17 Burst results for "Global Monetary System"

"global monetary system" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:14 min | 2 months ago

"global monetary system" Discussed on The Peter Schiff Show Podcast

"Don't see how asking to happen because I think that a if that many people try to use Bitcoin, the cost of the transactions would be prohibitively high, and the currency to Bitcoin is not stable enough to price goods and services directly in Bitcoin. But what I'm talking about isn't that I'm talking about the world's central banks all these countries all around the world that have their own Fiat currency. They're not gonNA abandoned that Fiat currency, but they have to find something else to back it with. With so that it maintains stability as so that their citizens have confidence in it right now it's backed by dollars, but dollars in free fall and people lose confidence in the dollar these other Fiat. Currencies need to be backed by something and I think they're going to get back by is goal. Governments are GONNA turn to go. They're never gonNA turn to to Bitcoin now you could argue that individuals on their own might turn to Bitcoin with the countries that we're talking about going back on a gold standard. You're not talking about it now, because just. On their nine hundred dollars in stander on the countries aren't talking about going on a gold standard, but what they are talking about is digitizing their currencies so that their country is run on a digital currency. China's created. Want the USO. Had It in the stimulus bill and they took it out before we got approve right, so they're not gonna going backwards. They're talking about looking forward. Well. First of all, that's not going to a gold standard isn't going backwards ray bold? That would be. Be An improvement. We'd be going forward, but they're not talking about it now because they don't realize that there's GonNa. BE A dollar crisis. I don't I'm not talking about what they've been talking about. In the past I am speculating on what they're gonNA do when they get blindsided by dollar crisis. If they didn't expect now, yes, central banks have been worried about a dollar crisis. That's why they've been buying up all his goal the last few years. They didn't really know what it was. was going to hit I. Think on the verge of that crisis now so that's what's going to turn that conversation away from you know a digital version of their own Fiat currencies. To what are we going to replace the dollar with Howard bring back stability to the global monetary system that is now in collapsed because the dollar is crashing, and there's nothing the Federal Reserve can do to stop it. Because the only way we can stop the dollar. Crashing is to crass. The economy is. Is Low interest rates go way up and force the US government to cut spending. So you you you and I agree on all the problems completely agree right now. BITCOIN's up four and a half percent last twenty four hours. It's at ten thousand seventy six dollars. I. You don't know this, but people in the criminal community are watching laugh when I say this, so there's this inside joke or running joke that when I tweet important information for the next bull market that the price crashes. Today in this, and I said we're breaking the curse..

Bitcoin Fiat China Federal Reserve Howard US
"global monetary system" Discussed on KTOK

KTOK

02:02 min | 5 months ago

"global monetary system" Discussed on KTOK

"Blowing it out yeah because demand is just going to overtake it it's pretty extreme again money should be a store of value that's not so that's that's gonna be my next newsletter you know I put on a monthly newsletter people can sign up for that my website either website name and address and I'm gonna address that straight on I think that's the big story going forward because they hate gold silver is like kryptonite to the bankers and yet they've been you know net buyers of gold since two thousand ten that you've never seen that and last year they even know past the Basil three accord requiring the user GS I be huge banks and central banks to to have move go to a tier one asset I think they see a point of time where they're gonna have to recapitalize the field banks and I've heard prices of twenty thirty thousand dollars and again why not if the Dow ratio is one to one in nineteen eighty so that's that needs to be addressed I think we're finally been waiting for this for many years to see this happen in one thing to restore confidence in the global monetary system is going to they're gonna have to put gold back into it the gold act of nineteen hundred again they they do monetize took silver out funny in nineteen sixty four so silver still money I mean JP Morgan why would they have that much if we had fifty dollars silver which would have before that their annual revenues only thirty four billion they make fifty billion or more so I can see you know don't don't follow what they say do you know follow what they do exactly what's going to Thomas in the home in California Tom go ahead George thank you for taking my call and thank you Joel for the great question that was very thank you that was good Charles thank you for what you do my favorite wizard of oz character was totaled the dog and it was a total ban exposed what was behind the curtain yeah anyone.

