Picture of the week: Canadian Dollar purchasing power from 1971 to 2008


Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy Continue reading

Jim Willie CB: US Problems and the Return of the Deustche Mark

10 Deutche Mark (1999) / Wikimedia Commons *

“The Germans are actually working toward a new alliance with Russia and China, with Persian Gulf support. They look East as they see the West in shambles.”  Jim Willie CB

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Legalize Currency Competition : Ron Paul

Image: jscreationzs / FreeDigitalPhotos.net *

“In order to fund its military operations during the 1860s, the federal government for the first time in its history issued paper currency which was unbacked by any commodity and was to be accepted at face value as a legal tender.”

“For the past 40 years we have lived in a world in which the issuance of money is completely at the discretion of governments and central banks, and we are reaping the consequences. The fiat money standard has led from one financial crisis to another, as each attempt to inflate out of the previous bubble only sows the seeds for the next crash.”

“Historically, legal tender laws have been used by governments to force their citizens to accept debased and devalued currency.”  Ron Paul

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Libya All About Oil, Or Central Banking?

Central Bank of Libya in Tripoli / Wikimedia Commons*

taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda”     Ellen Brown

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