When Alan Greenspan Talks Smart People Listen!

 Buy your gold in small increments such as grams. You don’t want to get caught spending an ounce of gold for groceries, when a gram will do!  Go to Inexpensive, small increments of gold is the way to go!
 If you wish to read the entire Alan Greenspan report, you can download it at the link below:
 Get the facts! Instantly download this complimentary Alan Greenspan report and request a gold investor kit from Lear Capital, The Precious Metal Leaders. Be one of the few who heeds the warning signs, takes action, and protects his wealth.
Have you heard Alan Greenspan’s latest warning?

Chances are: probably not. That’s because the mainstream media has largely chosen to ignore the distressing forecasts of a man who served under 3 presidents as Chairman of the Federal Reserve over a span of 20 years. In other words, no one is listening to theone guy who knows better than most when financial disaster is about to strike. And it’s not far off.

The powers that be want us to believe that the economy is fine. Just look at stocks. They’re up. Look at unemployment rates. They’re down.

WRONG! Greenspan is the only one pointing out the underlying fallacy here.Unemployment may be down, but so is productivity growth and GDP. So people are employed, but companies have little to show for it. How is that good for their stock price?

FACT: Productivity growth has been under 1% per year for the last 5 years! Is that how a healthy economy behaves?

But Greenspan has identified another troubling statistic. Capital investment is also grinding to a halt–less than 1% of GDP. Why? Because the Fed has set a precedent of printing money. Why should companies spend their precious profits when the Fed is handing out free money? Well, not exactly free. Those are your tax dollars!

The bottom line is that there is too much debt and not enough growth. The firestorm of financial calamity is hot on our heels. Greenspan has predicted that, when it hits, inflation could “quadruple the cost of living”.

So, if the public won’t take notice of the trouble brewing, what can you do? Mercifully (and ironically), the mainstream’s dismissal of these warnings and red flags actually creates an opportunity for savvy, proactive investors to thwart an attack on their savings and retirement. And even Greenspan, himself, has spelled it out…

“Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

That’s right: that gorgeous yellow metal may be your salvation. Why?

  • Gold has been a form of currency since the beginning of time.
  • Gold has never been worth zero.
  • Gold is up 300% over the past 15 years.
  • When economies tank; historically, gold has skyrocketed!

Gold has the potential to hedge devastating losses in other markets and even grow your portfolio in an economic meltdown. And, best of all, many experts believe that gold is currently undervalued, but too few investors are taking action.

Get the facts! Instantly download this complimentary Alan Greenspan report and request a gold investor kit from Lear Capital, The Precious Metal Leaders. Be one of the few who heeds the warning signs, takes action, and protects his wealth.

 

Not enough money to buy a gram of gold a week? Here is how you can earn it with little effort: Can you spend 10 minutes a day to earn a side income?
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Trump’s Specifics! You’ve asked, Here it is!

