The Theft of Nations: Returning to Gold |
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Page 31
... deficits , which otherwise would have been impossible under the classical gold standard or the Bretton Woods . In those days , deficit countries settled their deficits in gold ( that cannot be created ) but today deficits can be settled ...
... deficits , which otherwise would have been impossible under the classical gold standard or the Bretton Woods . In those days , deficit countries settled their deficits in gold ( that cannot be created ) but today deficits can be settled ...
Page 47
... deficits in order to consume the savings of other nations . The country with a trade deficit would acquire the real goods and services while the country with a trade surplus would simply accumulate financial assets . For example , when ...
... deficits in order to consume the savings of other nations . The country with a trade deficit would acquire the real goods and services while the country with a trade surplus would simply accumulate financial assets . For example , when ...
Page 172
... deficit . In multilateral trade , the process may be a little more complicated but it is entirely , manageable . A clearing house can be set up for a group of trading countries and the deficits and surpluses balanced . The process is ...
... deficit . In multilateral trade , the process may be a little more complicated but it is entirely , manageable . A clearing house can be set up for a group of trading countries and the deficits and surpluses balanced . The process 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