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 [...]

Feeding inflation – The enduring soft commodities boom

Spiralling household costs in the form of energy and food are here to stay. The devastating floods which have battered the crops of Mid West America are the latest in a series of supply side shocks to drive the price of food skywards. To say the world is in the midst of a food crisis [...]