Category: Fiat Currency
The analysis published under this category are as follows.
Tuesday, February 03, 2009
The History of Money: Peru and its Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
Peru is the nineteenth largest country in the world and is a diverse land, both in terms of people and geography. It is populated by over 29.2 million people (July 2008 estimate), largely descended from Spanish settlers, native Inca, and pre-Inca cultures. Peru has three national languages: Spanish, Aymara, and the native Quechua, reflecting the native Indian and Spanish roots that cultivated modern Peruvian society. Read full article... Read full article...
Wednesday, January 21, 2009
Currency ETF Trends and a Flawed Monetary System / Currencies / Fiat Currency
By: Tim_Iacono
Surely, at some point in time, some group of wise men somewhere will finally get together and realize that, during an era of excessive speculation, a monetary order where half the world's money floats freely and a good portion of the rest is rigidly fixed to the U.S. dollar is not an optimal system. Read full article... Read full article...
Wednesday, January 21, 2009
Dem Bones is Connected To De Debt Bone / Politics / Fiat Currency
By: Robert_Singer
It is an understatement to say we are experiencing an unprecedented financial crisis along with our world-wide environmental crisis. Neither crisis needs an Austrian economist to explain it. We live in a consumer society and consumers “use things up.” In recent history, this useless, toxic “stuff” comes from China, and this sad state of affairs is so simple to understand that even a child can follow. Just watch the, “Story of Stuff,” a web-based documentary about the dark underside of consumption.Read full article... Read full article...
Wednesday, January 21, 2009
The Collapse Of Capitalism and the Gold Safety Net / Economics / Fiat Currency
By: Darryl_R_Schoon
For Ponzi schemes to succeed, they must expand faster than the request for redemptions. If they do not, they will collapse. This is what happened to Bernard L Madoff Investment Services, the largest Ponzi scheme in history. The same is about to happen to capitalism.
Although capitalism is not a Ponzi scheme, credit-based economies, sic capitalism, and Ponzi schemes share the same fatal flaw. Both must constantly expand or they are in danger of collapse. Today, because capitalist economies are no longer expanding, but contracting, their continued contraction will lead to collapse.
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Friday, January 16, 2009
Worthless Trillion Dollar Paper / Economics / Fiat Currency
By: Mike_Hewitt
Recently Zimbabwe announced that it will issue a new set of notes which will include a 10 trillion, 20 trillion, 50 trillion and 100 trillion denomination. One commentator stated that these notes will be introduced to "keep pace with the hyperinflation that has caused many to abandon the country's currency."
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Saturday, January 10, 2009
Gold Rules Supreme as Fiat Currencies Competitive Devaluation Looms / Currencies / Fiat Currency
By: Ty_Andros
The Crack Up Boom, Part XIV - First I want to wish everybody a Happy and Prosperous New Year.
For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period. “Volatility is OPPORTUNITY” and it is still set to skyrocket as G7 Public servants, financial and banking sectors and their crony capitalist campaign supporters try to escape INSOLVENCY and transfer it to the public. Ultimately they will fail, but the process may take several more years as they BELIEVE they have the ability to print money and create credit out of thin air endlessly.
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Wednesday, January 07, 2009
The Fate of Paper Money, Fiat Currency / Currencies / Fiat Currency
By: Mike_Hewitt
"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)
The first well-documented widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. [1] Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill.
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Friday, January 02, 2009
Anti-Gold:Usura Socialism / Politics / Fiat Currency
By: Christopher_Quigley
Turning and turning in the widening gyre;
The Falcon cannot hear the falconer;
Things fall apart: the centre cannot hold;
Friday, December 26, 2008
The Federal Reserve Abolition Act / Politics / Fiat Currency
By: Stephen_Lendman
On June 15, 2007, Ron Paul introduced HR 2755: Federal Reserve Abolition Act. There were no co-sponsors, no further action was taken, and the legislation was referred to the House Committee on Financial Services and effectively pigeonholed and ignored. It's a bold and needed measure to "abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes."
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Monday, December 22, 2008
The Federal Reserve Bank is the Reason for America's Downfall / Politics / Fiat Currency
By: Darryl_R_Schoon
The American Dream, An Obituary - The American Revolution was an extraordinary event. The idea that freedom was an inherent right, that tyranny could be successfully opposed, that government could serve the people, not the few, was truly revolutionary in 1776—as it is today.
The American Revolution, however, has run its course; and unless resuscitated and given new life, the American dream and the dreams of America 's founding fathers will soon be only a memory. Dreams rarely come to pass and those that do rarely last. The American dream is no exception.
