Gold And Debt

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War And Gold

Author : Kwasi Kwarteng
ISBN : 9781408848173
Genre : History
File Size : 84.83 MB
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In the sixteenth century, Spanish conquistadors discovered the New World. The vast quantities of gold and silver would make their country rich, yet the new wealth, which was plunged into multiple wars, would eventually lead to the economic ruin of their empire. Here, historian and politician Kwasi Kwarteng shows that this moment in world history has been echoed many times, from the French Revolution to both World Wars, right up to the present day, when our own financial crisis saw many of our great nations slip into financial trouble. Kwarteng reveals a pattern of war-waging, financial debt and fluctuations between paper money and the gold standard, and creates a compelling study of the powerful relationship that has shaped the world as we know it, that between war and gold.
Category: History

The Value Of Debt In Retirement

Author : Thomas J. Anderson
ISBN : 9781119020004
Genre : Business & Economics
File Size : 70.26 MB
Format : PDF
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Increase the odds you won't run out of money in retirement – using debt! Conventional wisdom is wrong – being debt free in retirement may actually increase your risk. The Value of Debt in Retirement teaches you how incorporating debt into your retirement strategy may increase your return, lower your taxes and actually lower your risk. You read that right. If handled correctly, debt—that thing we've all been taught to avoid—can play an integral role in your life, especially in retirement. New York Times Best Selling Author and nationally acclaimed financial expert Tom Anderson shows you how to use the time tested strategies of the best companies and the ultra rich to retire comfortably, minimize taxes, buy the things you have always wanted to have and do the things you have always wanted to do. Thought provoking and against the grain, Anderson explains why your risk tolerance doesn't matter, why being debt free may actually increase your risk and why rushing to pay off your mortgage may be a financial disaster. Full of shocking revelations and tricks high- net-worth individuals have used for years, The Value of Debt in Retirement opens the world to a new approach to wealth management in retirement, one that factors in both sides of the balance sheet as an integrated ecosystem. Real-world case studies illustrate how informed debt strategies can lead to a happier, healthier retirement. See how an individual with a net worth of more than $5 million can spend $20,000 per month - after taxes - and pay less than $5,000 per year in taxes, how it is possible to increase your rate of return by 50%, and how a lower risk portfolio with debt could increase the chances you do not run out of money. Specifically written to Baby Boomers, practical guides and checklists show how to use debt strategies to fund primary and secondary properties, refinance credit card debt, and finance hobbies, such as cars and boats and recreational vehicles. Additional guides show how you can help your children, help your parents and leave a bigger legacy for your heirs and favorite charities. Regardless of your net worth, The Value of Debt in Retirement provides tools to use to apply these concepts to your personal situation. There is no free lunch: the book delivers a balanced perspective focusing on the potential risks and benefits of the strategies discussed. A discussion on economic history highlights some of the shocks the economy may face and provides important warnings that you should factor into your retirement plan. Anderson not only shows that your life expectancy may be longer than you think, but also illustrates that many investors may be on track to average returns well under 4% for the next ten years – a potentially devastating combination. Irrespective of your beliefs about debt, The Value of Debt in Retirement proves risk is more important than return for retirees and provides suggestions on ways to minimize that risk. Not all debt is good and high levels of debt are bad. The Value of Debt in Retirement is about choosing the right debt, in the right amounts, at the right time. Perhaps most importantly, this book isn't for everybody. This book requires responsible actions. If you can't handle the responsibility associated with the ideas then this book then it isn't for you. If you need a rate of return under 3% from your investments then you may not need this book. But if you can handle the responsibility and if you need a return above 3%, this book may offer insights into the best (and potentially only) way to achieve your goals.
Category: Business & Economics

