LIBERTY DOLLAR
An alternative currency created to combat inflation. Made by Bernard von NotHaus in 1998, these were backed originally by silver; later on by gold, copper, and platinum. Through von NotHaus’ National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), the silver liberty dollars were spawned in a private mint in Idaho. Unlike the official US currency, these are supposed to be an inflation proof because liberty dollars are made of precious metal. But because of the similarities (in appearance) between liberty dollars and US official coins, he was arrested in 2009 on charges of intent to defraud, and found guilty of conspiracy against the Fed government in March 2011.
POPULAR TERMS
Proved Reserves
It refers to the amount of resources that can be recovered from the deposit with a reasonable certainty level.
Cumulative Discount Privilege
In mutual fund, a way an investor can become eligible for lower fees by getting the sum of multiple transactions in several funds within the same f ...
Commercial Hedger
Companies purchasing futures positions in commodities to control its costs. When used in creating a product or service, corporations can hedge to r ...
Hurdle Rate
The minimum rate of return required by a manager on a project. The riskier the project, the higher the hurdle rate.
Sensex
Sensex is the abbreviation for the index of the Bombay Stock Exchange (BSE) that is the Bombay Sensitive Index. In 1986, the Sensex was initially c ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
