When Germany suspended the gold standard to help fund the costs of WWI, they set in motion a series of economic dominoes that concluded with a grand finale: a system of global monetary rules and standards.
While hindsight is always 20/20, it is helpful to look back at the causes for Germany’s dire economic situation in the 1910s to see how one catastrophic mistake lead to another. The result, the end of the gold standard and a monetary system built on predatory lending has only deepened our persistent economic malaise.
Continue reading “The Lasting Effects of The Nazis”
The Bretton Woods Agreement was a landmark piece of financial legislation passed in the fallout of WWII. Then a new world order was created around the strength of the USD and the short-term gains of a debt-based economy. Although doomed to failure, it did allow American interests to take center stage in a new, globalized financial system.
Continue reading “The Massacre At Bretton Woods”
Back-to-back administrations in the late 70s and 80s were unable to prevent the specter of stagflation from taking over the economy. Although every macroeconomic policy under the sun was attempted, and both Carter and Reagan were undermined by sea change in America’s debt structure, the increasing sale of national debt to foreign governments to finance further deficit spending.
Continue reading “America’s Addiction to Debt”
“Stand up! Be counted!” These are the rallying calls of the motivated and civic-minded young kids – often referred to as millennials – of our country. Their first target? None other than the National Rifle Association (“NRA”,) one of the biggest Goliaths out there. I’ll be the first to admit that I’m impressed. For too long, recent generations have stayed silent while the wealthiest of this nation have ramped up their grotesque money and power grab.
Continue reading “A Roadmap for Millennials”