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The US Government only has $11 Billion of gold left in Ft. Knox according to the AP Dec. 21, 2009, 3:44PM, and the US government is continuously allowing our freshly printed US Bonds, US Dollars and other Securities owned by foreigners to be redeemed by purchasing title to privately owned land, hotels...
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Dear bbnet: You have got it right! The US government is selling freshly printed paper US bonds that is being exchanged for our seed corn, instead of gold! Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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There are now thousands of criticisms of what Bush, Paulson and Bernanke did starting in 2007. To show that libertarians would have been able to propose real world workable solutions to the economic crisis, I would like to produce a story which starts with President Bush naming a libertarian as Treasury...
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I just read an article saying that it appears that China, and perhaps the other BRIC countries, is exploring (and actively moving toward) the idea of implementing Keynes Bankor global currency idea. Does anyone know anything about this proposal and its consequences? There is no mention of it on Wikipedia...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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I am new here. I became a lover of the Austrian school through the Ron Paul campaign. I am an American living in South Korea. As many of you probably know, Peter Schiff and Jim Rogers are big fans of Asian economies. Why? I guess it's because they believe Asian's save more, so things should be...