What Really Backs the US Dollar?

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money and for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government. In [...]

Not So Fast: Is the American Economy Really On Its Way to A Recovery?

Is the recession near the end? Is the American economy on its way to recovery? The answer is probably yes. That’s good news, right? Not so fast, say some economic analysts. And they mean, literally, that the stock market may be rebounding a little too quickly. According to a recent report at Yahoo Finance, the [...]