Sentences with phrase «in unbacked»

And on Feb. 25, 1862, Congress passed the first Legal Tender Act, authorizing the issuance of $ 150 million in unbacked paper currency called United States Notes.

Not exact matches

Simplified, the gold price rigging scam works by the orchestrators allowing natural market forces to increase the price in roughly $ 50 — 100 increments, whereupon they unleash massive, synchronized, simultaneous, shock - and - awe - style naked short sales, unbacked by any physical gold they actually own, that take the price right back down by $ 50 to $ 100 in a matter of minutes to a few days.

And this did a great deal to prepare the ministers for separation by training them in dependence upon persuasion unbacked by even a possibility of coercive power, and teaching them reliance upon political sagacity and the necessity for very down - to - earth political activity at least in ecclesiastical affairs.

Bartke has «really paid his dues» in three different phases of his career, says Roth: grappling with the challenges of doing science during the Cold War in Eastern Europe, building his reputation in endocrinology in the United States, and then making his largely unbacked foray into biogerontology.

But in no case should a reporter who wishes to portray with accuracy the debates about global warming, present a minority view unbacked by science and promoted by businesses with a small, old dog in a very tough dog fight, as equivalent to hard science from unbiased scientists with no economic interest in anything but getting the facts and predictions right.

Centralized virtual currencies are digital currencies that have a «centralized repository»; this is likely intended as a catch - all term for any virtual currencies which are not simply tokens for «real» currency or precious metals but rather a currency in their own right, Second Life's Linden dollars is perhaps the existing canonical example, although a hypothetical Bitcoin - like unbacked currency backed by a central repository would also fall into the scope.

It could be pure coincidence that an influx of over $ 87 million in potentially unbacked coins was created around the same time the value of almost every one of the top 100 coins began increasing.

Experts fear that Tether issue unbacked tokens and use them in fraudulent manipulations of the bitcoin price.