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One future prediction I am certain of. When the Federal Reserve triples the base money supply in two years, while production is collapsing, then prices will rise. When the dollar loses its reserve currency status then prices will rocket. As far as today's CPI numbers are concerned, two things. One...
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I need some help understanding the role of money in our society as it relates to personal finances / fortunes. If the money in my wallet / checking account / investments, etc.. is borrowed from the Federal Reserve to be repaid through work / taxes, then I really don't have any money right? I am simply...
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Is anyone reading The Ethics of Money Production from Jörg Guido Hülsmann? I have just started it and thought of doing some blogging as I read it, then thought of getting some support around here. :) Anyone out there? Let me know. (Please move this if this is the wrong place for such requests...
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This evening, Glenn Beck was on Bill O'Reilly's show, "The O'Reilly Factor." In the segment, Glenn Beck tells Bill that the American people don't have monetary or economic freedom and that one of the reasons we don't is because the U.S. government controls the monetary system...
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Would it be better to back the pound/dollar/euro/whatever with gold or silver? Or both?
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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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What I’ve gotten so far is that he suggests we invert the investment utility of money as a medium of exchange. Rather than earning money for hoarding money (interest on savings), he evokes the thoughts of Silvio Gesell saying that ...money is a public good - like the telephone or bus transport...
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local / competing currencies, as I understand, are the essence of liberty and will, inevitably, lead to the universal acceptance of a gold standard. I believe the usage of localized currencies will be fairly widespread within the next 10years. the past two days, I have become very interested in Bernard...
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My son will be turning 8 years old soon and he is exceptionally bright for his age...and he is really showing a strong interest in economics and politics. He already understands the value of collecting gold & silver over paper money, and totally understands inflation as well! During the presidential...
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Obviously, I am new to economic theory, and some questions have been dogging me for quite some time. Before I begin, I have studied North Korea and other socialist/communist ideologies for a few years. Granted, these studies are based on speculative subjects and humanitarian issues and a smattering of...