Article
From Cash To Trash, Rinse And Repeat
From Cash To Trash, Rinse And Repeat
Authored by Frank Giustra,
The Continental dollar, born in 1775, was meant to finance the colonies’ fight against Britain—the American Revolution. What it actually financed was a masterclass in how quickly a currency can evaporate when it has no anchor, no credible backing, and no one willing to stop the printing presses. Hundreds of millions of Continental notes were issued with nothing but the promise of future redemption in gold or silver—which the colonies did not possess in sufficient quantity.
As wartime expenses mounted and the conflict dragged on, the colonies’ solution was a time-honored tactic. Just dig yourself a deeper financial hole by printing more currency. When...
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Authored by Brandon Smith via Alt-Market.us
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Supreme Court Expected To Rule On Cook, Elections, And Trans Athletes
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The U.S. Supreme Court is expected to decide in the coming days whether President Donald Trump can remove Federal Reserve Board of Governors member Lisa Cook from her post - an extraordinary step that would mark the first presidential firing of a Fed official since the central bank's founding in 1913 and directly test the institution's independence from political interference.
The justices, who hold a 6-3 conservative majority, signaled skepticism during January arguments toward Trump's authority to oust Cook. The...
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