The Theft of Nations: Returning to Gold |
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Page 29
... seigniorage of fiat money . Seigniorage refers to the difference between the face - value of money and the cost of producing it . For example , assuming that the cost of producing a 100 - dollar note is 20 cents then the seigniorage is ...
... seigniorage of fiat money . Seigniorage refers to the difference between the face - value of money and the cost of producing it . For example , assuming that the cost of producing a 100 - dollar note is 20 cents then the seigniorage is ...
Page 30
... seigniorage . The money created through the fractional reserve requirement system and the interest charges thereupon are basically also seigniorage . In the present global monetary system ( that is fundamentally an interest - based fiat ...
... seigniorage . The money created through the fractional reserve requirement system and the interest charges thereupon are basically also seigniorage . In the present global monetary system ( that is fundamentally an interest - based fiat ...
Page 32
... seigniorage . Nobel ... the Federal Reserve System , the greatest engine of inflation ever created . Because there was no other international money , the Fed could now pump out billions and billions of dollars that would be taken up and ...
... seigniorage . Nobel ... the Federal Reserve System , the greatest engine of inflation ever created . Because there was no other international money , the Fed could now pump out billions and billions of dollars that would be taken up and ...
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