''Financial Armageddon: The Corruption of Our Currency''

Book Review

''What is money? Is it the all-too-common dollar bill? Coins made by the U.S. mint? A credit card or checkbook? Our founding fathers did not think so, and unfortunately, we the people have bought into the idea that items other than gold and silver can be used as money. How do we avoid the inevitable and survive the economic collapse that will occur, perhaps in the near future? The anwer is simple: we must return to the system of "just weights and measure" as is outlined in the Constitution and the scriptures.''

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''Falling $1 Bill Demand May Limit Coin Savings''

From Bloomberg

''Dollar bills may fade from U.S. circulation even if lawmakers ignore a government agency’s opinion that switching to coins would save money.

As the CHART OF THE DAY shows, the number of new bills printed in the latest fiscal year fell 31 percent from a year earlier, according to data compiled by the Treasury Department. The drop to 2.02 billion in the year ended Sept. 30 reflected a trend since fiscal 2000, when the total peaked at 5.19 billion.

“The popularity of ‘everyday’ paper money” has declined as more people use credit cards, debit cards and Internet-based services to pay bills, Nicholas Colas, chief market strategist at ConvergEx Group, wrote two days in a report. He defined everyday money as $1 through $50 bills.''

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''The Cashless Society is Almost Here – And With Some Very Sinister Implications''

h/t infocyde................From Global Research

''In the summer of 2012, at the height of the European Central Bank (ECB) ritualistic raping of the Greek economy, financial expert Max Keiser, alongside Mexican billionaire Hugo Salinas Price, traveled to Athens to promote the idea of a silver Drachma as a parallel currency to the ever-failing euro. In theory and in practice, this parallel currency was ‘sound money’ for individual Greeks and would allow them to retain some say in their financial destiny, and also allow them to accumulate real wealth. It should have caught on.  But this great idea did not go down well with media moguls and technocratic elites loyal to their overlords in the ECB, Wall Street and the City of London. Still, too many people are remain unaware of how money is created, entered into circulation and how their private central banks control inflation, and Greece is no different.''

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''Dollar's Decline Catches Up With U.S. Mint''

From The New American
 

''Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes.

First was the announcement on November 26 from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels from circulation starting the first of the year, supposedly because they’re too expensive to make. It costs the mint nearly 5 cents to make each penny while it costs more than 16 cents to make a nickel. This is costing the mint a lot of money, an estimated $187 million last year alone.''

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''Endangered: Use of bills, coins falling dramatically''

From Sious City Journal

''Think about this: Only 7 percent of fiscal transactions in the United States are handled in cash.

Could an American future without bills and coins be in store? In a century where credit cards, debit cards and online transactions are rapidly replacing payment by quarters and $5 bills, the end of currency certainly seems at hand.''

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''What is "currency"?''

a great read!............From 'The ABC of Money'

''Looking at it a little more deeply now, which is always required if you want to actually understand for yourself how the real world works, we see that when you hold a dollar/pound/euro/yen/etc in your hand or in your bank account, what you really hold is a credit in that monetary system.''

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''Debunking Money - The Way the World Really Works'' - Full Length - Damon Vrabel

From Damon Vrabel

"What’s killing our economy? Money''

From The Independent
By Dominic Frisby

''I subscribe to George Orwell’s view that “On the whole human beings want to be good, but not too good, and not quite all the time.” But if man is “mostly good”, I ask myself, why is it so easy to look around at the world and find so much to be troubled by? Wars, waste, famine in one part of the world, obesity in another, excess consumption, a financial system that’s out of control – and so on. My particular bête noire is the unequal distribution of wealth.''

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''The Fiat Currency Cyclone Gathers''

From Market Oracle

''The present experience of the United States and Europe from the abuse of fiat money has been a recurring drama for millennia.  Kingdoms, the reign of pharaohs, oligarchies, dictatorships, republics and empires have imploded from within largely due to discredited money. 

The Western Roman Empire fell a thousand years earlier than the Byzantine Romans by debasing the silver content of coinage to fund military adventures.  The debasement of the pound helped the sun set across the British Empire.  In the last century national fiat currencies have drown in hyperinflation in Germany, Italy, Yugoslavia, Hungary, Zimbabwe and Argentina (three times) to name the ones that come to mind to a Westerner.''

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''The Irony of Money | Myles Dyer''

From Blade376........''The irony of money, and why it hinders progress.''

''The Ultimate Bubble is Paper Money''

a must read...................From Gold Switzerland
By Keith Weiner
 
''Keith Weiner, the head of The Gold Standard Institute USA, explains in this exclusive interview for Matterhorn Asset Management, among other things: why he sees a permanent backwardation in gold coming; the role of gold as the cornerstone of investor’s portfolios; and the specific kind of gold standard he envisions for the future.''

