Zimbabwe has become synonymous in recent years with inflation. Its hyperinflationary crisis in 2009 was so bad that the Zimbabwean dollar was eventually abandoned when it reached an exchange rate…
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The 1980s were golden for gold investors, with mints around the world seeking to capitalize on gold’s rising price and the re-opening of the US gold market in 1975 to…
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Italy is quickly developing a reputation as the new sick man of Europe. While the hubbub several years ago about Greece and the peripheral EU member states dragging down the…
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A recent document from the Financial Literacy and Education Commission has recommended that colleges should provide mandatory courses in financial literacy. Part of the reason behind this is the fact…
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It’s well known that the US dollar was originally modeled off the Spanish milled dollar, or “piece of eight.” And it’s also well known that the name “dollar” came from…
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Millennials Worse Off Than Previous Generations: What Effect Will That Have on the US Economy?
The millennial generation, those born between about 1981 and 2000, has finally come of age. Older millennials are beginning to reach their peak earning years, starting families and buying homes.…
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With the popularity of gold bullion coins growing after the US legalized gold ownership in 1975, numerous countries rushed to supply the investor demand that had been pent up. Among…
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Few people probably remember the initial origin of the 2008 financial crisis, but it started in 2007 when a business unit of Bear Stearns began to see a little bit…
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While the gold standard may have offered unprecedented monetary stability to the world, for much of history most countries in the world were actually on silver standards. China was a…
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Despite the supposed strength of the US labor market that is touted throughout the mainstream financial press, the reality isn’t so rosy. That’s especially the case for younger workers, who…