Category: Fiat Currency
The analysis published under this category are as follows.
Tuesday, September 14, 2010
The Curse of Fiat Money, Preventing the Banking Industry from Shrinking / Interest-Rates / Fiat Currency
By: Thorsten_Polleit
It may come as a surprise to many, but the relative size of the US commercial-banking industry has not declined following the so-called credit-market crisis, which developed in the second half of 2007. On the contrary, it has increased since then. While nominal GDP rose 4.2% from the second quarter of 2007 to the second quarter of 2010, banks' total assets rose 18.4%.
Monday, September 13, 2010
Three Steps to Your Monetary Freedom / Personal_Finance / Fiat Currency
By: LewRockwell
Richard C.B. Johnsson writes: What is needed for us to have real monetary freedom? Do we have to repeal legal tender laws? Abolish the central bank? Introduce a gold standard? Denationalize money á la Hayek? Or perhaps to introduce some other major policy change?
Not really. We just have to use some magic, some monetary magic.
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Wednesday, September 08, 2010
Currency and Banking Reform in 19th-Century Britain / Economics / Fiat Currency
By: Matt_McCaffrey
As banks — central and otherwise — falter and fail across the globe, it is increasingly obvious that the problems of monetary policy that we face run deeper than merely finding the correct adjustment to a Taylor rule. It is trite but nevertheless true to say that great monetary reforms are necessary. The purpose of this article is not to argue for particular policies, but to examine a particularly important historical example of how (and how not) to go about monetary policy and reform.
Monday, August 16, 2010
The Connection Between Debt and Money Under Fractional Reserve Banking / Economics / Fiat Currency
By: Robert_Murphy
Is Our Money Based on Debt?
Different groups often notice different aspects of the same phenomenon — this is the point of the famous tale of the blind men encountering an elephant. When it comes to the Federal Reserve, Austrians usually focus on how its tinkering with interest rates leads to the boom–bust cycle.
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Thursday, August 05, 2010
No More Dollar, Pound, Yen, or Euro,The New Push for a Global Currency / Currencies / Fiat Currency
By: LewRockwell
You surely didn't think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man's hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us.
Thursday, August 05, 2010
Major Frauds of Humanity / Politics / Fiat Currency
By: Shelby_H_Moore
Every one of us is a thief. That includes YOU and me.
We must expect bad outcomes when we are all stealing from each other every day. We have created a system of stealing and we are all complicit in it. When new money is created, purchasing power (value) is stolen from every person holding any money.
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Wednesday, July 14, 2010
Liquidations & Devaluation Nations, BIS Data Points to Currency Collapse 2011 / Currencies / Fiat Currency
By: GoldSilver
Hey Mike, what would you do if you were elected the head of the U.S. Federal Reserve today?
"The first thing I would do is quit the second I got elected! I wouldn't want to be in charge of the Federal Reserve right now."- Mike Maloney
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Saturday, June 26, 2010
Suiting Up for a Post U.S. Dollar World / Currencies / Fiat Currency
By: John_Browne
The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an apex, prime ministers and presidents are forced into a Sophie's choice between social unrest and bankruptcy. But with the "Club Med" economies set to fall like dominoes, the US Treasury market is not yet acting the role we would have anticipated.
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Thursday, June 17, 2010
Mr. Denninger and Gold, A Rebuttal to All Fiat Money Apologists / Currencies / Fiat Currency
By: Gordon_Gekko
The last post saw almost a holy war break out between the opposing camps of paper-bugs and the gold bugs (truth-bugs, really) resulting in a record number of comments (1) (645 at last count) the highest for any post on ZH – ever (pending Marla’s confirmation of course. Where are you, Marla?). I wish to thank everybody who participated in the discussion for their insightful comments and feedback.
Tuesday, June 08, 2010
Weaker Euro May Kill Russian Ruble and Industry / Currencies / Fiat Currency
By: Pravda
The dollar rate may drop from the current level of 31 to 28 rubles per dollar by the end of 2012, whereas the Russian ruble may grow against major currencies of the world by 20 percent, a report from the Ministry for the Economic Development of the Russian Federation said. The growth of the Russian currency may occur even faster due to the weakening of the euro, the ministry’s moderately optimistic forecast for 2011-2013 said.