JP Morgan Thomas George Joel Charles Basil California
"global monetary system" Discussed on 10 10 WINS

10 10 WINS

02:39 min | 9 months ago

"global monetary system" Discussed on 10 10 WINS

"Fill I would testify I would demonstrations like give lectures on gives some Asian I do what I do best I tried the case I'd love to try to get the president said last night that he's looking forward to the Senate trial again called his impeachment a quote big fat hoax there's been no word on when the proceedings might actually begin the race to have twenty twenties first baby born in New York City too close to call both Richmond university Medical Center on Staten Island in NYC health and hospitals in Coney Island say they delivered babies just as the clock struck midnight midnight that means both baby aid in Brooklyn and Anthony junior in Staten Island laying claim to being the city's first baby of the year the city's first baby of the roaring twenties as it's being called well not long after president trump said he believed Kim Jong moon was a man of his word in one move to denuclearize another series of threats is coming out of North Korea from the Christmas gift that hasn't happened north Korean leader Kim Jong un warned of unspecified shocking action that's after expressing the frustration over stalled nuclear talks he also said that his country will soon reveal a new strategic weapons of the world as it bolsters its nuclear deterrent in the face of what he called gangster like US pressure secretary of state Mike Pompeii appearing on fox news channel's special report Tuesday says he's still focusing on diplomacy we're hopeful that president or the chairman Kim will make the right decision held choose peace and prosperity over conflict and war shelling out there Washington when news time five twenty six now Bloomberg moneywatch on ten ten Windsor's Tom Busby David Marcus one of the Bloomberg fifty people who define twenty nineteen it's one of the most divisive ideas ever to come out of Facebook which has itself been under fire for user privacy concerns and spreading fake news it's called libra of crypto currency proposed by one of Facebook's top executives David Marcus early supporters including visa MasterCard and striped ended their involvement on worries from U. S. lawmakers about libra being used by money launderers and drug traffickers and possibly on settling global monetary systems but Marcus is undeterred according to Bloomberg businessweek editor bread vegan what they're trying to do here is have a with none of this would be a stable coin that could actually sort of please dollars zeros or or pound and would be stable enough for everyday transactions Lieber would make money by selling ads and still has the support of uber lift Spotify and other big names David Marcus one of the Bloomberg fifty Bloomberg money.

Spotify editor Bloomberg U. S. David Marcus fox US Kim Jong Anthony junior Brooklyn Senate president Lieber Facebook Tom Busby David Marcus Washington
"global monetary system" Discussed on CRYPTO 101

CRYPTO 101

01:44 min | 1 year ago

"global monetary system" Discussed on CRYPTO 101

"Protect the ability of all home users to run a node in there for keep the blocks small, I think that's just a fallacy. I give very clear from early to Toshi writings that Saotome she predicted on certain blah. Posts, the rise of server farms, and everyone's not supposed to run a full known with the whole copy of the blockchain which will grow in data size. Instead, the Saito Toshi white paper, the very, you know, the original bitcoin, whitepaper contemplated, simplified, payment verification, wallets. Right. So that you would essentially have a lightweight wallet in may sitting around on my mobile phone. I don't have the whole blotch. And so I think there's been this false narrative all these years that we have to protect the ability of everyone to run a note that's not the end state for global monetary system thinking about it this way. Do we all run Email? Servers to send Email to each other. Do we all run internet's hosting servers for us to have websites? No. Those are all run by big companies. And I think that's where we're going to move to in decline. And there's nothing wrong with it doesn't mean they'll be just one company minding. There will probably be many big corporations. Maybe even governments, and there will be still competition, but I think it would it's really strange to think that. We all need to run around declined note, or we all need to run around and lightning network note, which is what BTC as moving to, because they don't want bigger blocks. Everyone's gonna run a lightning network. Our vision is bitcoin as a massively, scaled blockchain, data ledger, is both a money system for the world as well as the global enterprise blockchain, and we will operate on a single public watching the world operates on a single global public internet, and that requires massive scale. And that is why our vision is going back to your original association, which predicted massive.

