This month marks fifty years since President Richard Nixon closed the “gold window” that had allowed foreign governments to exchange US dollars for gold. Nixon’s action severed the last link between the dollar and gold, transforming the dollar into pure fiat currency.
The post From the Nixon Shock to Biden-flation first appeared on Tenth Amendment Center.
The U.S. doesn’t only project power across the globe through its massive military. It also weaponizes the U.S. dollar, using its economic dominance as both a carrot and a stick.
The post Using the Financial System as a Foreign Policy Weapon first appeared on Tenth Amendment Center.
The US economy today is one giant distortion courtesy of the Federal Reserve.
The post One Giant Fed-Fed Distortion first appeared on Tenth Amendment Center.
In aviation, a death-spiral describes the downward, corkscrew-motion of a disabled aircraft that’s unrecoverably headed for a crash. If you pilot an aircraft, you never want to find yourself in a death-spiral — for obvious reasons. Well, The federal government may well be in a death spiral of its own – or perhaps we should call […]
Several times a week, I see Trump supporters touting the rising stock market and “booming economy” as proof of his economic prowess. Sadly, they are being led down a primrose path to ruin. I’m going to sum this up as simply as I can. The economy and the stock market are – to steal a […]
Federal government policy and the Federal Reserve System are the root causes of inflation, instability, and currency devaluation. However, states can take some steps to protect their citizens from the ill effects of America’s unbacked paper money system. The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using…
Michael Boldin and Mike Maharrey talk about some of the latest news in the 10th Amendment and nullification movement including efforts to stop warrantless federal surveillance, nullify federal hemp prohibition and undermine the Federal Reserves monopoly on money.
It's not just social media deplatforming, Wells Fargo and even the Federal Reserve are doing it too. Plus a warning for progressives from the ACLU
Two experts discuss how the Federal Reserve exacerbates the business cycle, debases your money and generally wreaks havoc on the economy.
To hear Donald Trump and his Republican supporters tell it, the economy is booming because of wildly successful Trumpanomics. But I think Trump is setting himself to take the fall when the bubble eventually bursts.