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| | Fiat currency - Wikipedia, the free encyclopedia |
 | | Fiat currency or fiat money, is money that is current or legal tender as satisfaction for money debts simply and only by government fiat i.e. | | | Nations whose currency is devalued or under attack (See financial crisis, capital flight, hyperinflation) are often encouraged or required to link their currency to an external currency or basket of currencies. | | | This money combined aspects of fiat currency, in that there was limited convertibility, fractional reserve banking and a unit of account set by the government, with commodity based money, in that there were limits to the amount of money that could be put into circulation. |
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http://en.wikipedia.org/wiki/Fiat_money
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| | GoldMoney |
| | The value of a commodity currency is not based on an extension of credit, as are all fiat currencies. | | | Fiat currencies are based on an obligation to repay a debt. | | | Conversely, fiat currencies are not an, and cannot be, an objective measure of value because they differ in value depending on the quality of the obligations (i.e., loans and other assets) that back the currency. |
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http://goldmoney.com/en/strengths.html
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| | Fiat Paper Money by Rep. Ron Paul |
| | One explanation is that a fiat monetary system allows power and influence to fall into the hands of those who control the creation of new money, and to those who get to use the money or credit early in its circulation. | | | Fiat money polices especially hurt savers and those on fixed incomes, who find the value of their dollars steadily eroded by the Fed's printing presses. | | | We need to understand why a fiat system is so popular with economists, the business community, bankers, and government officials. |
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http://www.lewrockwell.com/paul/paul125.html
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| | Transaction Net: How Currency Systems Work (a Money Map) |
| | Sufficient currencies (not to be confused with overabundant inflated currencies) are exemplified by mutual credit systems such as LETS and Time Dollars, which are created as a debit and credit by the participants themselves at the moment of a transaction and thus always in sufficient supply. | | | Fiat money requires by definition an Authority (a Central Bank, in the case of national currencies) to be issued and to keep its value. | | | Backed currencies can be issued by whoever owns the commodity or service which backs the currency. |
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http://www.transaction.net/money
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| | Bank notes of North Yemen and unified Yemen |
| | The Yemen Currency Board was administered by a board of six directors, consisting of the Minister of the Treasury who was also the chairman, a vice-chairman, the general manager of the Currency Board -responsible for the day-to-day administration - and three directors appointed by the President of the Republic. | | | The capital of the Currency Board was fixed at two million rials, half of which was paid by the Yemeni government at the inception of the Board, with the other half due to be paid within a year. | | | The next step in the development of the republican currency was the introduction of Law No.6 on 3 February 1964 whereby the Yemen Currency Board was established and provision was made for the issuing of bank notes. |
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http://www.al-bab.com/yemen/soc/banknotes.htm
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| | NESARA-Frequently Asked Questions about Money and Currency |
| | Currency that has been declared as the default currency. | | | Fiat currency is simply something that has been declared to be currency. | | | However, because the quantity of paper currency in circulation is not regulated, and due to flawed mechanisms that allow Congress to inflate the quantity of currency in circulation, the exchange value of that paper currency dwindles over time. |
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http://www.nesara.com/articles/faq_money_and_currency.htm
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| | Gold and Fiat Currencies - The Confidence Game |
| | Fiat currency is simply the printing of a currency out of thin air with no intrinsic value. | | | The "con"fidence is that the country's currency is "valuable" because of the country's economic and military strength. | | | Today we are told that gold and silver as a monetary value is obsolete, and that fiat currency can perform the same function and have the same safety as a gold/silver backed currency. |
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http://www.rense.com/general23/gold.htm
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| | All About Money - Print Version |
| | The generation of fiat money, which is produced without work—how much more work is involved in producing a $100 bill as opposed to a $1 dollar bill?—dilutes that which has been saved and that which has been promised for future payment. | | | Fiat currency enables politicians to generate revenues with less accountability. | | | Because fiat currency results in a higher interest rate structure and a shorter investment-time-horizon, there tends to be less long-term investment. |
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http://www.gold-eagle.com/editorials_01/parks021701pv.html
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| | MONETARY SYSTEMS |
| | Fiat money is paper or tokens made legal tender by fiat rather than by convertibility into commodity-money.) Separation of money from commodity value by governments opened the door for the inflationary practices of governments and their counterfeiting competitors. | | | IMF member contributions to the Fund were 75% in their own currencies and 25% in gold. | | | Smart cards may replace paper money and coins altogether, thereby reducing the costs of currency management for most businesses (75% of cash transactions in 1997 were for amounts less than $20). |
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http://www.benbest.com/polecon/monetary.html
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| | Transaction Net: Complementary Community Currency Systems |