Saito Toshi Toshi Saotome
"global monetary system" Discussed on Superinvestors and the Art of Worldly Wisdom

Superinvestors and the Art of Worldly Wisdom

04:45 min | 1 year ago

"global monetary system" Discussed on Superinvestors and the Art of Worldly Wisdom

"See how long libertarian privacy activists can get away with coining their own money before the government steps in and says, hey, you're not allowed to do that for thousands of years of monetary history. The governments have never allowed anybody other than the government or its designates to coin money and the cryptocurrency guys are coining their own money. And what I realized is all of the people who make including you. And I who have made very strong criticisms of crypto currency and said, it's a speculative mania and so forth. The reason we were right about that is because it's not realistic for people who are have invented some cool technology to expect that governments will allow them indefinitely to get away with quitting their own money. Doing something that nobody else has ever been allowed to do before. But what they did do along the way was invent technology that really does have the potential to change the world. So what the book is about is separating digital currency from. Cryptocurrency and explaining why digital currency technology has the potential to completely revolutionize the entire global monetary system. We're not really working on that now because the people who know the most about it are completely engaged in this crypto currency thing, which is really designing a digital currency system whose design goal is to alienate governments and to create an alternative to government issued money, which they think is going to take the world over, and you know, I as a libertarian on some level, it might be nice if they were right. But I really don't think it's realistic. I think what's more likely is governments will shut it down. Eventually. But what I don't think is really going to be lost in all this is the invention. That occurred of distributed ledger in double spent proof digital cash really does have incredible amounts of potential eventually governments are going to wake up and recognize that and we'll see government backed digital currencies already. Chris. Steen Lagarde from the IMF has announced an central bankers should be looking at this. So they're finally starting to slowly wake up, and I think we're going to see a sea change in the digital currency space where people wake up and realize wait a minute. Maybe it's not all about cryptocurrency. Maybe it's more about government issued digital currency. We make a very interesting parallel to the dot com. Mania to how those a lot of the stock prices and stuff went completely nuts during the dotcom menu was clearly a speculative mania and. I want to quote you here. Actually, you say. You know, the the situation with cryptocurrencies very similar in that large group of novice. Investors made a class mistake. Confusing value and price we're specifically. They interpreted rapidly increasing price as evidence of rapidly increasing value when there is no fundamental basis for high of evaluation. So what you're saying is the crypto currencies themselves. Bitcoin cerium would what have you don't necessarily have an intrinsic value that supports the prices that we've seen over the past few years? Maybe even still the prices today. But there is some underlying just like the dot com. Mania right that there was a revolution. That was taking place in online communication in these types of things, and there's a revolution taking place here, which is the benefits of digital currency over conventional currency are tremendous, and you could revolutionize the you could completely re architect the whole global monetary system and make it much much better in deliver profound profound. Benefits to society. It would really be great now where I think a lot of that perceived value in crypto currency tokens that we saw in this speculative mania over the last few years. We're that came from was a lot of people holding an unrealistic expectation that these crypto currencies themselves would grow to the point of becoming dominant. Global currencies, and you know, the US dollar would be replaced by bitcoin. I think that there's a very very real chance that the US dollar will be replaced in its role as global reserve currency by digital currency. But I don't think it's bitcoin. I think it's much more likely to be a government backed digital currency system. But still I think in the book, you mentioned that you do believe bitcoin is qualifies as a currency under the the classical definition of a currency. Let's talk about that. How what actually constitutes legitimate currency? Well, there's something called the tripartite definition which says that it currency needs to do three things. It needs to be a store.

US Cryptocurrency Bitcoin Steen Lagarde IMF Chris
"global monetary system" Discussed on KFI AM 640

KFI AM 640

02:00 min | 2 years ago

"global monetary system" Discussed on KFI AM 640

"We've seen visa debt rising we've seen visa credit rising significantly this year we've seen the petrodollars urging back then that shell i think what we're going to see going forward georgia's we're gonna see higher oil prices due to seasonal conditions summer driving and of course they gotta change all the blends at the gas that i think we're gonna see a high oil prices that's gonna shift wealth from the consumers here in this country back to the producers in those other countries and his boosted us exports to those oilproducing countries as a result of it we've seen sovereign wealth floods just explode we've seen stocks more than bonds search through oil we yes we did see oil you know break eighty dollars a barrel that's going to just do nothing more than help these oil producing countries any sovereign wealth funds to diversify their for their foreign exchange holdings is going to a dollar rally in short it'll be an increase of liquidity it'll be a shot of liquidity into the global monetary system at a time when global central banks are starting to try to normalize their monetary policy so all of that i think is is gonna leave a tough tough path ahead for us citizens at but at the same time it's going to help boy some of the less developed countries as they are coming into the emerging markets bumpy road ahead andre no doubt an explosive eruption from hawaii's kellaway summit sent a plume of ash soaring thirty thousand feet into the air filling the air would stench of sulfur dioxide is residents nearby or being urged to shelter in place cal ori author of course the man who predicts earthquakes all about the late jim brooklyn cal i've got friends who live on the west side of the big island two hundred miles away from killer they smell the sulfur dioxide and your question is what are they gonna do about it i'm so much further ahead of.

