Category: Fiat Currency
The analysis published under this category are as follows.
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...
Saturday, February 14, 2009
Currencies 2009: Policies of INSOLVENCY, aka Falling Dominoes! / Currencies / Fiat Currency
By: Ty_Andros
In 2008, the currency markets offered some of the greatest opportunities of all markets. Every currency had substantial moves ‘up and down' and many times BOTH ways, as deleveraging and stampedes of panic swept through the markets at different times. 2009 will be no different, only now we are going to look for sharp differences in two in particular. Those that exist in REAL MONEY will skyrocket and pretenders to that moniker will decline regardless of the country that issues them. Read full article... Read full article...
Friday, February 13, 2009
Davos and Debt Denial: The Last Gasp of Capitalism / Politics / Fiat Currency
By: Darryl_R_Schoon
In an age of illusion, the guise of truth is often heresy - The gathering of the world's economic elites in Davos , Switzerland is a reflection of the reigning power dynamic of the modern world. Officially titled, the World Economic Forum, Davos is sponsored by the world's most powerful and wealthy corporations and presents itself as a “not-for-profit” entity. Read full article... Read full article...
Tuesday, February 10, 2009
Collapsing Fiat Currencies: (Zimbabwean) Dollar, Point of No Return / Currencies / Fiat Currency
By: John_Lee
Last week, Zimbabwe slashed 12 zeros from its currency as hyperinflation continued to erode its value, the country's central bank announced in late January.
The government instituted price cuts to arrest inflation. As time went by, it became apparent the forced price cuts cause bare shelves in shops and many businesses closing .
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Tuesday, February 03, 2009
The History of Money: Peru and its Fiat Currencies / Currencies / Fiat Currency
By: Mike_Hewitt
Peru is the nineteenth largest country in the world and is a diverse land, both in terms of people and geography. It is populated by over 29.2 million people (July 2008 estimate), largely descended from Spanish settlers, native Inca, and pre-Inca cultures. Peru has three national languages: Spanish, Aymara, and the native Quechua, reflecting the native Indian and Spanish roots that cultivated modern Peruvian society. Read full article... Read full article...
Wednesday, January 21, 2009
Currency ETF Trends and a Flawed Monetary System / Currencies / Fiat Currency
By: Tim_Iacono
Surely, at some point in time, some group of wise men somewhere will finally get together and realize that, during an era of excessive speculation, a monetary order where half the world's money floats freely and a good portion of the rest is rigidly fixed to the U.S. dollar is not an optimal system. Read full article... Read full article...
Wednesday, January 21, 2009
Dem Bones is Connected To De Debt Bone / Politics / Fiat Currency
By: Robert_Singer
It is an understatement to say we are experiencing an unprecedented financial crisis along with our world-wide environmental crisis. Neither crisis needs an Austrian economist to explain it. We live in a consumer society and consumers “use things up.” In recent history, this useless, toxic “stuff” comes from China, and this sad state of affairs is so simple to understand that even a child can follow. Just watch the, “Story of Stuff,” a web-based documentary about the dark underside of consumption.Read full article... Read full article...
Wednesday, January 21, 2009
The Collapse Of Capitalism and the Gold Safety Net / Economics / Fiat Currency
By: Darryl_R_Schoon
For Ponzi schemes to succeed, they must expand faster than the request for redemptions. If they do not, they will collapse. This is what happened to Bernard L Madoff Investment Services, the largest Ponzi scheme in history. The same is about to happen to capitalism.
Although capitalism is not a Ponzi scheme, credit-based economies, sic capitalism, and Ponzi schemes share the same fatal flaw. Both must constantly expand or they are in danger of collapse. Today, because capitalist economies are no longer expanding, but contracting, their continued contraction will lead to collapse.
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Friday, January 16, 2009
Worthless Trillion Dollar Paper / Economics / Fiat Currency
By: Mike_Hewitt
Recently Zimbabwe announced that it will issue a new set of notes which will include a 10 trillion, 20 trillion, 50 trillion and 100 trillion denomination. One commentator stated that these notes will be introduced to "keep pace with the hyperinflation that has caused many to abandon the country's currency."