| | Those complementary currencies backed by an external reference (a commodity or service) rather than the fiat of a central authority are less susceptible to inflation. | | | Backed currencies such as e-gold can be issued (or barter exchanges completed) by whoever owns a commodity or service. | | | In most other complementary currencies (and in national currency), including mutual credit systems like LETS and ROCS, and in Ithaca HOURS, the amount of money exchanged in any transaction is negotiable. |
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http://www.transaction.net/money/community
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| | Kitco - Exclusive Commentaries |
| | The only way to step outside of the currency system is to exchange the currency that is in trouble, namely dollars and other fiat money for gold which retains value no matter if banks can return deposits to their subscribers or not. | | | But given the absence of gold as a discipline against the rampant creation of fiat money from thin air, we are beginning to see what economic hell awaits a world awash in paper that has been irresponsibly manufactured from endless amounts of debt. | | | You must step outside of the fiat currency system by trading your paper for gold. |
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http://www.kitco.com/ind/Taylor/oct182002.html
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| | All Work and No Pay: a lesson on gold and money |
| | The currency, of course, is an IOU of the federal government. | | | Confidence in a counterfeit currency is so important to the counterfeiter that he will, if he is government, legislate it if necessary. | | | Counterfeit currency was issued by people who had placed nothing on deposit for redemption with their paper. |
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http://www.usagold.com/AllWorkandNoPay.html
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| | Money |
| | It is important to understand that in a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. | | | Initially, a rapid growth in the availability of credit is often mistaken for economic growth, as spending and business profits grow and frequently there is a rapid growth in equity prices. | | | A third way to explain the value of fiat money is that it is valuable because the government says so. |
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http://www.economymodels.com/money.asp
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| | Frequently Asked Qusetions |
| | Please note that we have to keep our various digital currency accounts in balance and may be able to do a CASHOUT for one or the other digital currencies if we have need of it. | | | Also, if we're able to convert from a currency other than egold, the fee will be 2.5% with a $5 minimum. | | | When we can do cashouts from currencies other than egold, the charge will be 2.5% of the amount transferred, with a $5 minimum. |
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http://www.gitgold.com/quest.htm
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| | Libertarians and the gold standard |
| | So for Islamic nations with dubious governments, the use of a standard currency which is relatively stable and not under the control of any of their governments would undoubtedly increase economic activity in the region. | | | The current system where the U.S. dollar is the world reserve currency benefits the United States, because we magically create new dollars, without any messy mining, and give it to the world in exchange for useful goods such as raw materials, automobiles, and most of the stuff you see on the shelves at Walmart. | | | With fiat currency, the government can expand or contract the money supply to aid whatever political group holds the power. |
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http://www.calicocat.com/2004/06/libertarians-and-gold-standard.html
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| | Lies, Damn Lies, and CPI |
| | If gold’s veto on fiat currencies could not be cast in the market, fewer people would realize the depth of the fiat currency inflation problems. | | | M1 is the narrowest measure of money supply, and includes “types” of money that consumers are most likely to have and spend, including coins and currency held by the public, bank checking and savings accounts, and credit union balances. | | | In modern times, debasing a currency has become much easier for a government to execute and much more difficult for a population to detect until it is too late. |
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http://www.zealllc.com/commentary/damnlies.htm
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| | Safe Haven End Game Dynamics |
| | Thus, it appears it's not only an accelerating currency debasement agenda led by the Federal Reserve (Fed) that will be required to send gold parabolic, but a materially increased perceptual risk of US insolvency, as well. | | | The US Dollar (USD) is no different than any other fiat currency in that even though it has been well promoted in the global economy due to American ingenuity, it too will eventually fail. | | | As alluded to in Figure 1, gold began to rise in parabolic fashion after it was allowed to trade freely, which was primarily a result of a US forced international / unilateral abandonment of Bretton Woods in August of 1971, effectively removing any vestiges of money supply growth rates tied to a 'reserve standard'. |
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http://www.safehaven.com/article-2643.htm
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| | The New American - Money and Debt - August 26, 2002 |
| | Currency con: Article 1, Section 8 of the U.S. Constitution authorizes Congress "to coin money, [and] regulate the value thereof…." This statement refers to "Commodity Money," such as gold or silver. | | | The surpluses that weren’t: If the recent annual "surpluses" claimed by the federal government were genuine, then they should have reduced the size of the gross federal debt. | | | The banking cartel then subtly introduced "Fractional Money" — currency issued in excess of the amount of gold in reserve, and redeemable only to a fraction of its face value. |
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http://www.thenewamerican.com/tna/2002/08-26-2002/vo18no17_money.htm
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| | silveriswealth.com |
| | Workers are now paid with fiat currency, with a bunch of numbers on a check (another piece of paper) or electronically with direct deposits. | | | An increase in the volume of currency, which causes its value to decline. | | | Since the creation of 'The Fed,' they have printed enormous amounts of fiat currency. |
