China and the USA: They are not enemies but frenemies with dependent economies.
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Copyright: Toni Straka, 2005-2011 This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments.
SaneBull World Market Watch
EXCERPT FROM THE US CONSTITUTION, Article I, section 10: No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....
FROM THE US TREASURY WEBSITE: "Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. The notes have no value for themselves, but for what they will buy."
A LESSON FROM HISTORY BOOKS: The past 300 years have proven that ALL fiat money experiments ended in complete devaluation. From Rome to Britain: every empire vanished into oblivion soon after it went off the gold standard. It is time to recognize the obvious: Unbacked money has never worked.
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November
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- Bailout Über Alles
- CHART OF THE DAY: Why Germany And UK Insisted On T...
- China, Russia Boot The Dollar in Bilateral Trade
- Gold Attempts To Break Out vs. Euro
- Bankrupt Germany Now Plays The Terror (Hoax) Card ...
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- 10 Of 16 Euro Countries Exceed Inflation Limit Of 2%
- A Brilliant Explanation of Quantitative Easing i.e...
- 41 Facts About Central Banks No Longer Taught In U...
- Frenemies
- Everything Is Up Except This Funny CPI Stuff
- Germany Unwittingly Adopts A Silver Standard Due t...
- List of Per Capita Official Gold Holdings
- A Timeline of Gold's History As A Currency
- Atlantic Currency War From German Perspective: The...
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- The Immediate Results of QE2 And the ECB Meeting
- Ben "Weimar" Bernanke Sets Stage For The Dollar's ...
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1 comment
LOL That's too funny.
11 November, 2010 17:05Post a Comment