money Archive

  • So I do not understand the claim that only gold is and always has been money. That is just total nonsense. There have been many different types of monetary systems. All have failed, regardless of what it was based upon because there is a common denominator — humanity.

    Money Has Always Been What Was Available

    So I do not understand the claim that only gold is and always has been money. That is just total nonsense. There have been many different types of monetary systems. All have failed, regardless of what it was based upon because there is a common denominator — humanity.

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  • If we returned the central bank to perform its original function, then the economy would be much more stable. Our problem is we live in a political economy where politicians just cannot keep their fingers out of everyone’s pockets.

    Elastic Money

    If we returned the central bank to perform its original function, then the economy would be much more stable. Our problem is we live in a political economy where politicians just cannot keep their fingers out of everyone’s pockets.

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  • The Chinese central bank said issuing a digital currency would have positive implications as it would reduce the high printing and circulation costs of traditional cash  notes, make economic transactions more convenient and transparent, reduce money laundering and tax evasion, and strengthen the central bank’s control over money supply and circulation.

    China to Move to Electronic Currency

    The Chinese central bank said issuing a digital currency would have positive implications as it would reduce the high printing and circulation costs of traditional cash notes, make economic transactions more convenient and transparent, reduce money laundering and tax evasion, and strengthen the central bank’s control over money supply and circulation.

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  • Your concept of the economy is very limited and is overly influenced by the concept of the quantity of money and the Austrian school of thought. This is one-dimensional. Taxes play a huge role and provides the source of DEFLATION. If I give you $100 and then tax you $90, just how much did I really give you?

    Why The Theory of Money Does Not Work

    Your concept of the economy is very limited and is overly influenced by the concept of the quantity of money and the Austrian school of thought. This is one-dimensional. Taxes play a huge role and provides the source of DEFLATION. If I give you $100 and then tax you $90, just how much did I really give you?

    Continue Reading...

  • The historical battle has not been gold against intangible forms of money. It has always been private v public. Even if a nation declared gold to be $100,000 an ounce, that is still FIAT which is anything declared by a government against the free market. A currency peg is FIAT. VALUE of assets rise against whatever is money so money declines in terms of purchasing power. Deflation is when assets decline against money. The two are ALWAYS on opposite sides.

    Do the Reserves of a Nation Matter Anymore?

    The historical battle has not been gold against intangible forms of money. It has always been private v public. Even if a nation declared gold to be $100,000 an ounce, that is still FIAT which is anything declared by a government against the free market. A currency peg is FIAT. VALUE of assets rise against whatever is money so money declines in terms of purchasing power. Deflation is when assets decline against money. The two are ALWAYS on opposite sides.

    Continue Reading...

  • War and money has always been a politically sanctioned marriage. Trying to force the federalization of Europe to end war is like advocating that had Hitler or Napoleon conquered all of Europe, then they would have ended European wars.

    Contribution from Norway — War & Money

    War and money has always been a politically sanctioned marriage. Trying to force the federalization of Europe to end war is like advocating that had Hitler or Napoleon conquered all of Europe, then they would have ended European wars.

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  • Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

    Banking Explained – Money and Credit

    Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

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  • The crisis throughout Eastern Europe has been selling mortgages in Swiss francs without disclosing the currency risk. This law, passed by the Romanian Parliament, is actually fair. The banks would have to take back the property and end the debt. That is how Caesar resolved the debt crisis, for then too the bankers would not accept property and would take the borrower’s children and sell them into slavery to pay off the debt.

    Romanian Private Debt Crisis Erupting

    The crisis throughout Eastern Europe has been selling mortgages in Swiss francs without disclosing the currency risk. This law, passed by the Romanian Parliament, is actually fair. The banks would have to take back the property and end the debt. That is how Caesar resolved the debt crisis, for then too the bankers would not accept property and would take the borrower’s children and sell them into slavery to pay off the debt.

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  • Your perspective is too narrowly focused and solely dollar based. Because the commodities are declining in dollar terms with the dollar rising, in local currencies outside the USA the cost of production declines, and thus in local currency many commodity producers will make even more. Hence, they increase production. It all depends upon the base currency of a producer. Your reasoning applies to dollar-based producers.

    Commodities Depend on the Currency

    Your perspective is too narrowly focused and solely dollar based. Because the commodities are declining in dollar terms with the dollar rising, in local currencies outside the USA the cost of production declines, and thus in local currency many commodity producers will make even more. Hence, they increase production. It all depends upon the base currency of a producer. Your reasoning applies to dollar-based producers.

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  • The wealth of a nation is not its gold, land, or natural resources, for it still takes labor to bring any commodity to market. The wealth of a nation is its people. Look at Germany. Its productive capacity was the highest in Europe and it rightly rose to the top. In Africa and places in South America, the people are not educated as a whole or productive from an international trade perspective, and consequently those countries have been unable to rise to the top at any point in their history.

    Money vs. Fiat

    The wealth of a nation is not its gold, land, or natural resources, for it still takes labor to bring any commodity to market. The wealth of a nation is its people. Look at Germany. Its productive capacity was the highest in Europe and it rightly rose to the top. In Africa and places in South America, the people are not educated as a whole or productive from an international trade perspective, and consequently those countries have been unable to rise to the top at any point in their history.

    Continue Reading...