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A Simple Guide to the Most Important Subject You Never Learned In School, What Our Money Is, Its History, and an Analysis of a Failing System.

Aurum. Gold for the 21st Century

Aurum. Gold for the 21st Century
The problem of using precious metals for small denomination coinage has been an issue for centuries. This brought the United States to an awkward quad metallic system using gold, silver, copper, and nickel in its coinage.  It is hard to believe today, considering we have copper coated zinc tokens, but the value of a cent was so great at one point that the amount of copper necessary in a penny would have made it too large and cumbersome to be practical.  Because of this the US mint experimented with a small plug of silver in a penny but it was not cost...
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A First Step Toward Sound Money

A First Step Toward Sound Money
Here at Debtcrash we have dedicated much of our content to determining how the government and banking interests might deal with the failing debt based monetary system here, here, here, and here.  This is for good reason since they will likely determine the path taken.  I have tried to make it clear that these are not the directions I would like to take our monetary system, so now I would like to offer a first step of what I would consider the right direction.  It is only a first small step since changing over 100 years of monetary inertia cannot be...
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CaptDebtCrash

Good Idea

Good idea! I hope they correct the bitcoin block-chain size issues to make color coins more practical.
Tuesday, 14 July 2015 17:23
Guest — Dale

Blockchain tech

Those coins could be publicly tracked via Bitcoin blockchain.
Tuesday, 14 July 2015 16:58
CaptDebtCrash

Peter

The price for the metal would be whatever the market price is, as always. It is assumed that the melt value of the precious metal... Read More
Friday, 14 August 2015 15:15
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ECB Preemptively Backstops Assets

b2ap3_thumbnail_Depositphotos_9724083_xs.jpgThis morning the ECB has essentially decided they are going to increase QE as a preemptive move due to a historically period of low liquidity. "(We are aware) of seasonal patterns in fixed-income market activity with the traditional holiday period from mid-July to August characterized by notably lower market liquidity," An ECB official said. Adjusting the amount of money being created to buy assets due to the fear of a lack of buyers, lower market liquidity, smacks of desperation.    Central banks have gone from being data dependent, to implicitly market driven, to giving equity and bond holders an explicit guarantee that...
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The Reason Economists Can Feel Safe Discussing Bans on Cash

Post-Pic.pngWhy do economists currently feel as if it is acceptable to discuss banning the use of cash?  There is the obvious answer that since their go to solution to periodic faltering of the debt based monetary system of lowering interest rates has hit an end point at the zero lower bound, they feel it is necessary to implement negative rates. Yes they certainly see a necessity, which is interesting, considering they would never admit that changing the monetary rules is an indication of failure of their theories. Yet there was a time when going cashless would have been seen for what...
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Guest — Flicker
I’m still trying to understand all of this. Is this all just a coincidence? Was it just random chance that a religion, a major ... Read More
Sunday, 17 May 2015 19:08
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Alan Greenspan, Angel or Demon

Alan Greenspan, Angel or Demon
Alan Greenspan is a man derided as the nemesis of Austrian economics and free market capitalism for good reason.  The long standing chairman of the Federal Reserve implemented policies that exacerbated the boom and bust cycle of recent decades.  For those paying attention this could end in nothing but failure of the financial system as we know it.  To the casual observer he and his apparent strategy was the enemy of sound money, but looking at all of the information available, there are major inconsistencies in this thought process.  This post is the second in my challenge series.  I will challenge...
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US Strength in the Upcoming Monetary Shift

US Strength in the Upcoming Monetary Shift
There is one thing that the current Austrian economic minded Libertarian community seems to pride themselves on and that is challenging the mainstream narrative.  I count myself among them.   I would like to turn some of that skepticism back on some of the standard trains of thought that are often touted as self evident by many among us in a series of posts. The first accepted ‘fact’ I would like to question is that during the next world monetary overhaul the United States will be doing so from a position of weakness.  Here is a quote from Mike Maloney when answering...
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Guest — B.Strong
Jim...you're on the money. The 2008 report reintroduced by the Chinese and later weighting the options 2010 are on the missing imp... Read More
Thursday, 02 April 2015 13:36
Guest — jim
Triffin dilemma. Sdr's transformed into Bancor. This was already talked about so long ago. It was asked for in 2008 by the Chinese... Read More
Wednesday, 01 April 2015 14:58
Guest — genomir
sorry Capt., in my last post I forgot to made my conclusion and got lost ин this never-ending mess called contemporary world so ... Read More
Friday, 22 May 2015 10:16
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