Category: Fiat Currency
The analysis published under this category are as follows.
Thursday, June 09, 2016
How Fiat Money Destroys Culture / Politics / Fiat Currency
By: MISES
Jörg Guido Hülsmann writes: It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship.
But there are certain things that economists can say about the culture, and more precisely, that economists can say about the transformation of the culture. So what is culture? Well, to put it simply, it is the way we do things. This can include the way we eat — whether or not we dine with family members on a regular basis, for example — how we sleep, and how we use automobiles or other modes of transportation. And of course, the way we produce, consume, or accumulate capital are important aspects of the culture as well.
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Saturday, May 21, 2016
Danish Central Bank Stumbles with Its Currency Peg to the Euro / Currencies / Fiat Currency
By: MISES
Uffe Merrild writes: Denmark has been mentioned a few times during the American election campaign by Democrats who favor larger government and high redistribution of income, but also pundits like Paul Krugman have written about Denmark in his October 19th column at The New York Times. Fortunately most of his fiscal and general economic Keynesian points have been refuted in Episode 6 of Contra Krugman by Thomas Woods and Robert Murphy. But, some points regarding monetary policy need attention as well.
Friday, May 20, 2016
Why We Don’t Need a Gold Standard; there is a better alternative / Currencies / Fiat Currency
By: Sol_Palha
A highbrow is the kind of person who looks at a sausage and thinks of Picasso. - A. P. Herbert
The first reaction from the hard money camp would be to state we are insane or that we longer value hard money. Taking that line of thought would only set you on the wrong track; we are not against hard money or are the Gold standard. However, most of those in the hard money camp have a hard time dealing with reality. The reality is that very few even understand this concept and even fewer would be willing to embrace it. In the end, it’s the masses that determine if whether or not a new trend, fad or rule will be embraced or not. Have the masses done anything other than occasionally complain about how prices are rising? Did they embrace the Gold bull market from 2002-2011? Most of them focussed on the crash aspect and not the fact that Gold had soared significantly higher than it was back in 2002 despite the strong pullback? The answer on all fronts is no; to understand why no good deed goes unpunished, or why the masses will crucify you if you try to alter their mindset, watch Plato’s allegory of the cave. It provides a very simple and clear look into the mass mindset.
Monday, May 02, 2016
When the Truth is Found to be Lies, Confidence in Currency Dies / Currencies / Fiat Currency
By: DeviantInvestor
In 1967 the Jefferson Airplane sang:
“When the truth is found to be lies,
And all the joy within you dies…”
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Wednesday, March 30, 2016
What Currency Has the Highest Purchasing Power? / Currencies / Fiat Currency
By: BATR
Establishment economists are the first vindicators that having a weak currency is essential to foster international trade. The utter absurdity that a nation can prosper when their coin of the realm buys less is inherently illogical. Yet, for the globalists, maintaining the myth that promoting exports in a system that is designed around transporting our domestic manufacturing capacity overseas is intellectually incongruent. So what is the essential argument for having a strong currency?
Friday, March 25, 2016
Fiscal and Monetary Madness / Currencies / Fiat Currency
By: DeviantInvestor
Global Currencies Madness:
When central banks and politicians “manage” global currencies, we can expect:
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Tuesday, March 08, 2016
The Great Quickening - Finance & Currency / Currencies / Fiat Currency
By: Jim_Willie_CB
The quickening has begun in earnest. The end game might have begun in November with events picking up speed, remedy engaged in progressive steps, and geopolitical balance of power shifting in serious manner. The following are major events and factors in the Global Currency RESET in progress. The sequence of future events might become frightening, as the new financial structure comes into view. The potential for disruption to the USDollar- based supply chain and inventory system remains a high risk. The onset of the return of the Gold Standard to trade, banking, and currencies is upon us. The following are frequent topics within the Hat Trick Letter, within each and every monthly report.
Sunday, March 06, 2016
Currencies, They Are All Still Sinking! Video / Currencies / Fiat Currency
By: Mario_Innecco
Transcript Excerpt: hi it's Sunday March 6 2016 today I'm gonna be talking about perspective and
looking at the bigger picture
think you know everyone needs to do that once in awhile as you can see the title
of my videos currencies they're all still sinking you might ask why still
thinking you know forever while not forever but the last fifteen years I'm
gonna go back to an article I wrote in 2007 and April 2007 and it was entirely
currencies they're all sinking and was part two
article I wrote like December of 2006 so as you can see I've been looking at for
a long time actually I started in 2002 my first goal so at the time just to
give you some sense of perspective about pricing various currencies the dollar
price adobe 684 so you know it is today
Thursday, December 31, 2015
Why Austrian Investing Is Important In The Era Of State Imposed Fiat Money / Economics / Fiat Currency
By: GoldSilverWorlds
We are living in extreme times. When it comes to investing, the economy and markets, the extreme monetary policies of central banks all over the world should be top of mind of every investor.
To make our point, we refer to the 3 following charts that readers know by now … But it always helps to put things in perpsective. Our focus here is on the time period as of 1971 which will likely go in history books as the era of the “Great Monetary Experiment” (or something alike).