Donald Trump — Things You Might Not Know About Him
~an interesting read~
As candidates for president emerge it is important to know where each stands on issues that are important to AMERICA. The USA cannot afford to make another mistake in electing someone with a poor track record of public service, or someone who values illegal invaders more than hard-working, loyal Americans and her military.
Trump, hopefully, is waking some of the RINOs up.  The criticisms of Trump are amazingly​ missing something. They are​ lacking in ​negative stories from those who work for him or have had business dealings with him. After all the employees he’s had and all the business deals he’s made there is a void of criticism. In fact, long term employees call him a strong and merciful leader and say he is far more righteous and of high integrity​ than people may think​.
And while it may surprise many, he’s actually humble when it comes to his generosity and kindness. A good example is a story that tells of his limo breaking down on a deserted highway outside of New York City. A middle-aged couple stopped to help him and as a thank you he paid off their mortgage, but he didn’t brag about that. Generous and good people rarely talk of charity they bestow on others.​
But as much as all this is interesting, the real thing that people want to know is what Donald Trump’s plan is for America. It’s funny how so many people say they don’t know what it is, or they act like Trump is hiding it. The information is readily available if people would just do a little homework. But, since most Americans won’t do their own research, here, in no particular order, is an overview of many of Trump’s positions and plans:
1.) Trump believes that America should not intervene militarily in other country’s problems without being compensated for doing so. If America is going to risk the lives of our soldiers and incur the expense of going to war, then the nations we help must be willing to pay for our help. Using the Iraq War as an example, he cites the huge monetary expense to American taxpayers (over $1.5 trillion, and possibly much more depending on what sources are used to determine the cost) in addition to the cost in human life. He suggests that Iraq should have been required to give us enough of their oil to pay for the expenses we incurred. He includes in those expenses the medical costs for our military and $5 million for each family that lost a loved one in the war and $2 million for each family of soldiers who received severe injuries.
2.) Speaking of the military, Trump wants America to have a strong military again. He believes the single most important function of the federal government is national defense. He has said he wants to find the General Patton or General MacArthur that could lead our military buildup back to the strength it needs to be. While he hasn’t said it directly that I know of, Trump’s attitude about America and about winning tells me he’d most likely be quick to eliminate rules of engagement that handicap our military in battle. Clearly Trump is a “win at all costs” kind of guy, and I’m sure that would apply to our national defense and security, too.
3.) Trump wants a strong foreign policy and believes that it must include 7 core principles (which seem to support my comment in the last point):
·         American interests come first.  Always. No apologies.
·         Maximum firepower and military preparedness.
·         Only go to war to win.
·         Stay loyal to your friends and suspicious of your enemies.
·         Keep the technological sword razor sharp.
·         See the unseen. Prepare for threats before they materialize.
·         Respect and support our present and past warriors.
4.) Trump believes that terrorists who are captured should be treated as military combatants, not as criminals like the Obama administration treats them.
5.) Trump makes the point that China’s manipulation of their currency has given them unfair advantage in our trade dealings with them. He says we must tax their imports to offset their currency manipulation, which will cause American companies to be competitive again and drive manufacturing back to America and create jobs here.  Although he sees China as the biggest offender, he believes that America should protect itself from all foreign efforts to take our jobs and manufacturing.  For example, Ford is building a plant in Mexico and Trump suggests that every part or vehicle Ford makes in Mexico be taxed 35% if they want to bring it into the U. S., which would cause companies like Ford to no longer be competitive using their Mexican operations and move manufacturing back to the U. S., once again creating jobs here.
6.) Trump wants passage of NOPEC legislation (No Oil Producing and Exporting Cartels Act – NOPEC – S.394), which would allow the government to sue OPEC for violating antitrust laws. According to Trump, that would break up the cartel. He also wants to unleash our energy companies to drill domestically (sound like Sarah Palin’s drill baby, drill?) thereby increasing domestic production creating jobs and driving domestic costs of oil and gas down while reducing dependence on foreign oil.
7.) Trump believes a secure border is critical for both security and prosperity in America. He wants to build a wall to stop illegals from entering and put controls on immigration. (And he says he’ll get Mexico to pay for the wall, which many have scoffed at, but given his business successes I wouldn’t put it past him.) He also wants to enforce our immigration laws and provide no path to citizenship for illegals.
8.) Trump wants a radical change to the tax system to not only make it better for average Americans, but also to encourage businesses to stay here and foreign businesses to move here. The resulting influx of money to our nation would do wonders for our economy.  He wants to make America the place to do business.  He also wants to lower the death tax and the taxes on capital gains and dividends. This would put more than $1.6 trillion back into the economy and help rebuild the 1.5 million jobs we’ve lost to the current tax system. He also wants to charge companies who outsource jobs overseas a 20% tax, but for those willing to move jobs back to America they would not be taxed. And for citizens he has a tax plan that would allow Americans to keep more of what they earn and spark economic growth. He wants to change the personal income tax to:
·         Up to $30,000 taxed at 1%
·         From $30,000 to $100,000 taxed at 5%
·         From $100,000 to $1,000,000 taxed at 10%
·         $1,000,000 and above taxed at 15%
9.) Trump wants Obamacare repealed. He says it’s a “job-killing, health care-destroying monstrosity” that “can’t be reformed, salvaged, or fixed.” He believes in allowing real competition in the health insurance marketplace to allow competition to drive prices down. He also believes in tort reform to get rid of defensive medicine and lower costs.
10.) Trump wants spending reforms in Washington, acknowledging that America spends far more than it receives in revenue.  He has said he believes that if we don’t stop increasing the national debt once it hits $24 trillion it will be impossible to save this country.
11.) Even though he says we need to cut spending, he does not want to harm those on Medicare, Medicaid, or Social Security.  He believes that the citizens have faithfully paid in to the system to have these services available and that the American government has an obligation to fulfill its end of the bargain and provide those benefits.  Therefore, he wants to build the economy up so that we have the revenue to pay those costs without cutting the benefits to the recipients. He disagrees with Democrats who think raising taxes is the answer and says that when you do that you stifle the economy. On the other hand, when you lower taxes and create an environment to help businesses they will grow, hire more workers, and those new workers will be paying taxes that become more tax revenue for the government.
12.) Trump also wants reform of the welfare state saying that America needs “a safety net, not a hammock.” He believes in a welfare to work program that would help reduce the welfare roles and encourage people to get back to work. And he wants a crackdown on entitlement fraud.
13.) Trump believes climate change is a hoax.
14.) Trump opposes Common Core.
15.) Trump is pro-life, although he allows for an exception due to rape, incest, or the life of the mother.
16.) Trump is pro 2nd Amendment rights.
17.) Trump’s view on same-sex marriage is that marriage is between a man and a woman, but he also believes that this is a states rights issue, not a federal issue.
18.) Trump supports the death penalty.
19.) Trump believes that there is a lack of common sense, innovative thinking in Washington (Hmmm… looks like he believes in horse sense!).  He says it’s about seeing the unseen and that’s the kind of thinking we need to turn this country around. He tells a personal story to illustrate the point: “When I opened Trump National Golf Club at Rancho Palos Verdes in Los Angeles, I was immediately told that I would need to build a new and costly ballroom. The current ballroom was gorgeous, but it only sat 200 people and we were losing business because people needed a larger space for their events. Building a new ballroom would take years to get approval and permits (since it’s on the Pacific Ocean), and cost about $5 million. I took one look at the ballroom and saw immediately what needed to be done. The problem wasn’t the size of the room, it was the size of the chairs. They were huge, heavy, and unwieldy. We didn’t need a bigger ballroom, we needed smaller chairs! So I had them replaced with high-end, smaller chairs. I then had our people sell the old chairs and got more money for them than the cost of the new chairs. In the end, the ballroom went from seating 200 people to seating 320 people. Our visitors got the space they desired, and I spared everyone the hassle of years of construction and $5 million of expense.  It’s amazing what you can accomplish with a little common sense.  On top of his saving years of construction and $5 million in expenses, he also was able to keep the ballroom open for business during the time it would have been under remodeling, which allowed him to continue to make money on the space instead of losing that revenue during construction time.
Donald Trump’s entire life has been made up of success and winning. He’s been accused of bankruptcies, but that’s not true.  He’s never filed personal bankruptcy.  He’s bought companies and legally used bankruptcy laws to restructure their debt, just as businesses do all the time.  But he’s never been bankrupt personally.
He’s a fighter that clearly loves America and would fight for our nation.  Earlier I quoted Trump saying, “I love America. And when you love something, you protect it passionately – fiercely, even.”   We never hear that from Democrats or even from most Republicans.  Donald Trump is saying things that desperately need to be said but no other candidate has shown the fortitude to stand up and say them.  Looking over this list of what he wants for America I see a very necessary set of goals that are long past due. Before we criticize someone because the media does, maybe we should seriously consider what he has to offer.

