Epoch Times - World Bank Says Global Economy to Shrink 1-2 Percent
Written by admin on March 11, 2009 – 8:55 pm -“My guess is that growth will probably fall about 1 to 2 percent,” he told the paper in its Thursday edition. “We haven’t seen numbers like that since World War Two, which really means the Thirties. .. Read more here: Epoch Times - World Bank Says Global Economy to Shrink 1-2 Percent Read More →
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Economic Policy: Whither The Global Economy
Written by admin on March 11, 2009 – 7:51 pm -This was the decade when the US bought real goods from the sweat of the poor peasants and paid them with paper money . The US Federal Reserve under Greenspan thought it had found the magic fountain of fortune by printing money and getting real goods from abroad Go here to read the rest: Economic Policy: Whither The Global Economy Read More →
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Is Gold Money?
Written by admin on March 11, 2009 – 6:41 pm -Even a return to paper money would raise the level of reality attached to world currencies. There is a problem of raising the reality level of all currencies – a problem which nineteenth century economists solved by convertibility to gold. Excerpt from: Is Gold Money? Read More →
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Thoughtful Ideas
Written by admin on March 11, 2009 – 9:22 am -Massachusetts was the first to issue government paper money in the Western world , followed by the other 12 original colonies. Paper currency augmented a scarce supply of gold and silver coin. Two forms of colonial paper money were issued Read the original post: Thoughtful Ideas Read More →
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