One of the problems that occur when a currency is devalued is that it can actually cost more to make a coin than the coin is worth. This from CNN Money[1] (emphasis added):
The U.S. Mint is facing a problem — especially during these penny-pinching times. It turns out it costs more to make pennies and nickels than the coins are worth. Continue reading
Many of us agree that government regulation is far too intrusive and overreaching. Some of us even feel like getting up on our soapbox once in awhile and talking about it.
I’ve been feeling more like that lately given what’s been going on with regulation. Continue reading
Interesting article published by “Business Insider” last week comparing the present day condition of the United States to that of the Roman Empire prior to its collapse. Except for the horses and chariots, there are many similarities. This from the article[1] (emphasis added): Continue reading
The world’s policymakers have, for the most part, spent the last few years battling the economic monster that they fear most – deflation. While the massive money printing by many of the world’s central banks has many prognosticators anticipating inflation, I believe that there is more evidence of deflation than inflation. This from an article in “The Telegraph”[1] (emphasis added): Continue reading
Back in August of 2011, I made the following 5 forecasts for the remainder of 2011 and for 2012:
1.) The Euro will fail in its current form
2.) The credit rating of the United States will be downgraded again
3.) Alternatives to the US Dollar as the world’s reserve currency will continue to emerge Continue reading
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