http://www.zerohedge.com/news/2013-03-02/china-central-bank-says-it-fully-prepared-looming-currency-war Central banks itself are a catastrophe, central banks and Fiat money of paper with which you have to pay is just a desaster waiting to happen. A real strongtstate would have currency with some value...
of the current crises but return to sound economic action. As long as we do not take "Human action" serious we'll be fubar. We'll also be fubar while keeping fiat-paper as money. The history of fiat-paper is devastation. And there is no other word which just gets near this meaning....
Well in my opinion there is an order of imporance for our money system. The base is the fiat-money has to go. Nothing else will help the honest. All fiat-money systems are systems of defraud. The holders of the "money" are states in the form of central banks. So it's clear central banks...
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F Dominicus Blog
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Friedrich Dominicus
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Wed, Jun 27 2012
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Filed under: order, free trade, end the fed, end the central banks, worthless money, gold as currency, what is important, debt avalanches, end central banks, end big government, end, introducing sound money
to read the comments on price development at least for Gold. I tend to day it does not make sense at all to expect anything of worth from stock "experts". Can one talk about a down for gold if it's moving just 0.5%? Well I think no. And what's worse, this opinions must make your head...
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Friedrich Dominicus
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Tue, Jun 19 2012
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Filed under: blackmail, civil rights, stealing, fiat-money, who's wrong?, too much money, gold, unjustice, broken, "experts", precious metals, against the markets, too much debt, unsound money, stupid lies, addiction, end central banks, unlawful, saving is a virtue
the disaster can be subsumed under one small sentence. The problems are there because of the monopolies of states. In this case the monopoly of currencies. The FED , ECB etc, do just get their position because the state sanctioned it. It's very easy. Just the Dollar or Euro are the lawfu payment...
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F Dominicus Blog
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Friedrich Dominicus
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Thu, May 31 2012
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Filed under: central banks, bribe money, wothless money?, unsustainability, dictatorship, unjustice, broken, devaluating money, against the markets, big government, unsound money, end central banks, money monopoly, alternatives, unlawful
Not all debts are born equal. And even those being born equal may change over time. You can bet it's another round about Greece. So yes Greece has emitted bonds. (so for so bad). Now it's getting a bit crazy. During 2010 these bonds were accepted as security for other debts (so far so bad), but...
Well dear investors, it is time to conclude. One can not rely on economic data any more. The central banks do manipulate the interest and keep it on record lows. This just means you do not even get the proper interest to account for the inflation. In short the central bank, inflate the amount of funny...
According to von Mises the Bust is the cure and the Boom the desease. So the way out is chrystal clear. As long as we try to prolong the boom the harder and harsher the Bust. Now we have to pinpoint the problems in some logic congruent way. So we know that the states ever have expanded their activities...
in the comments of Mises. It's to interesting and revealing. Here it is: http://oregonstate.edu/cla/polisci/faculty-research/sahr/sumprice.pdf One can say after the second world war inflation is the established money policy. And that means always those who saved have been punished. Think about lending...
That trusting the state with our money was/is one of the worst ideas. Well of course the deledefs will never admit that. But if this system will break down, there may be a time at which we'll get a chance. But till then you can help us ending the central banks especially in one way. Do not give any...