In 1944, two financial institutions were borne out of a summit conference between 43 nations held at Bretton Woods, New Hampshire. The World Bank and the International Monetary Fund (IMF) were established. Supposedly, their aims were to help rebuild a shattered post-war economy and to promote international economic cooperation among Read more…
Greetings gold enthusiasts! I just wanted to send you an educational video on the difference between fiat currency and commodity-backed currency. Of course, fiat currency is what we have now with the U.S. dollar. Typically, fiat currencies don’t last any longer than 27 years. The U.S. dollar has been Read more…
WHAT IS FIAT CURRENCY? The definition of fiat currency given by Google is as follows: “Fiat currency is legal tender whose value is backed by the government that issued it. The U.S. dollar is fiat money. It is backed by nothing, as are the euro and many other major Read more…
WHAT IS HAPPENING TO OUR MONEY? As I write these words, something is happening that will affect every man, woman, and child on this planet. The United States dollar is rapidly losing its status as the world’s reserve currency. With the alignment of the BRICS nations (Brazil, Russia, India, Read more…