U.S. Dollar Has Declined To 1/1300 Ounce Of Gold Since 1971

Gold And The Dollar Devaluation? 1)   Voltaire said over 200 years ago, "Paper money eventually returns to its intrinsic value - zero." 2)   The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971. 3)   Because central bank … Continue reading U.S. Dollar Has Declined To 1/1300 Ounce Of Gold Since 1971

Obama’s Minimum Wage Hike And Currency Wars: $9/Hour Sounds Good ~ But You Need A Job First!

What is U6 unemployment rate ? The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as … Continue reading Obama’s Minimum Wage Hike And Currency Wars: $9/Hour Sounds Good ~ But You Need A Job First!