6139008-History-of-Money

Fiat (arbitrary [paper]) money is money that is created out of nothing by banks or central banks and without any workat the cost of a penny per note. Because of material misrepresentations and nondisclosure regarding the fiat “dollar,” it isprima facie fraudulent. Fiat money keeps losing its purchasing power. This type of money is actually stock whose valuekeeps decreasing due to dilution and corrupt issues. The dollar now is only a share counter with no fixed commodityvalue.We don’t realize until years later, when we attempt to exchange fiat money “savings” for real wealth (shelter,automobiles, food, clothing, etc.), that it takes many more “dollars” to pay for these things than the savers could possiblyhave anticipated at the start. They find that their money has “melted.” A mysterious villain called “inflation” is cited as thecause of the loss of purchasing power. In fact, while people are saving potential claims on wealth, those who receive theinterest and transaction fees for creating fiat “dollars” are spending them and consuming the real wealth those claimsrepresent. It takes work to create wealth. “Dollars” are created without any work — how much more work is involved inprinting a $100 bill as compared to a $1 bill? Not only are ordinary people in the United States being deceived, butforeigners who accept and save those “dollars” in exchange for their goods and services are also being cheated. And theseare privately issued and controlled by the banksters! (and inflation is taxed!) If there were full disclosure about fiat“dollars”, what elements would need to be included? At a minimum, the disclosure statement on each bill would have tostate:• “Dollars” are not redeemable into anything;• “Dollars” have value because people believe that other people, both at home and abroad, will continue to acceptthem for their goods and services;• In the US, people are forced by law to accept “dollars” for all debts public and private;• “Dollars” are created out of nothing by the US banking system-mostly by commercial banks;• If, in the judgment of the Federal Reserve, there needs to be additional “liquidity” in the system, then the FederalReserve may create additional “dollars” in unlimited quantities. Generation of additional “dollars” will dilute thepurchasing power of “dollars” that have been saved or promised for future payment, such as pensions;• Creation of new “dollars” out of thin air has depreciated “dollar” purchasing power by more than 90 percent since1950;• “Dollars” are in no way obligations of the US government (the signatures of the Secretary of the Treasury and theTreasurer are gratuitous);• “Dollars” are tokens, i.e., a paper tickets;Janet Bush: “since the end of the Second World War, it has had the unique privilege of "owning" the World's reservecurrency - the notes and coins used for trade and investment more than any other currency for 60 years. This confersunimaginable advantages. America is able to ignore the discipline of having to balance its books because, if it runs out ofmoney and can't find anyone to bail it out, it can simply print dollars, inflating away the value of its debt and destroyingthe value of the assets held by its creditors. In other words, it can threaten financial blackmail.”Without the misrepresentation just described and with full disclosure about the nature of the US dollar, it may very wellbe that some US citizens might continue to use and save fiat “dollars,”. But surely foreigners, who cannot be compelled byUS legal tender laws to accept our fiat “dollar,” would not save it, nor securities denominated in it, as they have beendoing - to the tune of approximately $2 trillion. This non-disclosure of material facts contributes to the fiat money fraud.Why we are in danger from the fraudulent fiat monetary system: The problem with fiat money, the kind we have now, isthat the temptation for its creators — bankers, central bankers and/or politicians — to manipulate it for their own benefit,fraudulently transferring the wealth of society to themselves by employing coercion, misrepresentation and nondisclosurehasbeen so overwhelming that they have never been able to resist that temptation. Fiat money is not wealth; it is merelya potential claim on wealth. As people realize that the real wealth on which the fiat money has a potential claim does notexist, the fiat money is said to “melt.” When fiat money melts, interest rates increase, the purchasing power of savings,pensions, and all forms of future payments denominated in the fiat money are greatly reduced, and people lose their jobs— all through no fault of their own. The suffering of ordinary people becomes palpable. In the US, the massive creation ofnearly $6 trillion in new “dollars” has already depreciated the purchasing power of the fiat “dollar” by more than ninetypercent since 1950. Gold-as-money — honest monetary weights and measures — has competition: fiat money. Thecreators of fiat money, banks and central banks, despite their vastly inferior product, have succeeded because of coercion,misrepresentation and nondisclosure. It is significant that, historically, gold did not become money because somepotentate or government designated it so. Gold (and silver) have been the choice of the people in open markets fromantiquity.The word "dollar" was used by Shakespeare and derives from "thaler" the name of a European German coin (centralEuropean thalers, Scandinavian dalers, the Spanish peso, the American dollar, and dollars used in Britain and the BritishEmpire, and in China). Bank could be an old German word for bench, referring to the bench on which one sat whilediscussing loan arrangements and interest charges. Some say the word ‘bank’ originated from Chartres in 11 th centuryFrance where money-changers stood at benches which their place of business; ‘Bench’ in French is 'banc', and so themoney people became known as 'banquiers', or as we call them now, 'Bankers'. Yet, some others say that Italians wereinvolved in the transfer of papal taxes from Scotland and the origin of the word bank is the ‘banco’ or bench used by theItalian merchants and money lenders. The money changers of Lombardia used to sit behind their wooden desks and,therefore, the place became known as Banco. And some others say that it was originated by released Crusaders who whilebeing POWs under Muslim custody saw the Arabs conducting loan, exchange and issue of money on wooden tables orbanko in Italian. All great republics throughout history cherished sound money. This meant that the monetary unit was aThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 190