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On Dec. 11, I wrote a blog about the falling dollar. I mentioned that the previous day (Dec. 10) it took $1.30 to buy one euro, and the next day it took $1.33 to buy a euro. That was a pretty steep one-day decline in the value of the dollar. Today the Fed... Read More
#1 Story: The Other Shoe Drops on President Bush Yesterday, at a press conference in Baghdad, President Bush received an extra pair of shoes--a gift from an Iraqi news reporter. Both shoes were delivered in an unusual manner, of course, since th... Read More
Series: Biblical Money - Babylon used a single standard--gold--by which to measure all things. Essentially, it lasted 2,520 years. The account in Daniel 3 involved Daniel's three friends, who had been taken to Babylon with him to be trained as officials in Nebuchadnezzar's... Read More
Series: Biblical Money - If we were to go back to the gold standard today, we would have to revalue gold at $40,750/oz to accommodate the amount of currency in circulation. At least, this is according to official figures. The government tells us that the national debt is now $10,... Read More
Series: Biblical Money - One of the appeals being made for a Constitutional Convention is that a new Constitution could mandate that the Federal Government provide for a balanced budget each year. This is the "bone" that Mr. Rockefeller is throwing to conservatives. The... Read More
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