credit money vs commodity money

Most people believe that interest is natural to money. However, the way in which money is created determines whether interest is applicable or not.Two forms of money creation have dominated over the last 5000 years -- creating money out of credit and creating money out of gold or silver - with humanity going back and … Continue reading credit money vs commodity money

Gold Fix Study Shows Signs of Decade of Bank Manipulation

If you still believe that the gold is only for investments, maybe this article will change your mind:  Gold Fix Study Shows Signs of Decade of Bank Manipulation The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks … Continue reading Gold Fix Study Shows Signs of Decade of Bank Manipulation

How Art History Majors Power the U.S. Economy

The Chinese gov't solution is to cut public subsidies, the free market solution is that only the rich would be indulgent enough to buy their kid an education... Too many ideas on these systems but the bottom line is, so many unemployed college graduates pile up as fast as unsold electric cars. Before continuing into this … Continue reading How Art History Majors Power the U.S. Economy