“I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve already done it. It’s called a nickel.”
―Jay Leno
With the recent spate of bank failures, public concern has gravitated to the solvency of our money itself. Many have raced to withdraw a portion of their savings in cash. Others have looked to move it into alternate investment vehicles like I-Bonds or Treasury Bonds, commodities like gold or silver, and even cryptocurrency.
With the coronavirus pandemic and government attempts to shutter and then manage a shuttered economy came massive injections of new cash and record inflation. This inflation resulted from an increase in prices based on an expansion in the supply of money without a corresponding expansion in the supply of goods. When the Federal Reserve moved to tamp down this inflation by increasing interest rates to retract the available […]
Read the Whole Article From the Source: www.americanthinker.com
