US economy

Read our articles on US economy.

The US Dollar as World Reserve Currency Will Eventually End

Holding world reserve currency (WRC) status refers to a currency’s dominant role in the global financial system. The key aspects of what it means to be a world reserve currency include many characteristics. A world reserve currency is widely used for international trade and financial transactions, even between countries that don’t use it as their […]

The United States is in the Last Stage of Empire

The Seven Stages of Empire theory, also known as the Life Cycle of Empires is attributed to Sir John Glubb, a British soldier, scholar, and author. In his 1976 book The Fate of Empires and Search for Survival, Glubb analyzed the life cycle of empires and proposed that they tend to go through seven distinct […]

Lost Purchasing Power for Our Paper Dollar

The US dollar became a pure fiat currency in 1971. Before that, the dollar was backed by gold under the Bretton Woods system established after World War II. In 1944 the Bretton Woods Agreement established the US dollar as the world’s reserve currency, backed by and pegged to gold at $35 per ounce. Other currencies […]

The Federal Government Borrows Its Own Money and Pays Interest

I asked Claude AI recently that exact question. Why would the federal government borrow its own money and pay interest? The federal government borrows money by issuing Treasury securities, even though it has the power to create money. The Federal Reserve, the central bank of the United States, is responsible for managing the money supply […]

Do You Know What an Absolute Mess Our Financial System Is?

Do you know exactly how weak and risky our entire financial system is and what that means to your savings? You would be amazed at how many people have no idea. Maybe that is why gold makes up about 1% of all financial assets as crazy as that fact may be. But that is where […]

The US Banking System is Sick and on Life Support

Fractional banking refers to a banking system where banks are required to hold only a fraction of their deposits as cash reserves. Banks only keep a fraction of deposits, such as 10%, available for withdrawals and payments. The rest is loaned out to earn interest. This allows banks to leverage customer deposits to issue new […]

From Market Boom to Bust

There’s a good reason why the Midas Gold Group exists and why we’re so committed to educating you on our nation’s financial history, how markets are cyclical, and how precious metals like gold and silver have stood the test of time in providing a certain amount of protection of your purchasing power. To better understand […]

Timeline of Real Money to Total Fiat Currency

Money backed by gold refers to a monetary system where a country’s currency or paper money has its value linked to gold. For many years in the late 19th and early 20th century, many major economies had currencies that were fully or partially backed by gold. This was known as the gold standard. In a […]

Will Gold Take Down the Fed?

In 1963 this country lost a great man and leader, President John Fitzgerald Kennedy. President Kennedy had great ambitions for this nation. One ambition was to make the US monetary system the strongest on earth. As part of his efforts to achieve this, he issued Executive Order 11110. In this Executive Order, President Kennedy attempted […]

2023 Has Provided Many More Reasons to Own Gold

As we look back on 2023, a simple question for folks to ask themselves would be “Have the events that have unfolded in 2023 provided more reasons to own gold?” Our contention is physical gold is the only form of real money that has survived throughout time in its original form. Gold is a way […]

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