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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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I would like some financial advice from some people that understand inflation and how it effects personal debt. I know that the intent of this forum is not for people just looking for financial advice, but I think that discussion in this area would be beneficial to more than just me. I am a recent college...
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The US government does not really borrow US dollars from US banks to pay for its expenses. The US congress passes laws that authorize Federal Reserve Board (via Chairman Ben Bernanke) to buy some paper and then print a bunch of new interest bearing paper currency instruments in varying amounts with the...
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Has anyone else read the recent article in Wired Magazine entitled "The Future of Money?" It was actually the cover story, so I flipped it open eagerly. It was about PayPal, and new forthcoming innovations such as payment-through-twitter, and other schemes for cutting out the middlemen of credit...
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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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Scottsdale Silver is one the best bullion sites IMO. Incredible bars, accepts visa, and quick shipping.
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Ever since the begginning of the latest school year I have really tryed to start getting into politics and what not. Economics is the hardest concept for me to understand yet. Last year I took a Civics and Economics class which didn't really teach me a thing. I've been reading this book "End...
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"The first thing to be observed about the "100 percent gold standard" is that nothing approximating it has ever been tested in practice. All historical metallic monetary standards had a supporting clearing system, more or less developed, which limited the actual payment in the monetary...
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i have seen definitions of the word fiat that meant 'by legal decree'...i wasnt sure if the original poster was referring to the fiat definition meaning "by legal or authoritative decree" or not.
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The deflation-versus-inflation debate emerges as the flavor-of-the-day....of continuing deflation before any real inflation sets in. That makes gold's price performance a tough call, he tells The Gold Report , because we have no history to help us understand how gold behaves in a real deflationary...