Category: Fiat Currency
The analysis published under this category are as follows.
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.
Thursday, September 13, 2012
Developed World in Financial Decay - How Long Before Fiat Money Collapses? / Currencies / Fiat Currency
By: Julian_DW_Phillips
The Current Scene
Since 2007 and the start of the "credit-crunch" the developed world's money system has been under stress. As a consequence, there has been an economic downturn that government and bankers have not been able to stop, convincingly, in the last five years.
The developed world has decayed to the point that it can't handle another major crisis such as an oil price well into the $100+ area.
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Wednesday, September 12, 2012
Counterfeiting Currency Cruises to Nowhere / Currencies / Fiat Currency
By: Michael_Pento
The European recession, which continues to steepen, has already caused the ECB’s Mario Draghi to promise to purchase unlimited quantities of bonds with duration of 1-3 years on the secondary market. Mr. Draghi plans to “sterilize” these purchases by auctioning one-week term deposits to banks. But there are two problems with this form of sterilization. The first is there is no guarantee that private banks will hand over all of their newly printed money back to the ECB. Instead, they may choose to make loans to the private sector and receive a higher return, causing a rapid increase in money supply growth.Read full article... Read full article...
Tuesday, September 04, 2012
Fiat Currencies get Flushed / Currencies / Fiat Currency
By: Michael_Pento
If the August Non-farm Payroll report produces a number of less than 100k jobs, the chances of QE III being announced on September 13th are close to 100%. However, if the number is north of 100k the odds drop, but are still about 80% on more Fed money printing.
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Saturday, September 01, 2012
Fictitious Fiat Money, the Singularity and Root Cause / Politics / Fiat Currency
By: Joseph_Russo
If we wish ever to acquire an acceptable level of equitable harmony and justice both at home and abroad, it is essential that we maintain a keen understanding of, and a rather critical eye upon "money," which as you may know, in its fictitious form, is the singular root cause of all the world's most intractable challenges.
"In its true and honest form, money is the fruit of all freedom. In its fictitious form, it is the root of all evil."
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Thursday, August 30, 2012
Euro Neck and Neck with Almighty Dollar, Render Unto Caesar Part II / Currencies / Fiat Currency
By: Adrian_Ash
Just what do those bridges and windows on Euro banknotes mean...?
SO IN TRYING to match ancient Rome's monetary reach, the Euro is running pretty much neck-and-neck with the almighty Dollar.
Thursday, August 23, 2012
A History of Exchange-rate Regimes Infographic / Currencies / Fiat Currency
By: Alasdair_Macleod
It’s almost as if currencies are designed to confuse you. In fact, sometimes they even lie to you. Take the pound sterling for example; each 5, 10, 20 and 50 pound note assures you, the esteemed owner, the gracious right to redeem it for… 5, 10, 20 and 50 pounds respectively. Either there’s an awkward “I-give-it-to-you-so-that-you-can-give-it-back-to-me” manoeuvre involved here or somebody’s lying. Well, this quirk and much more is cleared up when recounting the evolution of currency systems over the past two centuries; and as it turns out this history is far more exciting than is usually let on (think political thriller as opposed to economic textbook!). So without further ado here we present a history of exchange-rate regimes from 1821 to the present day.
Friday, August 17, 2012
The Fiat Currency World and Fake Gold Medals / Politics / Fiat Currency
By: Jeff_Berwick
Today, the power of the state has corrupted society absolutely.
This week, fund manager Bill Gross tweeted how unhappy he is that Mitt Romney's VP selection is in favor of stealing less from citizens. He is calling for more theft and yet not a person at the cocktail parties he attends will slight him or call him a violent thief.
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Tuesday, August 07, 2012
U.S. Dollar Debasement, The 100 Year Bust / Currencies / Fiat Currency
By: James_Quinn
A Matter Of Trust – Part Two
This is Part 2 of my three part series on trust. Part 1 addressed the history of bubbles and busts and the role trust plays in these episodes. In the end, truth is what matters.
