
“One famous answer to the riddle of fiat money is that governments use force to ensure that fiat money is valued. But this can’t be the case in Somalia: it hasn’t had a government since 1991, yet shillings continue to be accepted.”
Read more: http://jpkoning.blogspot.ca/2017/03/bringing-back-somali-shilling.html
Related posts:
While America Feuds, the Police State Shifts Into High Gear
Do We Really Want a Cold War II?
‘Make Trade, Not War’ is China’s daring plan in the Middle East
QE3 – Pay Attention If You Are in the Real Estate Market
“Stalin Would Love This…”
Europe’s Pain is the World’s Gain
Junk Bonds Soar in Price as Investors Seek Higher Rates
Manning Show Trial Exposes the Fraud of Representative Democracy
Africa's Resources Beckon
Dangerous Organizations of the National Security State
Peter Schiff: Cyprus Lifts the Curtain
Cost to Store All US Phonecalls Made in a Year in Cloud Storage so it could be Datamined
Bombing Syria: Little Gain but Much Cost and Risk
There is no terrorist threat: The feds want you to think there is
Risks Across All Markets Necessitate Careful Asset Allocation