Commentary The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasn’t happened yet. If the dollar loses its status…
What Will You Use as Money If the Dollar Dies?
June 30, 2023
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IN-DEPTH: Texas Lawmakers Consider Creating Gold-Based Digital Currency for Use by Anyone Anywhere
May 16, 2023
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Texas could become the first state in the nation to issue its own digital currency based on gold and silver. The Texas Senate could vote on Senate Bill 2334 this week. A similar bill in the Texas House, House Bill 4903, did not advance. If the Texas digital currency proposal becomes law, money could be spent with a debit card…
Samsung Presses Ahead With Central Bank Digital Currency Technology
May 16, 2023
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Samsung said it would press ahead with central bank digital currency (CBDC) technology in South Korea. The South Korean tech giant is planning on launching a CBDC currency in collaboration with the Bank of Korea (BOK). CBDCs are central bank-issued and controlled digital currencies that can be exchanged using blockchain or distributed ledger technology. Central…
Interest Rates May Need to Remain High ‘For Longer’ to Tame Inflation: Bank of Canada Governor
April 18, 2023
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Bank of Canada (BoC) Governor Tiff Macklem says interest rates may need to stay higher “for longer” in order to return inflation to its 2 percent target. “When the [BoC’s] governing council met last week, we discussed whether we’ve raised rates enough, and we considered the likelihood that the policy rate may need to remain…
The (Block) Chaining of America
March 29, 2023
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Commentary We live in the Age of Deception. Calling something what it truly is, is a rarity these days. Big Lies, Bad Outcomes, and No Consequences For example, the Biden administration’s “Inflation Reduction Act” actually raised prices on fuel and utilities, hurting middle-income Americans the worst. The law did exactly the opposite of what the…
Can the CBDC Be Stopped?
March 24, 2023
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Commentary In the year 1900, following two decades of debate about the future of American money, L. Frank Baum wrote “The Wonderful Wizard of Oz,” which served as the template for the greatest of all American movies. The story is about much more than it seems. Beneath the surface, it is an attack on ruling-class…
Don’t Fear Central Bank Digital Currency, Embrace It Instead
March 15, 2023
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Commentary Last week, South Dakota Republican governor Kristi Noem rejected a bill (HB1193) to update the Uniform Commercial Code (UCC) with her own unique “brand” of veto. The veto came because Noem opposed the bill’s language outlawing Bitcoin and other cryptocurrencies, but allowing a central bank digital currency (CBDC), which is issued by governments. Noem…
Bank of Canada to Consult Canadians on Digital Currency in 2023, Says Governor
The Bank of Canada is moving out of its research phase into a central bank digital currency and going into the development phase, its governor said on Dec. 12, with consultations on the issue to take place with Canadians in 2023. “I think over time, it is conceivable that in a more digital economy, it…
From COVID to CBDC: The Path to Full Control
Commentary It’s seemed evident for a while that the current fiat monetary system is, at best, unstable. At worst, it’s a Ponzi scheme whose time has expired. If that’s the case, I suspect the central bankers and 0.1 percent know this and might be prepared to usher in the new system before the old one collapses…
A Digital Dollar Is Coming—Americans Should Be Concerned
October 19, 2022
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Commentary In 1861, the U.S. government began issuing paper money. Since then, for more than a century and a half, cash has been king. Very soon, however, there will be a new king in town. This king will be known as the digital dollar. A large number of Americans still believe, somewhat naively, that cryptocurrencies…
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