Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology called a printing press that allows it to produce as many U.S. dollars as it...
Ben Bernanke the chairman of the Fed, said in a speech at the National Economists Club in Washington, in November 2002:“Like gold, U.S. dollars have value only to the extent that they are strictly limited in...
Ironically the winner of this year’s Nobel Price for the Peace, Barack Obama also had a totally different mission in mind; killing the US dollar. Of course, Obama and his financial ministers will always...
Everyone knows that China is the economy of the future. But beware of a potential blow-up of the Chinese economy.Anyone who thinks China can save the world from recession needs to read former Morgan Stanley analyst...
Since 1971 the US dollar has been depreciating ever since. Seventy years ago it was first devalued from $20.67 a gold ounce to $35 compared to approx. $970 being today’s gold value. After that now 38 years ago...
The doctors were called in, the patient was very ill but still not life threatening sick. They unanimous diagnosed too much debt as cause of the illness and described restructuring instead of reviving his...