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http://www.silveriswealth.com
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| | ratitor's corner: march equinox 1999, "Expanding the Song of Life" |
| | The alternative currency (typically issued by a small city or region) had many times the rapidity of circulation of the official currency, and the anticipated employment and environmental benefits were actualized. | | | A common currency exclusive to the members of one city or geographic region is one means of moving towards these goals. | | | This currency uses "the hour of service as unit of account and thus may be measured the same independently of place and circumstances." Their web site offers a marvelous array of resources and information including the Hometown Money Book and Starter Kit. |
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http://www.ratical.org/ratitorsCorner/03.20.99.html
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| | dealsteal.com - deflation fiat currency |
| | Find deflation fiat currency and more at Lycos Search. | | | Find deflation fiat currency at one of the best sites the Internet has to offer! | | | Find results for deflation fiat currency and anything else you are looking for instantly! |
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http://www.dealsteal.com/Deflation-Fiat-Currency.aspx
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| | Currency Crisis: Inflation or Deflation? |
| | This process of borrowing local currency at low interest to purchase higher-paying foreign securities is what has induced Japanese citizens and other foreigners to purchase billions and billions of dollars of U.S. bonds and notes. | | | Instead, each central bank would be allowed to count its foreign currency holdings "as if" they were real gold, as long as the currencies were officially redeemable in gold. | | | What has also happened in some instances is that Japanese citizens borrow yen from their domestic banks (inflationary) at one-percent interest or so, and then purchase U.S. bonds or notes that pay 4- or 5-percent interest, thus gaining some extra interest. |
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http://www.usagold.com/AsianFluRose.html
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| | NESARA-Makes the Public Responsible for Currency Creation |
| | Under NESARA, all fiat currency is created by commercial banks through the monetization of debt—but only at the local level. | | | Under NESARA, Congress sets the standards and establishes the procedure for the currency creation process but only the people determine the quantity of debt they are willing to monetize. | | | Just as the Founding Forefathers intended, creation of currency is reserved to the people. |
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http://nesara.org/wiifm/makes_the_public_responsible.htm
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| | The Future of Money in the Information Age |
| | If an offshore bank were linked into an onshore clearinghouse (and an onshore ATM network for providing analog currency, as long as analog currency survived), it could also attract transaction account customers. | | | What strikes me as the most exciting potential development to come from the new payment technologies is that, as they lower the cost of wiring money from $20 to 2 cents or less per transaction, they give ordinary small savers affordable access to offshore banking. | | | It will return us to a world where the commonly seen money is privately issued, as it was in sophisticated economies 150 years ago where gold coin was seldom seen outside bank vaults despite being the ultimate money of redemption for deposits and bank notes. |
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http://www.cato.org/pubs/policy_report/v18n4-6.html
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| | How to restore Constitutional money |
| | History is full of examples of nations losing power and their currency ceasing to be the reserve, whether it was the Spanish currency, the French currency, or the British pound sterling. | | | The interesting thing about this is, as the purchasing power of the currency falls, the social demand for the currency will fall, prices will start to rise faster than the rise of the supply of money and credit, and the thing begins to get a life of its own. | | | One of the reasons the dollar is the reserve currency is because America is the military leader of the world. |
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http://www.conservativeusa.org/vieir100.htm
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| | NESARA -> History of NESARA |
| | However quantities of the new US Treasury currency backed by gold were printed and shipped to certain banks in the US where the currency has sat in bank vaults for years awaiting the announcement of the reformations. | | | Many bank personnel have already been trained on NESARA and the new currency is already in some banks’ vaults. | | | NESARA requires other bank debts be made self-liquidating loans and US banks are instructed to use new high revenue generating processes to pay off Americans’ bank loans. |
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http://www.nesara.us/pages/history.html
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| | EconPapers: On the Launching of a New Currency |
| | Abstract: This paper studies the appropriate way of launching a new fiat currency within a dual currency search-theoretic framework. | | | Finally, a network externality may generate inefficiencies in the decision to switch to the new currency. | | | EconPapers: On the Launching of a New Currency |
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http://netec.wustl.edu/BibEc/data/Articles/mcbjmoncbv:34:y:2002:i:3:p:563-88.html
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| | Fiat Currency |
| | "The US currency has been increasing at a rate of 10% above it's GDP growth rate for more than twenty years" According to a book titled "Triumph of the Optimists: 101 Years of Global Investment Returns" there is a continuous spread of inflationary damage done to the world's currencies. | | | And it points to the weakness of the dollar - or any paper currency - as a long-term investment. | | | "We inflate our paper currency, we repair commerce with unlimited credit, and are presently visited with unlimited bankruptcy." |
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http://www.gold-eagle.com/editorials_05/baltin110205.html
