The Theft of Nations: Returning to Gold |
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Page 71
... intrinsic value of its own . However , before gold , some civilizations used many other items as money - cowry shells , leather and even salt to name a few . However , an interesting point to note is that in the passage of time , gold ...
... intrinsic value of its own . However , before gold , some civilizations used many other items as money - cowry shells , leather and even salt to name a few . However , an interesting point to note is that in the passage of time , gold ...
Page 103
... intrinsic value in the past . As the truth unfolds , all fiat currencies ultimately seem to return to their zero intrinsic value . Obsolescence of fiat money is nothing new . Many paper currencies and coins of the past have become ...
... intrinsic value in the past . As the truth unfolds , all fiat currencies ultimately seem to return to their zero intrinsic value . Obsolescence of fiat money is nothing new . Many paper currencies and coins of the past have become ...
Page 104
... value would lose all the purchasing power of the money at that point in time . The winners and losers in this fiat ... Intrinsic Value First issuance of fiat money . The Issuer gets the benefit of seigniorage Money transfers hands . The ...
... value would lose all the purchasing power of the money at that point in time . The winners and losers in this fiat ... Intrinsic Value First issuance of fiat money . The Issuer gets the benefit of seigniorage Money transfers hands . 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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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