Cal

On Recent Financial Stories

Does Congress have the foresight to follow our Constitution? It states there in only Congress has the authority to print our money supply(dollars)and based on only Gold and Silver. Both Presidents T.Jefferson and A. Jackson destroyed the Central Banks in their days, because they issued fiat money(non gold backed paper money),causing inflationary boom and bust cycles! The Fed is that today . The elite and Bankers love this as they have incredible cheap buying opportunities during these downturns paying pennies on the dollar for business and houses!
Don Trumph admitted he'll have unforeseen opportunities during this period and the oil companies should be taxed on their excess profits on CNBC in June! Do any of our Statesmen or Reps(Congress0 have the cahones to even attempt this taxation?
John, do you think that the present unfolding of such extreme problems are caused by recent events or have been brewing since U.S. Presidents in 1936 and 1971 forced us and the dollar off the gold standard without Congressional authorization and total disregard to the Constitution?

Is fiat money responsible? Would a single world currency help?
Please Reply,
Cal