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Posts Tagged ‘United Kingdom’

Seal of the Central Intelligence Agency of the...

As of February 10, 2011, the CIA World Factbook is still reporting December 31, 2008, numbers for the Market Value of Publicly Traded Shares.

Rounding out the Top 10 are (T represents trillions of USD):

1. United States 11.740T
2. European Union 7.564T
3. Japan 3.220T
4. China 2.794T
5. United Kingdom 1.852T
6. France 1.492T
7. Russia 1.322T
8. Hong Kong 1.320T
9. Germany 1.108T
10. Canada 1.002T

On February 28, 2009, I recorded their Top 10 for 2007.

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A "fiat" currency that lasted 500+ years

It is widely believed and often repeated that no “fiat” currency has lasted very long. By “fiat” currency, most are referring to currency issued with a dictated value without gold or silver backing, despite fiat simply meaning “let it be,” and doesn’t require or exclude backing by gold or silver. Most who disparage “fiat” currency fail to draw the distinction between interest-free currency and currency issued at interest by banks.

In his August 14, 2010 interview of Lew Rockwell, Al Korelin of The Korelin Economics Report said:

“No fiat currency has ever lasted more than a couple hundred years.”

The banksters don’t want you discovering historical examples of “fiat” currencies that have lasted more than a few hundred years, because they demonstrate that a middle-man who lends money out at interest is not only unnecessary, but a direct cause of booms and busts. Also, such examples impinge on their cyclical plan of presenting the gold standard as a false solution for a return to “stability” and “honest money,” after their debt-money system has inevitably reached its end in the current cycle.

From the United Kingdom’s National Archives we see the following description of ¬†“thirteenth century tally sticks“:

“According to the Latin writing on them, several of the tallies were issued to Nicholas de Turevill. He was sheriff of the counties of Buckinghamshire and Bedfordshire between 1293 and 1296, during the reign of Edward I. One tally was a payment relating to royal forest in the counties. Another cleared some of his outstanding debts to the king.”

“Exchequer officials continued to use tallies until 1826, with very large tally sticks created to record huge sums of money.”

Here we have an official source describing one such example of a “fiat” currency that lasted more than a few hundred years — in this case, for over 500 years, from 1293 to 1825.

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Google has a tool for tracking government requests directed to Google and YouTube. From http://www.google.com/governmentrequests/:

Like other technology and communications companies, we regularly receive requests from government agencies around the world to remove content from our services, or provide information about users of our services and products. The map shows the number of requests that we received between July 1, 2009 and December 31, 2009, with certain limitations.

Rounding out the top five countries with data requests were: Brazil (3663), United States (3580), United Kingdom (1166), India (1061), and Germany (458).

The top five countries with removal requests were: Brazil (291), Germany (188), India (142), United States (123) and South Korea (64).

Canada had 41 data requests and 16 removal requests, 43.8% of which have been fully or partially complied with.

What stands out the most for me, are the removal requests without a court order, in the United States particularly, given the constitutional requirement for a warrant.

For web search result removal requests without a court order, there were five in the U.S. and one in Canada. No information is given as to the status of any of the removal requests, so we don’t know whether they were complied with to any degree.

This should especially be of concern, given that Google CEO Eric Schmidt said Google’s mission is to store all the world’s information.

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AN ALTERNATIVE TO THE ALTERNATIVE MEDIA

Recovering Austrians

Supporting recovering Austrian Economics addicts and their families

Real Currencies

Supporting People and the Commonwealth and resisting the Money Power by defeating Usury