 ''We are now close to a point of the collapse of the paper monetary systems and so, you don’t want to hold – so the problem with paper money is it is debt. If you think you have money ‘In the bank’, you actually have a credit obligation, you are a general creditor, unsecured creditor of the bank and the bank owes you the money. And what does the bank do? Well, they buy the government bond which means the government owes the bank the money. And so it’s just debt to debt to debt.''

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''Masters Of Money: Friedrich Hayek'' (2/3 BBC)

From BBC & Times of Roses...................''According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in the markets that caused the crash?

In Masters of Money produced in partnership with The Open University, BBC economics editor Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today.

Stephanie turns her attention to the radical free-market economist Friedrich Hayek. Travelling from London to Vienna and America, she unravels the extraordinary life and influence of the only free-market thinker whose reputation has grown post-crisis.''

''Dominic Frisby on why our money is diseased and in need of reform''

From GoldMoney....................''Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Dominic Frisby reads from his book Life After The State (www.unbound.co.uk/books/life-after-the-state) that talks about our social systems of government, welfare and money. The chapter talks about the beginnings of money and banking, and the need for monetary reform.

Dominic points out that our current monetary system is diseased, and that we are confronting great levels of income and wealth inequality, despite the redistributing efforts of governments. He shows how money itself is vital and essentially the blood of an economy as it enables mutually beneficial trade by overcoming the double coincidence of wants -- a problem that arises in barter.''

''Money As Debt II: promises unleashed'' (FULL MOVIE)

From LivingDead221...............''Paul Grignon's second presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada, the United States and in whole Europe.''

''Chris Martenson on peak prosperity and fiat currency flaws''

From GoldMoneyNews..................''Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. GoldMoney's Alasdair Macleod talks to Chris Martenson, who runs the Peak Prosperity (www.peakprosperity.com/) website and is the author of The Crash Course. They discuss the concept of "peak prosperity", the flaws of an exponential money system and the coordinated interventions of central banks.

Martenson explains the reasons for renaming his website "Peak Prosperity" -- as owing to economic and environmental trends, many people are going to be faced with declining living standards in the years ahead. However, this should not necessarily be equated with declining quality of life, as there are lots of things that cannot be measured in terms of dollars -- such as safety, community and purpose.''

''Fiat Money Is Immoral''

From Financial Sense
By Richard Russell

''Russell goes moral — I may work my whole life and make an after-tax total of five million dollars. The Fed, with nobody working, can "create" 100 billion dollars out of thin air in a matter of a few seconds. To me, this is absolutely immoral. Furthermore, the Fed wants inflation to continue at 2% a year. Again, I maintain that this is immoral. It's wiping out the middle class over time. I have a GI life insurance policy that was worth $10,000 when I took it out in 1945. At that time, the policy looked like big money. I scrimped and saved to buy and pay off that policy. What's the policy worth today, after years of compounded 2% inflation? Not much — talk about legal robbery!''

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''The DOLLAR is COLLAPSING - Elijah Johnson Interviewed by Adrian''

From.......... ''Adrian Shepherd, the author of "iSucceed," interviews Elijah Johnson, the founder of Unconventional Finance, about how he got interested in finance and what he sees for the world economy going forward. Find Elijah on the web: http://www.UnconventionalFIN.com/ Subscribe to Elijah on youtube: http://www.youtube.com/user/UnconventionalFIN''

''Our Money Is Dying, Don't let your wealth die with it''

From Market Oracle

''Because every effort is being made to avoid abandoning the credit expansion process -- with central banks and governments lending and borrowing furiously to make up for private shortfalls -- we are left with the growing prospect that the outcome will involve some form of "final catastrophe of the currency system"(s).

This report explores what the dimensions of that risk are. It draws upon both historical and modern examples to try to shed some light on how the currency collapse process will likely unfold this time around. Plus, we'll address how best to avoid its pernicious wealth destroying effects.''

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''IMF Backs Full Reserve Banking!''

From Positive Money

''We’ve been in a state of mild shock since Saturday. We discovered one of the strongest advocates of full reserve banking in the institution where we would expect it least.

The International Monetary Fund has released a paper “The Chicago Plan Revisited” that supports the proposals of Irving Fisher – those which are the basis for Positive Money’s proposals - using state of the art economic modelling.

In their summary the authors Jaromir Benes and Michael Kumhof write:

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits.''

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''How To End the Fed, and How Not To''

From GoldSeek
By Gary North

''As we shall see, the author calls for pure fiat money, issued by the government. His proposal features 100% reserve banking, but it explicitly denies any need for a gold standard. The money supply would be controlled by the government. In short, we can trust the government to manage the money supply. Here is what Henry Simons proposed in 1934.

100 per cent reserves, simply could not fail, so far as depositors were concerned, and could not create or destroy effective money. These institutions would accept deposits just as warehouses accept goods. Their income would be derived exclusively from service charges – perhaps merely from moderate charges for the transfer of funds by check or draft. . . . These banking proposals define means for eliminating the perverse elasticity of credit which obtains under a system of private, commercial banking and for restoring to the central government complete control over the quantity of effective money and its value.''

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