America
The Dollar Price to Redeem an Ounce of Gold
In a recent article I pointed out that the surest path to saving the fiat dollar from destruction was to make it fully redeemable in gold at whatever that price happened to be on a [more…]
US Dollar
20th Century
A Golden Yuan Will Be Good for the American People
Bretton Woods (I) Will Be Replaced by Bretton Woods (II) In his recent interview at Manioco64 Alasdair Macleod used the term “Bretton Woods II” to describe the steady progress being made by China to make [more…]
Economics
How to Stop the BRICS Nations from Abandoning the Dollar
The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses the dollar. These nations have [more…]
America
Gold Will Destroy Keynesian Fallacies
Great forces are in place to change the world in which we have lived since the end of the Bretton Woods Agreement in 1971. These forces cannot be stopped. The leaders of Western democracies are [more…]
America
Dollar Hegemony Ending Due to Geopolitical Change
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…]
America
The demise of the dollar: What comes after that?
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
America
The demise of the dollar: What comes after that?
Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and [more…]
America
Do Not Mourn the Fiat Dollar’s Demise as a Reserve Currency
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…]
America
Sound Money Required for Real Budget Discipline
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…]