Edward is joined by Jim Rickards – chief global strategist at West Shore Funds and author of "The Death of Money.” Jim gives us his take on the Canadian central bank’s moves and how it plays into his currency wars thesis. He also tells us what to expect from the ECB regarding quantitative easing and why the US dollar is so strong.
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the logic of the system is faulty, finances is an industry, same as banks, therefore property becomes the quantity of any currency, the result is that value is exclusively determined by quantity, while value is a quality. This creates repetitions of the quantity to achieve quality, while it is valuable to objects material objects not to the human mind.
ReplyDeleteFiat money has a balance power in other words it exist on a limited balance. While mind powers are greater. Power as unlimited economical wealth has a negative consequence.
psychologically the modification on the human mind is that it misplaces what he repeats and what he creates, the unmeasured increase in wealth power restricts creativity confuses originality while a measured on one increases creativity. Private property has to be limited in order to evolve. The present value of fully economic power is faulty. When history repeats itself is often to teach a lesson.
From Wikipedia, the free encyclopedia
The divine right of kings, or divine-right theory of kingship, is a political and religiousdoctrine of royal and political legitimacy. It asserts that a monarch is subject to no earthly authority, deriving the right to rule directly from the will of God. The king is thus not subject to the will of his people, the aristocracy, or any other estate of the realm, including (in the view of some, especially in Protestant countries or during the reign of Henry VIII of England) the Catholic Church. According to this doctrine, only God can judge an unjust king. The doctrine implies that any attempt to depose the king or to restrict his powers runs contrary to the will of God and may constitute a sacrilegious act. It is often expressed in the phrase "by the Grace of God," attached to the titles of a reigning monarch.