Currently, the US economy consists of approximately 77% services, which contributes to major imbalances to their economic system and not to mention a massif trade deficit (imports exceeds exports ). The picture below depicts dark countries with trade deficits and greener countries with trade surpluses. The US trade deficit was over 550 Billion in 2011, […]
Tag Archive | "Bretton Woods"
Why Does a Trade Deficit Weaken the Currency and Make the Country Poor?
Posted on 23 August 2012.
Posted in Gold and Silver, US Dollar CollapseComments (1,697)
Fiat Currencies; The Demise of Our Economic System
Posted on 08 November 2011.
Up until 1971, real money was known as gold and silver bullion and coins. With the help of Richard Nixon’s abolishment of the gold standard (Breton –Woods agreement, 1971), today our money is known as fiat currency, which has been adopted by every country in the world. Gold as money has existed for over 5000 […]
Posted in US Dollar CollapseComments (875)
Get the economic "truth" delivered to your email now! Enter your email address here:
