The Theft of Nations: Returning to Gold |
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Page 59
... money , 2 ) Fractional reserve requirement , and 3 ) Interest . Fiat money is money that is created out of nothing ... create money out of nothing gives immense benefit to both the domestic and international financial institutions . The ...
... money , 2 ) Fractional reserve requirement , and 3 ) Interest . Fiat money is money that is created out of nothing ... create money out of nothing gives immense benefit to both the domestic and international financial institutions . The ...
Page 131
... creates additional deposits until the reserve is 10 per cent of total deposits . How can additional deposits be created ? By means of giving loans ! The balance sheet position after money creation ( assuming maximum money creation ) 3 ...
... creates additional deposits until the reserve is 10 per cent of total deposits . How can additional deposits be created ? By means of giving loans ! The balance sheet position after money creation ( assuming maximum money creation ) 3 ...
Page 134
Returning to Gold Ahamed Kameel Mydin Meera. In summary , a fiat money interest based financial system continuously creates money in the economic system , and by the reverse process , the money so created can also be destroyed in the ...
Returning to Gold Ahamed Kameel Mydin Meera. In summary , a fiat money interest based financial system continuously creates money in the economic system , and by the reverse process , the money so created can also be destroyed in the ...
Contents
Stakes in the Current Global Financial System | 3 |
SeigniorageThe Instability and Unjustness of the Fiat | 29 |
The Theft of Nations | 43 |
Copyright | |
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2002 International Conference Allah arbitrage arbitrage profits banking system basically benefit bilateral borrow cash flow cent central banks collapse complementary currencies Conference on Stable countries create money current monetary system debt default depreciate developing nations Diagram domestic transactions e-dinar economy example exports fiat currencies fiat monetary system fiat money system financial system floating rate market foreign exchange risk futures contract Gago and Sago Global Monetary System gold as money gold coins gold payment system gold price governments hedging Hence implement the gold increase interest charges interest rate international financial institutions international reserve currencies international trade intrinsic value Islamic banking Islamic Gold Dinar KLIBOR Kuala Lumpur loans Malaysia million gold dinar money created money creation money supply multilateral trade multiple deposit creation national currencies problems reserve currencies reserve requirement ringgit rupee seigniorage Singapore dollar speculation and arbitrage Sukus thereby U.S. Dollar wealth and sovereignty