hawaii jim brooklyn georgia andre thirty thousand feet eighty dollars
"global monetary system" Discussed on 710 WOR

710 WOR

02:32 min | 2 years ago

"global monetary system" Discussed on 710 WOR

"We've seen visa debt rising we've seen visa credit rising significantly this year we've seen the petrodollars surging back and not show i think what we're going to see going forward georgia's we're gonna see higher oil prices due to seasonal conditions summer driving and of course they gotta change all the blends and the gas all that i think we're gonna see a high oil prices that's gonna shift wealth from the consumers here in this country back to the producers in those other countries and his boosted us exports to those oilproducing countries as a result of it we've seen sovereign wealth blondes just explode we've seen stocks more than bonds search through oil we yes we did see oil you know break eighty dollars a barrel that's going to just do nothing more than help these oil producing countries any sovereign wealth funds to diversify their for knicks their the foreign exchange holdings it's going to slow a dollar rally in short it'll be an increase of liquidity it'll be a shot of liquidity into the global monetary system at a time when global central banks are starting to try to normalize their monetary policy so so all of that i think is is gonna leave a tough tough path ahead for us citizens at but at the same time it's going to help boy some of the less developed countries as they are coming into the emerging markets bumpy road ahead andre no doubt an explosive eruption from hawaii summit sent a plume of ash soaring thirty thousand feet into the air filling the air with stench of sulfur dioxide is residents nearby or being urged to shelter in place cal ori author of course the man who predicts earthquakes all about the late jim brooklyn cal i've got friends who live on the west side of the big island two hundred miles away from killer they smell the sulfur dioxide and your question is what are they gonna do about it i'm so much further ahead of you i'm i'm i i was going to talk about the monster landslide everybody's talking about they're talking about the of lena slot it's on the south eastern part of the big island is going to fall over into the sea and if that happens there's rumors that it's going to cause a hundred foot wave to the west coast like where i live california you know what i don't know who to believe the.

knicks jim brooklyn california georgia andre hawaii thirty thousand feet eighty dollars hundred foot
"global monetary system" Discussed on KQED Radio

KQED Radio

02:21 min | 2 years ago

"global monetary system" Discussed on KQED Radio

"In particular provided a lot of technical assistance on anti money laundering and on countering the financing of terrorism and we have specific services technical assistance training made available under very close collaboration we thought off which is the international institution in charge of fighting that we are going to be sort of stronger and deeper into these issues because i'm personally and i think the board is now supporting this very frustrated with the fact that we engage we enter into dialogue we commit resources are people work on the grounds and if it is in a to discovered that they are undisclosed loans that there is fiddling with the accounts then it's really not fair on the international community and not fair now for the population and not in compliance with our mission for new the imf over the decades is had plenty of critics even just among economists milton friedman wanted to abolish it he argued the imf had outlived its original mission of supporting the global monetary system it became he said in 1991 a relief agency for backward countries and proceeded to dig deeper into the pockets of its sponsors to finance its new activities and that he said was the mission of the world bank the imf sister institution which was also founded in 1944 at bretton woods here's what friedman said quote now you have to agencies to promote development both of them in my opinion doing far more harm than good friedman's point was at government was generally more of an impediment free markets than help but institute russians like the imf and world bank also create what economists call moral hazard that is your more likely to engage in risky or reckless behaviour when you know someone is there to rescue meanwhile economists on the other end of the spectrum joseph stiglitz and paul krugman for instance they argued that the imf promoted an agenda that was an interventionist enough the imf was criticized for pushing what was called the washington consensus a one size fits all reform model promoting free trade and capital flows deficit reduction privatization and.

imf milton friedman bretton woods paul krugman joseph stiglitz washington milton
"global monetary system" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:26 min | 2 years ago

