The End of the Dollar Standard

cropped-bob-shapiro.jpg   By Bob Shapiro

The Eurozone can be thought of as a 2-tier confederation. The northern countries have stronger economies, have trade surpluses, and have lower debt to GDP. The southern countries – often referred to as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) – have been in and out of economic crisis after crisis for many years.

A few years ago, I was in preliminary contact with the government of Portugal. I prepared a 24 page report for them outlining how they could reverse the tailspin that the country was in.

One feature of my plan was for them to build up their holdings of Gold

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A Dollar Revaluation

cropped-bob-shapiro.jpg   By Bob Shapiro

One of the side effects of a rising CPI is that the value of our money falls. (Duh!)

No, really. The Dollar today can buy what it would have cost 2 cents for in 1913, when the US FED was created. A Penny today can buy… just about nothing. Go into many supermarkets and other stores, and you’ll see a little container with words like, “Leave a penny, take a penny.”

The Penny costs almost double its face value to produce. The metal alone costs about a cent and a third. And, that’s even after the copper

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