Do you know the difference between Money and Fiat Currency? Money has intrinsic value and currency does not.
“MONEY” is a store of value and energy. It has been exchanged since before recorded history. This exchange has typically come in two forms.
One being “Money of Account”, these are debts and credits recorded on a ledger. The other being “Money of Exchange”, which is the physical trade of an agreed-upon currency or commodity.
Money of Account… the earliest ledgers date back to Aurignacian, about 30,000 years ago. Money of Exchange can be categorized into 3 distinct subsections.
- Commodity money; A currency of exchange that is tangible and useful of itself. Like a chicken or gold.
- Representative money; A currency printed but backed by tangible goods (most often gold and silver).
- Fiat currency; A form of exchange that has no backing by tangible goods or services. It is only backed by confidence. NOTE: ALL fiat currencies eventually fail.
From about 1000 BC, money in the form of small knives and spades made of bronze was in use in China during the Zhou dynasty, with cast bronze replicas of cowrie shells in use before this. The first manufactured actual coins seem to have appeared separately in India, China, and the cities around the Aegean Sea 7th century BC.
Coins were typically minted by governments and then stamped with an emblem that guaranteed the weight and value of the metal. However, as well as intrinsic value coins had a face value. Sometimes governments would reduce the amount of precious metal in a coin (reducing the intrinsic value) and assert the same face value, this practice is known as debasement or THEFT!
The Bank of England risked a national financial catastrophe in the 1730s when customers demanded their money be changed into gold in a moment of crisis. Eventually, London's merchants saved the bank and the nation with financial guarantees. (This is the first evidence of a socialist bailout I can find which set the stonework for social bailouts of industry, commerce, and fiat monetary systems.
Money is literally the stored energy of the people. Some wicked and powerful families realized this…
“I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain's money supply controls the British Empire. And I control the money supply.”
~ Baron Nathan Mayer Rothschild
Switzerland was the last country whose currency was tied to gold. 40% of a Swiss Franc was backed by gold until Switzerland joined the IMF in 1999. Who controls the IMF to this day? You guessed it, the same families. Their goal is a one-world currency, backed by nothing… this is the ultimate form of theft and control. So, the big question… do we trust them? LOL.
Friends, our current financial system is a fraud, a form of theft of the energy of the people.
Solution – to work around the current system. Trade goods and services. Trade real “money”.
Know the law when it comes to tax consequences… ask your accountant how much taxes should be paid on a trade. If the answer doesn’t make you smile, then get a new accountant.
I want to thank Sean Robinson for co-authoring the above and turning us on to GoldBacks. Our business is preparedness in all ways. So, we've become distributors. If you'd like some GoldBacks, please reach out and fill out our contact form here.