Category: Fiat Currency
The analysis published under this category are as follows.
Monday, January 25, 2010
Legalize Competing Currencies / Politics / Fiat Currency
By: Dr_Ron_Paul
Much has been made recently about the supposed economic recovery. A few blips in a few statistics and many believe our troubles are all over. Of course, they have to redefine recovery as "jobless" to account for the lack of improvement on Main Street. But the banks have money, Wall Street is chugging along, and the administration would like to get on with other agendae.
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Sunday, January 10, 2010
In Time of Crisis, Barter Works and May Have Saved Russia in 1998 / Currencies / Fiat Currency
By: Richard_C_Cook
After the collapse of the Soviet Union caused it to split up into its components, the newly-established nations each faced an economic crisis. In Russia the crisis lasted for a decade. Inflation had destroyed the currency. There was no banking sector to speak of. And the central government had failed to monetize the nation’s potential production through a functioning monetary system.
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Thursday, January 07, 2010
Local Currencies, Not Washington Post Platitudes, the Key to Economic Recovery / Currencies / Fiat Currency
By: Richard_C_Cook
Steven Pearlstein, business columnist for the Washington Post, published a column on January 6 entitled, “Recession Over? Not Unless We Make a Major Shift.” The problem is that the “major shift” Pearlstein writes about won’t solve the problem even if it takes place.
Thursday, December 17, 2009
Gulf Monetary Union to Launch Petro Currency, What Does It Mean? / Currencies / Fiat Currency
By: Mike_Shedlock
After years of threats, four of six countries in the Gulf Cooperation Council (GCC) finally agreed to a monetary union with a single currency and central bank.
Saudi Arabia, Kuwait, Bahrain, and Qatar opted in. The UAE and Oman opted out of the agreement.
Wednesday, December 16, 2009
Paper Fiat Currencies Trampoline Jumping / Currencies / Fiat Currency
By: Adam_Brochert
Watching the national paper fiat currencies rising and falling relative to one another can be interesting, but it is misleading for many of those who take it seriously. When the U.S. Dollar Index is rising, Americans are gaining in their standard of living as it takes fewer dollars to buy things, right? Not necessarily
Tuesday, December 15, 2009
Congressman Ron Paul’s “Free Competition in Currency Act” Won’t Solve the Problem But Still Raises Vital Issues / Politics / Fiat Currency
By: Richard_C_Cook
While Congressman Ron Paul’s Free Competition in Currency Act is not a workable proposal, it points to a deeply serious problem with the Federal Reserve System that must be faced if the U.S. economy is to have a future.
Friday, December 11, 2009
Thanks to the Fed We Live in a Crystal Meth Economy / Economics / Fiat Currency
By: David_Calderwood
As I see it, booms and busts are a natural part of human social behavior. Cycles appear throughout history and are part of the dynamism of humanity of which Butler Shaffer so eloquently writes. If this is so, then what role do central banks play in the modern world?
Thursday, December 10, 2009
Economic Crossroads Means Opportunities for Local Currencies / Currencies / Fiat Currency
By: Richard_C_Cook
- The crisis of 2008-2009 exposed the U.S. financial system as being unstable, subject to abuse, and tending to favor the rich while putting everyone else deeper into debt.
Wednesday, December 02, 2009
North Koreans Panic Over Devalued Fiat Currency Revaluation / Currencies / Fiat Currency
By: Pravda
The government of North Korea has launched the denomination of the national currency, the won. All citizens of the country will have to exchange their money for new notes. The nation will cut two zeros: 100 wons will thus have the value of 1 won.
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Sunday, November 29, 2009
Alternative World Reserve Currencies to the U.S. Dollar Part 2 / Currencies / Fiat Currency
By: Bryan_Rich
In last week’s Money and Markets column, I analyzed the three major liquid currencies as prospective alternatives to the U.S. dollar: The Japanese yen, the British pound and the euro. Fundamentally, they all fell short.
As I explained then, these three don’t offer any appeal over the dollar. That’s because the currency market is a beauty contest where the least ugly wins. And not only is the dollar the least ugly, but it offers refuge when fear and uncertainty grip the markets.
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Tuesday, November 24, 2009
Monetary Fraud Means Cold Turkey Thanksgiving 2009 / Commodities / Fiat Currency
By: Darryl_R_Schoon
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).
Saturday, November 21, 2009
Weighing Alternative World Reserve Currencies to the U.S. Dollar / Currencies / Fiat Currency
By: Bryan_Rich
The dollar has suffered a landslide of scrutiny and negative sentiment over the past eight months. Yet just nine months ago it was the currency that every investor and central banker in the world wanted to own! The world economy was on the ropes, and the dollar represented safety.
Since then, fear has gradually abated, optimism has returned and this dollar, safe-haven trade has been reversing.
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Wednesday, November 18, 2009
What Has Government Done to the U.S. Dollar? / Currencies / Fiat Currency
By: Mike_Hewitt
"No legal tender law is ever needed to make men take good money; its only use is to make them take bad money." (Stephen T. Byington)
The U.S. dollar has changed from being a paper certificate for a tangible asset to a fiat currency - a paper note declared legal tender. By looking at the history of American paper money one can clearly see the distinction.
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Friday, November 13, 2009
Expansion of Global Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
The expansion of global currencies has exceeded nine percent over the last year.
This essay investigates which currencies are contributing the most to this development. One hundred currencies from 95 sovereign nations and five monetary unions have been examined.
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Thursday, November 12, 2009
How the Fed Helped Fund World War I / Politics / Fiat Currency
By: John_Paul_Koning
Governments can pay their bills in three ways: taxes, debt, and inflation. The public usually recognizes the first two, for they are difficult to hide. But the third tends to go unnoticed by the public because it involves a slow and subtle reduction in the value of money, a policy usually unarticulated and complex in design.