Sentences with phrase «unbacked by»

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.

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.

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

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.

Not exact matches

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

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.