In the previous writings, I stated that a fiat currency always fails, earlier or later. In fact, according to a well-known monetary historian and finance educator, Mike Maloney, the average life expectancy of a fiat currency is 27 years. It all began with Mike’s family accountant. Failing account, to be accurate. He was the … [keep reading..]
A 70-year old, blond-haired (or is it red?) hotel builder ended up to be “the chosen”. Donald Trump and the gold standard is a good subject to talk about if you look at the election from the perspective of the yellow metal. Judging by what he says, Trump likes the gold standard (and no doubt gold in general, … [keep reading..]
Purchasing power of the US dollar is a dry topic but it directly shows why you would want to have some gold under your mattress. So, grabbing an overall picture of the dollar’s shrinkage is a must. All right, look at the graph above. What happened? The purchasing power of the dollar since 1913 … [keep reading..]