The Theft of Nations: Returning to Gold |
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Page 8
... interest charge of 15 per cent . 4 The Sukus suddenly found that the price of things were rising . This baffled them and no one could figure out why . " Some of them who had borrowed money from Gago were not able to pay back their debt ...
... interest charge of 15 per cent . 4 The Sukus suddenly found that the price of things were rising . This baffled them and no one could figure out why . " Some of them who had borrowed money from Gago were not able to pay back their debt ...
Page 10
... interest - based fiat monetary system . To begin , let us discuss the effects of interest on the economy . Interest ... charges , for otherwise that would be tantamount to an unfair treatment of the lender . Unfortunately , however , not many ...
... interest - based fiat monetary system . To begin , let us discuss the effects of interest on the economy . Interest ... charges , for otherwise that would be tantamount to an unfair treatment of the lender . Unfortunately , however , not many ...
Page 13
... interest - based economy there is so much emphasis on productivity and 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 ...
... interest - based economy there is so much emphasis on productivity and 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 ...
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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Common terms and phrases
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