Category: Fiat Currency
The news items published under this category are as follows.
Saturday, July 04, 2009
Green Shoots of Economic Recovery and Other Bernanke Lies / Politics / Fiat Currency
By: LewRockwell
"And I don't give a damn about a greenback dollar. Spend it as fast as I can."
~ Hoyt Axton and Ken Ramsey, 1962
Sunday, June 21, 2009
The Crime of Committing Sound Money / Politics / Fiat Currency
By: LewRockwell
Betsy Hansen writes: Until we abolish legal tender laws, all attempts on the part of entrepreneurs to set up gold and silver banking institutions will be labeled as "a tax evasion scheme to hide income."
Wednesday, June 17, 2009
BRIC Countries Flying Kites For Independence from the American Financial System / Currencies / Fiat Currency
By: John_Browne
This week, the BRIC countries (Brazil, Russia, India, and China) conspicuously gathered in Moscow for their first-ever economic summit. Although these countries are divided by culture and geography, they are united by healthy economic growth and their concern about unprecedented levels of U.S. debt and the safety of their respective reserves.
Sunday, May 31, 2009
Panacea For a Mismanaged Nation is Inflation of the Currency / Currencies / Fiat Currency
By: Michal_Matovcik
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” Ernest Hemingway
Saturday, May 23, 2009
Lack of a Credible Alternative Global Currency to the U.S. Dollar / Currencies / Fiat Currency
By: Pravda
A crisis is not a good time for seeking alternatives to the US dollar. Most likely, the dreams about new regional currencies will be put aside. The countries, which originally supported those ideas, gradually change their minds. The United Arab Emirates refused to participate in the Arab currency union. The expansion of the euro zone is not likely to happen in the nearest future. The Russian ruble is no longer ambitious either.
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Thursday, May 21, 2009
How to Become An INSTANT Billionaire! / Currencies / Fiat Currency
By: Investmentscore.com
To measure ones wealth, the "price" of ones assets is not very important but the "purchasing power" or "relative value" is very important. Understanding this difference may be one of the most important concepts an investor can learn. To become an "instant billionaire" simply measure the "price" of your investment portfolio in Zimbabwean Dollar's instead of your local currency.
Thursday, May 21, 2009
The Fiat Currencies Death March, Got Gold? / Currencies / Fiat Currency
By: Darryl_R_Schoon
The past has condemned us. Only the future can save us- We live in extraordinary times. Poised between the past and the future, never has the present been so uncertain. But, when certainty comes, it will be in the form of a scythe and ducking will be the only option.
Thursday, April 30, 2009
Aristotle and the Definition of Money / Commodities / Fiat Currency
By: John_Lee
There are countless tips on how to make money. This article is not about that. Rather, we examine the definition of money, what makes good money, and how some bad monies stay bad while others have become acceptable through new ideas and technology. In the end we will talk about how money and currency will evolve in the future.
Friday, April 10, 2009
U.S. States Start to Print Their Own Currencies / Politics / Fiat Currency
By: Pravda
Many U.S. communities are creating their own currencies now. They try to help consumers and companies to fight the global financial crisis and the recession . Read full article... Read full article...
Friday, March 20, 2009
The Great American Banking Experiment with Fiat Currency / Economics / Fiat Currency
By: Andy_Sutton
One of the most common questions that folks who are becoming newly acquainted with terms like ‘fiat money' and ‘fractional reserve banking' are asking is “How did we get here?” For sure, the recent publicity of 21 st Century Tea Parties along with the occurrence of the worst financial crisis in recorded history has people asking questions. In terms of the American obsession with central banking and fiat currency, 1913 is generally identified as the point where the country went wrong. In truth, however, our obsession with funny money has transcended all; including even, the birth of the nation. Read full article... Read full article...
Friday, February 27, 2009
Money Supply and the Purchasing Power of Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
1. Introduction - In this paper, we analyze the value of money. We consider both paper money and gold. We attempt to relate the supply of money (MS) and gold to their purchasing power (PP). We demonstrate the extent to which printing of money dilutes its value. As a store of value, the value of money is represented by its purchasing power. We compare the ability of paper money and gold to function as a long-term store of value. We conclude that gold is an excellent store of value, while paper money is not. We observe that excessive printing of paper money is the ultimate cause for the inability of paper money to function appropriately as a store of value. Read full article... Read full article...
Wednesday, February 25, 2009
The Euro – Are There Any Hard Currencies Left? / Stock-Markets / Fiat Currency
By: Axel_Merk
With gold reaching $1,000 an ounce and posting new highs versus all currencies, are there any hard currencies left? Over the past 100 years, we have moved further and further away from the gold standard. We see no indication for that trend to reverse; if anything, it may accelerate. As a result, we have cautioned long before this credit crisis erupted that there is no such thing as a safe asset anymore; investors may want to take a diversified approach to something as mundane as cash. This lack of confidence in cash goes beyond “cash equivalents” such as money market funds, commercial paper, auction rate securities, to currencies themselves. We all rely on cash for liquidity, but are concerned about purchasing power. Read full article... Read full article...
Friday, February 20, 2009
Protect Your Wealth from Collapsing Monetary Systems / Commodities / Fiat Currency
By: Oxbury_Research
“How To Preserve Wealth During Crises... And Why Central Banks Are Bad For Your Financial Health”
Last week we talked about the grave dangers of a Depression and recent media discussion as to whether or not we're about to enter one (or already are). That of course raises the question: if worst comes to worst, how did investors survive the last one?
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Thursday, February 19, 2009
Fiat World Money Printing Mathematical Model / Economics / Fiat Currency
By: Mike_Shedlock
In a fiat world, money is printed into existence by the central bank - in the United States the Fed. Given there is nothing backing up this money, it is inherently worthless. However, one can think of as real. It was printed (even if only electronically), therefore it exists. In addition to the previously mentioned money supply, fractional reserve lending allows credit to be extended by banks and financial institutions on top of that inherently worthless money. Indeed, banks and financial institutions have leveraged credit to base money at ratios of 30-1, 50-1 or even higher.
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Thursday, February 19, 2009
Fiat Moneys Created by the Goldsmith Owned Central Banks- Goldsmiths Part XXXIV / Politics / Fiat Currency
By: Robert_Bradshaw
The London Financial Times of Feb 11, 2009 had a provocative article by Martin Wolf on “Why Obama's New Tarp will fail to rescue the banks.” Wolf opened his presentation by asking— “Has Barack Obama's presidency already failed?” Read full article... Read full article...