Posts Tagged ‘Corporatism’
People in Indonesia have been using an alternate money in the gold dinar and silver dirham as a response to the devaluation of their currency that began in the late nineties. This is a clip from a dutch film : www.youtube.com A Guardian article also discusses this phenomena which is taking root in the Islamic world as the Malaysian government considers allowing people to use a gold dinar as an alternate currency. www.guardian.co.uk “Will the gold dinar thwart capitalism?” um. . . actually that is what true free market capitalism is based on, commodity money. The global economy is NOT a capitalist economy in the free market sense of the word and hasn’t been so for a century at least!! Mercantilism or corporatism more appropriately describe the USA today along with other nations of the global economy. gold, silver, gold dinar, silver dirham, Indonesia, fiat money, central banking, federal reserve, gold and silver, dinar, dirham, inflation, Marc Faber, Peter Schiff, Mises, Rothbard,
Karina Ulrich