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World Reserve Currencies: What Happened During Previous Periods of Transition?
 

World Reserve Currencies: What Happened During Previous Periods of Transition?

  The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned over to a new one, it marked a pivotal change for the world. The economic paradigm shifted […]

Guest Post: If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

Authored by Michael, originally posted at Economic Collapse blog, If Barack Obama can “solve” the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money?  As another debt ceiling showdown approaches, many in the liberal media are suggesting that if Congress does not raise the debt […]

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Posted in Community Submitted News, US Dollar Collapse

QE1, QE2, QE3, QE4…….. Terminate?

The minutes of the latest Fed meeting show that their quantitative easing programs may terminate sometime in 2013. Yeah right! There are two ways to interpret this lofty and fanciful goal: either the Fed has no idea about how an economy works, or that the Fed understands very well the catastrophe into which it is leading […]

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Posted in Economic Crisis

What is Money? – Stored Human Energy…

Money has assumed many different forms throughout its history, affecting everyone from the strongest monarchs and the lowliest peasants, to you and me. Money originated as barter in many different forms, from wampums in Native America to whale teeth in Fiji. Other barter items recorded were seashells, amber, ivory, decorative feathers, cattle, and a large […]

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Posted in Gold and Silver, US Dollar Collapse

Top 6 Must-Read Books on the Economic Basics

Here is a list of the six best books on “economic basics.” These books lay the foundation for understanding the fundamentals behind the current global economic crisis. 1. Economics in one Lesson by Henry Hazlitt This classic work by Hazlitt is one of the best beginner’s books on basic economic principles. This book is for […]

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Posted in Austrian Economics

US Debt Crisis – How High Will It Go?

The implications of the US debt crisis are not well understood in most circles, and it is not widely spoken about in the media and during important political debates. The irony is that the US debt is so significant that it plays a monumental role in finance and modern political strategy. The debt poses great […]

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Posted in Economic Crisis, US Dollar Collapse

Canada’s Housing Bubble: Price Statistics – December 2012

Here are the latest price statistics for Canada’s housing market. Price statistics refer to the updated numbers in the month of November 2012. Declines were seen in all sectors and regions expect for “townhouses” which increased slightly. The aggregate price for all sectors and major regions in Canada declined again in November, posing the longest […]

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Posted in Housing Bubble

Canadian Junk Silver – What You Need To Know Before Buying

The price of retail gasoline in Canada in the early 1950’s was approximately a dime per liter, and the average price of silver in the early 1950 was $US 0.83 cents/oz. (USD=CDN most of the 50’s). Today, if we could hold that very same 1950 silver dime which contained .06 oz of pure silver, at today’s silver price […]

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Posted in Gold and Silver

Canada’s Housing Bubble – Has Cooled but When Will it Crash?

Recent Canadian real estate data shows that the housing market has cooled; however, the much needed correction of valuation is far from over. Overall the housing correction was felt the most in Calgary; cities less affected were Regina and Montreal. Take a look below for average price statistics: Canada’s Housing Price Statistics Besides Calgary, the decline […]

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Posted in Housing Bubble

Canadian Banking System Exposed

Despite what is commonly understood, the Canadian banking system is  as strong and resilient as most people might assume. According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in the world”. I am not sure what world they live in, though. The Canadian banking system is no […]

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Posted in Economic Crisis

Can the Canadian Dollar Collapse?

There has been much speculation regarding the stability of the US Dollar, especially as the Federal Reserve continues to use its printing press at full speed. Printing currency destroys the value of money—period. But how will other fiat currencies par with the debasement of the US Dollar, specifically the Canadian Dollar? Even though the Canadian economy […]

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Posted in Gold and Silver, US Dollar Collapse

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