Sunday, January 16, 2011

WHY IS THERE NO REAL MONEY??

Everyone reading this article is being robbed. We all use paper money and every day, governments are lowering its value. That value is being stolen from us. To understand how this is happening, we need to get to the basics of what we are using for money. It is called Fiat Money; (Fiat from the Latin fiat, meaning “let it be done.”) This is an item, usually paper or low value metal coins, that is decreed to have value by a government.

A government puts fiat money into circulation first by connecting it to a gold or silver standard, but then cuts the link and says that gold and paper are no longer convertible, making the piece of paper “legal tender for all debts public and private.” It is obvious that debtors would be very happy if the pa-per money lost its value because they could pay their debts with inflated currency. In a letter to Edward Carrington in 1788, Thomas Jefferson wrote, “Paper is poverty … it is only the ghost of money, and not money itself.” Jefferson died bankrupt because of the early United States money (monetary) policy based on paper.

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Because of greed, America will soon fail, and will take down all the corrupt world banks with it.

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3 comments:

masterwordsmith said...

Great post! Thanks!

mgeo said...

Ref. the Great Western Recession:
(a) Where did all the lost money go? (asked by Debbie Menon, mycatbirseat.com, 2009).
(b) While the major Western economies were still ailing, where did the rescued banks make profits from in 2009, that enabled the repayment of a big chunk of the rescue package and record levels of bonuses for bank executives? This was repeated in 2010.

Walt said...

Just some paper and your imagination, there is no real money! They make it all up, but with it; they have bought up all the wealth of the world leaving us to live in poverty. :(