Tag: monetary system

David Morgan: Gold Plays An Important Role In Monetary History

| December 13, 2013 | Category: Investing
David Morgan: Gold Plays An Important Role In Monetary History

In this interview, Sprott Money talks with David Morgan about several topics. We have picked out some interesting parts of the discussion: long and short term outlook for the metals, as well as the part about the gold standard.

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The Most Misunderstood Threat Of Economic Implosion

The Most Misunderstood Threat Of Economic Implosion

With a global competition in currency debasements, with limitless monetary stimulus, with decreasing effects of monetary expansion, with a conscious infringement of the monetary rules, it should be clear that there is hardly a way back for our leaders. Given this outlook, we believe it is a matter of “when,” not “if” the next collapse occurs.

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Morgan: Over The Long Run Gold & Silver Will Be The Ultimate Currency

| November 19, 2013 | Category: Investing
Morgan: Over The Long Run Gold & Silver Will Be The Ultimate Currency

I believe that, over time, some currency or currencies could look better than the dollar, but over the long run gold and silver will eventually, in real terms, go into levels that exceed the expectations of most people.

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How Does The Collapse Of The Monetary System Look Like?

How Does The Collapse Of The Monetary System Look Like?

In a video interview on RT, Jim Rickards explains his view on the coming collapse of the international monetary system. He also argues why he does not expect any tapering.

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A Closer Look At Bank Bail-Ins And The Black Hole Of Our System

A Closer Look At Bank Bail-Ins And The Black Hole Of Our System

This is exactly what happens every time when a bubble collapses because the cause of the bubble is bank leverage! When the bubble collapses, the leverage is gone but “it exists in a negative sense”: so much more is owed than ever existed in the first place. This is the black hole of the current economic and monetary system.

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Our Monetary System Is Responsible For The Growing Inequality

Our Monetary System Is Responsible For The Growing Inequality

PositiveMoney, dedicated to expose the destructive power of the current monetary system, explains how the inequality gap has increased continuously over the last thirty years. According to a recent research from one of their contributors, it appears that several factors contribute to the growth of inequality, but at the heart is the operation of the banking system. To resolve inequality, it is mandatory to change the way money is created.

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David Morgan: Only A Major Crisis Could Force Monetary Reorganization

David Morgan: Only A Major Crisis Could Force Monetary Reorganization

David Morgan thinks there will be no global currency reorganization like Bretton-Woods II before the problem manifests at a level that is a crisis. “My take is that governments are not proactive but reactive. My take, based on history, is that after there is a major crisis, there will be a sort of Bretton-Woods agreement. At that time it could be too late though. There could be so much disruption on a global basis that it might be very hard to get things in order.”

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Ron Paul: The Ideal Global Monetary System Is One Without Government

Ron Paul: The Ideal Global Monetary System Is One Without Government

Ron Paul explains that the ideal global monetary system would be one in which the government would be out-of-the-way; markets should decide and apply the rules of ’no counterfeiting’ to the people and to the government. Today, however, the Constitution still says – even though they ignore it – that only gold and silver can be used as legal tender.

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Marc Faber Own 25% Of His Assets In Physical Gold

| September 29, 2013 | Category: Investing
Marc Faber Own 25% Of His Assets In Physical Gold

Faber justifies the share of precious metals in his total portfolio: I recommend an asset allocation of about 25% in equities; 25% in fixed income, securities and cash; 25% in real estate; and 25% in precious metals—gold, silver. I think I have around 25% in gold whereby I don’t value my gold. I have it and it’s my insurance policy. It is important that one day when the so-called shit hits the fan you have access to your gold, that it is not taken away.

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China’s Central Bank Official Calls For New Monetary System

China’s Central Bank Official Calls For New Monetary System

Yao Yudong, one of the officials of the People’s Bank of China’s monetary policy committee, in which “he calls for a new Bretton Woods system to strengthen the management of global liquidity”. According to Zerohedge, “Yao called for more power to the IMF as international copperation and supervision are needed. […] Contrary to prevailing misconceptions that the SDR may be the currency of the future, China just may opt to have its own hard asset backed optionality for the future.”

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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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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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Arizona 2nd US State To Accept Gold & Silver As Currency

Arizona 2nd US State To Accept Gold & Silver As Currency

This week it is Arizona who is one step away of adopting gold and silver official as currency on a state level. The Senate voted 18-10. It is the governor who needs to sign off (but could refuse as well in extremis). The bill will make gold and silver coins legal tender as of mid-2014.

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Jim Rickards Describes Four Future Monetary Scenarios

Jim Rickards Describes Four Future Monetary Scenarios

What will the monetary system look like once a collapse occurs, which Rickards expects in the coming 3 to 5 year time frame. In his view, which he describes in great detail in his book Currency Wars, there are four possibilities: multiple reserve currencies, SDR’s, a gold standard, chaos.

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