The True Gold Standard

Author : Lewis E. Lehrman
ISBN : 9780984017805
Genre : Currency question
File Size : 75.85 MB
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This Monetary Reform Plan proposes to establish the framework for an enduring, stable value for the United States dollar; that is, to define the dollar by statute as a certain weight unit of gold to be coined into lawful money.Long associated with free market prices, mobile factors of production, and free people, a "dollar convertible to gold"* is warranted by the United States Constitution in Article I, Sections 8 and 10 (see Appendix I). A monetary standard of precious metal (gold and silver) was the institutional monetary foundation, the gyroscope, of the great Industrial Revolution of the western world, giving rise at the birth of the American Republic to a reasonably stable American currency. Wars did interrupt stability and growth. But over the long run, economic productivity and population expansion led to unprecedented prosperity. They were hallmarks of the United States from the Coinage Act of 1792 (see Appendix II) until 1971 when the last vestige of dollar linkage to gold was suspended. Floating paper money exchange rates, mixed with pegged and manipulated exchange rates, have persisted during peace and war to this very day. (Since 1971 average hourly real wages have hardly improved.)A floating, or pegged paper and credit currency, has proven itself throughout history an unreliable, depreciating store of value. Unlike the paper dollar, a dollar defined in law as a weight unit of gold is the monetary standard which simultaneously provides all the primary functions of true standard money: (1) a stable store of value; (2) a stable measure and unit-of-account; and, (3) a universally accepted means of payment. A gold monetary standard combines, in one monetary article of wealth, the three primary functions of money. Moreover, the true gold standard of history provides the global networking effects of universally acceptable, equitable, ubiquitous, standard money. Through long historical evolution gold became free trade money.Throughout ancient and modern history it was the unique properties of the gold monetary standard which made it universally acceptable to trading peoples in the market. The test of what The Purpose of The True Gold Standard will endure as honest money can only be studied in the empirical laboratory of human history; mathematical abstractions, drawn from the blackboards of academic economists, will not do. Because trust and universal acceptability are the trademarks of honest moneythese virtues must be affirmed, in the long run, by the tests of the open market, and then reinforced by wise, limited, and prudent governments which understand and embrace the inductive, tested verdict of the market. No perfect monetary system can be fashioned in this imperfect world, peopled by imperfect human beings. But the natural monetary properties of the true gold standarddeveloped by supple and subtle institutional mechanisms through centuries of observation and experienceprovide the world trading system with the least imperfect domestic and international monetary system. Such a system best enables that fragile reed known as civilization to endure.* The term "convertibility" is a conventional but misleading usage handed down from time immemorial. I use the term reluctantly. The historic dollar of the American Constitution should be understood as a certain weight unitof precious metal. Paper and credit monies should be no more than rights to redemption in gold dollars at the statutory parity.
Category: Currency question

Turning Black Ink Into Gold

Author : Toby Tatum
ISBN : 9781456601560
Genre : Business & Economics
File Size : 34.4 MB
Format : PDF, Docs
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Over 80% of small and lower middle market businesses offered for sale do not sell. In many cases, the reason no one will buy these businesses is because their historical financial statements are so poorly prepared that buyers cannot make an intelligent determination of how profitable the business has been or how likely continued profitability will be in the future. The purpose of Turning Black Ink Into Gold is to show small business owners how to improve the quality of their financial performance and how high quality financial performance reporting can improve their company's profitability, marketability and market value
Category: Business & Economics

Debt Innovations And Deflation

Author : J. Patrick Raines
ISBN : 1781008159
Genre : Business & Economics
File Size : 87.18 MB
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Analyzes the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A Schumpeter, and Hyman Minsky. In so doing, this work develops a paradigm for understanding the phenomenon of deflation. It also provides a re-examination of the literature and theories of deflation.
Category: Business & Economics

Debt Ceiling Increase

Author : United States. Congress. Senate. Committee on Finance
ISBN : LOC:0010232951A
Genre : Debts, Public
File Size : 25.67 MB
Format : PDF
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Category: Debts, Public

Paper Against Gold

Author : William Cobbett
ISBN : UOM:39015064499786
Genre : Finance
File Size : 46.95 MB
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Category: Finance

Sovereign Debt

Author : Robert W. Kolb
ISBN : 1118017552
Genre : Business & Economics
File Size : 71.51 MB
Format : PDF, Kindle
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An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that's why Robert Kolb has compiled Sovereign Debt. With this book as your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference. Contains up-to-date research and analysis on sovereign debt from today's leading practitioners and academics Details the dangers of defaults and their associated systemic risks Explores the past, present, and future of sovereign debt The repercussions of a national default are all-encompassing as global markets are intricately interwoven in the modern world. Sovereign Debt examines what it will take to overcome the challenges of this market and how you can deal with the uncertainty surrounding it.
Category: Business & Economics

