Since the Bretton Woods Agreement in 1944 the dollar has been the world’s preferred reserve currency; i.e., the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their [more…]
Last Tuesday, June 20th the Pennsylvania House of Representatives passed a bill to raise the Commonwealth’s minimum wage to $15 per hour by 2026. Although the bill is unlikely to pass the Senate, it seems [more…]
The US dollar has been the world’s premier reserve currency since the Bretton Woods Agreement of 1944. Until 1971 it was redeemable by foreign central banks in gold at $35 per ounce. As long as [more…]
News here in the US has been full of the latest farce known as raising or not raising the debt ceiling. Today (Thursday, May25, 2023) the Wall Street Journal’s headline story reassures us that progress [more…]
Thorsten Polleit’s recent essay, The Road to a Single Fiat World Currency, explains the dangers of the current trend in the West to eliminate cash and create a world fiat currency in the place of [more…]
Starting around 1989 the Soviet empire started to crumble. The time period between the forming of NATO in the late 1940’s and the retreat of Russia from Eastern Europe and the eventual collapse of communism [more…]
For many months now Alasdair Macleod of Goldmoney.com has been writing about the efforts of a group of non-Western nations, led by Russian economist Sergey Glazyez, to establish a new settlement system for international trade. [more…]
The Imperative for Change The purpose of this essay is not to convince the reader of the necessity for change. It is to present some common sense policy changes to prevent or perhaps mitigate the [more…]
Is it possible, or perhaps even desirable, for economic freedom and progress to be compatible with authoritarian government? Let’s cut right to the chase. Although some may believe so, this is a fallacy. Freedom is [more…]
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