All Posts Tagged With: "Money"

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Zimbabwe Central Bank Trying to Do What Didn’t Work in the U.S.: Back Currency With Gold

A better question might be, can Zimbabwe learn from the U.S. failed attempt to back currency with gold and just as important, can U.S. citizens learn from the Zimbabwe crisis?

21Aug2009 | Doug Digger Eberhardt | View Comments | Continued
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How Gold Would Be Used In Hyperinflation

Gold, during the time of a hyperinflation scenario, unlike paper money, would be “perceived” as having value as it has for centuries. The U.S. dollar however, wouldn’t have any perceived value under this scenario. So a better question to answer would be, what would you use as a medium of exchange sans gold since no one will want U.S. dollars?

19Aug2009 | Doug Digger Eberhardt | View Comments | Continued
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Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article

24Jul2009 | Doug Digger Eberhardt | View Comments | Continued
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Gold and the EURO Connection; Another Nail in the U.S. Dollar Coffin?

Another story was developing at this time; the EURO had bounced off its lows and become a much stronger currency. As the dollar was sinking from its high in 2002, and the uncertainty of what affect Central Bank sales would have on the price of gold, the EURO became the only other “safe haven” in the mind of those who were looking to get out of the dollar.

14Jul2009 | Doug Digger Eberhardt | View Comments | Continued
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Challenging Financial Advisors on the Need to Diversify Into Gold

What financial advisor’s need to do is prepare their clients for the coming inflation as a result of all this government spending. What financial advisor’s need to do is diversify their clients into gold.

8Jul2009 | Doug Digger Eberhardt | View Comments | Continued
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What Really Backs the U.S. Dollar?

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money and for the first time had no currency with any gold or silver backing.
This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government. In other [...]

24Jun2009 | Doug Digger Eberhardt | View Comments | Continued
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The Demise of GM and How the U.S. Is On the Same Course “As GM Goes, So Goes the Nation”

I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed [...]

22Oct2008 | Doug Digger Eberhardt | View Comments | Continued
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The Fed Is Relevant…. For Now…. However…..

Is the Fed relevant or do they cause more harm than good?
The answer is “yes,” they are relevant, as long as people still think the Fed is relevant. The real question that needs to be answered however, is how much longer can the Fed keep playing this game and pulling the wool over the People’s [...]

18Sep2008 | Doug Digger Eberhardt | View Comments | Continued
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Did you hear the other government rumor about gold?

Did you hear the other government rumor?
Alchemist finds a way to produce unlimited amounts of new gold at essentially no cost.
I’m just waiting for that one….
(Bernanke even made reference to it with a parable in his 2002 speech.)
Here’s what he also said in that 2002 speech; “Like gold, U.S. dollars [...]

18Sep2008 | Doug Digger Eberhardt | View Comments | Continued
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America’s Infrastructure In 2009: Grade “F”

In 2005, the American Society of Civil Engineers (ASCE) came out with a report card on America’s Infrastructure. The overall grade from the 2005 report was D, down from a D+ in 2001. William Henry, president of the ASCE, said; “Since the time our infrastructure was last graded in 2001, [...]

14Jul2008 | Doug Digger Eberhardt | View Comments | Continued
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