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Articles related to Paper money
 
FoFOA
All Paper is STILL a short position on gold 
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape
Tuesday, April 25, 2017
Egon von Greyerz - Matterhorn AM
  If You Understand History and Economics, You Understand Gold 
by Egon von Greyerz How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist. The article begins with a graph of gold starting in September 2011. Anyone who knows anything about gold recognises that this is the time when gold reached a peak of $1,930. Between 1999 and 2011 gold had gone from $250 to $1,930 which
Monday, April 24, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Nathan Lewis - New World Economics
The Bank of England, 1844-1913
In 1844, there was a new regulation of the Bank of England called the Bank Charter Act of 1844, also known as Peel's Act. Read Wikipedia on the Bank Charter Act of 1844 This officially made the Bank of England the sole issuer of banknotes in England, although it was functionally the sole issuer before then. It also split the Bank into two Departments: an Issue Department, wholly responsible for banknotes, and a Banking Department, which was not involved in
Friday, April 21, 2017
Frank Shostak
What Is the "Correct" Growth Rate of the Money Supply?
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money, which must be accommodated.Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression.Since growth in money supply is of such importance, it is not surprising that economists are continuously searching for the right
Thursday, April 20, 2017
Nathan Lewis - New World Economics
  The Story of Gold Money, Past, Present and Future, by Edwin Walter Kemmerer
There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source. Gold and the Gold Standard: The Story of Gold Money, Past, Present and Future (1944) is something of an exception to this pattern. Edwin Walter Kemmerer was a professor at Princeton. Wikipedia o
Wednesday, April 19, 2017
Egon von Greyerz - Matterhorn AM
SUPERNOVA, WAR AND $64 TRILLION GOLD
By Egon von Greyerz As we approach the beginning of the greatest wealth destruction in history, it is an absolute certainty that no one will escape the suffering that will be brought upon the world. The ones who will suffer the least financially are of course the poorest since they have very little to lose. At the same time, many of the poor will die of famine and disease. The middle class will also suffer since many will lose their jobs. They will lose pensions as well, since pension funds will
Sunday, April 16, 2017
Thorsten Polleit
The Next Step in Europe's Negative-Interest-Rate Experiment
The European Central Bank (ECB) pushed its deposit rate to minus 0.4 percent in April 2016: Since then, euro area banks must pay 0.4 percent per annum on their excess reserves held at ECB accounts. This, in turn, has far-reaching consequences. To start with, banks seek to evade this "penalty rate," especially by buying government bonds.  That inevitably pushes bond prices up and lowers bond yields. Moreover, the ECB keeps monetizing government debt as well. The result is a tremendous dow
Thursday, April 6, 2017
Bix Weir
The Three Gold Camps
I believe I have found a suitable starting point when I talk about Gold, and I’d like to share it with you to help explain “WHY” to your friends and family. With people who have little or no knowledge of gold, I have decided to start all conversations by narrowing down the different gold “Camps”. Let’s call them the “3 Gold Camps” and here they are:
Saturday, April 1, 2017
Michael S. Rozeff - Mike S. Rozeff
  The US Constitution and Money 
This article outlines what the U.S. Constitution’s clauses and references to money mean. It examines constitutional money from a legal perspective. It does not examine money and banking from an ethical, economic, or political point of view. The idea is simply to set down in the clearest terms possible what kind of money is legal in the U.S., according to the Constitution, and what kind of money is not.
Tuesday, March 28, 2017
Nathan Lewis - New World Economics
The Bank of England 1720-1844
we have now a bit of updating of something we looked at before: the Bank of England's balance sheet during the 18th and 19th centuries, when it was the premier institution managing a gold standard paper money system in the world. The Bank of England eventually served as the example imitated throughout the world, particularly in the latter 19th century and into the early 20th century. January
Monday, March 27, 2017
Mark O'Byrne - gold.ie
A beginner's guide to investing in Gold 
One’s motivation for buying gold is fundamental to deciding in which form you should buy it. Are you a speculator, investor or saver? Do you wish to take a short term speculative position in gold? Are you investing for the short, medium or long term? Or are you diversifying, saving or using gold as a form of financial insurance?
