Economics Forum

Boy, Mike Maloney had no idea what was to come. In this first section of chapter seven, he talks about how the Dow Jones' value was creeping past $13,000 and heading towards $14,000. He makes...

Dot-Bomb Back in the late 1990s, a very strange thing was happening. I remember it well. I had just graduated graduate school and the company I was working for was throwing money at things. They...

I can remember my mother telling me about monetary inflation during the 1970s and 1980s. My parents purchased their first home in 1964 for $16,000. By 1975, it was appraised for more than $50,000...

Have you ever noticed how things in the economy seem to move with a sort of mass agreement by the populace? What I mean is that when bubbles in the market occur, everyone talks about them...

What have been the greatest drivers of gold price increases throughout history? I'll tell you. An increase in the money supply of a nation and the public's awareness of that increase. The public...

Something odd occurred on August 15, 1971. That was the day President Richard Nixon moved the world off the gold standard. The dollar was no longer convertible for gold at a set price. The price...

The 1960s were a tough time for governmental borrowing and gold prices. When the Vietnam War rolled around, there was no more asking by government officials for the public to make concessions. War...

If you ask any grandparent out there what saved the United States from the Great Depression, they'll tell you it was Franklin D. Roosevelt's New Deal. If you aren't aware, the New Deal was a...

Can you imagine a situation where you agreed to work for $10 per hour and then went off to buy something after work that usually costs $10? When you get the store though, the person behind the...

Imagine this: you own a bunch of gold coins. Perhaps your father or grandfather gave them to you. Whatever the case, they're your private property and they were lawfully obtained. Essentially...

If there was ever a perfect example of how bank runs can exacerbate deflation, the Great Depression was it. During no other time in American history did so much currency leave the banking system...

It's really not a complex concept. If we compare the national or global economies to a very localized one or even an individual's finances, things become clear rather quickly. Let's say that...

Have you ever thought about what a credit economy is? I'm currently reading "The Rise of Credit Culture" section in Michael Maloney's book titled, Guide to Investing in Gold & Silver. It's an...

We all know that wars cost a lot of money, but what we all don't know is how that money is created and what that money creation does to banking and the fiscal policy of a given country. I'm...

The Federal Reserve is an extremely interesting bank. It's a fascinating organization that does fascinating things. I've always been interested in how certain people create certain things and keep...

I've always been fascinated by certain aspects of history. No, not the boring parts, but the much more entertaining and telling financial parts. Believe it or not, most of history was spurred by...

In this post, I'll give you an outline of how currencies collapse and how that outline pertains to the U.S. dollar. After that, I'll throw in some conjecture, simply because I can't let a...

I read a book once about the Weimar Republic and its hyperinflation mess. Well, I guess I shouldn't say I read the entire book. I got about half way through it and had to put it down. While the...

Here's something to think about and is certainly appropriate for today. Back in October of 2006, the Dow Jones Industrial Average broke its old record of $11,750. The media reveled in glee. Things...

After you read this story, you'll be scratching your head in wonder of how people get away with what they get away with. Here's the truth about currency: if you have something of value and someone...