Author Archive
Feb
28
THE LIFE AND DEATH OF THE US DOLLAR
Posted by: | Comments“Pearls are not valuable because men dive for them… men dive for them because pearls are valuable.” -Joseph Salerno It’s pretty scary to think that the United States dollar is not backed by gold, silver or anything precious or valuable. The only reason we accept its value is because enough people believe it to be worth something. This is fiat currency, a legal tender where the power and the value of the dollar is determined by the central bank that prints it. There is an inherent flaw with... Read More→