Bob Moriarty comments on the current state of America and its economy
Jay Taylor Media, Released on 3/1/23
When President Nixon abandoned the international gold standard on August 15, 1971, he orchestrated a debt- based global monetary system that enabled the U.S. to rapidly expand its empire. But in that process, debt grew much more rapidly than income so that the United States Federal Reserve found itself on a monetary treadmill that required the Fed to print more and more money at an accelerated rate of speed simply to keep the system from collapse. Other nations like Brazil, Russia, India, China and South Africa (the BRICS), observed America's race toward debt impaired financial lethality and have devised a gold-backed system that now threatens to disrupt dollar hegemony. Robert Moriarty comments on the current state of America and its economy and Quinton Hennigh updates investors in the exciting gold and silver exploration prospects of Irving Resources in Japan.
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.
Bob Moriarty comments on the current state of America and its economy added by Herman James on 02/28/2023View all posts by Herman James ?+'