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The death of paper currency
Posted By -NO AUTHOR- On 07/16/2012 @ 10:54 pm In Front Page,Money | No Comments
In this podcast, Jerry Robinson of “Follow the Money Weekly” talks about the spectacular death of paper money.
Robinson is joined by co-host Jennifer Robinson to evaluate the developments in the U.S. dollar, and to explain the history of fiat currency.
They discuss how the dollar – and “practically all currencies worldwide” – are backed up by nothing but the population’s faith in the government.
Also discussed is a new report about Iran accepting gold in payment for its oil, and what that could have to do with the buildup to more war in the Middle East.
Then Tom Cloud joins the program to talk about the latest events impacting gold and silver prices, and whether investors should get ready for a bounce in the prices.
Later, Certified Financial Planner Jay Peroni checks in to provide a summary of the most recent action on Wall Street in the CFAN Weekly Market Report.
He suggests the economy is remaining sluggish as the Fed remains on the sidelines, and investors are bracing for what could be a very disappointing earnings season.
Podcast is 1:19:10.
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, “Follow the Money Quarterly.”
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