The Great Credit Contraction eBook
Economy | Information | History | Online | Facts | World | Global | Money
http://www.creditcontraction.com The global economy is built on a derivative illusion. As the great credit contraction grinds on, the importance of performing accurate mental calculations of value will become more and more important. Every major country, including the United States, uses a fiat currency illusion as its legal tender. Even more troubling is that the worlds reserve currency—the FRN$—is a currency illusion. This system is evaporating before our very eyes. This book describes the background leading to this evaporation, which I call the Great Credit Contraction, sorts through complicated economic nomenclature, determines the root causes of the credit contraction evaporation, and suggests ways to maintain wealth during this global economic crisis. This book opens by discussing the development of money in the market. Understanding the historical landscape will provide the reader a perspective of where we currently are and what is likely to happen to the market in the future. To date, the development and rise of fractional reserve banking has perpetuated the inflationary credit expansion. During this process, fiat currency has risen to dominance with the culmination of the United States Federal Reserve Note Dollar (FRN$) as the worlds reserve currency. In summary, this book is an autopsy of the current worldwide monetary and financial system beginning with a brief overview of financial history, the current great deflationary credit contraction, and projecting the future environment. It concludes with suggestions on how to generate and preserve wealth in this challenging time, and the appendix contains a deeper analysis of important topics. http://www.runtogold.com
Comments
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nobody enjoys all these gold-drum beating than ppl who mine and own gold stores!!!! watch it go up!!!
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when collapse occurs= ur just gonna have to form posse and TAKE what u dont have and protect it within ur community..AND design community for sustainable renewablility.
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Base metal coins may be more liquid (for now) because they are more familiar to others with whom you might want to trade. However, government coins do not hold their value as well as precious metal, since the govt can simply change the metal content. The face value of government coins is an arbitrary figure set by the government, contrary to the reality of market prices. The govt must then engage in price-fixing to keep the value of the metal suppressed relative to the arbitrary face value.
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Non-monetary commodities can be highly illiquid, especially in large quantities. Food and fuels may be helpful if you can stay in one place... but if evacuation becomes necessary, how do you transport large quantities of food and fuel and other supplies? The challenge is not just to store up what you need, but to be able to transport it and your family if needed. Small coins and bars with high value to weight ratios are more efficient and portable stores of value, even if "you can't eat gold."
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FIAT "money" vs GOLD "money" 0-10 and out..
6m 30sLenght
8Rating