6139008-History-of-Money

accelerating the economic collapse, and spreading its effects globally. Ultimately, this will lead to the absolute necessity toestablish a currency that is NOT dependent on governments or banks, but one based on gold.At this point it will be imperative to understand the true value of a currency… indeed the very essence of it. A currency isvaluable because it allows for the division of labour in the economy. It provides a measuring stick to help determine theviability of a business. A currency assists in developing the most productive use of resources in the economy. It is notwealth, but only a means to assist in creating wealth - which is society's ability to produce food, goods, and services.Remember this when powerful interest groups push the value of gold, silver and diamonds to unrealistic levels in thefuture. It has been said that only a small group of people understand the process of reasoning, and has the ability to seeto the core of the problem as opposed to passing an opinion on it. In this manner, irrational thinking is elevated to a highlevel of public consciousness. Manipulators can then play on this to undermine and distract the grasp of reality governingany situation. What we end up with is the absolutely inconsequential opinions of masses of people, molded by skilledmanipulators that assume the position of scientific fact. Since the Babylonian times of Nimrod (Masonry) and ProphetAbraham (monotheism) four thousand years ago, the times of ancient Rome and Greece, the times of the Pharaohs andother Dynasties, the rulers and controllers have been devising and evolving systems to enslave the peasants mentally andphysically for their financial benefits and elite comforts. Long ago in the dark unwritten pages of human history, powerfulkings discovered how they could control other men by torture, magical practices, wars, politics, idolatrous religions andinterest taking. These elite families designed strategies and tactics to perpetuate their occult practices. Layers upon layersof secrecy have hidden these families from the profane masses, but many an author has touched upon their existence. ",over 4,000 years ago in the ancient Babylonic days of slavery for the masses by Nimrod. [Of course, without theelectronic information.] Pharaoh ruled by dividing his subjects into casts and degrees like his predecessor Nimrod, thebuilder of the infamous tower of Babel. These ancient rulers would enslave some of their subjects and their supporters orenforcers or stooges would also benefit from the slavery. These ancient rulers would “enslave” their other subjects byimposing collections (taxes with no services) to expand their own wealth. Interestingly enough, these ancient rulers wouldnot get involved in the business of “money lenders or changers” who would also be imposing a form of collection known as“interest”. We have already discussed the meaning of money and the evils of interest in the previous sections. Rememberthat it’s not until the 1850s that the serfs were freed in Europe and then later that the Africans slaves were freed inAmerica. Let’s go forward and review this history up to date.The Biggest Problem on Earth (once more)Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leavethem the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."Money takes the form of whatever people or governments agree on to use for trade. Some forms of money are universallyaccepted and some are locally accepted. Some represent an existing asset such as gold or silver, some represent privatedebt and some in addition represent a national debt such as paper currency money. Money records the intermediary stepduring a trade, e.g. I sell my labor to someone and I get pieces of paper in return as a record. I haven’t yet gotten aservice or product in exchange for my labor, i.e. this is an incomplete trade represented by the paper notes that arewaiting to be spent at some future date. Therefore, there is always an amount of liquid money in circulation waiting to bespent. Money created from nothing, i.e. without any asset in escrow to backup it, is called FIAT money. Fiat money is thusan “I owe U” and note that due to inflation (and taxes on inflation) money loses its value over time. We will explain aboutinflation later. In the case of the US$ fiat currency, it is issued by a private central bank, The private Federal Reserve,with no assets, issues this currency for the cost of printing, or the cost of a computer database entry, and it expects thisto be repaid with interest, i.e. a gigantic fraud (see quotes from the Founding Fathers later). The Dollars created by theFed represent a national debt owed to the private BankLords who own the Fed and issue the currency at no cost tothemselves and with no liability to themselves because the Dollars are non-redeemable by the FED and must be redeemedfor goods and services elsewhere. The rest of the World mostly accepts this system of fiat currency due to the power ofthe fraudy Federal Reserve Act and the US military. Notice how Iraq was invaded after it decided to use the Euro€ insteadof the US Dollar$ for their oil trade. Under occupation, Iraq was forced to resume trading oil for US$ (the price of oil wentfrom $15 to $75 quintupling the $ purchase requirements, i.e. from over $600 million daily to over $3 billion daily).Gold’s value in terms of the basic goods it can buy has been steady for over 2000 years. However, the valueof the dollar has always been dropping steadily; it’s elastic and no longer fixed to a real commodity. Let’sexplore further. The dollar is no longer worth 1/20 th of an ounce of gold and is no longer coined in gold. Today’s paper oraccount dollars no longer represent a fixed commodity as per the above definition (even today’s coins are not worthanywhere near their face value), but they are still referred to as “money”, or more precisely, they are fiat money, i.e.money created from nothing which actually represents a debt, a bit like you creating paper tokens or rainchecks orcoupons or promissory notes with no ties to an existing commodity that you own! i.e. fiat money has no commoditybacking it except that most people accept it in exchange of goods through the force of legislation or military might. Notethat the US$ Federal Reserve Note (FRN) no longer says that the Federal Reserve Bank will pay the bearer on demand thesum of the face value of the note in Dollars (the Bank of England notes still say this but it is meaningless). The US$ statesonly that the FRN is legal tender for all debt payments (see the history later on how Roosevelt forced all Americans to turnin their gold for a big loss). TODAY’S MONEY IS NOT WHAT IT USED TO BE. OUR FIAT MONEY IS A PROMISE TOPAY, i.e. A RAINCHECK TOKEN ISSUED BY PRIVATE BANKSTERS FOR ANYTHING IN AMERICA WHOSEREDEEMABLE VALUE CHANGES WITH TIME. IT IS A FRAUDY LEGISLATED WAY TO COMPARITEVELY MEASUREAND TRACK PRODUCTION BASED ON A PROMISE TO PAY!!!!! Fiat money is workable as along as thegovernment of the people, for the people and by the people issues fiat money for the benefit of the peopleThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 186