Category: Fiat Currency
The analysis published under this category are as follows.
Wednesday, August 03, 2011
The Story of Money versus Fiat Currency / Currencies / Fiat Currency
By: GoldSilver
Welcome back to another edition of education webinars from the GoldSilver Knowledge Center - The Story of Money explains the history of money creation, how money is different from mere currency and what is fractional banking.
Also discussed is fiat currency, monetary debasement, the average monetary system life-cycle, a history of US debt versus the GDP, and the US debt projected out over 10 years.
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Friday, July 29, 2011
Thoughts on Currency Speculation, Dollar, Breaking Correlation Between the Euro and Gold / Currencies / Fiat Currency
By: Aftab_Singh
A few weeks back, we mentioned that ’we would embrace [a short-term higher high in the dollar index] as an opportunity to take part on the long-side‘. The dollar index has come under some pressure over the past week, so just in case any of our readers were wondering if we’ve changed our minds completely, I thought I’d highlight why we’re sticking to our long dollar position for now (even though the immediate price action hasn’t corroborated this view yet). In the process of outlining our view, I’ll go over our philosophy on currency speculation and consider the breaking correlation between the dollar price of the Euro and the dollar price of gold.
Wednesday, July 27, 2011
Most American's Don't Believe the U.S. Dollar Will Collapse / Currencies / Fiat Currency
By: Jeff_Clark
By Jeff Clark, BIG GOLD : In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.
Tuesday, July 26, 2011
Safe-Haven Currencies: If You Want to Flee the U.S. Dollar, Here Are Four Places to Hide / Currencies / Fiat Currency
By: Money_Morning
Martin Hutchinson writes:
As a young British banker in the inflation-ridden 1970s, I got used to carrying large amounts of German deutsche marks, Swiss francs and Japanese yen in my wallet - to have some security against the lousy performance of the British pound sterling.
Monday, July 25, 2011
Worried about Fluctuating Money Values? Forget it! Start Worrying about Fluctuating Money! / Currencies / Fiat Currency
By: Aftab_Singh
The great worry that hastened the establishment of the world’s central banks was that monies tended to fluctuate in value. Here, I explain how such ‘fluctuating money values’ came about and — importantly — how this attribute has since mutated. Hopefully, by the end of this article it should be clear that it is changing money, and not fluctuating money values, that one should be focussed on!
Wednesday, July 20, 2011
U.S. Dollar Supply and Demand Altered Dynamics, Silver Targets $100 / Currencies / Fiat Currency
By: Jim_Willie_CB
The economic theory in textbooks must be updated to account for Fiat Soft Science. An important third factor determines price. It is not demand, as most Deflationist Knuckleheads claim. It is not supply, as the moronic followers of Laffer Curve advocates insist. Instead, it is the falling USDollar since all commodities are priced in US$ terms. Lower demand will not result in lower commodity prices, since the monetary effect trumps all. The twist lies in the pricing denomination units, not in the Price Demand dynamics. An inflationary recession is deeply rooted in progress, with a depression next to occur. The price effects continue to confuse the dullard economists who have actually foreseen almost nothing in the current ongoing crisis. Their collective value is far less than garbage collectors who tend to the landfills, or landscapers who improve the appearance of home lawns. The crisis toward wreckage all occurs like a wrecked house floating over a waterfall for all to observe in sheer horror, as wealth evaporates and national sovereignty is forfeited to creditors.
Monday, July 18, 2011
The Free Market Currency Manifesto / Politics / Fiat Currency
By: Michael_S_Rozeff
Currency is the blood of human exchange. From currency arise prices, and prices are the air that peaceful exchange breathes, an air that communicates living information. Currency is the division of labor’s partner. Currency is our means to transfer labor and energy through time and space, to bring future goods into commerce today. It is that vital means by which we convey the benefits of our labor to others and they to us.
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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