Category: Fiat Currency
The analysis published under this category are as follows.
Friday, April 30, 2010
If the Euro Collapses, What Will Happen to Fiat Currencies? / Currencies / Fiat Currency
By: Julian_DW_Phillips
Let us start off by saying that we do not see the Euro collapsing and being shelved, at least not yet, anyway. No exit process was written into their rules anyway. But it is technically possible, so better to be forewarned. What would prompt such a collapse? The future of the Euro lies in the hands of its members, especially Germany - the richest and strongest member of the Eurozone. It would be because the leading member [Germany]) felt it to be in their national interest(s) to let it fall.
Sunday, April 25, 2010
A Closer Look at China's Currency Manipulation / Currencies / Fiat Currency
By: MISES
Jonathan Finegold Catalán writes: There is much disagreement on how the United States should deal with China's persistent devaluation of the yuan. Worse, there is still substantial confusion on the actual effects of an undervalued yuan on capital markets, "trade deficits", and the economy in general. The most widely accepted and common theory goes something like this: currency devaluation helps China by boosting its exports, and hurts the United States by widening the "trade deficit." Indeed, President Barack Obama recently suggested that the United States needed "to make sure our goods are not artificially inflated in price and their goods are not artificially deflated in price; that puts us at a huge competitive disadvantage."
Saturday, April 24, 2010
Watch the Euro for Important Clues on Global Financial Markets / Currencies / Fiat Currency
By: Bryan_Rich
If you’re looking for clues on where stocks, commodities and global economies are headed, you might be better served keeping a close eye on the euro, rather than on the incoming stream of corporate earnings reports.
Monday, April 19, 2010
The Search for a New World Reserve Currency / Currencies / Fiat Currency
By: OilPrice_Com
Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency. It had the mass, in terms of volumes of available currency; it had the backing of an indisputably wealthy national asset base to move away from the gold standard; it had stable governmental backing.
Sunday, April 11, 2010
Fed Attacks the Fed as Soros Pumps Up the Press For Another Sterling Devaluation Bet / Currencies / Fiat Currency
By: Mike_Shedlock
In a candid attack on his former colleagues, Poole Says Fed Has ‘Tilted Playing Field’
Sunday, April 11, 2010
Currency Manipulation, Are Fixed Exchange Rates Coming Back? / Currencies / Fiat Currency
By: Ian_Fletcher
The International Monetary Fund or IMF, long a citadel of free-market thinking, conceded in a little-noticed official report in February that controls on the international movement of capital may be appropriate in some circumstances. This report deserved more attention, because this is big.
Tuesday, April 06, 2010
Euro Speeding Towards the Currency Graveyard / Currencies / Fiat Currency
By: Larry_Edelson
Between 1998 and 2002 I published several articles on how the just born euro currency would ultimately fail, resulting in the collapse of the European Monetary Union.
Almost everyone, even my colleagues, scoffed at my forecast. But my reasoning was sound: No matter what the short-term benefits of the new euro, mainly in trade within Europe, I said, long term, there was no way the euro would survive, because …
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Friday, March 19, 2010
Inflate, Deflate, Confiscate, Investor Authentic Wealth Enhancement Essentials / Economics / Fiat Currency
By: DeepCaster_LLC
"Inflate, Deflate, Confiscate"
U.S. Senator Robert A. Taft (RIP) on the Mega-Banks favorite technique.
“The shadow banking system is still alive and growing. According to a new paper (PDF) by the Levy Economics Institute of U Miss, the derivative exposure of Goldman Sachs was 33,823% of its assets in 2009 (as compared to 25,284% in 2008). They are still leveraged to the hilt and the US government (i.e. the U.S. taxpayer) is the backstop.”
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Wednesday, March 17, 2010
Fiat Currencies Devalue or Die Era is Picking Up Steam / Currencies / Fiat Currency
By: Sol_Palha
"It is a wise person that adapts themselves to all contingencies; it's the fool who always struggles like a swimmer against the current." ~ Source Unknown
Monday, March 08, 2010
Trade Deficits and Fiat Currencies / Economics / Fiat Currency
By: Robert_Murphy
There is a connection between fiat currencies and trade deficits, and many cynics have argued that the US dollar's status as global reserve currency allowed Americans to consume more than they produced for decades. However, this "deficit without tears" argument is sometimes overstated. To gain a deeper understanding of both monetary theory and international trade, it's useful to probe the issue more carefully.
Thursday, March 04, 2010
Is the U.S. Dollar Really Safer Than the Euro? / Currencies / Fiat Currency
By: Michael_Pento
The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, while also serving to reinforce the notion of the USD’s position as the world’s reserve currency.
Sunday, February 28, 2010
Ron Paul on the Real Culprit For the Financial Crisis / Politics / Fiat Currency
By: Submissions
Ron Paul Blames the genesis of the Financial Collapse on when Nixon separated the Dollar from Gold that allowed Congress to run up unlimited deficits, the consequences of the lack of sound money led to the banking crash.
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Wednesday, February 10, 2010
Lessons to Learn from the Failure of the Continental Dollar / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
Although few have seen hyperinflation in their lifetimes, it can and does happen. In one of the most cited cases, the Continental currency of the United States was inflated into oblivion. In fact, the value was so diminished that towards the end of its short life, few merchants accepted it.
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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?