Tag Archives: how the monetary system works

how the economy really works

Does the title of this post offend you? Good, because that means you are paying attention. The sad truth is, most people have no clue how the economy works. Zilch, nada, zero. And when I use the word economy, I am referring to the system used in most countries around the world which facilitates you (or robs you) in the process of earning, spending and taxing. In 1971, The United States came off of the gold standard which means that the value of the US dollar was not derived by gold anymore. Since the US dollar was no longer “pegged” … Read More >