Faced with a shortage of small banknotes, people in Myanmar are resorting to bartering cigarettes, shampoo and other items.
The bartering illustrates the effects of surging inflation and the curious decision to stop printing small notes.
It is a worldwide financial fiasco involving terms you’ve probably never even heard before.
Learn how investors on Wall-St take advantage of the Federal Reserve and Foreign Investors to leverage homeowners and the United States Taxpayers in the “Crisis of Credit”
Also known as the FOREX or foreign exchange market, this is a global trading arena that is open 24 hours a day from Monday through Friday. This is because no matter what time it may be where you live, there is always somewhere in the world that is open for business.
The American government is staring at total obligations of US $115 trillion, America’s debt-to-GDP ratio is off the charts and the American public is also up to its eyeballs in debt. Under this scenario, you can bet your bottom dollar that the American establishment will try to reduce this debt overhang through a process known as monetary inflation. If you have any doubt whatsoever, take a look at the chart below, which captures the incredible expansion in America’s monetary base.
The United States has had public debt since its inception. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly reported value of $75,463,476.52 on January 1, 1791. Over the following 45 years, the debt grew, briefly contracted to zero on January 8, 1835 under President Andrew Jackson but then quickly grew into the millions.
On the cover of the October 19, 2009 issue of “Time” magazine ran this headline: “Why It’s Time to Retire the 401(k).” The cover picture was ominous, showing a 401(k) sinking like the Titanic.
I recommend reading this entire article, especially if you do have a 401(k). My concern is that the flaws of this retirement plan will grow into personal tragedies as the first of approximately 75 million baby boomers retire, leading to the biggest stock market crash in history.
Gold prices are currently high and markets should be careful of a potential asset bubble forming, a senior official at China’s central bank said on Wednesday, as prices for the precious metal hit a record high.
“We must keep in mind the long-term effects when considering what to use as our reserves,” Hu Xiaolian, a vice-governor at the People’s Bank of China
Children’s cartoons have a better understanding of monetary policy then the federal reserve and our Washington Bureaucrats. When the boys get a hold of a Multiphonic Duplicator they start duplicating money like crazy. In the end the bury the town in money, which leads to hyperinflation. I think we need to send Scrooge McDuck to D.C. to straighten them out.
Peter Schiff’s weekly video blog. Peter recaps the money bomb, which was sabotaged by hackers but still raised over $60,000. Peter talks about housing and how the government is ruining the college degree.
Peter Schiff’s weekly podcast. This week IMF sold 200 metric tons of gold to India’s central banks. The move resulted in a $25 jump in the price of gold setting a new all time high of $1080.
George from InflationUS sits down with Mike of Local Gold Buyer. Mike is expanding into a new office and has recently hired 6 new employees. Gold businesses is booming and the price is hitting all time highs every single day.
Anyone can become a gold trader its easy to learn, and once you build your network of people you’re guaranteed to make profit. Buy low, sell higher, and you earn the difference.
On the Edge with Max Keiser interviews Catherine Austin Fitts on how to deal with the corrupt bankers in your life.
Richard Belzer was a guest on Real Time with Bill Maher last night and made a point to bring up the creation of the Federal Reserve at Jekyll Island and the total control the banking system has over the U.S. government
As people lose confidence in Fiat Currency and the Federal Reserve a Private Banking Corporation that prints our money and cripples the American people with MASSIVE debt, Store owners begin to accept silver and gold for payment
The U.S. dollar continued to tumble against most Asian currencies Thursday, prompting a wave of foreign-exchange intervention by central banks in South Korea, Taiwan, the Philippines and Thailand seeking to limit damage to their export industries.
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