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Here is an interesting 10-minute, black-and-white film from about 1934 to explain the benefits of monetary inflation as the cure for the Depression. It is interesting to me, since the news is telling us today that the next president is getting ready to pu... Read More
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
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