RSSCategory: Category: Money & Currency

Wealth Redistribution Is The Result Of How Money Is Created

Wealth Redistribution Is The Result Of How Money Is Created

When somebody takes out a loan, banks create new money electronically, by typing numbers into their account. 97% of all the money in our economy is created in this way, as people take out loans from banks. The more loans people take, the more debt there is, and the more money there is. The shocking fact is that if nobody went into debt, there would be almost no money in the economy.

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Gold, Silver, And The Sins Of The Past

Gold, Silver, And The Sins Of The Past

Politicians and bankers work together to benefit themselves at the expense of the people actually producing something of value. Politicians increase their power and influence by spending ever-increasing amounts of paper currencies. The bankers enable the process by creating paper currencies (from nothing), loaning out this money. This process succeeds until the debts must be paid.

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Jim Rickards: Most Likely Outcome Is Still A Monetary Collapse

Jim Rickards: Most Likely Outcome Is Still A Monetary Collapse

Is it too late to change direction and avoid a collapse? Mr. Rickards believes it is not; we can still avoid it. The key point, however, is that policy makers are not showing signs of understanding the seriousness of the situation and their policy outcomes. They neither show signs of reversing course and solving the underlying structural issues.

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Real vs False Money – Key Insights From Monetary History

Real vs False Money – Key Insights From Monetary History

Where does money come from? Is its value constant or does it change? Are there risks associated with money? These are all important questions, because today’s monetary system combined with fractional reserve banking has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few. In this article we extract 12 insights from a new report prepared by Global Gold Switzerland: “Real vs false money – How our monetary system works and fails.”

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Research Shows Selling Physical Gold For Currency Is Unprofitable

Research Shows Selling Physical Gold For Currency Is Unprofitable

Goldcore’s latest research has shown that consumers are getting a raw deal from the cash for gold sector. Selling gold jewellery in this manner is a classic case of buying high and selling very low – akin to ‘selling the family silver’ for very poor prices. The public is being misled that now is a good time to sell gold. At nearly $1,300 and €1,000 per ounce today, gold is well below its record high of $2,400 per ounce in 1980 in real terms when adjusted for inflation.

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How to Win Currency Wars

How to Win Currency Wars

While currencies are all relative to each another, strategic currency investing can generate positive real returns over time. While the Fed and the Bank of England have been cranking the proverbial printing presses, the European Central Bank has been mopping up liquidity. And the Japanese may be just getting started with their balance sheet expansion.

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Hyperinflation Has Struck Already 56 Times – It Could Hit Again

Hyperinflation Has Struck Already 56 Times – It Could Hit Again

Nick Barisheff did an recent interview with Investor’s Digest of Canada. In it, he explained how an hyperinflationary period does not occur by accident. It is rather a process which comes at the end of five stages. The pattern is recurring. This article covers the process which leads to hyperinflation and the answer to the question why Wall Street inclines to discredit the yellow metal.

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What Currency Controls Mean for You

What Currency Controls Mean for You

We essentially have three options with regard to this eventuality. If we are in a large country that is in decline. We can: (1) Choose to go down with ship. (2) Keep an eye on developments and hope to jump ship at some opportune point. (3) Do a bit of homework and see if we can identify those jurisdictions that may be safer havens for our wealth (and, very possibly, ourselves) and make a move early.

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Own Physical Gold as Governments Destroy Wealth and Squander Tax Payers’ Money

Own Physical Gold as Governments Destroy Wealth and Squander Tax Payers’ Money

It is obvious that the policies of central bankers have been a total failure when it comes to stimulating economic growth. If history does repeat itself, then this nominal rise in asset prices will be followed by a period of rising inflation. The ensuing increase in interest rates will prevent governments from being able to pay the interest on their debt leading to a total loss of confidence in their respective currencies.

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The Public Debate About Money Is Accelerating In The UK

The Public Debate About Money Is Accelerating In The UK

The only limits on this process of money creation are the banker’s instinctive fear of making a bad loan that will lead to a loss, and the fraction of deposits held as liquidity against the possibility that depositors suddenly want their money back – hence the term “fractional reserve banking”. It is at this stage of the credit cycle that the process of money creation goes violently into reverse.

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Japan Loves The Bank Bail-In Model As well

Japan Loves The Bank Bail-In Model As well

Although difficult to spot trends in this uncertain and volatile climate, there is one crystal clear trend appearing. Bank bail-ins became “mainstream” in Cyprus in March of this year. The Europeans fell in love with the model right away. Only two months later the phenomenon is going global. Japan officially announced they will adopt the model when it would be required.

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First Glimpse Inside Fed’s Gold Vault – National Geographic Documentary

First Glimpse Inside Fed’s Gold Vault – National Geographic Documentary

Tthe Federal reserve bank in NY has been trusted enough to guard almost one quarter of the world’s entire gold supply. 80 feet below street level is the largest underground gold vault. The Fed’s discretion and intense security are so trusted that few depositors have ever asked if their gold is still here. If one of these bars got out of the vault and someone melted it down, there is no way to identify where the gold was coming from. It is the perfect recyclable money.

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Gold’s Catalyst Will Be A Loss Of Confidence In Paper Money

Gold’s Catalyst Will Be A Loss Of Confidence In Paper Money

With the whole world tied to the printing press, inflation is just a matter of time, says Jim Rickards. A greater danger is a widespread collapse in confidence in paper money. That will be the single catalyst driving gold to unprecedented levels. The gold price that is needed to reflect the extended monetary base is approximately $7,000.

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Gold Moving To A Sound Money System Is One Of The Big Trends

Gold Moving To A Sound Money System Is One Of The Big Trends

Catherine Austin Fitts’ view is that more of a sound money system in which gold is a part. Also more of an equity system which she considers good because a debt based system is a very unhealthy system. By contrast, an equity based system necessitates cooperation and a willingness to create value.

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