The Day The Dollar Died

"The price of gold reaches an all time high,despite the devaluation of the dollar and the floating of the Japanese Yen….Germany suspends all monetary exchange indefinitely after buying billions of dollars in a desperate attempt to shore up the traditional currency-leader…International financial experts openly admit that the only way to stave off global economic economic chaos is to institute a new world money system… Computer technology enables every individual in the world to be issued a single credit card and to insure against loss, theft or forgery, its number can be photographically impressed upon the forehead and wrist,visible only under…."
Willard Cantelon Written in 1973

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

GBTV - Do YOU Know What Inflation Is?

The story of inflation in Germany told by a woman who lived through it.

Inflation - a consistent increase in the prices of goods and services over time is known as inflation. During inflationary times, money loses its "buying" or "purchasing" power, and it takes more units of currency to purchase the same units of goods or services. Over time, inflation lowers the value of each unit of currency.

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

New Recession Fears Mounting

The U.S. economy needs to grow by at least a 2.5 percent annual rate, with payrolls expanding by around 125,000 positions a month, just to keep the jobless rate from rising.

Health care and social services payrolls increased by 40,800 jobs, construction added 26,000 workers -- possibly due to rebuilding after Hurricane Irene -- and temporary employment rose 19,400. Temporary hiring is sometimes seen as a harbinger of permanent hiring.

But manufacturing, which has been the pillar of the economy, shed 13,000 jobs, the second straight monthly decline.

Prospects for the nation's 14 million unemployed remains grim.

---

NOTE: To share or email this 'Specific' article, you must click on the Title of the article.

---