The Theft of Nations: Returning to Gold |
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Page 137
... currency by speculators pushed the ringgit downward . Let us assume an initial exchange rate between three currencies , say , the ringgit , dollar and Singapore dollar as below : US $ 2.40 RM 1.50 S $ 1.60 The ringgit exchange rate is ...
... currency by speculators pushed the ringgit downward . Let us assume an initial exchange rate between three currencies , say , the ringgit , dollar and Singapore dollar as below : US $ 2.40 RM 1.50 S $ 1.60 The ringgit exchange rate is ...
Page 138
... dollar and Singapore dollar respectively . The Singapore dollar rate is S $ 1.60 to the dollar . Such exchange rates are in equilibrium since no one can make profit by just trading between the three currencies . If one were to start with a ...
... dollar and Singapore dollar respectively . The Singapore dollar rate is S $ 1.60 to the dollar . Such exchange rates are in equilibrium since no one can make profit by just trading between the three currencies . If one were to start with a ...
Page 140
... Singapore dollar would make the Singapore dollar appreciate over the ringgit . The last transaction of changing the Singapore dollar back into the US dollar would cause the US dollar to appreciate over the Singapore dollar . Therefore ...
... Singapore dollar would make the Singapore dollar appreciate over the ringgit . The last transaction of changing the Singapore dollar back into the US dollar would cause the US dollar to appreciate over the Singapore dollar . Therefore ...
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