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 … [keep reading..]
Michael Snyder in one of his articles pointed out a trend – whenever the price of oil relative to the price of gold drops, that is, gold to oil price ratio increases, there is a major economic crises. Michael Snyder is the author of the “Beginning of the End” and runs a couple blogs. He is known … [keep reading..]