Sentences with phrase «of unbacked»

The galleries» walls are made of unbacked 3/4» plasterboard with studs available when necessary.

But when new discoveries of gold are made, market participants do not begin to hoard paper or to set up printing presses for the issue of unbacked currency.

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.

It's government required use of money, legal tender laws, and the ability to print money that's unbacked by any kind of commodity.

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.

With our government printing unbacked money, and borrowing 40 % of operating expenses, we are heading for a brutal comeuppance.

Talk about unbacked paper money, CP is unsecured by any assets of the company receiving the loan.

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.

Project advisor, Jacob Frenkel, the Israeli economist and chairman of JP Morgan Chase International and the G30 stated: «While Blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile.

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.

There's a lot of controversy surrounding the Tether company, most notably the fact that the company responsible for minting new Tethers, whose owner is also the owner of the Bitfinex exchange, seems to be printing unbacked Tethers into existence and buying Bitcoin from themselves.

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