Some Common Cents for July 17th 2015

July 21, 2015, by John Norris

This week, I met with several people who are very concerned, extremely even, the worst case scenario is fast upon us. By that, I mean a global economy which doesn’t accept the US dollar, or any other intrinsically worthless paper currency, as a medium of exchange. Obviously, such a world would be unpleasant, at best. At worst, it would play out like a post-apocalyptic nightmare. It doesn’t take too much imagination to go down that...

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The US Currency (btw…bonus points if you make it to the end of this post)

June 16, 2015, by John Norris

Recently, I have been reading about the impending collapse in the US dollar. The arguments supporting said collapse are compelling, when you take them at face value. However, when you take a step back, you can come to a pretty stark realization: the dollar has been collapsing, for lack of a better word, for a very long time. Currencies are nothing more than a medium of exchange and, arguably, a store of value. Today, there...

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Some Common Cents for March 20th 2015

March 20, 2015, by John Norris

This week, a friend forwarded an article by Porter Stansberry to me. In case the name isn’t familiar, Stansberry is a financial commentator who made a lot of hay a few years ago by predicting the impending bankruptcies of GM, Fannie Mae, and Freddie Mac. In truth, folks had been discussing GM’s inevitable restructuring for years, and the question wasn’t whether Fannie Mae and Freddie Mac’s balance sheets were upside down; the question was whether...

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Some Common Cents for October 31st 2014

November 3, 2014, by John Norris

A couple of months ago, President Obama made a comment about social media at a fundraiser. He maintained the world has always been a ‘messy’ place, and suggested US citizens have only just recently been able see just how messy it truly is, thanks largely to social media. You know, I don’t always agree with the guy, but he is right on this. However, I would take it one step further, and purport it is...

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