The Theft of Nations: Returning to Gold |
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Page 137
... exchange rate of about RM2.47 to the dollar before the crisis to a rate of RM4.80 at some point in time during the crisis . While one may argue that it is ethically not right for speculators to attack a currency , it is the current ...
... exchange rate of about RM2.47 to the dollar before the crisis to a rate of RM4.80 at some point in time during the crisis . While one may argue that it is ethically not right for speculators to attack a currency , it is the current ...
Page 146
... exchange rate risk embedded in them . Historically , the foremost instrument used for managing exchange rate risk is the forward rate . Forward rates are custom agreements between two parties to fix the exchange rate for a future ...
... exchange rate risk embedded in them . Historically , the foremost instrument used for managing exchange rate risk is the forward rate . Forward rates are custom agreements between two parties to fix the exchange rate for a future ...
Page 147
... exchange rate of RM0.10 per rupee in the future , irrespective of what happens to the spot rupee exchange rate . If the rupee were to actually depreciate , ABC would then be protected . However , if it were to appreciate , then ABC ...
... exchange rate of RM0.10 per rupee in the future , irrespective of what happens to the spot rupee exchange rate . If the rupee were to actually depreciate , ABC would then be protected . However , if it were to appreciate , then ABC ...
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