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| | Inflation or Deflation? 2 |
| | Inflationary price rises spawned by fiat monetary excess are bad for all intangible paper assets, not a good omen for stocks or bonds. | | | While general deflation was possible in the early 1930s with a Gold Standard severely limiting monetary growth, it is all but impossible now in the Age of Fiat Paper when central bankers can print unlimited amounts of inherently worthless fiat currency which inevitably leads to steep rises in general price levels. | | | The problem with printing unlimited amounts of fiat money is that price levels will have to rise as a result. |
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http://www.zealllc.com/2003/infdef2.htm
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| | e-gold |
| | E-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage. | | | If you don't already have a Cash Card account: click here. | | | The Ultimate Worldwide FREE ANONYMOUS Internet Marketing Currency! |
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http://www.offshorebible.com/e-gold.html
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| | The SDR - Currency chart and Ponzi Index page by RossL |
| | The SDR represents a worldwide basket of fiat moneys and is a creation of the International Money Fund (IMF). | | | "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." | | | It has shattered numerous currencies, inflicted incalculable harm, and caused social and political upheavals. |
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http://home.columbus.rr.com/rossl/gold.htm
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| | The Hindu Business Line : RBI fiat on currency handling |
| | THE Reserve Bank of India on Friday exhorted banks to speed up currency handling automation. | | | The Hindu Business Line : RBI fiat on currency handling | | | At a meeting with the top brass of the South-based public sector banks, RBI's Deputy Governor, Mr Vepa Kamesam, told the banks to quickly install enough of `currency verification and processing systems' and `notes banding, bundling and counting machines'. |
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http://www.blonnet.com/2003/05/24/stories/2003052401291000.htm
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| | The ABCs of Gold Investing: Protecting Your Wealth through Private Gold Ownership |
| | Keywords: book review, survival, gold, money, store of value, exchange, barter, fiat currency, financial collapse, purchasing, investments, United States. | | | Abstract: How and why to add gold to your portfolio -- as an investment or a store of value that is not dependent on paper currencies. |
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http://www.weyrich.com/book_reviews/abc_gold.html
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| | Suzan Mazur: Pension Funds and the Price of Oil |
| | She characterizes today's money as fiat currency and says the Treasury doesn't control it, that it's controlled by the Federal Reserve Bank, which is privately-owned and managed, doesn't provide full disclosure and engages in insider trading and "backdoor huge profits to financial players". | | | Says Fitts: "When supply and demand forces can be artificially balanced through covert operations and black budget market manipulations financed by warfare and organized crime, the price can stay managed forever. | | | Fitts, sensing the urgency of starving the Tapeworm, has been advising people through her weekly teleseminars to pool money amongst friends $10, $20, whatever and invest in gold and silver in order to start controlling strategic resources food, water, farmland, seed. |
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http://www.counterpunch.org/mazur04012005.html
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| | Strike The Root: Fiat Currency: "I Yam What I Yain't" |
| | Strike The Root: Fiat Currency: "I Yam What I Yain't" | | | Here, courtesy of Don Markstein's Toonopedia, is the most succinct description of fiat currency I've ever seen, courtesy of (of all things) a Popeye comic strip. | | | I'd be interested to know what happened in the strips that followed. |
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http://www.strike-the-root.com/blog/archives/001161.html
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| | Investing in Paper Money - Lake, Kenneth R. |
| | Keywords: Lake, Kenneth R. Investing in Paper Money Script Scrip Fiat Currency Currencies Banknotes 158 pages including index and some black and white illustrations. | | | While several general guides to the hobby already exist, this is the first book to deal with its financial aspects. | | | Explains how and why the notaphilic market works, how to form a collection, and the many pitfalls that the intending investor must learn to recognise and avoid. |
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http://www.northwestbooks.net/si/51301310.html
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| | URGENT NOTICE TO THE PEOPLE OF THE UNITED STATES |
| | Listen to Dove's Australian Interview of NESARA on 04-18-04 | | | If you (or someone you know) has a close personal relationship with a currency trader, some currency traders have confirmed knowledge of the new U.S. Treasury Bank system and Treasury currency. | | | If you (or someone you know) has a close personal relationship with someone who works in management at the Federal Reserve Banks, ask this person to confidentially confirm that the new U.S. Treasury Bank system is imminent. |
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http://www.earthsgoldenage.com
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| | Fiat Currency |
| | Arbitrary or authoritative order or decision.” “Fiat money” is likewise defined as, “inconvertible paper money made legal tender by a government decree.” Inconvertible to, for example, gold or silver. | | | “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. | | | The process engages all the hidden forces of economic laws on the side of destruction, and does it in a manner which not one in a million is able to diagnose.” |
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http://www.halexandria.org/dward297.htm
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| | To Thine Own Self Be True |
| | The people who are allowing themselves to be locked into the Fiat paper money systems are probably going to suffer massive reductions in the quality of their lifestyles. |
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http://www.pearlegg.net/fiatguide.html
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