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Tuesday, December 08, 2015
Keynes on the Menace of Printing Money / Currencies / Fiat Currency
By: Michael_J_Kosares
How the celebrated economist might have structured his investment portfolio today
Read full article... Read full article...“I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.” – John Maynard Keynes, 1946
John Maynard Keynes made that admission to Henry Clay, a member of the Bank of England's Advisory Committee, in 1946. Ten days later he passed away. Keynes had come full circle – from economic interventionist extraordinaire to proponent of Adam Smith's laissez faire. Twenty-five years after that, Richard Nixon would suspend dollar convertibility, scrap the Bretton Woods fixed exchange rate regime system of which Keynes was the principal architect and allow currencies and gold to float freely in international markets. The fiat money system of the late 20th and early 21st centuries was born. Though a radically different system from the one Keynes created in the aftermath of World War II, Richard Nixon declared upon its launch that "we are all Keynsians now."
Wednesday, December 02, 2015
U.S. Treasury Secretary Makes Sad Admission about Coinage Devaluation / Currencies / Fiat Currency
By: MoneyMetals
Traders are bidding up the U.S. dollar and dumping metals as they become more convinced that the Federal Reserve will raise interest rates at its next meeting. Janet Yellen and company have been talking about raising rates for the better part of a year, though. All talk and no action so far.
Will they finally hike or keep crying wolf? We'll find out when the Fed meets on December 15-16.
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Wednesday, December 02, 2015
How Money Disappears in a Fractional-Reserve Money System / Currencies / Fiat Currency
By: Frank_Shostak
Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US and the world from another Great Depression. On this the Federal Reserve Chairman at the time Ben Bernanke is considered the man that saved the world. Bernanke in turn attributes his actions to the writings of Professor Milton Friedman who blamed the Federal Reserve for causing the Great Depression of 1930s by allowing the money supply to plunge by over 30 percent.
Sunday, October 04, 2015
Fiat Currency Endgame - More QE, NIRP, bails-ins and Pensions Plunder... / Currencies / Fiat Currency
By: Clive_Maund
The fiat money system should be branded a "crime against humanity" because of what its unbridled excesses must inevitably lead to - chaos, destitution and war - which is what we are clearly heading towards.
Over the past year or so, the Fed let the idea take hold that it was going to gingerly start a rate rise cycle, which helped to fuel a big rise in the dollar. The ruse worked and the Fed got a lot of bang for no buck. However when push came to shove and the time arrived a few weeks back when they had to "put up or shut up", they backed down, and it became apparent that the whole thing was a hoax. They do actually want to start a rate rise cycle, in order to start trying to undo the enormous damage caused by their profligacy of recent years, and because they are gravely concerned about their own bloated balance sheet, but it is apparent to all and especially them that if they try it they will crash already very fragile stockmarkets and burst various asset bubbles simultaneously, like the Real Estate bubble, not to mention the towering derivatives overhang.
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Wednesday, September 23, 2015
Indonesian Rupiah Is In Trouble, Again / Currencies / Fiat Currency
By: Steve_H_Hanke
The rupiah is plumbing the depth it last visited in 1998 during the Asian financial crisis. The accompanying chart of the rupiah’s value against the U.S. dollar tells the tale. Although the rupiah’s recent plunge is not as dramatic as the post-July 1997 float of the rupiah, it is ugly nevertheless.
Monday, August 03, 2015
Five Currencies' Positioning in One Chart / Currencies / Fiat Currency
By: Ashraf_Laidi
Combining the net speculative futures positions of all 5 major currencies against the USD, we find CHF positioning to remain the only net long against USD, ever since the SNB decision end its EURCHF peg in January. GBP positioning is the only currency to show steady improvement against USD. Currency-by-currency analysis below.
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Thursday, July 30, 2015
The War On Cash: Why Now? / Economics / Fiat Currency
By: MISES
Charles Hugh Smith writes:
You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean?
It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash.
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Sunday, July 05, 2015
A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World / Politics / Fiat Currency
By: Ellen_Brown
Pope Francis has been called “the revolutionary Pope.” Before he became Pope Francis, he was a Jesuit Cardinal in Argentina named Jorge Mario Bergoglio, the son of a rail worker. Moments after his election, he made history by taking on the name Francis, after Saint Francis of Assisi, the leader of a rival order known to have shunned wealth to live in poverty.
Friday, July 03, 2015
The Complexity of Legal Tender / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
Measuring wealth with an ever-expanding ruler makes for a carnival illusion of safety, suspended in a vast, uneven web of complexity.
The longer society and culture remain detached from the nature of true wealth, the more fragile we become to ‘normal’ risk.
Complexity is not always good or robust.
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Thursday, July 02, 2015
The Power of Ideas for the Fiat Age / Politics / Fiat Currency
By: Tom_Naysburn
In every aspect of daily life people are searching for the best arguments; where to buy the cheapest and best quality washing powder, or internet provider, or car insurance or gym membership or whatever. The list of possibilities is infinite. People also like to acquire the best arguments, covet them and use them for personal gain, mostly without the consent of the owner. This is merely human nature, as the desire for intelligence sets us apart from the animals. If you don't believe me just consider the billions spent worldwide by intelligence agencies of various countries to obtain the arguments that others do not have.
Thursday, June 25, 2015
Managing Trade Deficits / Currencies / Fiat Currency
By: Alasdair_Macleod
Currency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece arguing for the reintroduction of the drachma so that the Greek economy can become "competitive", and "rebalanced". This widespread assumption is easily demonstrated to be incorrect.
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