Posts tagged as:

fiat currency

Inflation & the Four Outcomes of the European Debt Crises

by Wes Bridel on July 12, 2010

in Stewardship

Inflation can be deadly to your financial well being.  We’ve been discussing the factors which could bring serious inflation to this country soon.  Friday, we looked at the reasons that Europe’s sovereign debt crises will be our debt and inflation crises soon.  Today, we’ll follow up by looking at the four possible outcomes that could [...]

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US Dollar – Healthy?

by Wes Bridel on July 5, 2010

in Stewardship

On Friday, we showed you the history of the Dollar. So let’s now look at the U.S. Dollar with eyes wide open and see if this is a fiat currency that can buck the trend of following every other fiat currency into the wastebasket of history…
There are a couple really important things to look at:

Do [...]

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Money in America

by Wes Bridel on July 2, 2010

in Stewardship

Money can be many different things.  We began yesterday discussing the history of money and will now look at this history within the United States.  When the United States Constitution was written, it gave Congress the right to “Mint Money”.  Every intelligent person knew that to be a valid currency, it must be backed by [...]

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Foreign Currency

by Wes Bridel on December 23, 2009

in Stewardship

Savings can be held in any currency.  Of course, other currencies are currently much more difficult to exchange in the US, but if you’ve visited other countries, you’ve probably noticed that currencies other than the national currency are often accepted in many countries.  We’ve noticed over just the last decade that Dollars used to be [...]

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Gold vs. Silver

by Wes Bridel on December 22, 2009

in Stewardship

“He brought out Israel, laden with silver and gold, and from among their tribes no one faltered.” (Psalm 105:37)
When the United States established its currency by setting a value against gold and silver it used a ratio of 15 to 1.  It took 15 ounces of silver to buy one ounce of gold.  This made [...]

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What is the US Dollar Worth? – Fiat Currency & a History of The Gold Standard

by Wes Bridel on November 10, 2009

in Stewardship

The US Constitution established the right of the Federal Government  “to coin Money, regulate the value thereof,” and so in 1792, they did so by establishing the value of a dollar at roughly 1/20th of an ounce of Gold.  So $20.67 bought one ounce of gold.  Today it takes over $1000 to buy an ounce [...]

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