What’s the half-life of a fiat currency?

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  • Wed, Apr 08, 2009 - 05:49am

    #11
    Peak Prosperity Admin

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    Re: What’s the half-life of a fiat currency?

After much reading on this subject over the past few months, I cannot improve on the succinct wording of The New Yorker last October: "We’re Screwed". That pretty well sums it up.

  • Wed, Apr 08, 2009 - 08:22am

    #12
    Peak Prosperity Admin

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    Re: What’s the half-life of a fiat currency?

If you’re working with wealth based currency, it has no half life as it is a stable currency.  We would not know what this is in America because the very first thing the founders did was setup a debt monetary system, thanks to Alexander Hamilton.

 

In a debt monetary system, its life cycle is somewhere between 200-300 years.  Around 18 years ago, china adopted a debt monetary system nearly identical to the US and European models so after the complete economic destruction of America, the banks will simply move onto another country to destroy.

 

The USA is coming to the usable life cycle on it’s debt monetary system, but we can change it.

 

There is a bill in the Minnesota House and the Minnesota Senate that can be the first step to fix all this.  SF 705 and HF 888, also known as The Minnesota Transportation Act.  Until people decide its time to quit whining, and put forth some action, our ecomonic situation is only going to get worse under a debt monetary system. 

Have you ever wondered how the creation of money works in the bank behind the scenes?  Watch this next video.

http://www.youtube.com/watch?v=FxiTbrlGJGs

 

  • Wed, Apr 08, 2009 - 07:27pm

    #13
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    Re: What’s the half-life of a fiat currency?

The instability of our system is not in the currency, but in the financial sector. The stability of currencies in the middle ages, whether gold or fiat, had everything to do with the prohibition of usury by the church. Without source income, there hardly was a financial sector, and there where no financial crises. On the other hand: the Great Depression saw many European countries dropping the gold standard. Many of these currecies only ‘perished’ because of the introduction of the euro, not because of hyperinflation.

  • Wed, Apr 08, 2009 - 11:08pm

    #15
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    Re: What’s the half-life of a fiat currency?

c1oudfire,

 Have you read the Baltimore Catechism?  I haven’t myself, I only have the new one.  I am curious though.

  • Sat, Apr 11, 2009 - 02:01pm

    #17
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    Obama entered the matrix today (humor)

 

 

Wsn’t  sure where I should post this . .

  • Sat, Apr 11, 2009 - 02:21pm

    #18
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    Re: Obama entered the matrix today (humor)

[quote=c1oudfire]

 

 

Wsn’t  sure where I should post this . .

[/quote]

 

Maybe he’s going to have a chat w/the Oracle?  I hope he likes cookies…

 

  • Sat, Apr 11, 2009 - 02:28pm

    #19
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    woupiestek Re: What’s the half-life of a fiat currency?

woupiestek,

Whilst I am no historian and have no opinion on the prohibition of usury by the Church (which is not just lending but is the activity of lending someone money with the
agreement that they will pay back a very much larger amount of money
later), I would have thought that the plague had an enormous impact on society generally in the Middle Ages (and are we just talking England or China through Europe etc?) – certainly the dire shortage of able bodied people in England had a great influence on the ability
of those left to obtain higher wages and escape from serfdom and debt.

DavidC

  • Sat, Apr 11, 2009 - 02:37pm

    #20
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    Re: Obama entered the matrix today (humor)

[quote=SagerXX]Maybe he’s going to have a chat w/the Oracle?  I hope he likes cookies…[/quote]

With a little luck, maybe she’ll tell him that he’s not The One . . .

  • Sat, Apr 11, 2009 - 02:53pm

    #21
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    Re: Obama entered the matrix today (humor)

[quote=c1oudfire]

[quote=SagerXX]Maybe he’s going to have a chat w/the Oracle?  I hope he likes cookies…[/quote]

With a little luck, maybe she’ll tell him that he’s not The One . . .

[/quote]

 

And he’ll learn There Is No Spoon… 

(it evidently ran away with some Dish) 

  • Mon, Apr 13, 2009 - 01:47pm

    #22
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    Re: woupiestek Re: What’s the half-life of a fiat currency?

[quote=DavidC]

woupiestek,

Whilst I am no historian and have no opinion on the prohibition of usury by the Church (which is not just lending but is the activity of lending someone money with the agreement that they will pay back a very much larger amount of money later), I would have thought that the plague had an enormous impact on society generally in the Middle Ages (and are we just talking England or China through Europe etc?) – certainly the dire shortage of able bodied people in England had a great influence on the ability of those left to obtain higher wages and escape from serfdom and debt.

DavidC

[/quote]

So we need the plague to keep us save from credit crunches?

I think it is good to have a financial sector. But we should have something better than a financial sector that once in a while distroys itself.

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