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Saturday, January 10, 2009
Gold Rules Supreme as Fiat Currencies Competitive Devaluation Looms / Currencies / Fiat Currency
By: Ty_Andros
The Crack Up Boom, Part XIV - First I want to wish everybody a Happy and Prosperous New Year.
For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period. “Volatility is OPPORTUNITY” and it is still set to skyrocket as G7 Public servants, financial and banking sectors and their crony capitalist campaign supporters try to escape INSOLVENCY and transfer it to the public. Ultimately they will fail, but the process may take several more years as they BELIEVE they have the ability to print money and create credit out of thin air endlessly.
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Wednesday, January 07, 2009
The Fate of Paper Money, Fiat Currency / Currencies / Fiat Currency
By: Mike_Hewitt
"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)
The first well-documented widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. [1] Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill.
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Friday, January 02, 2009
Anti-Gold:Usura Socialism / Politics / Fiat Currency
By: Christopher_Quigley
Turning and turning in the widening gyre;
The Falcon cannot hear the falconer;
Things fall apart: the centre cannot hold;
Friday, December 26, 2008
The Federal Reserve Abolition Act / Politics / Fiat Currency
By: Stephen_Lendman
On June 15, 2007, Ron Paul introduced HR 2755: Federal Reserve Abolition Act. There were no co-sponsors, no further action was taken, and the legislation was referred to the House Committee on Financial Services and effectively pigeonholed and ignored. It's a bold and needed measure to "abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes."
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Monday, December 22, 2008
The Federal Reserve Bank is the Reason for America's Downfall / Politics / Fiat Currency
By: Darryl_R_Schoon
The American Dream, An Obituary - The American Revolution was an extraordinary event. The idea that freedom was an inherent right, that tyranny could be successfully opposed, that government could serve the people, not the few, was truly revolutionary in 1776—as it is today.
The American Revolution, however, has run its course; and unless resuscitated and given new life, the American dream and the dreams of America 's founding fathers will soon be only a memory. Dreams rarely come to pass and those that do rarely last. The American dream is no exception.
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Monday, December 22, 2008
U.S. Economy Sinking in an Ocean of Newly Created Money / Economics / Fiat Currency
By: Gerard_Jackson
At one time or another we have all heard it said that "you cannot get there from here". Much the same can be said of the current state of the US economy. Every prominent economic pundit is focusing on falling demand as the economy's nemesis. Nouriel Roubini points out that "85 percent of aggregate demand -- consumption and fixed investment -- is now in free fall". It's even worse than that because final demand as it is calculated does not include inter-business spending (spending between the stages of production). If this were taken into account the picture would change from grim to downright scary. That Treasury bills have been trading at negative rates is evidence enough of the markets fearful state. Read full article... Read full article...
Wednesday, December 03, 2008
Bankrupt G7 Print Money to Reflate Economies / Economics / Fiat Currency
By: Ty_Andros
As the G7 economies plunge over a cliff, the governments and central banks are taking turns at fire fighting in their respective economies. With each new initiative the Crack-Up Boom creeps closer and closer on the horizon as G7 public servants and central banks attempt to RESCUE foolish lenders and borrowers from their approaching demise and insolvency. The attempts will fail and insolvency will be brought to the entire G7 financial systems. Never before in history has more been borrowed and printed to rescue global banking and corporate elites from their hubris and stupidity. Mal investments are crumbling to their REAL value, not their inflated NOMINAL value, and as they do, the banks, financial systems and real economies shudder under the repricing. As reality supplants the fairy tales the greatest opportunities are presented to you! Read full article... Read full article...
Monday, November 17, 2008
The Ascent of Money and Descent of Niall Ferguson / InvestorEducation / Fiat Currency
By: Adrian_Ash
"Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal...It's amazing what a tenured professor can earn these days..."
"MONEY IS TRUST , not metal," says Niall Ferguson, Harvard egghead and knit-browed global media star, in his latest book and TV series, The Ascent of Money .
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