All Money is a Matter of Belief

Anyone remember when our money was backed by gold? Top of the dollar bill said “Silver certificate”? Today our bills say, “Federal Reserve Note”; called fiat currency. Fiat currency is government IOU’s (political promises). The value of fiat money is based on supply, demand and faith in the issuing government. Adam Smith said, “All money is a matter of belief.” […]

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Who Do You Trust?

Every day we see infuriating, politically biased Facebook posts, followed by others totally debunking the point. Someone is lying, and may have spent a lot of money for a professional presentation, to make their lie convincing. Who do you trust? “There is nothing from the CDC that I can trust.” Dr. Deborah Birx, concerned that the Center for Disease Control […]

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Will The Stock Market Protect You Against Inflation?

How do baby boomers protect their life savings from the ravages of inflation? Our recent interview with Chuck Butler got the attention of many readers. We reviewed how gold and foreign currencies performed during the high inflation Carter years. During a five-year period beginning 1/1/77, we experienced almost 60% inflation. That destroyed a lot of wealth held by seniors and […]

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When Is Capital Preservation Not Enough?

Pundit Bill Bonner’s article about our growing government debt grabbed my attention. “…. When it comes to government debt, the borrower never pays; the feds have no money. The lenders – big banks, investment funds, well-heeled insiders – don’t want to pay. Generally, they collude with the feds to make sure the real cost is put on innocent third parties […]

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How To Use Foreign Currency To Combat Inflation

Can an average investor use foreign currencies as a hedge against the rapid decline of the purchasing power of the US dollar? Last week, friend Chuck Butler and I discussed WHY investors should use currencies as an inflation hedge. This week we discuss HOW even small investors can do so from the comfort of their own home. The discussion continues… […]

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