Posts Tagged ‘gold standard’

How Central Banks Control Zimbabwean Style Hyperinflation from Happening Yet

hyperinflation

So now we have heard millions of times on how the US and the whole world in general is at high danger of hyperinflation. We have seen how the US dollar is continuing to decrease in value and how economists keep warning that the US dollar is going to disappear in value and will be [...]

Gold & Gold Stocks: Roadmap To $1700

(321gold.com) US Dollar Analysis The US government is spending approximately three dollars for every one dollar taken in. You are told this is being done to create “economic recovery”. Houston, we have a US dollar spaceship problem, because there is no balance sheet recovery. The people in power believe massive spending and borrowing more will [...]

Gerald Celente: Not Even Returning to Gold-Standard Will Save the US

The whole world is losing more and more confidence in the US dollar. Because of the declining value of the greenback, Zimbabwe is planning to return to using gold-backed currency in order to save the economy. Even Mexico just bought 100 tonnes of gold according to the Mexican Central Bank because of the lack of [...]

Zimbabwe May Sell Diamonds to Launch Gold-Backed Currency

zimbabwe-gold-backed-currency

(CommodityOnline.com) Zimbabwe may sell diamonds for gold, so that it can have a gold-backed currency, according to a recent proposal from the governor of Zimbabwe’s central bank. The Zimbabwean dollar is no longer in active use after it was officially suspended by the government due to hyperinflation. The United States dollar, South African rand, Botswanan [...]

George Washington Paperwork

(Goldseek.com) A friend asked me this week, in a roundabout way, if there’s any mathematical limit to how high silver and gold could go under a hyperinflation outcome. Math and economic geek that I am, Zimbabwe and Weimar, Germany immediately came to mind. Hyperinflation so ravaged their bankster paper money, in the end, it only [...]

US New Cry: In Gold-Standard We Trust

gold-standard

Although to many the idea of getting the dollar back into the gold standard is far fetched, there has been more and more discussions and debates about this recently. The reason for talks of pegging the dollar back to the precious metal is the threat of coming hyperinflation.

James Grant: Our Monetary Mandarins

Jim Grant is the editor of a newsletter called Grant’s Interest Rate Observer, the most significant publication of its sort in the whole financial world. www.Grantspub.com. He is also a writer of 6 books: Bernard M Baruch: The Adventures of a Wall Street Legend, My Own Favourite Money of the Mind, Mining Mr. Market, The [...]

The Gold Standard Never Dies

(Lew Rockwell) John Maynard Keynes thought he had pretty well killed gold as a monetary standard back in the 1930s. Governments of the world did their best to help him. It took longer than they thought. Gold in the money survived all the way to Nixon, and it was he who finally drove the stake [...]

Indonesia Back to Gold Standard

The US took the US dollar off the gold standard in 1971 which was done by Nixon. This basically gave the Federal Reserve unlimited authority to print money as much as they want. What they are really doing is printing out Monopoly money. If you have ever played Monopoly, you may realize (or maybe not) [...]

The Whole World is Shifting Towards Gold Economy – Stay Behind or Jump the Wagon?

When in April 2009, I wrote a post about how Zimbabwean prefer to buy and sell using gold, leaving their depreciating Zimbabwean dollar, it got me wondering whether America will start panning for gold like Zimbabweans as their US dollar is losing its value too. It seems like, they are now! As the inflation has [...]