Gold Value And Gold Prices From 1971 2021

Author : Gary Christenson
ISBN : 9781452517070
Genre : Business & Economics
File Size : 26.42 MB
Format : PDF, Kindle
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• “Gold Value and Gold Prices: 1971 – 2021” takes the reader on a journey of discovery that includes: • Why expert opinions regarding gold prices are often not helpful. • A history of gold prices since President Nixon closed the “Gold Window” in 1971. • The macro-economic variables used to empirically model the price of gold. • The formula for the Gold Empirical Model that accurately replicated the price of gold since 1971. • What the model projects for gold prices from 2014 - 2021. • Gold cycles, important ratios, and market bubbles. • Why counter-party risk and the Quantitative Easing policy pursued by the Federal Reserve and most other central banks will impact the price of gold and your financial future. • Why Fed policies and exponentially increasing debt will force gold prices and consumer price inflation much higher. • Central bank gold sales and their impact upon gold prices. • You will understand why you must own gold. Then you will learn where, how, and when to both buy and sell gold.
Category: Business & Economics

Oil Dollars Debt And Crises

Author : Mahmoud A. El-Gamal
ISBN : 9780521896146
Genre : Business & Economics
File Size : 87.12 MB
Format : PDF
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This book explains the links between past and present oil crises, financial crises, and geopolitical conflicts.
Category: Business & Economics

The Gold Standard At The Turn Of The Twentieth Century

Author : Steven Bryan
ISBN : 9780231526333
Genre : History
File Size : 45.76 MB
Format : PDF
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By the end of the nineteenth century, the world was ready to adopt the gold standard out of concerns of national power, prestige, and anti-English competition. Yet although the gold standard allowed countries to enact a virtual single world currency, the years before World War I were not a time of unfettered liberal economics and one-world, one-market harmony. Outside of Europe, the gold standard became a tool for nationalists and protectionists primarily interested in growing domestic industry and imperial expansion. This overlooked trend, provocatively reassessed in Steven Bryan's well-documented history, contradicts our conception of the gold standard as a British-based system infused with English ideas, interests, and institutions. In countries like Japan and Argentina, where nationalist concerns focused on infant-industry protection and the growth of military power, the gold standard enabled the expansion of trade and the goals of the age: industry and empire. Bryan argues that these countries looked less to Britain and more to North America and the rest of Europe for ideological models. Not only does this history challenge our idealistic notions of the prewar period, but it also reorients our understanding of the history that followed. Policymakers of the 1920s latched onto the idea that global prosperity before World War I was the result of a system dominated by English liberalism. Their attempt to reproduce this triumph helped bring about the global downturn, the Great Depression, and the collapse of the interwar world.
Category: History

Debt Crisis And Recovery

Author : Albert Gailord Hart
ISBN : 0765635550
Genre : Business & Economics
File Size : 46.71 MB
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This book provides a perspective by a prominent economist on the problems of debt, recession, and recovery in the 1930s as compared with the 1990s. The book begins with several chapters on the explosion of debt in the public and private sectors during the 1970s and 1980s, and its implications for economic stagnation and recession that seem to plague the economy. Resolution of the debt problem and reform of the banking and financial system are critically important because these problems dampen economic recovery and growth in the future. The second part of the book is a reprint of Albert Hart's classic 1938 study, Debts and Recovery 1929 to 1937, originally published by the 20th Century Fund. The extraordinary parallel between financial problems of the 1930s and the 1990s, solutions of the past, and proposed reforms for the future may provide a fascinating study for scholars and interested citizens alike.
Category: Business & Economics

Cross Of Gold

Author : Georg Rich
ISBN : 9780773584112
Genre : History
File Size : 83.65 MB
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An intriguing view of the Canadian economy before WWI, this study fills a gap in the existing literature on the economic history of Canada. Using improved monetary statistics, the author explains how the business cycle worked under the gold standard, and takes an in-depth look at the roles the banks, the government and the public played in relation to Canada's balance of payments and the gold stock.
Category: History