United States Silver Money This is silver money. It is in fact and in law a one dollar coin as provided for by the Coinage Act of 1792. It is in conformity with the dollar referred to in the 7th Amendment to the Constitution. This is not a dollar. It is a promise to pay […]
How Real US Money Became Bogus, aka, Fiat, Money
The Fed is Causing, not Curing, Deflation, Low Wages, Unemployment and Reducing Demand
The Fed believes that Zero interest-rate policy (ZIRP) will boost the economy by increasing credit creation, making it more profitable to build factories, start businesses, with increased demand and employment to follow. ZIRP, a euphemism for facilitating the creation of legal tender irredeemable paper-ticket-electronic make-believe money out of nothing, does bring forward sales of some […]