Silver as an investment

Category Archives: financial history

WealthCycles Video Report – April 2015

Hello and Welcome to the April edition of the WealthCycles Video Report.  In this episode Mike covers all of the big events in the last month that point to a weakening global dollar standard.  If events like these continue at the current rate, it won’t be long before the dollar loses its status as the world’s […]

Wealth Cycles Video Report – February 2015

  Hello and Welcome to the February 2015 edition of the WealthCylces Video Report.  The past month was relatively quiet after last month’s shock of the Swiss National Bank de-pegging from the euro, but a lot of lower profile events took place in the interim.  Be sure to watch this month’s report to get all […]

WealthCycles Video Report – January 2015

Hello and Welcome to the first WealthCycles Video Report of 2015.  We’re only three weeks in and 2015 has already produced some fireworks in the global financial markets. In this episode Mike gets us caught up on the events that will shape the rest of this year and beyond.  He covers: read more

Hungary’s Dubious Honor

Hungary’s Dubious Honor:   Winning the Hyperinflation Title   Hungary is known for a lot of things.  Like the Rubik’s Cube, ballpoint pens, and cathode ray tubes.  But perhaps the country’s most dubious distinction is the fact it was home to the biggest hyperinflation in human history.  If you thought the Zimbabwe Hyperinflation we wrote […]

The Second Worst Hyperinflation

This very short piece was written back in 2006 for my first book, Understanding Money, and though correct at the time, today would be considered mistitled.  Just two years after this was written the Zimbabwe hyperinflation would overtake both Yugoslavia’s, and the previous record holder, Hungary’s, to take the number one spot as the worst […]

Depressions Are Depressing

This chapter of Understanding money remains unfinished.  Still, I believe it is an important chapter because it shows how the good intentions of the Federal Reserve and the U.S. government were the sole cause of the global Great Depression.  I had covered 1930, 31, and the beginning of 1932 when I turned my attention to […]

Bumps, Dips, Bubbles, and Storms – Part 2

Bumps, Dips, Bubbles, and Storms Part 2   The Return To Gold Throughout the 1920s most of the world returned to gold because the Classical Gold Standard had worked so marvelously well before WWI. It was the greatest period of international trade and stability the world had ever seen and the world longed for the […]

Bumps, Dips, Bubbles, and Storms (Part 1)

I had to split this chapter from my first book, Understanding Money, into two parts because of its length. It takes you on the wild economic ride from the end of WWI, the depression of 1921, the Florida real estate bubble, through the roaring 20’s, and ends with the stock market crash of `29. The […]

Law Learns a Lesson – The Mississippi Bubble

This chapter did make it into my book, but the editors watered it down by removing a few paragraphs and all of the colorful quotes from the wonderful little book, Extraordinary Popular Delusions and the Madness of Crowds, written by Charles Mackay in 1841.  I have now restored it to its original state.  All quotes […]

It’s Not Easy Being Green – Lincoln’s Greenback vs. the Confederate Dollar

Here’s another chapter cut from my book. Mike     It’s Not Easy Being Green (Click here) (And here) for the original Lincoln’s Greenback vs. the Confederate Dollar The American Civil War started in 1861.  Soon after it began both the Union (north) and the Confederacy (south) levied taxes, tariffs, borrowed heavily by issuing all […]