The Theft of Nations: Returning to Gold |
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Page 12
... growth in money supply . Notice that if we want stable price levels , there needs to be a constant rise in the real output , Y , to match the growing M. This explains why the existence of interest charges requires endless economic growth ...
... growth in money supply . Notice that if we want stable price levels , there needs to be a constant rise in the real output , Y , to match the growing M. This explains why the existence of interest charges requires endless economic growth ...
Page 13
... growth basically to pay for the virtual interest that the financial system creates and charges on the real sector . The fact that total debt is not repayable in the aggregate also causes the society to compete for money , i.e. competing ...
... growth basically to pay for the virtual interest that the financial system creates and charges on the real sector . The fact that total debt is not repayable in the aggregate also causes the society to compete for money , i.e. competing ...
Page 103
... growth in the real economies . In many cases , the growth rates in broad money ( M2 ) are more than double the growth rates in the real GDPs — a recipe for inflationary pressures and economic problems . Appendix E provides the growth ...
... growth in the real economies . In many cases , the growth rates in broad money ( M2 ) are more than double the growth rates in the real GDPs — a recipe for inflationary pressures and economic problems . Appendix E provides the growth ...
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