Category Archives: Financial System

Inflation, Devaluation and Confiscation

When we live in a financial system where money is printed by governments and they decide that only that can be used as a medium of exchange, it should not be a surprise that they print more and more of … Continue reading

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Quantitative Easing [QE] 3 is Here

Well Quantitative Easing 2 ended in July 2011 and at that time I blogged in ‘The So-Called End of Quantitative Easing (Money Printing)’ that QE 3 would be coming and it seems to have finally arrived. Don’t forget that the … Continue reading

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Qatar and Emirates Gold & Silver Update

QatarDuring my visit to Qatar in late September and early October I decided to revisit the Qatar Gold Souq area to see how the gold market was going and found out that Al Fardan Exchange had a notice that they … Continue reading

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What is a Dirham or Dollar Worth These Days?

I have been living in the United Arab Emirates for the last 15 years and have been around when they shrunk the 1 dirham (28.5 mm to 24 mm) and 50 fil (25 mm to 21 mm) coins, and have … Continue reading

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The So-Called End of Quantitative Easing (Money Printing)

Well I wasn’t in the know when Quantitative Easing (QE) 1 (Mar 2009 to May 2010 – $1.25 trillion in mortgage-backed securities from banks) and QE Lite (September 2010 – $300 billion – reinvest the proceeds of maturing mortgage-backed securities … Continue reading

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