Laura Knight-JadczykSott.net20/11/2006Traduccion: The AveriguadorComentario: This is the ninth in a series smaller and emerging funds written in 2006, asset management commemorating the 43 anniversary Inc. of the assassination of JFK.Greg Bacon noted the precarious position they are historical figures after having tried to change the system: Any move toward that nest of snakes known as the FED is in a mission suicida.Obama can follow the path of that carpenter from Nazareth to echo to the moneychangers out of the Temple and was murdered for his efforts . Or you can take the path of President Andy Certified U.S. Gold
In the nineteenth century, many countries had capital worth a bimetallic pattern. United Kingdom had a pattern since the beginning of the century while the Austro-Hungarian Empire, the Russian Empire, Scandinavia and the Far East had silver pattern.
During the third quarter of the nineteenth century, the bimetallic system was under increasing pressure. Portugal who had strong trade relations with Great Britain adopted the gold standard in 1854. Furthermore, the European continent had trouble managing the bimetallic pattern. The growth of international transactions and the reduction of transport costs led to increased flows of foreign currencies in many countries. Most of them were financial currencies.
Italy began to issue coins of small denomination bills of 0.835. As the French coins were more valuable’0, 9 law ‘, individuals exchanged coins bearing the French and Italian. France reduced the law of their currencies to 0.835. So the law of Switzerland reduced their currencies to 0.8.
Aware of their interdependence met these countries and Belgium in mutual funds 1865, agreeing to mint coins 0.835 bill. The outbreak of the Franco-Prussian War forced France, Russia, Italy and the Austro-Hungarian Empire to suspend convertibility.
After the Franco-Prussian war, Germany will move to the gold standard, to abolish the unlimited coinage of silver. With the allowance of 5000 million francs that France should pay, Germany funds coined gold and silver sold in exchange for gold in world markets. The liquidation of silver from investment Germany, coupled with the discovery of new silver mines in Nevada and elsewhere during the 1850s, resulted in the reduction CEO of of their price by forcing other countries to accept imports of inflationary silver or bimetallism to leave favor of the gold standard.
At the United Kingdom and Germany to adopt the gold standard, the network externalities led other countries to follow private equity company his path. Denmark, Netherlands, Norway, Sweden and the countries of the Latin Monetary Union joined the gold standard. In the late nineteenth century Spain was the only European country that still had paper unconvertible.
The existence of the pure gold standard does not cause inflation, just relaxing in the convertible and permissiveness that banks operate with fractional cash reserves, production, increasing the money supply in relation to available goods’ quantity theory of money ‘ . In the U.S., where agriculture and the owners of silver mines pressed, a conference was held in 1878 to return to bimetallism. Given the opposition United Kingdom and Germany that did not attend, this attempt was unsuccessful.
In the early twentieth century, the whole international system was based on gold. However, only England, Germany, France and USA. UU. maintaining a pure gold standard. Circulating gold coins paper ‘notes and coins that could change the gold held by central banks in their safes or their national treasures. Yet in France there was a gold standard to ‘renqueante , though not as free silver was coined, this was still net worth legal tender. In investment funds addition, residents and foreigners could convert the notes of the Bank of France in gold or silver at the discretion of the authorities. In the Netherlands, Belgium and Switzerland convertibility was decided by the authorities.
Moreover, there were other mechanisms to foster the inflow of gold and hinder their departure. Central Bank interest-free loans granted to importers of gold. Could reduce the incentive to buy gold only banknotes changed the main office. Could push the price of buying gold bars or change tickets just for wearing gold. In the U.S., the pattern was limited until 1900, because the laws require the central bank to buy silver. From 1900 Act was passed the gold standard, which stated that the dollar contained 25.8 grains of gold and 0.9 laws and not providing for or purchase of silver bullion.
In other countries, the money consisted of silver, paper gold and paper money, but the central bank pledged to convert their money into gold at a price in sight. Central banks with the exception of the Swedish Riksbank, the Bank of Finland and the Russian State Bank were by then private entities, that in exchange for the right to issue banknotes, serving the government. The English Bank Charter Act, which led most of the laws established the existence of two separate departments asset management and emission banking.
The composition of international reserves equity funds varied from one country to another. The pound LLC is a privately owned investment advisory firm sterling was the main currency of exchange and end the period represented 40 of total reserves of foreign exchange.

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The effects of inflation and interest rates on delay discounting in human behavior.: An article from: The Psychological Record by Kentaro Kawashima (Digital – Jan 19, 2007)HTML