Tchaikovsky Flashwaltz at Hadassah Hospital

Tchaikovsky Flashwaltz at Hadassah Hospital.

 

My desire is to bring some such blessing to the World!

I would love to help 1,000,000 poor people rise to a level of upper middle class!

The 1,000,000 can be World-wide, as long as the 1st 100,000 are USA citizens!

Here’s Why We Need Small, Spendable Amounts of Gold!

What Is “Affluent Investor”?

The Collapse of Cash

“With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, … the more attractive your mattress becomes.”  

WHAT’S BETTER THAN YOUR MATTRESS? SMALL AMOUNTS OF SPENDABLE GOLD! CONTACT US FOR DETAILS AT 928-925-8506 OR JOIN AT  https://tinyurl.com/eaglesofgold

Realities and Revelations

, by

image: http://affluentinvestor.com/wp-content/uploads/2013/09/Money-decline.png

Money declineDespite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of monetary manipulations. And has achieved anemic average annual growth of 2.2% since 2010. Therefore, to further demonstrate the failure of money printing to engender economic growth, the dismal Q1 GDP read of just 0.2 % displays the failure of this policy once again. Wall Street Shills have been quick to once again blame snow in the winter for the Q1 miss. However, it is becoming evident that Q2 will not produce any such anticipated rebound.

