Category: Fiat Currency
The analysis published under this category are as follows.
Thursday, July 14, 2011
The Collapse Of Paper Money and The Vertical Move Of Gold / Currencies / Fiat Currency
By: Darryl_R_Schoon
Paper money, invented by the Chinese, first appeared in the West in the 13th century. Brought back from China by Marco Polo and his uncles, author Ralph Foster describes the West’s reaction to the hitherto unseen phenomena of money as a piece of paper.
Friday, July 08, 2011
Worldwide Fiat Currency Race to Debase! / Currencies / Fiat Currency
By: GoldSilver
Take a moment to examine how gold and silver have performed against their fiat currency competition through the first half of 2011.
Gold has appreciated an average of over 3.4% versus over 70 fiat currencies though middle 2011.
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Thursday, June 23, 2011
Hyperinflation Lesson From Starving Billionaires / Currencies / Fiat Currency
By: GoldSilver
As you may all ready know today, for the first era in human history, all currencies of the world are fiat currencies. This means every paper and digital currency around the world derives it's value by mere decree and or force.
Only gold and silver are money, they cannot go bankrupt. For bullion, default is not an option. Silver and gold need no coercion nor decree, they have been and always will be money.
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Thursday, June 16, 2011
Bitcoins Online Currency You Can Trade Like a Stock / Currencies / Fiat Currency
By: Money_Morning
David Zeiler writes: Chances are, you've never before heard of Bitcoins.
So here's a quick primer: Imagine a type of money that you can't put in your pocket, that you can trade like a stock, that you can earn with your computer, that enables anonymous transactions, and most importantly, has skyrocketed in value 399,900% in the past year.
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Monday, June 13, 2011
Facing the Currency Black Market / Currencies / Fiat Currency
By: Submissions
Lonerangersilver writes: In 1980, I was on a three day visit and my first to Santo Domingo, Dominican Republic. I was representing an American fast food chain looking to expand in the Latin Market. I was there to interview a potential franchisee and I was joined by a Food Engineer to evaluate the market for food suppliers, quality of ingredients, prices, marketing, legal work on the brands, real estate, etc. Of special interest was the candidate’s legal and financial standing and his reputation in the business community. I had Interviews with his lawyers, banks, references, etc. We had to do a lot of work in a short time.
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Saturday, June 04, 2011
Making Cents of the Currency Crisis, Gold's Continuing Ascendancy / Currencies / Fiat Currency
By: William_R_Thomson
Business Times Singapore Investment Round Table June 2011
It is hardly surprising that at such a time the price of gold continues to break new records, while the IMF's SDR is back in fashion
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Thursday, June 02, 2011
What Comes After the U.S. Dollar's Demise / Currencies / Fiat Currency
By: Peter_Schiff
THE DOLLAR'S TERRIBLE FATE
My readers are familiar with my forecast that the US dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. The key difference between this collapse and, say, the bursting of the housing bubble is that the US dollar is the backbone of the global economy. Its conflagration will leave a vacuum that needs to be filled.
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Sunday, May 29, 2011
Things Get Curiouser and Curiouser / Politics / Fiat Currency
By: Bill_Bonner
As if it were not strange enough! Microsoft bought a phone company with no phones for $8.5 billion. Then, the public bid up the price of another Internet company, LinkedIn, to the point where buyers were paying more than $20 for every dollar of revenue that came the company’s way. As for profits, they capitalized each one at more than 700 times. At this rate, an investor wouldn’t earn his money back until 2,711AD.
Saturday, May 28, 2011
Fiat Currency Economic Death Spiral Has Been Triggered / Economics / Fiat Currency
By: Gordon_T_Long
For nearly 30 years we have had two Global Strategies working in a symbiotic fashion that has created a virtuous economic growth spiral. Unfortunately, the economic underpinnings were flawed and as a consequence, the virtuous cycle has ended. It is now in the process of reversing and becoming a vicious downward economic spiral.
One of the strategies is the Asian Mercantile Strategy. The other is the US Dollar Reserve Currency Strategy.
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Thursday, May 19, 2011
Living Through A Currency Devaluation / Currencies / Fiat Currency
By: Submissions
Lonerangersilver writes: In 1976 I was managing an American subsidiary of a successful large US Company in Mexico. It had been a financial turnaround for our team. Cash flow had accumulated in our bank in Mexico and corporate didn’t want the money repatriated to the US. Although we had already paid a 35% income tax to the Mexican government, we would have to pay an additional 30% exit tax to repatriate the money. In addition, we would have to pay high fees for the peso/dollar exchange, in order to make the transfer. The company wanted to expand our successful business and so we decided to keep the money in Mexican pesos to be used for further expansion.
Wednesday, April 27, 2011
Currency Dead End Paradoxes, The Besieged U.S. Dollar / Currencies / Fiat Currency
By: Jim_Willie_CB
Several very important currency effects are at work. Most economists are either silent on the factors or wrong footed on the dynamic. That is not surprising since they have been incorrectly analyzing, interpreting, and forecasting the financial crisis as it built up in 2005 and 2006, and as it exploded in 2007 and 2008 to surprise almost all of them, even as it has failed to recover in 2009 and 2010 in contrary fashion to their deceptive rosy positions. The major currencies must be examined for some key paradoxes. As the monetary system crumbles into its final phase, the foundation under which the major currencies stand, trade, and change is breaking down. Refer to the sovereign debt structure, overly burdened by runaway government debt.
Saturday, April 16, 2011
Deflation, Hyperinflation and Stagflation, Where Do We Stand? / Economics / Fiat Currency
By: Jesse
Well, the good news for everyone is that nothing seems inevitable here, that there is almost always a choice, but it is often wrapped up in a nice looking rationale, with all the compulsion of a necessity, for the good of the people. Us versus them in a battle for survival and all that. And clever leaders on the extremes provide the 'them' to be dehumanized and objectified. The leftist wishes to murder the bankers, and the fascist the lower classes and outsiders. The extremes of both end up making life miserable for almost everybody except for a privileged few.
Wednesday, April 13, 2011
Why Monetary Expansion Must Stop / Politics / Fiat Currency
By: MISES
Patrick Barron writes: Introduction: The Illusion of Unlimited Resources
The current problems faced by all the world's economies stem, primarily, from one source: the demise of sound money, whose quantity could not be increased without significant cost, and its replacement with fiat money that can be inflated to infinite amounts at almost no cost to the producer.
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Thursday, April 07, 2011
Government Operations to Sieze Precious Metals, The "Crime" of Private Money / Currencies / Fiat Currency
By: Robert_Murphy
Bernard von NotHaus was convicted last month in federal court on conspiracy and counterfeiting charges for his development of silver "Liberty Dollars." He faces up to 25 years in prison. Earlier this week the feds moved to seize about $7 million of precious metals from the operation as well.
Wednesday, April 06, 2011
Use the Dollar or Else / Politics / Fiat Currency
By: LewRockwell
Look up the phrase "a unique form of domestic terrorism" on a search engine and you will turn up a story about a man whom the US government is trying to cage from now until the time of his death.
And his crime? His unique form of terrorism? He minted silver and copper coins and sold them. In other words, he did what innumerable entrepreneurs from the beginning of time have done. He attempted to provide consumers with a store of value. No one was forced to buy. He met a market demand, and that’s it.
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