By Alan Caruba Pundits and experts of every description love to predict and pontificate. That they are often famously wrong doesn’t get the attention it deserves. The Great Depression began on October 29, 1929 with the stock market crash. On October 17th, Irving Fisher, a professor of economics at Yale University, said, “Stocks have reached…
Posts Tagged ‘ US Dollar ’
Looking to the Dollar, Gold and “Mutti” to Save the World
By Alan Caruba The most formidable couple in the world during the 1980s was Ronald Reagan and British Prime Minister Margaret Thatcher. Thatcher, a conservative and a woman of iron will, must be looking across the Channel with some amusement to see how her German counterpart, Chancellor Angela Merkel, is literally the only person keeping…
Paper Money, Real Debt, and Spendthrift Nations
By Alan Caruba As the citizens of the United States and the seventeen member-nations of the European Union look on, a great drama regarding the future of the EU and its currency, the Euro, is occurring. The essential problem is that both the U.S. dollar and the Euro are just so much paper, despite the…
Destroying the Dollar
By Alan Caruba Something I never thought I would ever see in my former hometown, a wealthy New Jersey suburb of New York City, was a Dollar Store, but one opened recently in a former supermarket. Dollar Stores are giving Wal-Mart, Target, and similar outlets a run for their money and it’s not hard to…
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