Category: Fiat Currency
The analysis published under this category are as follows.
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...
Monday, September 01, 2008
Gold and the Collapse of Fiat Paper Money / Currencies / Fiat Currency
By: Darryl_R_Schoon
The past is not prologue. The coming collapse will not be the same as the Great Depression. It will be worse. Then, it will be better.
Free will, like the idea of free markets, has an unmistakable appeal. Nonetheless, even its most committed advocates did not choose or will their birth, their gender, their proclivities, their talents or their foibles; and whether we wish to be here or not, all of us are now gathered together on the very precipice of extreme change.
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Monday, August 04, 2008
The Four Tires of the Economic Apocalypse Herald the End of Capitalism / Stock-Markets / Fiat Currency
By: Darryl_R_Schoon
The engine used to run on premium, e.g. gold and silver; now it's being run on credit which over time will destroy the engine and everything else.
The euro, the yuan, the yen, and the dollar are The Four Tires Of The Apocalypse , an event that recently appears to have come out of nowhere. It didn't. Its apparently sudden appearance is new only to those who wished to see otherwise.
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Saturday, August 02, 2008
'EURANIUM': The Weaponized Fiat Currency / Currencies / Fiat Currency
By: Alex_Wallenwein
Like its metallic counterpart, the euro currency has the tendency to make other currencies it comes into contact with more like itself – radioactive. The inevitable result is the death of (natural) national currency systems.
The Nature of the Euro-Beast
The euro’s architects have recognized that the worldwide dollar-reserve system cannot be sustained. The reason: The US Fed’s dual – and conflicting - mandate of price-stability and full employment. The Fed was sold to Congress via the ‘hook’ that it would allow Congress to both control inflation and maximize employment if only Congress would agree to set up this version of a central bank in the US.
Tuesday, July 22, 2008
Collapsing Fiat Currency In Need of a Golden Parachute with a Silver Lining / Currencies / Fiat Currency
By: Darryl_R_Schoon
Money served throughout history as a medium of exchange and as a storehouse of value. But when gold and silver coins were replaced by paper currencies, money no longer was the same. Paper money, no longer having intrinsic value, now functions only as a medium of exchange, a function that degrades over time.
The value of paper money continually loses value because the constant printing of paper money constantly dilutes the value of previously printed money. The more paper money printed, the less paper money is worth; and today, money is being printed at a faster rate than at any time in history.
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Tuesday, July 22, 2008
McFadden's Attempts to Abolish the Federal Reserve System / Interest-Rates / Fiat Currency
By: Richard_C_Cook
Louis T. McFadden (1876-1936): An American Hero - Dr. Ron Paul, the Republican candidate for the 2008 presidential nomination, is not the first U.S. politician to point to the abuses of the Federal Reserve System and call for its abolishment. Similar pleas to get rid of the Fed were made by Reps. Wright Patman (1893-1976) and Henry Gonzales (1916-2000), both Democratic congressmen from Texas and chairmen of the House Banking Committee. Read full article... Read full article...
Monday, July 21, 2008
Fiat Faith Based Currencies / Currencies / Fiat Currency
By: Dr_Ron_Paul
The Latin term "fiat" roughly translates to "there shall be". When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government. Fiat money is exchanged in the economy as long as there is faith in the government that issues it.Read full article... Read full article...
Monday, July 21, 2008
China's First Experience with Paper Fiat Money / Economics / Fiat Currency
By: Mike_Hewitt
Paper, one of the four Great Inventions by the Ancient Chinese along with printing, the compass and gun powder, was invented by Cai Lun in 105 A.D. from bark, rags, wheat stalks and other materials. The first historical use with paper money began shortly thereafter around 140 B.C., nearly 1800 years before its arrival in Europe. How this money came to an end is not known.Read full article... Read full article...
Thursday, July 10, 2008
Parasitic G7 Government Policies of Insolvency- Crack Up BOOM Part4 / Interest-Rates / Fiat Currency
By: Ty_Andros
Parasitic governments of the G7 have outgrown the hosts in the private sector and have substituted deficit spending, FIAT currency and credit creation for the policies of wealth creation and growing economies.
As the next chapter in the unfolding insolvency of the G7 financial and banking system progresses, the next round of balance sheet destruction is at hand. Look no further than gold and silver, which it appears is about to embark on their next leg higher in confirmation of the next round of monetary debasement that looms directly ahead. “Volatility is Opportunity ” for the prepared investor and it has created opportunities GALORE in all markets: stocks, interest rates, metals, currencies, raw materials, grains, commodity and energy markets. Which side of these opportunities are you on? The positive or the negative? If it's the latter you have homework to do…
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Tuesday, July 01, 2008
Gold Standard University Live: R.I.P. / Economics / Fiat Currency
By: Professor_Emeritus
Farwell Address: The Inaugural Session of GSUL took place in February, 2007, at the Martineum Academy in Hungary. Subsequent sessions, including one in Dallas, Texas, showed a healthy increase in attendance, on average by fifty percent. Still, I am now forced to announce that Session Four in Hungary in July, and Session Five in Canberra, Australia in November will be the last. GSUL will fold tent as its sponsor, Sprott Asset Management, Inc., has withdrawn its financial support. Mr. Eric Sprott said in his letter that “we weren't attracting enough interest to justify that ongoing expenditure”. Read full article... Read full article...
Sunday, June 29, 2008
The Historic Fate of Paper Money / Currencies / Fiat Currency
By: Mike_Hewitt
"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)
The first well-known widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. 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. By 1455, after over 600 years, the Chinese abandoned paper money due to numerous problems of over issuance and hyperinflation.
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Friday, June 27, 2008
Sinking Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
Fiat money is not directly convertible into a physical commodity at a specified amount. It is a type of credit money through which a central bank issues notes in exchange for interest-paying bonds by the government. The interest on these bonds is paid by the government primarily through the process of taxation. That is to say, by you and me.
Since the interest plus the principle always exceeds the initial amount borrowed, the government must continually borrow more money, at additional interest, in order to repay the central bank, thus beginning an ever-increasing spiral of debt.
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Monday, June 23, 2008
The United States of Fiat Money and the Federal Reserve System / Politics / Fiat Currency
By: Darryl_R_Schoon
Fiat money is an oxymoron. Traditionally, money has been both a storehouse of value and a medium of exchange. Fiat money exists by mimicking both; but when its ability to do so ends, fiat money exposed for what it is, reverts to what it is—government issued coupons with expiration dates printed in invisible ink .
Fiat money distorts the time value of money and in so doing destroys both money and the economies that use it. Real money like gold and silver has value over time, the greater its value and the longer it endures, the more likely it will be accepted as money.
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Sunday, June 22, 2008
How the Fiat Money System Invents Money and What's Gone Wrong / Interest-Rates / Fiat Currency
By: Mick_Phoenix
This week I want to aim the article at those who normally do not frequent financial bulletin boards or sites. You, the reader, need to help me in this cause.
People who read financial BB's are already interested and to some extent (though not always) informed about how certain economic conditions occur and can hold a healthy debate about the cures for such ills.
Tuesday, June 17, 2008
THE BILDERBERGERS Paper Money & Paper Tigers / Politics / Fiat Currency
By: Darryl_R_Schoon
The last shall be first and the first shall be last - Jesus of Nazareth
Nobel Laureate Buckminster Fuller's introduction to his Critical Path is titled, Twilight of the World's Power Structures . Published in 1981, Fuller's book predicted the end of the world's power structures during a process where humanity would undergo a crisis of unprecedented proportions .
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