By Greg Hunter
Back in the late 60’s and early 70’s prime interest rates averaged 6 or 7 percent.  Back before 1971 it was possible to save money at a reasonable guaranteed rate of return and easily keep ahead of what little inflation there was in the U.S. economy. That was the beauty of honest money that held its value and paid a real rate of return.  In 1971 all that changed when President Richard Nixon took the country off the gold standard and went to a total fiat currency. A …

By Greg Hunter
The uneven form the financial bailout has taken is really quite galling to me.  The headline: Not a single bank president has been asked to step down or a single plan asked for from the big banks. Chuck Prince did leave on his own last November with a 38 million dollar pay package but I would call that “getting out while the getting was good.”   Since then, all the major banks in this country have been at the public Fed begging bowl.  The big money has come from …