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As recently reported on Zerohedge.com it is rumoured that Russia will not take kindly to the proposed U.S. sanctions. If Russia does in fact move to decrease it's dependency on the U.S., it could have a drastic effect on the dollar. As in times past, a weakened dollar could send prices of gold and silver through the proverbial roof. If the situation escalates, will we see an end to cheap gold and sliver? … [Read more...] about Are the days of cheap gold and silver numbered?
The Larkin Company began in 1875 as a small soap factory in Buffalo, N.Y. Pioneering marketing strategies like factory-direct sales, mail order and multi-level marketing, the company grew from sales of $220,000 in 1892 to over $15 million by 1906. By the 1920’s, Larkin was a household name with branch showrooms throughout the eastern half of the United States. Its product line had expanded from a few soap products to packaged foods, pottery, glassware, leather, furniture and other household … [Read more...] about Larkin Merchandise Bonds: A successful Depression-era scrip
Just as in the Great Depression, the 2008 financial crisis resulted in renewed interest in community currencies. With the value of the dollar falling and the stability of the entire financial system in question, many local communities sought to protect themselves against inflation and economic uncertainty. That’s when Bitcoin came along to take the alternative currency world by storm. Independent of any central authority and based upon a cryptographic protocol that ensures the currency cannot … [Read more...] about Mulligan Mint celebrates Bitcoin with new one ounce silver round
Community currencies benefit the community as a whole on several levels, both social and economic. They foster a sense of pride of ownership in the community and encourage local cooperation. They protect individuals against inflation, meaning their accumulated wealth can help them realize their own dreams instead of being redistributed to politically-connected corporations. They even benefit community leaders, who benefit from the job-creating and other economic effects of establishing a local … [Read more...] about Community merchants benefit from community currencies
With the U.S. dollar at a historic low and the Federal Reserve continuing to inflate, interest in alternative currencies is growing. Newcomers may think community currencies are a recent phenomenon. Actually, community currencies have a long history even here in the land of the dollar. The 1930’s saw an explosion in the launch of local currencies. The severe deflation of the Great Depression combined with FDR’s decision to take the U.S. Dollar off the gold standard domestically (it was still … [Read more...] about Community currencies have a long history