Category: Fiat Currency
The analysis published under this category are as follows.
Saturday, January 12, 2013
A Trillion Dollar Coin for Your Thoughts? / Politics / Fiat Currency
By: Andy_Sutton
The one consolation for insanity is that it usually tends to come full circle and deposit an appropriate amount of egg on the face(s) of the most outspoken proponents. It is no different when the discussion of our broken monetary system comes up. Although I must say, the latest stunt is bold and daring and might very well threaten the one thing that underpins the global monetary system itself, and that is confidence, mixed with a good deal of ambivalence.
Thursday, January 10, 2013
The Real Idea Behind The U.S. Trillion Dollar Coin / Currencies / Fiat Currency
By: GoldSilverWorlds
Paul Brodsky writes: Speaking of monetary abstractionism, there has been recent talk of a fiscal gimmick called “The Trillion Dollar Coin,” in which a platinum coin valued at $1 trillion would be created by the U.S. Mint for the Treasury Department. Treasury would then rid itself of its pesky fiscal deficit in one fell swoop by simply keeping the coin on deposit at the Fed.
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Wednesday, December 26, 2012
Doug Casey on the Morality of Money / Politics / Fiat Currency
By: Casey_Research
Editor's note: Doug Casey is known around the world for many very good reasons. Among investors, he's well known for being a very successful speculator and author. More broadly, his unwavering support of human liberty and his criticism of institutions based on coercion as well as those who support them have made Doug a hero to many... and perhaps public enemy number one to some of those whom he criticizes.
Whether one agrees with him or not, Doug almost always has a singular take on issues and ideas, making his essays and talks highly stimulating. As we approach the end of the year – a time when people often reflect on their progress or lack thereof over the past year across all areas of life – this February 2011 interview of Doug Casey by Louis James on the morality of money seems especially trenchant. We hope it helps you reflect on your relationship with money and investing, and brings a renewed sense of clarity and purpose to your financial activities in 2013.
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Friday, December 07, 2012
Research Shows ALL Fiat Paper Money Systems Eventually Fail / Currencies / Fiat Currency
By: GoldSilverWorlds
We often read or hear quotes like “paper money eventually fail” and “paper money always returns to its intrinsic value which is zero.” In this article, we provide evidence why these statements are true, backed by research in which 599 different forms of paper money have been analyzed. We explain in an easy to understand way what money fundamentally is, how monetary policies of governments are affecting everyone of us and how gold is first and foremost an alternative form of money (for each and every one of us, not only for an elite). Courtesy of Vince Cate for the incredibly valuable research and David Morgan who referred us to the research materials.
Friday, November 30, 2012
Is the World Really Flat? / Politics / Fiat Currency
By: Andy_Sutton
One of the really bad things about a period of crisis, especially when there is a vacuum in terms of real convictions, is that the void tends to be filled with anything and everything. I’m going to devote this week to some of the more absurd comments and theories that have emerged as they pertain to the whole idea of a fiscal cliff, and yet another debt ceiling battle in Washington. However, before we cover the absurdities and get to the ‘fun’ stuff, we need properly arrange the facts.
Friday, November 30, 2012
Sinister Implications of the Cashless Society / Politics / Fiat Currency
By: Patrick_Henningsen
Among the long list of items bundled by consensus reality merchants under the banner of ‘conspiracy theory’, is a world without cash – where technocrats rule over the populace, and everything and anything is exchanged via plastic and RFID chips.
In this sterile and controlled Orwellian hi-tech society, the idea of cash being passed from hand to hand would be as archaic as the thought of carrying around a rucksack of tally sticks today.
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Monday, November 19, 2012
Will USSR Rise From Ashes Through Eurasian Currency? / Politics / Fiat Currency
By: Pravda
The creation of the supranational currency within the scope of the Customs Union is inevitable, Prime Minister of Armenia, Tigran Sargsyan, believes. According to him, this should be the next stage of integration within the organization, which makes sense from the point of view of simplification of currency circulation in transfers. The new currency may see the light on January 1, 2015.
Saturday, October 27, 2012
Central Banks Are debasing More Than Our Currency / Currencies / Fiat Currency
By: John_Mauldin
I can only pass on Societe Generale’s work to you once in a while, but the piece for today’s Outside the Box is important enough that its author, Dylan Grice, worked hard to convince his bosses to let me share it with you. Dylan is one of my favorite investments analysts, as well as just an all-around nice guy.
Friday, October 26, 2012
Money Is Just An Illusion / Currencies / Fiat Currency
By: John_Rolls
John Rolls submits: The illusion of money, uncovering the evil plan behind the federal reserve, the central bank, and the world bank. They have designed a system to enslave you.Money is what most people spend their lives hunting , what if I tell you that today’s money is nothing more than an illusion in your mind , Its value is nothing more than a perception.
Wednesday, October 24, 2012
Central Banks Game Plan: One World Currency / Politics / Fiat Currency
By: BATR
Only those in total denial would claim that the world economies could grow their way out of the debt bubble. Mathematically, the rules of compound interest always destroy the purchasing value of fiat currencies. The era of zero interest rates will end. When the cost to finance debts reverts to normal levels, the bleeding will become a gusher. The world reserve currency status of Federal Reserve Notes will come under enormous pressure. As the central banks consolidate their control over international commerce and the economies of individual countries, the coin of the new realm will shift to a replacement for the U.S. Dollar.
