Tag Archives: Federal Reserve

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 […]

Our Federal Reserve Note Loses Purchasing Power Over Time

The United States transitioned to a central banking system with the creation of the Federal Reserve System in 1913. The Panic of 1907, a severe financial crisis, highlighted the need for a more stable banking system and a lender of last resort. The Federal Reserve Act was signed into law by President Woodrow Wilson on […]

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 […]

Six Central Banks of the World Are Destroying Paper Currency

A central bank is an institution that manages a state’s currency, money supply, and interest rates. Central banks also oversee the commercial banking system of their respective countries. Essentially, a central bank is a bank that provides financial and banking services for a country’s government and commercial banking system.

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 […]

The Debt-Based Currency Scam Is Being Revealed

The central banking system in the United States was officially established with the creation of the Federal Reserve System. The Federal Reserve Act, which brought the Federal Reserve into existence, was signed into law by President Woodrow Wilson on December 23, 1913. The Federal Reserve System is the central banking system of the United States […]

The Purchasing Power of the US Dollar is Dwindling

When the US was on the gold standard, the value of the dollar was tied to a specific amount of gold, providing a degree of stability to the currency. After leaving the gold standard in 1971, the US adopted a fiat currency system, where the value of the dollar is not backed by a physical […]

Side Panel Text Widget

Aliquam erat volutpat. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Integer sit amet lacinia turpis. Nunc euismod lacus sit amet purus euismod placerat? Integer gravida imperdiet tincidunt. Vivamus convallis dolor ultricies tellus consequat, in tempor tortor facilisis! Etiam et enim magna.

Midas Gold Group