"global monetary system" Discussed on WNYC 93.9 FM

"Prosperity that our mission and we have in particular provided a lot of technical assistance an anti money laundering and on countering the financing of terrorism and we have specific services technical assistance training made available and very close collaboration with fought off which is the international institution in charge of fighting that we are going to be sort of stronger and deeper into these issues because i'm personally and i think the board is now supporting this very frustrated with the fact that we engage we enter into dialogue we commit resources are people work on the grounds and if it is inner to discover that they are undisclosed loans that there is fiddling with the accounts then it's really not fair on the international community and not fair though for the population and not in compliance with our mission the imf over the decades has had plenty of critics even just among economists milton friedman wanted to abolish it he argued the imf had outlived its original mission of supporting the global monetary system it became he said in 1991 a relief agency for backward countries and proceeded to dig deeper into the pockets of its sponsors to finance its new activities and that he said was the mission of the world bank the imf sister institution which was also founded in 1944 at bretton woods here's what friedman said quote now you have two agencies to promote development both of them in my opinion doing far more harm than good friedman's point was the government was generally more of an impediment free markets than a help but institutions like the imf and world bank also create what economists call moral hazard that is your more likely to engage in risky or reckless behaviour when you know someone is there to rescue meanwhile economists on the other end of the spectrum joseph stiglitz and paul krugman for instance they argued that the imf promoted an agenda that was an interventionist enough the imf was criticized for pushing what was called the washington consensus a one size fits all reform model promoting free trade and capital flows deficit reduction privatization and the slashing.

imf milton friedman bretton woods paul krugman joseph stiglitz washington milton
"global monetary system" Discussed on LA Talk Radio Channel 1

LA Talk Radio Channel 1

02:46 min | 2 years ago

"global monetary system" Discussed on LA Talk Radio Channel 1

"Silver will always be a store of value why well over thousands of years people have just accepted it in invested their faith in this type of metal well this precious this is a precious metal in it's always going to hold a store of value right it's all based on faith but now the question is where it's people's faith heading that is the question where's people's faith headed towards because if you can determine if you could to pay if you can uh hypothesize where the people's fate is head in regards to a global monetary system that's how you become a very wealthy individual or that's how you become a very wealthy family or very wealthy empire very wealthy corporation very wealthy organization did you know that there were more millionaires made during the stock market than any other time in history a lot of people don't focus on that end of the stock market if people say how is that possible no the stock market crashed everyone lost money everyone knows that no there were more millionaires made during the stock market than any other time in history and why is that because there are more people that got word if there was something happening with the stock market people that understood bullish in bearish runs they said we're in a bull market this is going to have to flatten out into a bear market and when it does it's going to really flat now it's going to shoot down so those that shorted the market made millions of dollars in those that didn't short the market in believed that the stock market was going to withhold it's bullish stance those are the people that lost money so that's another end of it right there's a lot of manipulation going on on on that end of of when people know that something bad is going to happen they short the markets when corporations know something bad is going to happen they short the markets now i'm not going to get into this 'cause this is opening up an entire can of worms but it is pretty interesting pretty coincidental i don't necessarily so i can't say that i really believe in coincidence but he's very coincidental that these major corporations shorted certain financial markets right before nine eleven in two thousand nine nine right the terrible tragedy of the.

precious metal stock market financial markets
"global monetary system" Discussed on LA Talk Radio Channel 1

LA Talk Radio Channel 1

01:44 min | 3 years ago

"global monetary system" Discussed on LA Talk Radio Channel 1

"Profits in a way that was never available before decentralised currency system was available to the to the globe so the idea is y'all we talk about free markets in sound money now there's there's two types if you guys study economy you'll understand are you study economics you said he the global monetary system whatever you'll understand that there's two types of economists there's keynesian economists and then there's austrian economist king gene economists are what our a current monetary system is run by were woods run by kansas people that think that they can print their way out of inflation it doesn't make sense austrian economists are people that believe in free markets and sound money in for the first time in history there is a decentralized global currency system that does offer free markets and sound money so of course there's so much uh there's so much that goes into this for example easby coin a bubble not wanna i wanna jump to this real quick so think about this bitcoin today is it nineteen thousand four hundred twenty five dollars right is basically nineteen thousand five hundred dollars last week we were looking to bitcoin it was hovering in the sixteen so it's got up three grand in or one week's time you know in the before that it was hovering around eighteen and people like oh my goodness eighteen grand in the before that you always have ring around like 15 twelve so we see that.

kansas nineteen thousand four hundred nineteen thousand five hundred one week
"global monetary system" Discussed on Freakonomics