Markit’s Flash U.S. Services PMI (Purchaser Managers Index) for April indicated that business activity rose at a slower pace than expected. The April reading came in at 54.2, which was below the consensus of 56.2 and below March’s level of 55.3. Adding to the bad news was the Conference Board’s Consumer Confidence Index that hit 95.2 in April. Economists polled by Reuters expected a reading of 102.5. And, the Richmond Fed Manufacturing Index fell into the minus column for the second month in a row at -3 for the start of Q2.

SCARED YET? END THE FEAR, START TO PUT SAVINGS INTO Small, Spendable Amounts of Gold AT

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Things don’t look much better across the globe. The Euro zone Purchasing Managers’ Survey disappointed investors with the German PMI index falling to 54.2, from March’s eight-month high of 55.4. France’s PMI also showed a slower expansion than forecast in the services sector and a worse contraction in manufacturing than predicted. Manufacturing PMI in France decreased to 48.4 in April, from 48.8 in March.

Japanese manufacturing activity contracted in April for the first time in almost a year, as domestic orders and output fell. The Markit’s Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.7 in April, from a final 50.3 in March. The index fell below the 50 threshold that separates contraction from expansion for the first time since May of last year.

We are in our seventh year of record-low interest rates and banks have been flooded with reserves. However, the developed world appears to be debt-disabled. That is, already saturated in debt, therefore unwilling and unable to service new debt due to a lack of real income growth.

So the problem for central banks and governments is how to get the money supply booming in an environment where consumers want to deleverage and save. Zero percent interest rates (ZIRP) are inflationary and negative real interest rates foment asset bubbles and encourage new debt accumulation. For decades central banks have used their control of the price of money to coerce boom cycles that eventually turn to bust. But for the past six years, their foray into ZIRP land hasn’t provided the boom cycle they were expecting. Sure, they have created massive bubbles in bonds and equities– but the economy has yet to enjoy the promised growth that is supposed to trickle down from creating these bubbles. They have set the markets up for a bust, yet the economy never enjoyed the boom.

This has left Keynesians scratching their respective heads and scheming new ways to encourage even more borrowing and spending. The Keynesians who rule the economy now control the price of money but are having difficulty controlling its supply and producing rapid inflation rates.

Bank deposits that pay nothing and ultra-low borrowing costs haven’t proved effective in boosting money supply and velocity growth. The growth rate of M3 has fallen from 9% in 2012, to under 4% today. And monetary velocity has steadily declined since the Great Recession began. Therefore, unfortunately, the next baneful government scheme is to push interest rates much further into negative territory in real terms; and also in nominal terms as well!

You would think this is absolutely absurd but it is already happening. The European Central Bank, has a deposit rate of minus 0.2 percent and the Swiss National Bank, has a deposit rate of minus 0.75 percent, as of May. On April 21st the cost for banks to borrow from each other in euros (the euro interbank offered rate, or Euribor) tipped negative for the first time. And as of April 17th, bonds comprising 31% of the value of the Bloomberg Eurozone Sovereign Bond Index, were trading with negative yields.

Could Negative Interest Rates Arrive In America?

They already have. Beginning on May 1st, JP Morgan Chase has announced they will charge certain customers a “balance sheet utilization fee” of 1% a year on deposits in excess of the money they need for operations. That amounts to a negative interest rate on deposits. Banks formerly competed for your money– now they want to charge you to park it with them.

With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, money on your deposits in the form of a “utilization fee,” the more attractive your mattress becomes. But, as long as paper money and your mattress are available, the Fed will not be able to fully implement its negative rate policy in its quest to create inflation. After all, there would be a global run on the banking system if rates were to fall into negative territory by more than just a few percentage points.

So how can central banks and governments ensure rapid money supply growth and velocity if consumers have the option to hoard cash? Some of the “best minds” in Keynesian thought, like Kenneth Rogoff, have a solution to this. They are floating the idea that paper money should be made illegal and the evidence shows governments are listening. If you outlaw hard cash, and make all money digital, there is no limit to how much borrowers can get paid to borrow and how much savers get charged to save. This would make it unprofitable to hoard cash, and compel people to consume and borrow electronic currency as fast as possible. Money in the bank would become the “hot potato”: as soon as it hits your bank account the race would be on to move it to the next person’s account. Whoever gets stuck with the money when the music ends pays a fee; that would be some increase in velocity! And vastly negative real interest rates would force the amount of leverage in the economy to explode.

