FOFOA: Gold is Money
Written by admin on October 17, 2009 – 11:26 pm -Currency (1699) 1 a: circulation as a medium of exchange b: general use, acceptance, or prevalence 2 a: something (as coins , government notes, and bank notes) that is in circulation as a medium of exchange b: paper money in circulation c: a common ….. The non-dollar part of the world already knows this. More: FOFOA: Gold is Money Read More →
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the_recession: The Twilight of Money
Written by admin on October 17, 2009 – 9:12 pm -On top of the usual levels of abstraction – a commodity used to measure value (gold), receipts that could be exchanged for that commodity ( paper money ), and promises to pay the receipts (checks and other financial paper ) – contemporary societies …. The farmers who pastured their sheep in the ruins of Rome’s forum during the Dark Ages lived in an economy of barter and feudal custom, in which coins were rare items more often used as jewelry than as a medium of exchange. Read more from the original source: the_recession: The Twilight of Money Read More →
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The Importance of Gresham's Money Law and Fed Bad Money :: The …
Written by admin on October 17, 2009 – 1:57 pm -Prior to World War I, when a nation’s currency was defined as a specific quantity and fineness of gold, and when the central bank or treasury redeemed gold on demand, there were fixed exchange rates between gold-backed currencies. … GOLD, PAPER , AND THE GUN. Continued here: The Importance of Gresham's Money Law and Fed Bad Money :: The … Read More →
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Beware the Gold Bug
Written by admin on October 17, 2009 – 10:20 am -Gold is sold in coin form, and looks and feels like cash. Unfortunately, also like cash, gold yields no return. If you put a roll of coins in a safety deposit box, a decade from now you’ll have the same roll of coins — and in the … Here is the original post: Beware the Gold Bug Read More →
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Danger of hoarding dollars: A cautionary tale
Written by admin on October 17, 2009 – 7:53 am -The U.S. Read the rest here: Danger of hoarding dollars: A cautionary tale Read More →
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What Is Money? Part 7: Gresham's Law | DoomDaily
Written by admin on October 17, 2009 – 6:30 am -Prior to World War I, when a nation’s currency was defined as a specific quantity and fineness of gold, and when the central bank or treasury redeemed gold on demand, there were fixed exchange rates between gold-backed currencies. … To understand the two gold standard systems, think of paper money , gold coins , and a gun Excerpt from: What Is Money? Part 7: Gresham's Law | DoomDaily Read More →
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What Is Money? Part 7: Gresham's Law : Truth is Contagious
Written by admin on October 17, 2009 – 6:23 am -Prior to World War I, when a nation’s currency was defined as a specific quantity and fineness of gold, and when the central bank or treasury redeemed gold on demand, there were fixed exchange rates between gold-backed currencies. … To understand the two gold standard systems, think of paper money , gold coins , and a gun. View original post here: What Is Money? Part 7: Gresham's Law : Truth is Contagious Read More →
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What Is Money? Part 7: Gresham's Law | Brian Roberts
Written by admin on October 17, 2009 – 6:23 am -Prior to World War I, when a nation’s currency was defined as a specific quantity and fineness of gold, and when the central bank or treasury redeemed gold on demand, there were fixed exchange rates between gold-backed currencies. … To understand the two gold standard systems, think of paper money , gold coins , and a gun More here: What Is Money? Part 7: Gresham's Law | Brian Roberts Read More →
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