The Theft of Nations: Returning to Gold |
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Page 69
Returning to Gold Ahamed Kameel Mydin Meera. The Ideals Part One of this book highlighted the problems inherent in the current monetary system . We postulated that the following characteristics , i.e. fiat money , the fractional reserve ...
Returning to Gold Ahamed Kameel Mydin Meera. The Ideals Part One of this book highlighted the problems inherent in the current monetary system . We postulated that the following characteristics , i.e. fiat money , the fractional reserve ...
Page 74
Returning to Gold Ahamed Kameel Mydin Meera. It is not surprising , therefore , that with the above characteristics gold naturally dominated as the global currency in history . No one had to force others to accept gold as money unlike fiat ...
Returning to Gold Ahamed Kameel Mydin Meera. It is not surprising , therefore , that with the above characteristics gold naturally dominated as the global currency in history . No one had to force others to accept gold as money unlike fiat ...
Page 77
Returning to Gold Ahamed Kameel Mydin Meera. If gold were used as a common currency instead of the different national currencies , then there would be no exchange rates in the first place ... money and the economy 77 THE GOLD DINAR SOLUTION.
Returning to Gold Ahamed Kameel Mydin Meera. If gold were used as a common currency instead of the different national currencies , then there would be no exchange rates in the first place ... money and the economy 77 THE GOLD DINAR SOLUTION.
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