Sunday, March 19, 2017
Egon von Greyerz - Matterhorn AM
THE IDES OF MARCH – GOLD AT $14,463 and SILVER AT $669
THE IDES OF MARCH – GOLD AT $14,463 and SILVER AT $669 By Egon von Greyerz In the Roman calendar, the Ides of March was the same as March 15th in today’s calendar. This date was not significant until Julius Caesar was assassinated on 15 March 44BC. Shakespeare then coined the phrase “Beware of the Ides of March” in his Julius Caesar work. So will March 15, 2017 be significant. We will soon know. There are some noteworthy events taking place on March 15. The debt ceiling must be reset that day a
Thursday, March 16, 2017
Chris Powell - GATA
Ron Paul urges Arizona lawmakers to end capital gains tax on gold coins
http://tucson.com/news/ron-paul-to-az-lawmakers-end-capital-gains-tax-on... PHOENIX -- Invoking claims of illegally printed paper money, the use of gold in the Bible and even foreign entanglements, former Congressman Ron Paul urged Arizona lawmakers Wednesday to let coin collectors and investors escape the state's capital gains tax. Paul, a three-time presidential hopeful, told members of the Senate Finance Committee it's not fair or even legal from his perspective for the government to take its
Monday, March 13, 2017
David Morgan - Silver Investor
  Correcting Antal Fekete's Historical Silver Errors 
In "The Double Whammy of Geopolitical Gold Games reposted in February 2013 (from January 31, 2008) by Antal Fekete he stated some errors of fact! Marco Polo, guide us on this excursion to China! Bruce Lee, help our reflexes to be as fast as yours! May we not be slap happy like Jackie Chan! Wo Fat, do not mislead us! Antal mentioned China's silver money system going back to the 16th century, then stated" "CHINA'S EXTERNAL TRADE WAS INSIGNIFIC
Saturday, March 11, 2017
Nathan Lewis - New World Economics
loating Currencies of the Classical Gold Standard Era, 1850-1914
Many currencies were linked to gold during the Classical Gold Standard era, 1850-1914. But, not all of them. Here is a record of some currencies that had periods of floating, often interspersed with periods when they were fixed to gold. You will notice that there is a strong Southern Europe/Latin America theme here. Much of the data comes from the Jorda-Schularick-Taylor Macrohistory Database, which is here: http://www.macrohistory.net/data/ More is available at the Historical Financial Statisti
Sunday, March 5, 2017
Egon von Greyerz - Matterhorn AM
WILL THE FED TELL EVERY AMERICAN TO BUY GOLD BEFORE IT DESTROYS THE DOLLAR?
Western Central Banks have a real knack for timing the sale of their gold reserves. They are absolute experts when it comes to picking the bottom of the gold market. Central banks in the UK, Switzerland and Norway, to mention a few, timed their sales to perfection. The only problem is that they all sold at the absolute bottom between 1999 and 2004. That was of course the time to buy gold and not to sell. But the Finance ministers in charge of Western economies have no understanding of economics.
Monday, February 27, 2017
Phoenix Capital - Gains Pains & Capital
Gold, Liberty, and the War on Cash
Interested in precious metals investing? Email usHERE Gold, Liberty, and the War on Cash Written by Jeff Nielson (CLICK HERE FOR ORIGINAL) The War on Cash is not merely continuing, it is intensifying. It began in the West, with relatively minor infringements on our right to use the currency of our own nation. The War has now shifted to India, been radically ratcheted up, and inflicted upon a population of 1.2 billion people, where 68% of transactions were conducted with cash. Regular
Thursday, February 23, 2017
Mac Slavo - ShtfPlan
“Hold Gold”: Why This Country Wants Its People to Buy Gold
This article was written by Shaun Bradley and originally published at The Anti-Media.org. Editor’s Comment: Important things are happening on the global stage with regard to the money system. It is a long game, and will take many years to fully play out. But one of those important developments involves the feverish return to gold holdings in both China and Russia, and many individuals in these societies, in India and other burgeoning world powers are also investing in gold. The reason? There is
Wednesday, February 22, 2017
Antal E. Fekete - Gold University
  Silver and Opium 
From the mid-17th century more than 9 billion Troy ounces or 290 thousand metric tons of silver was absorbed by China from European countries in exchange for Chinese goods. The British introduced opium along with tobacco as an export item to China
Wednesday, February 22, 2017
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