This idea sounds fairly Orwellian-allowing central banks to control every aspect of monetary exchange and giving the Federal Government an electronic gateway to every financial transaction. But when you think about it, the idea of a fiat currency and the Federal Reserve were radical ideas before they became common place. Indeed, this is exactly why the authors of our constitution tried to ensure gold and silver would have the final and only say in the supply and value of money.

Just as gold once stood in the way of governments’ desire to expand the money supply, physical cash is now deemed as a fetter to the complete control of savings and wealth by the state. History is replete with examples of just how far governments will go to usurp control of people under the guise of the greater good. Sadly, the future will bring the collapse of cash through its illicit status, which will in turn assist in the collapse of the purchasing power of the middle class. Wise investors would take advantage of the opportunity to park their savings in real money (physical gold and silver) while they still have a chance.

Want to protect your family and save yourself? END THE FEAR, START TO PUT SAVINGS INTO Small, Spendable Amounts of Gold AT

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Start now!  We can’t afford impractical ounces of gold, but small, spendable grams of gold are within the reach of everyone!

If you haven’t started to save, you must get on a weekly, bi-monthly or monthly savings program.  If you try you can save $60 a month!  We all waste that much every ten days or so! Slow down on the Starbucks coffee.  If you are supposed to win the lottery you only need one ticket, not 10!  Stay out of the local casino! Tell your kids “No!” once in a while!  Save a little money in spendable Karat Bars!  Check it out at

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PLEASE READ THIS ARTICLE BELOW FOR A FURTHER UNDERSTANDING OF ECONOMICS!

A specter, to paraphrase the opening line of The Communist Manifesto, is haunting America. That specter is the economics profession itself.

Economics has become immersed in arcane modeling. Modeling does not really work well, as even the cognoscenti sotto voce admit. Consider, for example, at the New York Fed’s excellent Liberty Street Economics: Choosing the Right Policy in Real Time (Why That’s Not Easy). This essay concludes, with refreshing integrity and candor:

In the end, we have shown that policy analysis in the very oversimplified world of DSGE [Dynamic Stochastic General Equilibrium] models is a pretty difficult business. Contrary to what it may sometimes appear from listening to talking heads, deciding which policy is best is very rarely a slam dunk.

Dynamic Stochastic General Equilibrium models? Economics has come to resemble more the model-based pseudoscience of astrology more than the observation-based science of astronomy.

As Prof. Reuven Brenner in Asia Times:

Most people are unaware of the fact that rulers perceived astrology for almost a century as “science” – pretty much as some perceive “macro-economics” these days. Monarchs, such as Charles I, as well as the learned and the nobility relied on Councils of Astrological Advisers. Books, presenting complex geometrical calculations linked to positions of stars, legitimized analyses and forecasts.

Abruptly, after a century, in part due to Galileo’s telescope destroying the science of political lies and hierarchies built on them, the astrological edifice disappeared in a puff – or so it appeared.
Except that macro-economics is now its modern incarnation: Only instead of stars, macro-economists look at “aggregates” gathered religiously by governments’ statistical agencies – never mind if the country has a dictatorial regime, be it left, right or anything in between, or has large black markets, as Italy and Greece do, where tax evasion has long been the main national sport. So let us first forget about this “macro” stuff, whose beginnings are almost a century old, and offer a simple alternative for shedding light on the situation today and on possible solutions, hopefully demolish this modern pseudo-“science” once and for all.

The most popular book demystifying economics of the 20th century was Henry Hazlitt’s Economics in One Lesson. It sold a million copies.

Now, for the 21st century, comes John Tamny, Political Economy editor at Forbes, editor of RealClearMarkets.com (and a friend) again to muck out the Augean stables. Tamny has published a splendid new book: Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics. It reportedly already is going into its second printing. May it, like Hazlitt’s classic, sell a million copies!

If (admittedly a big If) even a single presidential aspirant reads it and takes it to heart Popular Economics could prove a significant factor in restoring what proto-Supply-Sider John F. Kennedy said at the dedication of Greers Ferry Dam: “A rising tide lifts all the boats….”

