What is money? Economist Mike Shedlock defines money through the eyes of Austrian economist Murray N. Rothbard as “a commodity used as a medium of exchange.” “Like all commodities, it has an existing stock, it faces demands by people to …Continue reading →
Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from …Continue reading →
Paul: Do you think gold is money? Bernanke: No. It’s not money? It’s a precious metal. Even if it has been money for 6,000 years, somebody reversed that and eliminated that economic law? Well, it’s an asset. Would you say …Continue reading →
Robert Kiyosaki says that to become more financially secure you must first become educated in the B or the I quadrant – or to improve you financial literacy. Once you have this knowledge, you’ll feel more secure even if you …Continue reading →
It would seem that some in the media are beginning to wake up to the truth and are beginning to share what’s really going on with the American public, as is evident in the article by Associated Press writer, Tom …Continue reading →
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