Tag Archives: US debt

There Are Many Reasons to Have a Gold IRA

In 1971 the US dollar was taken off the Gold Standard. The fiat currency experiment is now 51 years old and dying. Fiat currency by definition is money that has indirect market value or is given legal tender status by government fiat. Money here in the United States is called Federal Reserve Notes. Our money […]

Governments have Nationalized (Stolen) Retirement Accounts

We have talked about the debt here in America many times. Do you know the last US President to decrease the national debt while in office? Calvin Coolidge was the last President to decrease the national debt while in office in 1929. President Reagan took office in the early 80s and the national debt stood […]

The Inevitable Demise of the Paper Dollar

Since the consumer price index was first used in 1919 as a key measure of inflation, it has been modified at least 18 times. Many argue that the goods measured are not representative of the true increase in living costs. Recently President Joe Biden announced that inflation dropped to zero percent despite double-digit annual increases […]

Money Is About Trust, and Our Paper Money Is Losing Its Trust

Money can be any item or confirmable record that is generally accepted as payment for goods. Money is also used for the payment of services and the repayment of debt such as taxes. Money is supposed to be a medium of exchange, a unit of account, a store of value, and sometimes a standard of […]

Brief History of Gold in the United States

From 1879 to 1933 the United States was on a gold standard. There were two forms of money at the time. Paper bills were convertible into gold, and gold was easily converted back to paper bills by the bank. A person could have a $20 bill in their pocket as well as a $20 gold […]

The Numbers on Why You Should Own Gold

Gold is a store of value. It holds your purchasing power when paper fiat money does not. Remember in 1971 the US dollar was taken off of the gold standard. Since that time and the “temporary” move, our money is backed by nothing but a promise. It was a promise by the government to pay […]

As the Markets Lose Trillions, Gold Is Holding Its Own

Everyone can see the markets have been melting down this year dramatically. Investors are panicking as paper markets lose steam every week. Those big gains from the last few years in bonds, cryptocurrencies, and stocks are gone. As the markets are giving the signs that a crash is looming, gold has held its own. The […]

Politicians and Central Banks Have Ruined the Financial System

In 1999 we saw the Dot Com Bubble. In 2008 the Subprime Mortgage Bubble imploded. Neither financial circus was fixed. The can was just kicked down the road. Today we are seeing the beginning of the Everything Bubble implosion. Bonds have lost over $2 trillion in value this year. 50% of Nasdaq stocks are down […]

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