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... created out of thin air, as being the case with paper fiat currencies. It is durable. It can’t be debased as the actual ... promised by all the gold ads. People set the value of a currency. And people set the price of gold. The price ... hard commodities will at least hold their own in relation to those paper fiat currencies. But for those who believe that gold is a good hedge against irresponsible ...
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... on Tuesday.”
Yes. So instead of having central banks inflate the currency in concert, let’s do away with the pretence of sovereignty of nations ( ... to sovereignty) and just flat out have one central bank.
So what should the value of fiat currency be?
Tick, tick, tick, tick, ... does today.
Commodity money is not created out of debt, like fiat is. Debt carries interest; interest paid ...
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... Federal Reserve Chairman from 1987 to 2006, was a critic of fiat money in his early career, arguing in his essay, ... the statists' antagonism toward the gold standard.
Fiat currency has also been criticized by some, such as G. Edward Griffin[/COLOR ... than one (questionable) course on economics, let us examine the question of fiat money in this way ( hence the topic posting under "Society and ...
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... get back to Constitutional coin. What happened at the secret meetings to replace the fiat dollar as the world reserve currency? What of the Federal Reserve? What happened in Germany when their currency collapsed? What happens in America? Can we chart a different course before disaster?
You want the inside scoop on the scam that is global warming’s “ ...
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... deposits (for regulatory and other reasons), then the further abroad you must look to borrow, even if it IS in someone else's currency.
A recent study by the Australian Bureau of Statistics concluded that Australia' ... China boom is sustainable and getting larger. But it's also possible that the Super Cycle in fiat money is reaching a thunderous climax. And after the boom?
Dan Denning
...
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... 8211; only 50 years after the coin shown above was minted. Already, France was dropping two zeros off its currency, because 20 francs could only buy you a few pieces of bubble gum… and the old " ... you stayed in paper money, what a loss! 6 ounces of gold to the Euro! $7000 lost through "time wastage of fiat currency"!
So which kind of "money" are YOU going to set aside ...
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