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Tag Archives: fiat currency
Today’s Money Regimes Are Doomed To Failure
Today’s Money Regimes Are Doomed To Failure Centrally issued money centralizes wealth and generates systemic inequality. A Thought Experiment on Money Let’s imagine a small mountain kingdom with only ten very scarce and thus highly valued seashells in circulation. These few shells are certainly valuable in terms of scarcity, but there aren’t enough of them […]
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression One that unwinds the past 50 years of globalization Richard Duncan, author of The Dollar Crisis and The New Depression: The Breakdown Of The Paper Money Economy, isn’t mincing words about the risks he sees ahead for the world economy. Essentially, he sees the past 50 years […]
Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come”
Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come” When “very serious people” (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times. On the other hand, when Zero Hedge said precisely this 6 […]
Financial Kamikazes At Work——Why The End is Kind of Nigh
Financial Kamikazes At Work——Why The End is Kind of Nigh All Good Things Must End Today, I’m going to tell you about the end of the world. Not the end of the world exactly. But the end of the fiat money system President Nixon gave birth to in 1971… when he cut the dollar loose […]
Debt-damned economics: either learn monetary reform, or kiss your assets goodbye (2 of 7)
Debt-damned economics: either learn monetary reform, or kiss your assets goodbye (2 of 7) The following is my high school teaching assignment for Advanced Placement Macroeconomics students (available as extra credit for other classes) on how money is created. I offer this for non-profit use; divided into seven sections: Instructions (1 of 7) Contextual orientation: […]
Why Japan is Not Greece or EU For that Matter
Why Japan is Not Greece or EU For that Matter QUESTION: Hello Martin There are a few writers who speculate the the yen will be the first currency to fall (because Japan has been tied into QE and flat interest rates for decades already, and their manufacturing is suffering). How do you think the currency situation […]
One Last Look At The Real Economy Before It Implodes – Part 1
One Last Look At The Real Economy Before It Implodes – Part 1 We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just […]
How Our Crazy Money System Wo
How Our Crazy Money System Works Squirrelly and Subtle Yes, we were in London, taking care of business. Now, we’re back in Buenos Aires. We’ve tried medication. We’ve tried prayer. We’ve tried heavy drinking – all in an effort to understand how our crazy money system works. And where it leads. You’d think it would […]
Why Does Fiat Money Seemingly Work?
Why Does Fiat Money Seemingly Work? Introducing Money Imagine three men living on a small island. Toni is mining the local salt mine, and apart from him there are Pete the fisherman and Tom the apple grower and their families. They have a barter trading system set up: Toni exchanges his salt for Pete’s fishes […]
Failing Stimulus And The IMF’s New ‘Multilateral’ World Order
Failing Stimulus And The IMF’s New ‘Multilateral’ World Order My theme for 2015 has been the assertion that this will be a year of shattered illusions; social, political, as well as economic. As I have noted in recent articles, 2014 set the stage for multiple engineered conflicts, including the false conflict between Eastern and Western […]
Gold “Terrifies” the International Monetary System | Wolf Street
Gold “Terrifies” the International Monetary System | Wolf Street. Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. This was driven home again in a variety of ways, including what transpired before the Swiss gold referendum and Mario Draghi’s “all assets but gold” declaration. So I asked a […]
World in a Box
World in a Box. Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt and more […]
“I am a hard working taxpayer who is getting pretty fed up. . .”
“I am a hard working taxpayer who is getting pretty fed up. . .”. So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture, the rejection of the “Save Our […]
Russia’s Monetary Solution | StealthFlation
Russia’s Monetary Solution | StealthFlation. The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies. The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable […]
Keynesian Hit Men On The Road—–Krugman And Rogoff Peddling Toxic Advice | David Stockman’s Contra Corner
Keynesian Hit Men On The Road—–Krugman And Rogoff Peddling Toxic Advice | David Stockman’s Contra Corner. Here are a couple of reasons why Keynesian economists are truly a menace in today’s bubble ridden and debt-impaled world. It seems that both Harvard’s Kenneth Rogoff and Princeton’s Paul Krugman are on the global advice circuit, peddling what amounts to sheer […]
