“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:
Jeffrey Tucker: How to Fake a Fast Food Strike
Housing, Diminishing Returns and Opportunity Cost
The Return of the Dodgy Dossier
Bill Bonner: Congress Marches Arm In Arm Toward Catastrophe
The best second passport for Edward Snowden…
Jim Rogers: At What Price You Should Start Buying Gold
Taxes: Another Weapon of Globalist Destruction?
ISIS: Made in Washington, Riyadh – and Tel Aviv
The Gold Lease Story You Haven’t Heard
Crisis and Opportunity in the Junior Miners
Might India Confiscate the Gold of the Temples?
The Deeper Meanings of Cyprus
The Surveillance State: How The War On Drugs And The War On Terror Go Hand In Hand
Ron Paul: Neocons Are Back With a Big War Budget and Big War Plans
Pepe Escobar: The illusory state of the Empire