How Much Longer Will the Dollar be the Reserve Currency?

toilet-money

Source: Mises.org – How Much Longer Will the Dollar be the Reserve Currency?

We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may pay China in US dollars rather than Canadian dollars, and vice versa. However, the foundation from which the term originated no longer exists, and today the dollar is called a “reserve currency” simply because foreign countries hold it in great quantity to facilitate trade.

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America’s Default On Its Debt Is Inevitable (Oct 2013)

debt_default

Source: Washington Post: America’s default on its debt is inevitable

Notable excerpts:

“There is precedent for a government shutdown,” Lloyd Blankfein, the chief executive officer of Goldman Sachs, remarked last week. “There’s no precedent for default.”

How wrong he is.

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Arizona Passes Law Making Gold And Silver Legal Tender (Apr 2013)

gold_silver

Source: The Mail – Arizona Passes Law Making Gold And Silver Legal Tender

Notable excerpts:

States are now rushing to push bills through allowing for gold and silver to be recognized as legal tender as politicians fear that the U.S. economy is going to collapse.

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Documentary: Breaking Inequality

Source: Breaking Inequality

This is one of the most important issues our country faces right now and it demands everyone’s attention or else the consequences could be catastrophic.

Breaking Inequality is a documentary film about the corruption between Washington and Wall Street that has resulted in the largest inequality gap in the history of America.

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