The Rise of the World Empire
September 21, 2014 By JC Collins
Gold can account for value deficiencies in fiat currency and make adjustments for inflation on a larger macro scale when there are no other alternatives, and only to the extent which real value and purchasing power is maintained.
In historical times when the wealth of the world moved into gold because currency debasement led to the collapse of the sole regional empire, the masses were left with no viable alternative.
Historical examples from antiquity are of financial systems which started as gold coinage and were later debased with copper and other metals. When these systems ultimately and inevitably failed, the people economically migrated to the things which they knew, such as gold coinage and production.
Opinion: Gold Crashes And Is Now Tarnished For Good
Published: Sept 22, 2014 6:00 a.m. ET By Jeff Reeves
Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March.
But since spring, and particularly since July, gold prices have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013.
So should investors consider this sell-off as an opportunity to buy precious metals on the cheap? Or is gold really tarnished for some time to come? Sadly for gold bugs, it’s the latter.
DeNise September 22, 2014 at 8:26am Folks, it is now 7:25 a.m. CST and more of the same HOPIUM!!!!!
G T > Did you NOT SEE & READ About ALL THE MEETINGS DURING THE LAST WEEK???
G20 Summit, UNSC, the meeting in Colorado et al
GOI & Kurds agreeing on Sale of Oil & Revrnue Sharing (Which is the HCL Agreement for Puposes)....
ISIL Releasing Hostages
THIS IS DIFFERENT!!!
Late Sunday Night:
[Aunt B] DiddyKong did you bring anything to share?
[DiddyKong] Aunt B sorry. Nothing new is really going on. Just waiting to see what next to happen in the world
[Hannah] DiddyKong I brought a link in earlier. It confirmed what we have been told here. http://www.examiner.com/article/russian-finance-minister-considers-dumping-dollars-and-move-borrowing-to-brics
[DiddyKong] Hannah Good stuff. What we should understand is, yes, BRICS nations may be moving towards a dedollarized monetary system. We must also consider the implications that this could have on other nations that conduct business with these BRIC nations, and even the international businesses in the BRICS nations.
Welcome to dinarupdates.com for news time with Millionday! Part 2
[jtank] will they use future projection on all of the economy or just what it is now?
[millionday] THE GDP HAS BEEN REPORTED AND THEY HAVE ALSO MADE IT CLEAR THEY ARE MAKING ADJUSTMENTS FOR INFLATION
AND ALSO OTHER STRATEGIES THEY SAID SO THE EXACT WAY THEY WILL CALCULATE THE VALUE IS YET TO BE SEEN
BUT THE WAY IT IS RIGHT NOW SEEMS TO BE ON THE WAY TO SOME ADJUSTMENT
[watchman42] What is the 30% that Saudi Arabia produces other than oil? Is Iraq being held to a different standard?
Welcome to dinarupdates.com for news time with Millionday! Part 1
[millionday] HERE WE GO
[millionday] LETS START WITH WHAT IS GOING ON WITH THE BUDGET
[millionday] Called on the Finance Committee in the House of Representatives, on Sunday, sending the government to expedite the budget bill to parliament, and while the government has confirmed that it gave "a week" to be sent to Parliament, ruled out merging the budgets in 2014 and 2015.
A member of the Finance Committee Mazen Mezni said in an interview, (long-Presse), "We had a meeting last Wednesday within the Commission to study the budget, and there was a desire for the approval of the budget in the coming days,
noting that" the Commission has sent four books of the ministries of finance, planning and oil and central bank demanding complete formulation of the general budget. "