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Tag Archives: fiat currency
In The Fed We Trust – Part 1
In The Fed We Trust – Part 1 This article is the first part of a two-part article. Due to its length and importance, we split it to help readers’ better digest the information. The purpose of the article is to define money and currency and discuss their differences and risks. It is with this […]
How Asset Inflation Will End–This Time
HOW ASSET INFLATION WILL END — THIS TIME Life after death for asset inflation: this is what happens when “speculative fever” remains high even after monetary inflation has paused. This may well have been the situation in global markets during 2019 so far. But history and principle suggest that life after death in this monetary […]
Fiat World
Fiat World That’s a still photo from the Netflix documentary “Behind the Curve”, a really good movie about the Flat Earth movement. I’ll come back to this in a minute. But first … I was going to save this email for the Mailbag, but couldn’t resist using it now. Hey There Ben You and […]
The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead
The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. […]
The Demise of Physical Money: A Retail Worker’s Perspective
The Demise of Physical Money: A Retail Worker’s Perspective Something I have come to realise about money is that the more you come into direct contact with it, the less alluring it becomes. That may sound like a hollow platitude, but when your history of paid work has predominately involved handling thousands of pounds through face […]
The Demise of Physical Money: A Retail Worker’s Perspective
The Demise of Physical Money: A Retail Worker’s Perspective Something I have come to realise about money is that the more you come into direct contact with it, the less alluring it becomes. That may sound like a hollow platitude, but when your history of paid work has predominately involved handling thousands of pounds through face […]
How the Euro Enabled Europe’s Debt Bubbles
How the Euro Enabled Europe’s Debt Bubbles It’s the twentieth anniversary of the euro’s existence, and far from being celebrated, it is being blamed for many — if not all — of the Eurozone’s ills. However, the euro cannot be blamed for the monetary and policy failures of the ECB, national central banks and politicians. […]
‘Modern Monetary Theory’ Is a Joke That’s Not Funny
‘Modern Monetary Theory’ Is a Joke That’s Not Funny Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy. There’s a theory behind it. Photographer: Eva Hambach/AFP/Getty Images If you follow the debates over U.S. economic policy, you had probably heard of […]
How California stayed with gold when the rest of the U.S. adopted fiat money
How California stayed with gold when the rest of the U.S. adopted fiat money We are ten years into the age of bitcoin. But people are still using national currencies like yen, dollars, and pounds to buy things. What does history have to say about switches from one type of monetary system to another? In […]
Money is no Object
Money is no Object Chances are, most of what you’ve learned about taxes and the economy is wrong. In fact, the key principles at work in our economic system are very different from what we’re taught. If you find you’re one of those who’s been misled, it’s not your fault. A system such as ours […]
The Tragedy Of The Euro
The Tragedy Of The Euro After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for […]