Freakonomics

02:08 min | 3 years ago

"global monetary system" Discussed on Freakonomics

"And doing the right things and we think that this is just hurting both the financial stability and the prosperity that our our mission and we have in particular provided a lot of technical assistance on anti laundering and on countering the financing of terrorism and we have specific services technical assistance training made available and a very close collaboration with fought off which is the international institution in charge of fighting that we are going to be sort of stronger and deeper into these issues because i'm personally and i think the board is now supporting this very frustrated with the fact that we engage we enter into dialogue we commit resources are people work on the grounds and if it is in a to discovered that they are undisclosed loans that there is fiddling with the accounts then it's really not fair on the international community and not fair now for the population and not in compliance with our mission the imf over the decades has had plenty of critics even just among economists milton friedman wanted to abolish it he argued the imf had outlived its original mission of supporting the global monetary system it became he said in 1991 a relief agency for backward countries and proceeded to dig deeper into the pockets of its sponsors to finance its new activities and that he said was the mission of the world bank the imf sister institution which was also founded in 1944 at bretton woods here's what friedman said quote now you have to agencies to promote development both of them in my opinion doing far more harm than good friedman's point was at government was generally more of an impediment free markets than help but institutions like the imf and world bank also create what economists call moral hazard that is your more likely to engage in risky.

imf milton friedman bretton woods milton
"global monetary system" Discussed on LA Talk Radio Channel 1

LA Talk Radio Channel 1

02:00 min | 3 years ago

"global monetary system" Discussed on LA Talk Radio Channel 1

"Mean it goes on and on and on and on and on hundreds of cryptocurrencies and there there's hundreds of new ones being created every single day there's pumping dumps and then there's there's crypt as that are that have great potential that have whatever application networks whatever okay so cryptocurrencies i believe personally are the answer to a new global monetary system be cuts for the first time in history we are not being governed by centralized government number one number two the cryptocurrencies in another shell their value is one hundred percent based off of the people's faith now i understand that's the same thing is a fiat currency moneybased our people's faith but here's the difference free art is money based off people's faith while it's being inflated well cryptocurrencies have what's called a market cat this is something that a centralised currency knows nothing of we don't know what a fucking market cap is skewed by like we don't know what a market cap is when we're printing twelve trillion dollars year and that's what we're printing house about twelve trillion dollars a year if not a little bit more when we when it comes to a market cap that means that there is literally an algorithm that's an unbreakable in unbreachable algorithms that says once this amount of coins is created no more will be created so with bitcoin it's twenty one million and it's supposed to worshippers they said you know the algorithm says in the year two thousand one hundred forty that will be the last year the last bitcoin is created but at that point it's going to be worth so much money no why that's the thing why is it gonna be worth money will get into that later tensor question how is that a solution it's a solution.

twelve trillion dollars one hundred percent
"global monetary system" Discussed on WTMA

WTMA

02:32 min | 3 years ago

"global monetary system" Discussed on WTMA

"And as far as developers go there are like hundreds of developers to bitcoin core contributors original one two bitcoin core as well what it's called and i'm not sure which ones original because they it's hard to say so bitcoin cash is more like the original one i think bitcoin cores ambition is way more interesting from an engineering perspective and way more exciting really okay then bitcoin cash yeah i don't i i your the program are so i'm going to have to defer to you on this i don't know look the technologies are behind them interested in the opinion as to why you say it's interesting what's interesting about it because they they're trying to create an extremely efficient scalable solution that can actually be the foundation for a monetary system a global monetary system and i think bitcoin cash not it doesn't seem like that's where they're going they want to create cheap transactions given some certain set of parameters that were set up before in the past so it would be the bitcoin would then be the equivalent of bearer bonds or something to that effect digital bearer bonds in the way that bhutto large organizations would move value underneath the um the the sort of economy does them is is that what you're saying i mean it's what it sounds like maybe you know banks or i think smells because banks and large institutions are really useful for for accumulating capital and building things up and and but they sit on top of this like foundation of sand now they do with and there's no there's no efficient clearing mechanism that can enforce like mark the market and clearing properly and that can prevent inflation so restrooms lost as a good money drives out bad money in that might very well apply inside the um you know banking or uh governmental world it may be a may come to the point where banks and governments demand this higher form of currency because you know they understand they themselves ino very well that that fiat currency government currencies are backed by nothing their backed by the value of people's labor in the future and laws can change and devalue labour labor and that sort of thing that's right and all banks know that that they know like don't hold pesos in your portfolio right because they're.

