Archive for the ‘Fiat Currency’ Category
YOUTUBE WOULD NOT ALLOW ME TO UPLOAD THIS, SO IT MUST BE TRUE. THIS IS MY FOURTH ATTEMPT TO UPLOAD http://www.youtube.com/user/originalmetalchick (my backup channel – be sure to sub)
THIS IS HAPPENING IN TEXAS – FOR NOW http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” Citigroup said on statements received by customers all over the country
http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm
Duration : 0:3:41
The Truth about Honest Money
Today is Christ’s Mass, please don’t drink and drive. But be Merry 
I have put together a quick introduction to the concept of honest money, or what is sometimes called “sound money”.
Please enjoy this video.
“sound money” “austrian economics” “fiat currency” inflation hyperinflation “honest money” gold silver “gold bug” 2012 “marc faber” “jim rogers” “alex jones” manoftruth george4title davincij
Duration : 0:7:57
The Truth about Honest Money
Today is Christ’s Mass, please don’t drink and drive. But be Merry
I have put together a quick introduction to the concept of honest money, or what is sometimes called “sound money”.
Please enjoy this video.
“sound money” “austrian economics” “fiat currency” inflation hyperinflation “honest money” gold silver “gold bug” 2012 “marc faber” “jim rogers” “alex jones” manoftruth george4title davincij
Duration : 0:7:57
YouInformed – ‘NO AGENDA’ – just ‘QUALITY INFORMATION’
This series has been uploaded following a request and information received that it was not easily available. If you are aware of a title on any subject which is not generally available, or can’t be found on YouTube – Please contact us and we’ll see if we can locate and then upload it.
YouInformed
Duration : 0:10:34
The USA dollar is going to collapse. This video is intented for the Canadian audience
Duration : 0:11:39
This is Question 1 in a series of Modern monetary theory interviews – Professors Bill Mitchell and Randy Wray. See billy blog (http://bilbo.economicoutlook.net/blog) for more information on this approach to macroeconomics. You can also get more information from Centre of Full Employment and Equity (http://e1.newcastle.edu.au/coffee).
Questions asked:
The emergence of countries such as the United States, Australia and other countries around the world, modern countries, adopting a fiat currency becomes a significant issue. Can you explain what a fiat currency is?
Duration : 0:5:22
Al Korelin talks about the Gold Standard vs. a Fiat Currency system with Paul Warren, Jay Taylor and Ian Gordon at the 2007 Vancouver Resource Investment Conference.
To learn more visit www.kereport.com
Duration : 0:5:34
www.wwgfa.net
Ron Paul, Before the U.S. House of Representatives, April 25, 2006
The financial press, and even the network news shows, have begun reporting the price of gold regularly. For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady.
Since 2001 however, interest in gold has soared along with its price. With the price now over $600 an ounce, a lot more people are becoming interested in gold as an investment and an economic indicator. Much can be learned by understanding what the rising dollar price of gold means.
The rise in gold prices from $250 per ounce in 2001 to over $600 today has drawn investors and speculators into the precious metals market. Though many already have made handsome profits, buying gold per se should not be touted as a good investment. After all, gold earns no interest and its quality never changes. It’s static, and does not grow as sound investments should.
It’s more accurate to say that one might invest in a gold or silver mining company, where management, labor costs, and the nature of new discoveries all play a vital role in determining the quality of the investment and the profits made.
Buying gold and holding it is somewhat analogous to converting one’s savings into one hundred dollar bills and hiding them under the mattress — yet not exactly the same. Both gold and dollars are considered money, and holding money does not qualify as an investment. There’s a big difference between the two however, since by holding paper money one loses purchasing power. The purchasing power of commodity money, e.g., gold, however, goes up if the government devalues the circulating fiat currency.
Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar.
One of the characteristics of commodity money — one that originated naturally in the marketplace — is that it must serve as a store of value. Gold and silver meet that test — paper does not. Because of this profound difference, the incentive and wisdom of holding emergency funds in the form of gold becomes attractive when the official currency is being devalued. It’s more attractive than trying to save wealth in the form of a fiat currency, even when earning some nominal interest. The lack of earned interest on gold is not a problem once people realize the purchasing power of their currency is declining faster than the interest rates they might earn. The purchasing power of gold can rise even faster than increases in the cost of living.
The point is that most who buy gold do so to protect against a depreciating currency rather than as an investment in the classical sense. Americans understand this less than citizens of other countries; some nations have suffered from severe monetary inflation that literally led to the destruction of their national currency. Though our inflation — i.e., the depreciation of the U.S. dollar — has been insidious, average Americans are unaware of how this occurs. For instance, few Americans know nor seem concerned that the 1913 pre-Federal Reserve dollar is now worth only four cents. Officially, our central bankers and our politicians express no fear that the course on which we are set is fraught with great danger to our economy and our political system. The belief that money created out of thin air can work economic miracles, if only properly “managed,” is pervasive in D.C.
In many ways we shouldn’t be surprised about this trust in such an unsound system. For at least four generations our government-run universities have systematically preached a monetary doctrine justifying the so-called wisdom of paper money over the “foolishness” of sound money. Not only that, paper money has worked surprisingly well in the past 35 years — the years the world has accepted pure paper money as currency. Alan Greenspan bragged that central bankers in these several decades have gained the knowledge necessary to make paper money respond as if it were gold. This removes the problem of obtaining gold to back currency, and hence frees politicians from the rigid discipline a gold standard imposes.
Duration : 0:6:24
My version of the Pink Floyd song Money or alternatively Greed & Fiat Money aka – Government decreed legal tender. It is worthless printed paper with no real true value to back it. All fiat currency in existence is based on how much is in circulation, it is master & we serve it- shouldn’t that be the other way around??. The world bank & its banking system is the system that gives us the currency of perpetual debt – forever. Lets consider for a moment: -How do the banks that only create digital money into existence from fractional reserve banking make us pay for it in interest when all Governments could do this at no interest at all???
See the movie “Money as debt”.
Duration : 0:6:23