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Monday, December 22, 2008
U.S. Economy Sinking in an Ocean of Newly Created Money / Economics / Fiat Currency
By: Gerard_Jackson
At one time or another we have all heard it said that "you cannot get there from here". Much the same can be said of the current state of the US economy. Every prominent economic pundit is focusing on falling demand as the economy's nemesis. Nouriel Roubini points out that "85 percent of aggregate demand -- consumption and fixed investment -- is now in free fall". It's even worse than that because final demand as it is calculated does not include inter-business spending (spending between the stages of production). If this were taken into account the picture would change from grim to downright scary. That Treasury bills have been trading at negative rates is evidence enough of the markets fearful state. Read full article... Read full article...
Wednesday, December 03, 2008
Bankrupt G7 Print Money to Reflate Economies / Economics / Fiat Currency
By: Ty_Andros
As the G7 economies plunge over a cliff, the governments and central banks are taking turns at fire fighting in their respective economies. With each new initiative the Crack-Up Boom creeps closer and closer on the horizon as G7 public servants and central banks attempt to RESCUE foolish lenders and borrowers from their approaching demise and insolvency. The attempts will fail and insolvency will be brought to the entire G7 financial systems. Never before in history has more been borrowed and printed to rescue global banking and corporate elites from their hubris and stupidity. Mal investments are crumbling to their REAL value, not their inflated NOMINAL value, and as they do, the banks, financial systems and real economies shudder under the repricing. As reality supplants the fairy tales the greatest opportunities are presented to you! Read full article... Read full article...
Monday, November 17, 2008
The Ascent of Money and Descent of Niall Ferguson / InvestorEducation / Fiat Currency
By: Adrian_Ash
"Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal...It's amazing what a tenured professor can earn these days..."
"MONEY IS TRUST , not metal," says Niall Ferguson, Harvard egghead and knit-browed global media star, in his latest book and TV series, The Ascent of Money .
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Friday, November 14, 2008
U.S. Dollar Rallies Due to Global Destruction of Fiat Currencies / Currencies / Fiat Currency
By: Andy_Sutton
While at first glance it might appear that this missive would be about global equity markets, such is not the case. However, it might as well be. With bad economic news rolling off the presses daily, equity markets have taken quite a tumble recently albeit in much quieter a fashion than in late September and early October. It is a pretty good bet that the combination of 516,000 first time unemployment claims this past week coupled with a 2.8% drop in retail sales in October won't help matters much. Read full article... Read full article...
Wednesday, November 12, 2008
US Treasury Bonds Default Avoidance Means Dollar Death / Interest-Rates / Fiat Currency
By: Jim_Willie_CB
LIQUIDATION & USTBOND SUPPORT - The two main factors pushing up the US Dollar have been liquidation of speculative trades funded by it, and redemption of credit derivatives paid in it. These are not signs of any inherent investment in the US Economy itself, but rather its liquidation. Evidence abounds of severe deterioration within the United States, a collapse of confidence, a fall in business investment, ruin in retail demand, an avalanche of job loss, and a spread of corporate breakdown beyond the financial sector. Demands for nationalization have begun outside the financial sector in a wave certain to grow in strength and breadth. Read full article... Read full article...
Wednesday, October 22, 2008
Europe Seeks to Implement New Bretton Woods Fiat Currency System / Currencies / Fiat Currency
By: Mick_Phoenix
Welcome to the Weekly Report. It looks like Europe wants to re-invent the wheel and soundings are being made to introduce a "new Bretton Woods".
Bretton Woods was effectively an exchange rate mechanism, were gold backed the new kid on the world block, namely the post war US dollar and all other currencies floated around the dollar in a fixed range. If a currency moved too far either way of the range then the respective Central Bank stepped in and delivered the appropriate medicine.
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Friday, October 17, 2008
Paper Money Printing and Inflation, a Lesson From History / Economics / Fiat Currency
By: Adrian_Ash
Paper Money Printing and Inflation, a Lesson From History
"You can't blame the king of Persia for printing up money no one could trust. His neighbors in China were doing the same, after all, and with the same inevitable consequences, too..."
Saturday, October 11, 2008
U.S. Congress in Violation of the Constitution, Sumpreme Law of the Land / Politics / Fiat Currency
By: Submissions
Constitution Mandates- Congress shall coin the money and establish the value thereof.Read full article... Read full article...
Sunday, October 05, 2008
$700 Billion Printing of Bailout Monopoly Money, Hedge Your Wealth! / Interest-Rates / Fiat Currency
By: Money_and_Markets
Larry Edelson writes: If you think the biggest cost of the $700-billion bailout package is going to be higher taxes down the road, you're wrong.
The biggest cost is going to be the sheer destruction of the purchasing power of your money, an outright devaluation of the dollar that's going to occur, no matter what.
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Monday, September 01, 2008
Governments Cheat Creditors by Devaluing Currencies / Politics / Fiat Currency
By: Dr_Ron_Paul
Many who agree with me on a lot of other issues, do not understand my enthusiasm for gold and sound money or why I spend so much time studying and talking about monetary policy. It's true that I talk about money differently than most, but the fact is sound money offers many benefits. For example - peace. Read full article... Read full article...