Currency pair
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.
Economic Chaos Ahead
Posted by admin / Under Currency Pair
Let's think about the kind of mess that we're in. Federal 2010 Medicare and Medicaid expenditures totaled $800 billion. The projected annual growth of both programs is about 7 percent. Social Security expenditures are more than $700 billion a year. According to the 2009 Social Security and Medicare trustees reports, by 2030, 49 percent of federal revenues will go for Social Security and Medicare payments. The unfunded liability of both programs is already $106 trillion.But not to worry. The Congressional Budget Office estimates that it's possible to sustain today's level of federal spending and even achieve a balanced budget. All...
Published on Thursday 9th of February 2012 02:55:30 AM
Getting back to the gold standard (Gold, not Paper Money, is the Future)
Posted by admin / Under Currency Pair
Jim Grant’s rise to power may be delayed. The legendary Wall Street writer, publisher of Grant’s Interest Rate Observer, has been mentioned by two of the rivals for the Republican presidential nomination. Newt Gingrich said if elected president, he’d name Grant to help run a commission looking at a possible return to the gold standard. And Ron Paul said, if elected president, he’d go all-in and name Grant — one of Wall Street’s best-known gold bugs — as the new chairman of the Federal Reserve. As Paul wants to abolish the Fed, it would doubtless be a temporary post. But...
Published on Thursday 9th of February 2012 02:55:30 AM
What is Constitutional Money?
Posted by admin / Under Currency Pair
Constitutional money is identified in the plain and unambiguous language of the U. S. Constitution itself. Article I, Section 8, clause 4 contains the following clause: The Congress shall have power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. This means that the Congress, elected to represent the interests of the citizen, has the responsibility to regulate the value of our money. The value of money is regulated by how much or how little money is created. If too much money is created than the value and therefore the...
Published on Thursday 9th of February 2012 02:55:30 AM
Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent
Posted by admin / Under Currency Pair
So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...
Published on Thursday 9th of February 2012 02:55:30 AM
The Evolution of the U.S. Dollar
Posted by admin / Under Currency Pair
...Therefore, this whole idea that we can live the high-life, be whatever we dream and never have to pay the consequences is simply dead wrong. The confusion that the Gold Standard advocates have created is this misconception that we print money and that is “fiat” that results in inflation. This is a far too simplistic view of finance. It presumes “printing” of actual dollars without restraint. Simply put, HAD WE PRINTED dollars instead of BORROWING DOLLARS, the national debt would be about 40% of its current size. Printing is MUCH LESS inflationary than borrowing. The reason, borrowing necessitates the creation...
Published on Thursday 9th of February 2012 02:55:30 AM
Why Rising Debt Will Lead To $10,000 Gold
Posted by admin / Under Currency Pair
Why Rising Debt Will Lead To $10,000 Gold Commodities / Gold and Silver 2012 Jan 07, 2012 - 09:55 AM By: Nick Barisheff Good afternoon, it's a pleasure to speak about gold at this Outlook for 2012. Today, I'd like to focus on one important idea: the direct relationship between the rising price of gold and the rising levels of government debt that result in currency debasement. Since we measure investment performance in currencies a clear understanding of the outlook for currencies is critical. In order to understand gold's relationship, it's important to understand that gold is money. It is...
Published on Thursday 9th of February 2012 02:55:30 AM
Ron Paul: "Nothing to fear from global currency" (C-SPAN 3/13/2001)
Posted by admin / Under Currency Pair
This clip, taken from C-Span, from a House session dating back to March 2001, shows Ron Paul stating there is nothing to fear from a global currency.... as long as it's backed by gold, of course. Listen at 0.32 (more in your face numerology), where Paul states there being nothing to fear from a "single, worldwide currency." He then goes on to praise the wonders of globalism, which he also claims is nothing to fear. Is the establishment running scared of Ron Paul, or is that what "they" would like you to think? Is it so absurd to think they...
Published on Thursday 9th of February 2012 02:55:30 AM
Share this!