6139008-History-of-Money

e found to accept the gold in exchange for something else, then yes, wealth is stored. However, if the amount of gold islarge, then there will be storage and carrying costs associated with it and note that its value changes with the times andthe circumstances at the time the stored wealth needs to be exchanged. If the wealth was in the form of produce such assay bananas, well then it would be quite costly to store. If the wealth is in the form of a building, there are maintenanceand tax costs, etc. If the wealth is in the form of oil stored in the ground, then there is no storage cost, however, there isa cost of anywhere from $6 per barrel to $30 or more per barrel to get it out of the ground.Another type of stored wealth is you, i.e., your ability to perform labor. As we will see later, if the wealth is in the form ofalleged “national fiat currency”, then it value changes due to many factors. For example, although its storage cost is zero,the Federal Reserve Dollar Note today is worth 2% of what it was worth back in 1913.Today’s money's value is not created by the private banking corporations that now control it. Money has the value of theskilled peoples, resources, and infrastructure, working together in a supportive social and legal framework within thegeographical area of where the money is accepted to facilitate trade. Money is the indispensable lubricant that lets them"run." It is not tangible wealth in itself, but a power to obtain wealth or a claim to wealth. Money is an abstract socialpower based in law; and whatever government accepts in payment of taxes will be money.How is wealth destroyed? Mostly through wars and crises orchestrated by the Elite Banking Dynasties and their associatesin the military-industrial-political complex. What if paper money is burnt or sunk at the bottom of an ocean? Well, noactual wealth was destroyed however the liquidity has disappeared from the economy and thus potential transfer orproduction of goods and services has been affected.How is wealth transferred? Through taxes, inflation, bail-out transactions, theft and fraud.What was/is Money? The Forms of Money & the Dahler (Dollar)Broadley speaking, money is any good or service we trade. In a narrower sense, money is a commodity such as gold orsilver that can easily and readily be traded in exchange for other goods and services and can serve as a liquid store ofone’s wealth. In the past, paper money issued by a money changer represented a commodity that existed, e.g. gold,silver, etc. The “DOLLAR” (from daalder, dahler, thaler, an abbreviation of Joachimsthaler) was a piece of money firstcoined, about the year 1518, in the valley of St. Joachim, in Bohemia, Germany. In the US, its definition used to be:(a) A silver coin of the United States containing 371.25 grains of silver and 41.25 grains of alloy having a total weight of412.5 grains.(b) A gold coin of the United States containing 23.22 grains of gold and 2.58 grains of alloy having a total weight of 25.8grains, nine-tenths fine (one ounce is 480 grains, so this is about $20 per ounce).Gold’s value in terms of the basic goods it can buy has been steady for over 2000 years. However, the valueof the dollar has always been dropping steadily; it’s elastic and no longer fixed to a real commodity. Let’sexplore further. The dollar is no longer worth 1/20 th of an ounce of gold and is no longer coined in gold. Today’s paper oraccount dollars no longer represent a fixed commodity as per the above definition (even today’s coins are not worthanywhere near their face value although lately due to the rising prices for metals, the material in these coins is worthmore if its melted and sold), but they are still referred to as “money”, or more precisely, they are fiat money, i.e. tokenmoney created from nothing (a bit like “THE CREATOR”; someone’s promise to pay is treated as an asset against whichcurrency is created by the Banks) which actually represents a debt (a debt record), a bit like you creating paper tokens orrainchecks or coupons or promissory notes with no ties to an existing commodity that you own but rather using theproductivity of others as collateral! i.e. fiat money has no bank-owned commodity backing it except that most peopleaccept it in exchange for goods through the force of bad/fraudulent/dishonest legislation or military might. Note that theUS$ Federal Reserve Note (FRN) no longer says that it is redeemable or that the Federal Reserve Bank will pay the beareron demand the sum of the face value of the note in real commodity Dollars. The US$ states only that the FRN is legaltender for all debt payments (history later on how Roosevelt forced all Americans to turn in their gold for a big loss).Whereas a dollar represented 1/20 th of an ounce of gold at the turn of the 20 th century, it is no longer measurable againsta fixed asset and actually is a promissory note and represents a claim collectable against the citizens and properties of theUnited States. The dollar represents an elastic (not absolute or fixed) measure that changes with time, especially throughthe built-in inflation that is inherent in such debt or credit/fiat money economies. Furthermore, issuance of the dollar isactually a “private credit monopoly” based on a promise-to-pay represented by “paper notes” or ledger/computer entries.Today’s money represents a debt owed by a country’s citizens as a whole and the value of this debt changes due toinflation and fluctuating interest & exchange rates. Dollars are issued with no liability to the owners of the Federal Reserveprivate banks who are the issuers of this credit money which is created as a debt using the masses as collateral, a.k.a.fiat money created from nothing using the citizens as collateral, therefore, the banking system owners own you!You are no longer born free owning your share of the planet’s natural resources!!Today, money is no longer commodity-based and represents a collective debt, i.e. money no longerrepresents an asset and due to inflation, it is not a good store of one’s savings. Today’s dollar comes intoexistence out of nothing when someone wants to borrow it from a bank and the BankLords get an enormouscut of our productivity for merely issuing this piece of paper against the collective credit of the people ascollateral. This dollar which was created by the stroke of a pen is a promissory note that must be accepted byall within the United States jurisdiction in exchange for goods or services that they provide. Meanwhile, theThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 46