Saturday, November 22nd, 2008

Posts Tagged ‘ Gold Standard ’

No Soothing Salve for Economic Ills

Nov 4th, 2008 | By Richard Daughty | Category: Financial News

Information Clearing House started off a recent issue with quote from Kenneth Gerbino, who is referred to as “former chairman of the American Economic Council”, who notes, “Historically, the United States has been a hard money country. Only [since 1913] has the United States operated on a fiat money system. During this period, paper money has depreciated over 87%.”



Why a Gold Standard

Nov 3rd, 2008 | By Don Grove | Category: Gold Market

The $800 billion bailout, and billions more being pumped less obviously into the global economy, will cure nothing. Americans are clamoring for a savior. No one is willing to believe that the party is over. In the past, someone always came to our rescue.



The Financial Furry Freak Brothers

May 28th, 2008 | By Adrian Ash | Category: International Investing

When the gold standard was abandoned and fiat money became the only game in town, the economy may have been set up to take a huge fall. Can human beings really be so bold as to think they can control the value and worth of a country’s money?



Stocks Tumble on GE Earnings

Apr 11th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Stock Market Investing

For weeks at ContrarianProfits.com we’ve been warning that the Fed-inspired optimism on Wall Street would have to eventually have to face the reality of Corporate America’s earnings.

And today reality has bitten hard. US stocks fell with a loud thud following missed earnings from industrial behemoth General Electric, whose dismal earnings report casting a gloomy light on upcoming profit reports.

According to Dow Jones MarketWatch, the Dow Jones industrials shed 148.59 points to 12,433.39, with 25 of its 30 components trading in the red.