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Martin Armstrong:米ドルも法定通貨ではない。なぜなら…

はじめに


・一般常識を覆す Martin Armstrong の見解を紹介する。

一部引用



Why the Dollar is not Fiat


Therefore, anyone who tells you that ONLY paper money is fiat, they have absolutely no idea of the monetary system and how it has evolved with time. ALL money, when fixed in value by the government, is FIAT. Even the infamous Soros attack on the British pound was based upon Britain trying to “fix” the pound at a high rate within the European Rate Mechanism at a high rate for pride.

Only a floating exchange rate system ends the fiat. So yes ? that means as long as the “paper” dollar floats in value on world markets, it is not actually fiat any more than Bitcoin trading. The term “fiat money” means an arbitrary order or decree declaring the value to be fixed. The dollar was “fiat” when it was arbitrarily established by Roosevelt at $35 to the ounce of gold. Since 1971, the dollar floats and it is no longer fiat because that is the definition of a fixed arbitrary value.

Today. as long as a currency floats, it is not an arbitrary declaration of its value by the government and is therefore not “fiat” as popularly stated by the hard money crew. This mythical idea that a currency should be a store of wealth has NEVER existed even once in history from one decade to the next. Those who argue for such a system are incapable of comprehending the business cycle and like Karl Marx want to freeze the system because they cannot cope with it.
Unfortunately, people call paper money fiat because they do not understand the meaning of the term. What they are doing is complaining money does not remain a constant value as Marx tried to create.

Ref: https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/why-the-dollar-is-not-fiat/


(2017-12-13)
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