Big If, yet there’s hope. As I have argued here that great transformations in areas such economic growth policy almost always, in the modern era, have originated in the House of Representatives. I spend a great deal of time inside the Congress and am delighted to report that Tamny’s Popular Economics is written in the terms that Members of Congress speak and think. (Bonus points to Tamny for his many and extensive sports stories, the kind of stuff people actually talk about on Capitol Hill when the cameras are off.)

Tamny loves to be provocative. He’s good at it. He exalts income inequality. He celebrates (organic, rather than government-exacerbated) recessions. Tamny does an especially good job at stripping the bark off the fallacy that career civil servants somehow are smarter or nobler than entrepreneurs and executives in the private sector.

I myself spent several years as a career civil servant in the U.S. Department of Energy. From personal experience I admit to having become not a whit smarter once sworn to uphold the Constitution and issued the laminated badge. Nor were any of my colleagues made of the stuff of Plato’s philosopher-kings. Mere mortals all!

Some of Tamny’s jousts easily could be taken out of context and used, by Progressives and other dirigistes, to satirize his positions. Yet his points, to any fair reader, are clear:

Recessions are the cure for what’s wrong with an economy. They cleanse it of the bad businesses, bad investments, and labor mis-matches that got it in trouble in the first place. When the 1920-1921 recession hit, a wise political class sat back and did nothing, other than lower taxes slightly and slash spending. Unemployment dropped from 11.2 percent in 1921 to 1.7 percent by 1923, and the Roaring ‘20s took off.

Contrast that fast near-10% drop in unemployment with the record of the protracted Great Recession, and soggy recovery in which we are still mired, courtesy of the economic policies of both the George W. Bush and Barack Obama administrations.

Tamny covers a lot of ground in this book, thoroughly covering the Big Four economic policies. Done right these support the achievement of equitable prosperity. Done wrong these mire us in stagnation and income immobility.
Tamny tackles taxes, regulation, trade, and money. He does so by reference to popular culture, making lucid that which, in the hands of less gifted writers, often is dull and dry. (Not for nothing did Carlyle call economics “the dismal science.”)

Here’s an example of how Tamny subtracts the dismal from the science:

Politicians may raise [by taxes] the cost of work for their citizens, but if the cost is too high, those citizens won’t stick around to be fleeced, especially when they’re well-to-do. … [Keith] Richards and the Rolling Stones did just that. (Quoting Richards:)

“The last thing I think the powers that be expected when they hit us with super-tax is that we’d say fine, we’ll leave. We’ll be another one not paying tax to you. They just didn’t factor that in. It made us bigger than ever, and it produced Exile on Main St., which was maybe the best thing we did. They didn’t believe we’d be able to continue as we were if we didn’t live in England. And in all honesty we were very doubtful too. We didn’t know if we would make it, but if we didn’t try, what would we do? Sit in England and they’d give us a penny out of every pound we earned? We had no desire to be closed down. And we upped and went to France.”

Tamny especially impresses with the clarity around the matter of money, to which he devotes five full chapters. For example:

In The Wealth of Nations-the masterpiece that laid the groundwork for the rise of modern capitalism-Adam Smith observed that “the sole use of money is to circulate consumable goods.” That was a throwaway line, for no serious thinker had ever considered money as anything but a measure. Money came into existence because men needed a way to measure the value both of their production and of the consumable goods they sought in exchange for the fruits of their labor. Smith was stating the obvious.

Smith would laugh at all the commentary in the media today about the need for a “strong dollar” or a “weaker dollar to boost exports” or the importance of convincing the Chinese to “boost” the value of the yuan. To Smith, that would be the equivalent of saying “increase the length of the meter” or “shorten the minute” or, because Kim Jong-Un is bothered by his diminutive five-foot-six- inch stature, there is a need to “devalue the foot” so the North Korean dictator can stand ten feet tall. Just as the foot is never long or shot, money should be neither strong nor weak. The foot is a standardized tool to measure actual things, and money should have the same constancy.

Popular Economics has attracted great praise from many of the leading public intellectuals dedicated to economic growth (as well as from no less than George Will). Steve Forbes, in his excellent Foreword, says it best: “By breaking the mold of what modern economics has become and by explaining in an engaging way what economics truly is, Tamny has done humanity an inestimable service.”

Buy Popular Economics.

Be provoked.

Originating at RealClearMarkets.com

Money decline

Read more at http://affluentinvestor.com/2015/05/economics-so-simple-even-politicians-will-understand/#fB1zZGSIBH2SqvXT.99