Tuesday, December 31, 2019

Gold standard abandoned the remnants of the system in 1971

The gold standard is not currently used by any government. Britain stopped using the gold standard in 1931 and the U.S. followed suit in 1933 and abandoned the remnants of the system in 1971. The gold standard was completely replaced by fiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and for Nigeria, it is the naira.

Fed’s QE Unwind Continues at Full Speed in April



https://wolfstreet.com/2019/05/03/fed-balance-sheet-drops-46-bn-in-april-qe-unwind-reaches-580-bn/

Friday, January 18, 2013

Saturday, September 29, 2012

Saturday, September 22, 2012