bhutto
"global monetary system" Discussed on KKOB 770 AM

KKOB 770 AM

02:02 min | 3 years ago

"global monetary system" Discussed on KKOB 770 AM

"The world to support the global monetary system it's impossible and by the way there's not even enough gold in the world to support the united states monetary system the us dollar itself the second reason were not going on the gold standard is no one want nobody at all wants to create a situation where the money supply would be tied to a speculative items such as gold immediate would be suicidal to tie you're economy to a speculative metal well now now can i go ahead comment on what you just said i want you to or okay first of all on your first point as far as the your determination of the value of any currently does determine on the apply of go that you have so you don't have the wide wings of up of a movement cycle that we always talk about that you do your first point your second point here the idea that how did you put it basically we how did you put it basically uh as far as that go the can you explain your second point one more time well my second point was that the price of gold to an extremely volatile and speculative element and there is no way than any country should such as the us has a major country should tie their economy to such a volatile and spec oculus development okay on neck on my comment on that is is it true that obviously that the the united states dollar the federal reserve now is is the one that high to the gold the price of gold effort is already and because of the.

united states
"global monetary system" Discussed on KHNR 690AM

KHNR 690AM

02:49 min | 3 years ago

"global monetary system" Discussed on KHNR 690AM

"The first reason is there is not nearly enough gold in the world to support the global monetary system it's impossible and by the way there's not even enough gold in the world to support the united states monetary system the us dollar at so the second reason we're not going on the gold standard is no one want nobody at all wants to create this situation where the money supply would be tied to a speculative items such as gold i made it would be suicidal to tie you're economy to a speculative metal well now now can i go ahead comment on what you just said i want you to okay first of all on your point as far as the your termination of the value of any currency determine on the apply of go that you have so you don't have the wide wing of up of a movement cycle that we always talk about that your point your second point here the idea that how did you put it basically we how did you put it are basically has barred that go the and you see the way your second point one more time well my second point was that the price of gold to an extremely volatile and speculative element and there is no way than any country should such as the us i mean a major country should tie their economy to such a volatile and speculate development okay our neck on my comment on that is is it true that obviously that the the the united states dollar federal reserve note is is the one that tied the gold the price goethe it is already and because of the high price of the dollar the the dow would be in the highest currently across the globe as pretty much why the gold here at the low price that it is for my point that i'm trying to get at whoever is the retailer currently around the globe and i per different story from people tell me the federal reserve in the reserve currency around the globe but they say the other currently share that with peta reserved for my point here depending on the the value of that currency that is reserved per year ongo will determine the price of gold as it is and that white well now because the prior the price of the dollar a high to the dollar you've got the the highervalue ball currency well.

united states the dow peta
"global monetary system" Discussed on WTMA

WTMA

02:49 min | 3 years ago

"global monetary system" Discussed on WTMA

"Enough gold in the world to support the global monetary system it's impossible and by the way there's not even enough gold in the world to support the united states monetary system the us dollar itself the second reason we're not going on the gold standard is no one want nobody at all wants to create the situation where the money supply would be tied to a speculative items such as gold immediate it would be suicidal to tie you're economy to a speculative metal well now now can i go ahead comment on what you just said i want you to or okay first of all on your first point as far as the your determination of the value of any currently does determine on the of go that you have so you don't have the wide wing of up of a business cycle that we always talk about that your purse point your second point the idea that how did you put it basically we oh you how did you put it basically uh as far as that goes the can you give each by your second point one more time well my second point was that the price of gold to an extremely volatile and speculative element and there is no way than any country should such as the us meet a major country should tie their economy to such a volatile ends speculative element okay our neck on my comment on that is is it true that obviously that the the united states dollar the federal reserve note is is the one that tied to the gold who the price of gold effort is already and because of the high price of the dour the the dial would be in the highest currency across the globe as pretty much why the gold is at the low price that it is for my point that i'm trying to get at wherever is the relearn currently around the globe and i've heard different story on people tell me the federal reserve the reserve currency around the globe but they say that other currently share that with the federal reserve so my point is depending on the the value of that currency that is reserve kirke round girl will determined the price of gold as it is and that's why it well now because the prior the price of the dollar a high the the dour got the the highervalue ball currency so you you put both here examples together again.

united states