The Theft of Nations: Returning to Gold |
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Page 14
... Default / Financial Distress is therefore caused by the mere design of the system Micro - level : Competition for Money - Business world becomes increasingly competitive - Some are able to service debt - Some are sure to default ...
... Default / Financial Distress is therefore caused by the mere design of the system Micro - level : Competition for Money - Business world becomes increasingly competitive - Some are able to service debt - Some are sure to default ...
Page 20
... Default is the Default of the Current Monetary System Having said that money is primarily introduced in the form of loans with some interest payments attached , it is important to recognize that total debt ( principal plus the interest ) ...
... Default is the Default of the Current Monetary System Having said that money is primarily introduced in the form of loans with some interest payments attached , it is important to recognize that total debt ( principal plus the interest ) ...
Page 23
... default by countries would transfer sovereignty ( and ultimately wealth too ) . In many cases , the foreign financial giants have initiated changes in governments . The default on debt actually destroys money through the reverse process ...
... default by countries would transfer sovereignty ( and ultimately wealth too ) . In many cases , the foreign financial giants have initiated changes in governments . The default on debt actually destroys money through the reverse process ...
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