Month: May 2012

States seek currencies made of silver and gold

http://money.cnn.com/2012/02/03/pf/states_currencies/index.htm States seek currencies made of silver and gold By Blake Ellis @CNNMoney February 3, 2012: 10:53 AM ET Email Print Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, more than a dozen states have proposed using their own alternative currencies of silver and gold. NEW YORK (CNNMoney) — A growing number of… Read more →

The Implications of Currency Devaluation Anthony Davies © 1998, Cline & Davies Research Alliance

The Implications of Currency Devaluation Anthony Davies © 1998, Cline & Davies Research Alliance For a currency to be devalued means that the issuing government has mandated that the price of the currency (in foreign dollars) is lower than it was before. For example: if the Russian government changes the exchange rate from 100 rubles = $1 to 150 rubles… Read more →