What Backs the United States Dollar?

Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government’s ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

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How Silver Runs The World

Silver is often associated with “second place.” But don’t be fooled: silver is a remarkable metal that often plays a much greater role in our everyday lives than its glamorous yellow counterpart.

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What is Quantitative Easing?

Quantitative Easing allows central banks, such as the U.S. Federal Reserve, to pull the levers of the financial system like never before. Is this strategy effective? Fair? Smart? One thing is certain: it is powerful.

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History of Hard Money: Japan’s Lost Decade

Throughout the 1980s, Japan’s economy soared past the rest of the world. The growth that once earned the envy of investors and economists now stands as a dire warning against debt, speculation, and easy money.

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Gold vs. Money Supply

History is clear: when the money supply increases, the gold price follows. The more dollars are printed, the more can be stuffed into the earth’s limited gold reserves.

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