The Theft of Nations: Returning to Gold |
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Page 88
... national currencies by their respective central banks on the due date of exports , based on the gold dinar exchange rate prevailing at the time of the transaction . Similarly , the importers will pay to the central bank in their ...
... national currencies by their respective central banks on the due date of exports , based on the gold dinar exchange rate prevailing at the time of the transaction . Similarly , the importers will pay to the central bank in their ...
Page 96
... currencies are not available . Even in countries where currency derivative markets exist , however , for example the ... national currencies . For example , if three countries agree to use the gold payment system , then it tantamount to ...
... currencies are not available . Even in countries where currency derivative markets exist , however , for example the ... national currencies . For example , if three countries agree to use the gold payment system , then it tantamount to ...
Page 97
... currencies face risks that are unique to the issuer country . Political turmoil , for example , can cause a national currency to depreciate , but in a unified currency such unique risks would be diversified away . Since gold is ...
... currencies face risks that are unique to the issuer country . Political turmoil , for example , can cause a national currency to depreciate , but in a unified currency such unique risks would be diversified away . Since gold is ...
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