The History of U.S. Defaults
Judge Andrew Napolitano gives a quick, concise history of defaults in the United States. A default need not be declaring bankruptcy as Napolitano discusses the gold seizure in 1934, the default on silver certificates in 1968, and Nixon closing the… Continue reading
Gold and Stocks: A Visual
Just as food for thought, let’s look at the performance of gold versus the stock market since 1998. This is a trend that most of us are aware of, but it is still shocking to see visually:
Click for larger… Continue reading
What is Free Banking?
A private banknote issued by the Erie and Kalamazoo Railroad Bank in 1853.
In order to understand a regulated banking system, you must have a conception of what the banking system would look like without government. Free banking may be… Continue reading
Ron Paul to Head Congressional Federal Reserve Oversight
Rep. Ron Paul of Texas will become chairman of the House Subcommittee on Domestic Monetary Policy due to Republicans winning back majority in the House of Representatives. Most people haven’t heard of this committee, namely because it hasn’t done much… Continue reading
Gold to Rally to $1500?
Gold last closed at $1246.20, up close to 200% over the past 5 years and over 10% in 2010. Peter Schiff has estimated that gold could skyrocket to as high as $5000 an ounce! Now others are joining the chorus,… Continue reading
Digital Gold Currencies
By Cesar Zambrano at ForexFraud.com
This article covers how gold can be held and traded using digital gold currencies and some of the problems that have arisen.
In addition to now being able to trade gold in a forex account… Continue reading
Central Banks Stockpiling Gold
Gold, the safe haven investment for those wishing to hedge against inflation and debt, has been maligned by some traders as an emotional investment. Outspoken economists David Rosenberg and Peter Schiff have called for $3,000/oz and $5,000/oz (and possibly… Continue reading
Swift Wits: Insurance Premiums Will Drop 3000 Percent!
According to Bloomberg, Ben Bernanke and the Federal Reserve have pledged "to keep the main interest rate near zero for an “extended period” and confirmed that emergency measures to prop up the housing market will end as planned this month." Continue reading
Cities Printing Their Own Money
The Federal Reserve and Treasury have pumped an ungodly amount of money back into the economy, which raises serious concerns about future inflation, but for now, much of that money is stuck in the banks and velocity is extremely low.
So what have some city governments and businesses done to combat this? Well, they've decided to print their own money. MSN Money highlights one such example: Continue reading
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