gold standard

Turning Away From the Dollar

European debt problems have kept financial markets on edge during much of the last two years, but it is the debt problem in the United States that is far more likely to precipitate a global crisis. Recently, Lawrence Goodman, a former crisis-prevention analyst at the U.S. Treasury, sounded the alarm that investors balked at low coupon rates last year, forcing Read More ›

As U.S. Debt Soars, Dollar May Lose Reserve Status

European debt problems have received a lot of media attention, but it is the debt problem in the U.S. that is far more likely to precipitate a global crisis. Former U.S. Treasury official Lawrence Goodman sounded the alarm recently when he noted that investors are shunning low-yielding U.S. Treasuries, forcing the Fed to buy “a stunning … 61% of the Read More ›

Defense Writer Gold Got It Right Before 9/11

With all the recent media attention that has been given to the G-men memos, secret intelligence reports that vaguely or clearly detailed the terrorist action that came to be known as 9/11, it gives me great pleasure to point out an unknown local author named Philip Gold who also predicted the catastrophe. Here in Seattle we have a man who, Read More ›