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My questions deals with transitioning away from a fiat currency in a country with zero gold in its treasury. Rothbard, in The Case Against the Fed, states the U.S. can transition away from fiat currency by dividing the amount of dollars by the gold stored in the treasury. For the sake of discussion,...
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I was looking for information regarding the Banking lobby in the United States. So far, I have only been able to find data regarding banking contributions to the 2 political parties, but I would really prefer to have more in depth information regarding this matter. I think that having such data would...
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I have an idea. More than an idea, a high-level software architecture for a distributed banking system based on sound money (in this case silver-backed - but could be gold or whatever). This would not be under the control of any sort of centralized bank. Completely decentralized, much like the torrent...
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[quote user="MatthewF"] what would it be? Why?[/quote] One thing? Stop participating in banking! Since banking is inflationary, a large contraction of a large group of folks would also cause a contraction in the money supply. Fractional reserve central banking, is theft against it's consumers...
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i worked for a bank briefly. didnt get much out of it but i recall discussion about some modificationson clearing-function software that was being installed ormodified with this particular bank. i cant say for sure but i guess there would be a few gold warehouse branches with software designed to digitally...
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Anybody have one on hand? Thanks, Luis.
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I just finished reading most of “The Mystery of Banking” and “America’s Great Depression” and I just can’t seem to figure out this one thing about the Federal Funds Rate. I know that the Fed doesn’t just “set” the rate; rather it sets a target rate...
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I was wondering if anyone else here has had a chance to see The International. I thought it was fascinating especially since the main villian in the movie is a bank. In one scene Clive Owen's character, Louis Salinger, an Interpol agent is questioning the CEO of a defense weapons manufacturer, Umberto...
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I think this will answer your question if it hasn't been answered already. Hopefully someone will get some use out of the information at least. I deposit money into a checking account at a bank (money in the Austrian sense). This is a demand deposit, which means that the funds must be immediately...
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http://www.ronpaulforums.com/showthread.php?t=171697 Do Libertarians Really Want a Free Market in Banking? Libertarians, Ron Paul supporters, 'community currency advocates', so-called Austrian ' economists '...are they serious in their mission or just a bunch of milquetoast, keyboard...