‘Returning’ to a Silver Dollar Standard

  By Bob Shapiro

I read a lot on the alternative – Gold Bug – web sites that we need to get back on the Gold Standard. While I certainly don’t disagree, I would suggest that we already have Gold and Silver as official, legal tender in the US. It is only the need to implement a way for individuals and businesses to Earn, Spend, and Save using them which prevents general, daily, widespread use.

That implementation actually should be easier and less costly to get off the ground than you might expect.

First, you would need a bank which accepts for deposit – separately – both Paper Dollars and Silver Dollars. (I prefer the Silver Dollars over Gold $50 coins, but either could be used.) A depositer might have a Paper Dollar account with $100 in it, as well as a Silver Dollar account with $10 in it.

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American Economics

By Andy Sutton – Re-Blogged From http://www.Silver-Phoenix500.com

Over the years, we have written multiple times about the system of Keynesian economics, its dysfunction…and the fact that it is a pure lie. This has all been well-documented from studies, observations, right down to remarks made by Keynes himself regarding the long-term viability of his new faux economics.

However, from Keynesian economics, there has morphed another type of economics. A more ignorant and destructive type of scarce resource allocation – which is what economics really is after all – and this type is no respecter of persons, intellect, position, or influence. We could easily call it the economics of entitlement, but that would be misleading because when most think of entitlements, they think about Social Security, Medicare, and other government programs. No, that’s not where the sense of American (and global) entitlement ends. It ends with the average working stiff who is paying 20% on a $40,000 / 7 -year truck loan with a balloon payment because his buddies told him he wasn’t cool if he didn’t have such a truck.

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Ireland’s Biggest Bank Charging Depositors Negative Interest Rate Madness

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.

This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.

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62% Of Americans Don’t Have Even $1,000 In Savings

By Sol Palha – Re-Blogged From http://www.Silver-Phoenix500.com

A key sign of financial health is savings; if one does not have a decent amount of money tucked away for a rainy day, it is a sign that all is not well. Americans have a very hard time sticking to a budget and saving, compared to their Asian counterparts. This is reflected in the startling revelation that over 62% of Americans do not even have $1,000 in their savings account.  Foreigners are shocked when they find out that Americans have so little money saved for a rainy day.

“It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” said Cameron Huddleston, a personal finance expert and columnist for GOBankingRates. “It suggests that they likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends, and family, or even their retirement accounts to cover unexpected expenses.”

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