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Wednesday, June 02, 2010
The Euro is Doomed, But So is the U.S. Dollar / Currencies / Fiat Currency
By: Claus_Vogt
Greece has made it obvious: The euro is doomed. This fact had been obvious to all the euro critics from the very beginning. All the arguments against the possibility of a common currency for very disparate countries had been raised, but brushed away by overzealous politicians.
They’ll learn their monetary lesson the hard way in the coming years.
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Wednesday, June 02, 2010
Special Drawing Rights Emerge in European Bailout / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
SDRs, or special drawing rights, are a type of off-the-wall currency floated around the International Monetary Fund. In order to keep everything clean, orderly and honest, (as much as it can be with an institution more powerful than most national governments), the IMF created the SDR to easily exchange a country’s reserves for individual currencies. When a country possesses 1 SDR, they actually own a basket of world currencies, and many suspect SDRs could soon become the world's reserve currency.
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Monday, May 17, 2010
We Are Still In The Early Stages Of Major Currency Devaluations / Currencies / Fiat Currency
By: Miles_Banner
For the year the gold price is up 10.25% in US dollars, 22.38% in Euros, and 27.85% in pounds (London PM fix). The HUI gold index is up 13.38% and the SPDR gold shares (GLD) is up 9.61%.
In the aftermath of the recent bail out by the IMF and ECB the markets are continuing to undermine the euro.
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Friday, May 14, 2010
U.S. Dollar, Euro and Other Fiat Currencies Beyond the Point of No Return / Currencies / Fiat Currency
By: Casey_Research
Bud Conrad writes: We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.
Thursday, May 13, 2010
Euro, Dollar, Not a Single Set of Cojones In the Bunch / Currencies / Fiat Currency
By: Graham_Summers
Europe officially joined the Moral Hazard club in a big way over the weekend. Having put off the “Greek” issue for five months they finally caved, launching a $1 trillion bailout AND their own variation on the Fed’s Quantitative Easing Program at the same time.
Wednesday, May 05, 2010
The Fiat Money End Game / Currencies / Fiat Currency
By: Michael_S_Rozeff
Jim Sinclair has a slogan "QE to infinity." That's "Quantitative Easing to infinity." That's inflation to infinity. That's the case for gold and silver in a nutshell. I think he's right. I'd like to explain why I think he's right, but in a roundabout way that gives me a chance to express some of my thoughts on the financial crisis we are observing.
Friday, April 30, 2010
If the Euro Collapses, What Will Happen to Fiat Currencies? / Currencies / Fiat Currency
By: Julian_DW_Phillips
Let us start off by saying that we do not see the Euro collapsing and being shelved, at least not yet, anyway. No exit process was written into their rules anyway. But it is technically possible, so better to be forewarned. What would prompt such a collapse? The future of the Euro lies in the hands of its members, especially Germany - the richest and strongest member of the Eurozone. It would be because the leading member [Germany]) felt it to be in their national interest(s) to let it fall.
Sunday, April 25, 2010
A Closer Look at China's Currency Manipulation / Currencies / Fiat Currency
By: MISES
Jonathan Finegold Catalán writes: There is much disagreement on how the United States should deal with China's persistent devaluation of the yuan. Worse, there is still substantial confusion on the actual effects of an undervalued yuan on capital markets, "trade deficits", and the economy in general. The most widely accepted and common theory goes something like this: currency devaluation helps China by boosting its exports, and hurts the United States by widening the "trade deficit." Indeed, President Barack Obama recently suggested that the United States needed "to make sure our goods are not artificially inflated in price and their goods are not artificially deflated in price; that puts us at a huge competitive disadvantage."
Saturday, April 24, 2010
Watch the Euro for Important Clues on Global Financial Markets / Currencies / Fiat Currency
By: Bryan_Rich
If you’re looking for clues on where stocks, commodities and global economies are headed, you might be better served keeping a close eye on the euro, rather than on the incoming stream of corporate earnings reports.
Monday, April 19, 2010
The Search for a New World Reserve Currency / Currencies / Fiat Currency
By: OilPrice_Com
Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency. It had the mass, in terms of volumes of available currency; it had the backing of an indisputably wealthy national asset base to move away from the gold standard; it had stable governmental backing.