Ps. Gold & Silver - The Only Real Money Standard -
not paper, not electronic credits, not chips and not polo-ticz fiatz or 666counterfeitz vs....
The old real dollar is the name of the official currency in several countries, dependencies and other regions, including Australia, Canada, the East Caribbean, Liberia, Hong Kong, New Zealand, Singapore and the United States -
It is represented by the symbol $, placed before the dollar amount (in French Canada, after) -
The dollar was also in use in Scotland - during the 17th century, and there is a claim that - it was invented at the University of St Andrews -
The name is related to the historic currencies Tolar, in Bohemia, Thaler, in Germany and Daler, in Sweden.
The name thaler (from thal, valley) originally came from the guldengroschen (great gulden, being of silver but equal in value to a gold gulden) coins minted - from the silver from a rich mine at St. Joachimstal (St. Joachim's Valley) in Bohemia - (now in the Czech Republic).
The name Spanish dollar was used for a Spanish silver coin, the peso, an 8 real coin, which was widely circulated - during the 18th century in the Spanish colonies - in the New World -
The use of the Spanish dollar and the Maria Theresa thaler - as legal tender for the early United States - is the reason for the name of that nation's currency -
The word dollar was in use in the English language - for the thaler for about 200 years prior to - the American Revolution -
Spanish dollars, or pieces of eight as they were called, were in circulation in the 13 colonies that became the United States and legal tender in Virginia -
Derivatives cloud U.S. economic outlook: IMF Soft-landing still most likely outcome, but risks remain Last Update: 3:09 PM ET Aug 1, 2007
WASHINGTON -- The growth of derivative markets is making it more difficult to assess the vulnerabilities of U.S. financial markets and the risks to underlying economic activity, according to the latest report on the U.S. economy released Wednesday by the International Monetary Fund.
The report is an update to an IMF paper on the U.S. economic outlook released in June, and concluded that a soft-landing remains the most likely scenario, although there were risks of slower growth as growth remained near a stall speed. See full story.
The updated report included comments from the IMF executive board members. A key factor underpinning the soft-landing scenario is that financial conditions remain supportive to growth. The IMF said despite the latest bout of volatility, financial conditions remain easy. But a big concern for the IMF board was that rapid innovation in financial markets had created an opaque outlook for risk.
"Financial innovation has complicated risk assessment at a time of higher risk taking and deteriorating lending standards in some sectors," the board noted. (often to complicated when the 666 don't want to tell how bad it is?)
"As financial conditions tighten, unanticipated risk concentrations and links across markets could come to light," the IMF said.
The IMF said that derivatives have reshaped the U.S. financial sector. The income of banks and other financial firms has increasingly moved towards bundling and servicing specialized derivative products instead of holding loans.
The IMF staff report said the U.S. financial sector has been reshaped into an "originate to distribute" model.
Fyi. ex.... Derivatives, as Warren Buffett has described them, are financial weapons of mass destruction capable - of taking down and destroying the global - financial system.
GATA has said the banksters have sold Gold deriv. futures etc,,, in more > 30 trillions short - and leased out Gold etc,,, they don't own - all to manipulate the POG markets for more - than the last 20 years? -
If the derivative market implodes as I think it will eventually, the financial markets will cease to exist in their present form.
Investors and speculators will be looking for GOLD & Platinum PGMs stock as a safe haven -
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