Hydrogen Exports as a Specific Special Drawing Rights (SDR) Criterion

May 22, 2017   Background Historically, shifts in reserve currencies have brought pivotal changes in the global balance of power. Beginning with the 15th Century, which marked Western Europe’s global ascendancy, the currencies of the empires of Portugal (1450-1530), Spain (1530-1640), the Netherlands (1640-1720), France (1720-1815), Britain (1815-1920), the USA … Continue reading

Saving the Dollar and Preserving Life

October 8, 2016 “… of the three powers –the power of armies, of alliances, and of money- the third is perhaps the most dependable weapon. Such accumulation of treasure is regarded by other states as a threat of war, and if it were not for the difficulties in learning the … Continue reading

Attack on Paper Money Laws

Paper money, paper money, and paper money! Is now, in several of the states, both the bubble and the iniquity of the day. That there are some bad people concerned in schemes of this kind cannot be doubted, but the far greater part are misled. People are so bewildered upon … Continue reading

The Nixon Shock

The Nixon Shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, the most significant of which was the unilateral cancellation of the direct convertibility of the United States dollar to gold. While Nixon’s actions did not formally abolish the existing Bretton Woods system … Continue reading

The Petrodollar

Petrodollar refers to United States dollars earned through the sale of its petroleum (oil) to another country. Origin In 1971 Richard Nixon was forced to close the gold window taking the U.S. off the gold standard and setting into motion a massive devaluation of the U.S. dollar. In an effort … Continue reading

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