The Theft of Nations: Returning to Gold |
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Page 11
... interest , and that the banks would in turn lend the money to others at a higher interest rate . But this is not the truth . Most money is truly created out of thin air ( and hence the term ' fiat ' ) by the banks and equally surprising ...
... interest , and that the banks would in turn lend the money to others at a higher interest rate . But this is not the truth . Most money is truly created out of thin air ( and hence the term ' fiat ' ) by the banks and equally surprising ...
Page 69
... interest are at the root of the instability and unjustness of the fiat monetary system . The opposites of those three characteristics are of course : real money , 100 per cent reserve requirement and a negative interest rate ( e.g. a ...
... interest are at the root of the instability and unjustness of the fiat monetary system . The opposites of those three characteristics are of course : real money , 100 per cent reserve requirement and a negative interest rate ( e.g. a ...
Page 83
... interest - based one . In Malaysia , long before the era of colonialism , the historical rulers of the northern ... rate will determine the “ ufti ” rate . This is necessarily a huge ufti because even a small interest rate of 5 per cent ...
... interest - based one . In Malaysia , long before the era of colonialism , the historical rulers of the northern ... rate will determine the “ ufti ” rate . This is necessarily a huge ufti because even a small interest rate of 5 per cent ...
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