Tag: fiat currency

Silver In Venezuela is Up 2 Million Percent – This is How Silver Acts When Fiat Dies!

Written by on April 13, 2018 in Economy with 0 Comments
Silver In Venezuela is Up 2 Million Percent – This is How Silver Acts When Fiat Dies!

This chart in this video shows how silver has gone up over 2 million percent in Venezuela since their economy collapsed. The price is shown in Venezuelan Bolívar (VEF). Other factors that could affect the price of silver are also discussed

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Preparing To Barter And Trade With Precious Metals Is NOT A Loony Idea

Written by on August 1, 2017 in Economy with 0 Comments
Preparing To Barter And Trade With Precious Metals Is NOT A Loony Idea

It would be silly not to prepare for a collapse in confidence, and, by extension, a collapse in the dollar. And nobody should wait. Currency crises through history catch most people by surprise, then it is too late to prepare.

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Gold Standard vs Fiat Currency vs Bitcoin – What You Should Know

Written by on April 30, 2014 in Economy with 0 Comments
Gold Standard vs Fiat Currency vs Bitcoin – What You Should Know

Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and government debt spiraling out of control – US national debt, for example, currently stands at more than US$17.5 trillion (as of 30/04/14). In response to this, some people have been calling for a return to the gold standard, a monetary system where the value of national currencies is directly linked to gold. This is different to the fiat money system currently in use the world over, where the value of national currencies is determined by governments. Other people, however, are suggesting that the cyrptocurrency Bitcoin could be the answer, with many asking if it’s the “new gold standard.”

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Margin of Safety Dwindles at Federal Reserve

Written by on March 11, 2014 in Agencies & Systems, Bankers & Wall St. with 0 Comments
Margin of Safety Dwindles at Federal Reserve

Tracking data for the US Federal Reserve shows an astounding decline in the Fed’s ‘margin of safety’ over the last few years.

 Does a currency crisis loom?

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