Wouldn’t mind a sip of the Federal Reserve? What about Kennedy? Between the two, the president John Kennedy and the Federal Reserve, there is a special connection. By the way, I had an unforeseen break on blogging – back again. Precisely, the Federal Reserve was the main vehicle that facilitated his death. Plotted death, … [keep reading..]
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 one … [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 shrank significantly. … [keep reading..]