If anyone still thinks that there is a world of paper currency purchasing power to survive, then look at the performance of paper money that had been considered strong in the world such as graphics on the side. The purchasing power of gold for example Rupiah home to 20% over the last 10 years, when in early 2000 you could buy 1 gram of gold for Rp 66.000, – so now with the same money you could only buy 0.2 grams of gold per gram as has now become Rp 330.000, -.
Not only the amount but the range of world-mighty currencies was his fate only slightly better than the Euro; in the past 10 years the same purchasing power of the pound sterling against gold live 23%, 25% lived U.S. Dollars, Yen and Sing Dollar and Euro only 30% lived 34%.
Why is gold for comparison? instead of inflation data in each country? Simple, in developed countries like America which he said most transparent in the information? state government’s official inflation data was doubted by his own people, so comes the Shadow Government Statistics, for example? Government supposed to have? interest? against this inflation data so that data can be issued is not the actual data.
On the other hand, the purchasing power of gold has proved to be stable for more than 1,400 years – that 4.25 grams of gold, called a dinar, always enough to buy a goat’s tail. So that the gold (with silver) was worth as the only fair balance inĀ as revealed by Imam Ghazali in? Ihya Ulumuddin since 10 centuries ago.
With the decline in the purchasing power of paper money as mentioned above, whether consciously or not mankind that many would miss the presence of the fair cash value of inflation-free? although it could be money is not recognized as money by the monetary system adopted by the world today.
When the world’s financial authorities receive back the money intrinsic value like gold / silver dinar or / Dirham, then search the affairs of this new money has been completed. Live copy paste from the Islamic Sharia on how to use this set of gold and silver? everything is complete and has been run for over 1000 years.
The problem is the current world financial system that commandeered the IMF denied the presence of gold coins, so what do you think will happen? Community will increasingly do not trust the regime of world paper money, but the intrinsic worth of the coveted money hampered its presence making it difficult to be sufficiently available in the community. It’s likely that will happen is the Barter system will develop.