Tuesday, October 23, 2012
Euro-zone Debt Crisis Presents Germany with a Golden Opportunity / Currencies / Fiat Currency
By: MISES
Patrick Barron writes: The euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences of economic chaos, social unrest, and unfathomable human suffering. The cause of the euro debt crisis is the misconstruction of the euro that allows all members of the European Monetary Union (EMU), currently 17 sovereign nations, to print euros and force them on all other members. Dr. Philipp Bagus of King Juan Carlos University in Madrid has diagnosed this situation as a tragedy of the commons in his aptly named book The Tragedy of the Euro. Germany is on the verge of seeing its capital base plundered from the inevitable dynamics of this tragedy of the commons. It should leave the EMU, reinstate the deutsche mark (DM), and anchor it to gold.
Tuesday, October 23, 2012
Currency Wars Part II / Currencies / Fiat Currency
By: Jesse
"All war is based on deception. Of all those close to the commander, none is more intimate than the secret agent; of all rewards none more liberal than those given to secret agents; of all matters none is more confidential than those relating to secret operations." Sun Tzu
"Let Hercules himself do what he may,
The cat will mew, and dog will have his day." William Shakespeare, Hamlet
Wednesday, October 17, 2012
Currency Wars: The U.S. Attacks / Currencies / Fiat Currency
By: Axel_Merk
Doubling down on QE3, the Federal Reserve (Fed) Chairman Bernanke tells China and Brazil: allow your currencies to appreciate. One does not need to be a rocket scientist to conclude that Bernanke wants the U.S. dollar to fall. Is it merely a war of words, or an actual war? Who is winning the war?
Sunday, October 07, 2012
Financial Warfare: Destabilizing Iran’s Monetary System / Politics / Fiat Currency
By: Global_Research
ESFAHAN – Dramatic fluctuations of the Iranian rial triggered small protests among merchants in Tehran’s grand bazaar on October 3rd, 2012. In an attempt by authorities to prevent further devaluation, Iran’s central bank recently issued new limits on the amount of USD available for purchase at a subsidized rate, leading many to panic as the rial fell 40% against the dollar since the start of October. Although the demonstrations were economic in nature, many took advantage of the moment to voice their grievances against the political system, with many crediting President Ahmadinejad with overseeing fiscal mismanagement that has exacerbated Washington’s unceasing barrage of economic sanctions. Ahmadinejad’s political opponents also blame his administration for economic mismanagement, sentiment that is appearing more frequently among Iranian society.
Friday, October 05, 2012
Will Gold Help Iran’s Rial Collapsing Currency Financial Plight? / Currencies / Fiat Currency
By: Jan_Skoyles
Since the beginning of 2012, the Iranian rial has been devalued against the US dollar by over 80%. However, this last week has seen the devaluation gain pace dramatically with the currency falling by 18% on Monday and 9% on Tuesday.
This is causing a crisis in the country where prices have reportedly gone up by between 40 and 70%. The Guardian quotes a housewife in Tehran, “The current crisis evokes the bad old days of the Iran-Iraq war…it’s like the war years, the price today is different from the price yesterday.” Shops are said to be closed or at least trying to refrain from trade as the rial has been turned into one of the cheapest currencies in the world.
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Thursday, October 04, 2012
Iran Hyperinflation - Déjà Vu When Money Dies / Currencies / Fiat Currency
By: Janet_Tavakoli
An important element of national security is the soundness of our currency. Before a currency goes into freefall, its value can be chipped away while a distracted population fails to notice that the currency buys cheaper quality clothing and less food in a package at a grocery store. This can drag on for decades, and sometimes the currency doesn't go into freefall, it simply slowly erodes in value. That's the current situation with the U.S. dollar.
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Friday, September 28, 2012
All Fiat Currency Economies Turn To Banana Republics: America is Next / Politics / Fiat Currency
By: Paul_Craig_Roberts
America, The Next Banana Republic America will become a great nation again when We The People grow a set and admit that we have been duped, abused and used like pawns on a chessboard… when liberals and conservatives alike finally admit that “their guys”are no different from the other on the REAL issues confronting our nation
Thursday, September 27, 2012
The Monetary Times They Are a Changin’, Time for Gold Stock Mania? / Currencies / Fiat Currency
By: Jeff_Berwick
Bob Dylan’s iconic, “The Times They Are A Changin’” starts off with the following lyrics:
Read full article... Read full article...Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone
Thursday, September 27, 2012
Global Currency Wars in Full Escalation / Companies / Fiat Currency
By: Michael_Pento
The worldwide currency debasement war has now entered a new and more deadly phase. Central banks have escalated the combat plan to bring about the world’s weakest currency for their individual countries. On the heels of the Federal Reserve and European Central Bank’s promises of unlimited counterfeiting forever, the Bank of Japan announced last week that it would expand its purchase of Japanese Government Bonds (and other assets including equities) by 10 trillion Yen. This brings the latest round of BOJ intervention to a total of 80 trillion Yen!
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Sunday, September 23, 2012
The Fiat Currency Cyclone Gathers / Politics / Fiat Currency
By: Stephen_Merrill
The present experience of the United States and Europe from the abuse of fiat money has been a recurring drama for millennia. Kingdoms, the reign of pharaohs, oligarchies, dictatorships, republics and empires have imploded from within largely due to discredited money.
The Western Roman Empire fell a thousand years earlier than the Byzantine Romans by debasing the silver content of coinage to fund military adventures. The debasement of the pound helped the sun set across the British Empire. In the last century national fiat currencies have drown in hyperinflation in Germany, Italy, Yugoslavia, Hungary, Zimbabwe and Argentina (three times) to name the ones that come to mind to a Westerner.