Difference between revisions of "Fiat currency"
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* "The one aim of these [[Category:Banksters|Banksters]] is [[New World Order|world control]] by the creation of inextinguishable [[debt]]." - [[Henry Ford]] | * "The one aim of these [[Category:Banksters|Banksters]] is [[New World Order|world control]] by the creation of inextinguishable [[debt]]." - [[Henry Ford]] | ||
* "[[Gold]] is the [[money]] of [[king]]s, [[silver]] is the money of gentlemen, [[barter]] is the money of [[peasant]]s and [[debt]] is the money of [[slave]]s." -- Traditional | * "[[Gold]] is the [[money]] of [[king]]s, [[silver]] is the money of gentlemen, [[barter]] is the money of [[peasant]]s and [[debt]] is the money of [[slave]]s." -- Traditional | ||
| + | * "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 [[big government|centralized control]], until the only remaining choice is between [[deflation]]ary collapse or runaway [[inflation]]. The people in charge at that point are in a box with no painless exit."<ref>World in a Box by John Rubino, http://www.24hgold.com/english/news-gold-silver-world-in-a-box.aspx?article=6093328534H11690&redirect=false&contributor=John+Rubino Published December 8, 2014, Accessed December 27, 2014</ref> | ||
==See Also== | ==See Also== | ||
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[[Category:Finance]] | [[Category:Finance]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
| + | [[Category:Money]] | ||
Revision as of 11:52, December 27, 2014
Fiat currency is currency that is founded merely on government decree and cannot be converted to an asset such as gold and silver[1]. It is any currency that is issued at will (usually by a government) without precious metals or other tangibles backing its value. (From the Latin "Let it be done.")
Quotes
- "The one aim of these is world control by the creation of inextinguishable debt." - Henry Ford
- "Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants and debt is the money of slaves." -- Traditional
- "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 centralized control, until the only remaining choice is between deflationary collapse or runaway inflation. The people in charge at that point are in a box with no painless exit."[2]
See Also
- American economic history
- Essay:Invest in tangibles - Economic preparedness
- Self-directed IRA and IRA, 401(k), Roth IRA, 403(b), Retirement, Social security
- Obamunism: Income redistribution of Obamanomics Economic planning of the Obama administration fiscal policy, Obama administration monetary policy, Obamacare, Federal funding via Crony capitalism (Obama donor list, Bailout, Obama administration corporate bailouts, Obamageddon)
- National debt: Debt Ceiling-Deficit spending and the Federal Reserve System's Ponzi scheme of Quantitative easing-Debt monetization devaluation of Fiat currency through Money supply-Treasury bills bought mostly by China and Japan
- Economic collapse: Inflation, Agflation, Deflation, Stagflation, Hyperinflation (Weimar Republic, Zimbabwe, Argentina), Panic of 1907, Panic of 1893, Panic of 1837, Eurozone Crisis, Loss of American manufacturing base and U.S. Dollar reserve currency status to BRICS nations - Brazil-Russia-India-China-South Africa
- Stock market crash (Stock market crash of 1929) leading to Bank runs and Great Depression (Economic depression)
- Economic bubbles: The Coming Derivatives bubble, Real estate bubble (Subprime loans, Bailout, Obama administration corporate bailouts), Dot com bubble (Tulip mania)
- Financial Crisis of 2008 leading to Recession of 2008 (Recession), Economic stimulus, American Recovery and Reinvestment Act of 2009, Recovery Summer 2010
- John Maynard Keynes liberal Keynesian economics and Fabian Socialist influence on Barack Obama
- Big Government: Liberal ObamaCare-Common Core-Social Security Welfare state leads to Nanny state, leads to Gun control, Militarization of police, Asset forfeiture and Domestic mass surveillance of law-abiding citizens via the Police state: Globalist-United Nations-Statist-Socialist-National Socialist-Communist
Contrast with:
- Ludwig von Mises' conservative libertarian Austrian economics and Fiscal conservatism -Capitalist Conservative economic policies of Ron Paul
- Limited government implies: Conservative values/Traditional values - Modern conservatism - Modern preparedness are the original American Patriot Founding Fathers' values
- Family values and Parental rights: Sanctity of life, Family-Marriage, Homeschooling teaching Virtue, Patriotism, Duty, and Self-reliance
- Modern preparedness: "if times get tough, or even if then don't", Debt is financial cancer, Tax is theft, Renewable energy, Financial security, You are in control of your life
- Cumberland part of the American Redoubt - Tennessee and Kentucky - M.D. Creekmore
References
- ↑ http://www.halexandria.org/dward297.htm
- ↑ World in a Box by John Rubino, http://www.24hgold.com/english/news-gold-silver-world-in-a-box.aspx?article=6093328534H11690&redirect=false&contributor=John+Rubino Published December 8, 2014, Accessed December 27, 2014