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Economy Money

What Happened in 1971

We examine what happened in 1971 and why money has value. In addition, we will also look at purchasing power, inflation and compare the value of the dollar over several decades. President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of […]

Categories
Economy Money

Will Fedcoin Replace The US Dollar?

A new central bank digital currency (CBDC) is coming to the United States that many are calling “Fedcoin.” Fedcoin is the new digital currency created by the Federal Reserve Bank of the US, which features it’s own digital wallet. Will Fedcoin replace the US Dollar? In addition, learn how the new digital currency is different […]

Categories
Economy

Effects of Inflation on an Economy

We will discuss the effects of inflation on an economy, the causes of inflation and the possibility of hyperinflation in the United States. We will also discuss how you can fight back against inflation by looking at deflationary assets. In short, owning assets like gold, silver, Bitcoin and real estate have been traditionally safer investments […]