fiat currency

Fiat Currency and the Emerging Police State

Posted October 16th, 2012 by snowdog2012
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“Fiat” is money with no intrinsic value beyond whatever an issuing government is able to enforce. When it enjoys a monopoly as currency, fiat inevitably turns the free market functions of money inside out. Instead of being a store of value, the currency becomes a point of plunder through monetary policies such as quantitative easing. Instead of greasing society as a medium of exchange, the currency acts as a powerful tool of social control.

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Change We Can’t Believe In

Posted February 17th, 2012 by MuslimNonarchist
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At current metal prices it costs 2.4 cents to make a penny and 11.2 cents to make a nickel. This week President Obama asked Congress for permission to change the mix of metal that goes into these coins, because apparently the zinc and tinfoil they’re made of now is just too expensive.

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Bitcoin—Just Another Bogus Medium of Exchange

Posted June 9th, 2011 by gokartgalaxy
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Bitcoin is apparently no better than a fiat currency.

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Bitcoins Lead Dev to Give Presentation at CIA HQ in June 2011

Posted April 28th, 2011 by akaPoorRichard
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I want to get this out in the open because it is the kind of thing that will generate conspiracy theories: I'm going to give a presentation about Bitcoin at CIA headquarters in June at an emerging technologies conference for the US intelligence community.

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Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance

Posted June 21st, 2010 by Deslock Darkstar
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Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub. “Only three, five years ago it seemed like a fantasy” to create a new reserve currency, Medvedev said yesterday in a speech in St. Petersburg, Russia. “Now we are seriously discussing it.”

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