“Trust starts with truth and ends with truth.” - Santosh Kalwar
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Wednesday, August 01, 2012
On the Road to Freedom From Fiat Money Economics / Economics / Fiat Currency
By: Gary_North
Yesterday was the 100th anniversary of Milton Friedman's day of birth. The Wall Street Journal ran a laudatory article on him.
This year is the 100th anniversary of Ludwig von Mises' Theory of Money and Credit. There has been no article in the Wall Street Journal. The Mises Institute took my advice and held several sessions on that book at its March week-long Austrian Scholars Conference. A book on that book will be published next year. Few people in academia and the financial media will notice.
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Wednesday, July 25, 2012
The Currency Debasement Fallacy / Currencies / Fiat Currency
By: Chris_Marcus
In Frédéric Bastiat’s 1850 essay Ce qu'on voit et ce qu'on ne voit pas, the famous economist introduced the parable of the broken window. He illustrated the principle that intentionally breaking a window just so that someone can subsequently fix it did not actually represent an increase in the net wealth of an economy. Today we will examine a similarly misguided fallacy that has been the foundation of an equally disastrous pattern of economic policy. We will call this the fallacy of the debased currency.
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Wednesday, July 11, 2012
Our Money Is Dying, Don't let your wealth die with it / Stock-Markets / Fiat Currency
By: Dr_Martenson
A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets?
As every effort to re-inflate and perpetuate the credit bubble is made, the words of Austrian economist Ludwig Von Mises lurk ominously nearby:
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Monday, June 25, 2012
Faith, Confidence, and Sound Money / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
A recent study about high, long-term government budget deficits published by the Washington Post indicates that such situations can be statistically linked to significantly lower future growth levels.The National Bureau of Economic Research looked at 26 past examples of when the level of government was running over 90 percent for a five year period or longer.
Sunday, June 10, 2012
The Fiasco of Fiat Money / Economics / Fiat Currency
By: Thorsten_Polleit
Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads to overindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.
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Friday, June 08, 2012
What Is Money, The Greatest Invention Ever? / Currencies / Fiat Currency
By: Peter_Schiff
Today, we're accustomed to thinking of small greenish paper rectangles as the definition of money, and we think of the US government as the only source of money. To honestly discuss sound money, we need to realize where our current money customs came from.
At first, it was every man for himself. You ate or wore what you could pick or catch.
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Tuesday, May 29, 2012
The Disease is our Monetary System / Politics / Fiat Currency
By: Rudy_Avizius
f the American people ever allow private banks to control the issue of currency, first by inflation [bubbles], then by deflation [recession or depression], the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson
Monday, May 21, 2012
Fiat Currency Collapse Dynamics / Currencies / Fiat Currency
By: Alasdair_Macleod
The reason we accept paper money as a store of value is habit. This habit has its origins in history, when banks took our gold as deposit and issued paper receipts for it. The gold has gone, but the paper with its habitual value remains, and we accept it without question. The only backing is a vague government promise.
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Sunday, May 06, 2012
Savings, investment, and the Keynesian preference, a follow-up / Economics / Fiat Currency
By: Alasdair_Macleod
There is a general belief that government finances are somehow immune from the financial reality faced by everyone else – an illusion fostered by bond markets and supported by the public’s wishful thinking. Look no further than the plight of the eurozone for evidence of the reality. Not only that, but history tells us that countries regularly default, yet we continue to buy government bonds in the belief they are less risky than any private sector debt. And if we begin to question the status quo, we are even told by financial regulators that government debt is less risky than anything else. Banking regulation enshrines it in Basel Committee guidelines, and modern portfolio theory – which guides securities regulation – casts it in stone.
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Tuesday, May 01, 2012
It Can't Happen America? It Already Did! / Politics / Fiat Currency
By: LewRockwell
Tim Case writes: "Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed." ~ Friedrich Nietzsche
If there are two things that can be said with all confidence they are that throughout American history the American public has had and continues to have an enduring commitment to owning firearms. Second is the government’s unerring ability to be the sole cause of economic calamities, regardless of how vibrant the markets.
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