6139008-History-of-Money

BankLords collect interest on this note that passes from person to person in exchange for goods and services,i.e. a perpetual cash cow for having done next to nothing and for not doing anything after issuing it. Thus, thebanking masters create claims against the entire country and will eventually take ownership of it all, asexplained in several quotes from past US presidents and founding fathers.Let’s explain further with a review some of the forms or types of money:1) Actual Goods and Services: if we trade 1 ton of wheat for 1 barrel of oil, the wheat or the oil are considered the“money”. Barter is kind of awkward and inconvenient to trade since not everyone wants these particular goods andservices at the same time, although it does have its place in both huge and small transactions.2) Gold & Silver Coins: if we trade a ton of wheat for a real gold coin, then the money is the gold coin. Trading withgold or silver coins greatly facilitates trading for the persons who have the gold or silver coins because they don’t rot withtime, maintain their value and are globally accepted. Hence, to expand their trading powers, colonial armies would stealthe gold and silver of their victims. Later, you will see how the IMF/World Bank is attempting to monopolizegold. He who holds the gold (or gets to use gold or oil as a security) makes the rules!3) Gold & Silver Certificates: a paper certificate can also be issued in lieu of real gold or silver coins as long as theactual gold or silver is in the issuer’s possession in a safe vault. Certificates are easier to trade but if someone steals thegold & silver from the issuer’s vault, they become worthless.4) Tokens or Rainchecks or Promissory Notes: these coins actually contain nothing valuable if compared to their facevalue. If we issue a token or a raincheck (paper, metal, plastic) to allow the bearer to receive some goods and servicesfrom our company, the token is the money. The token represents a debt or an “I owe U”. This token is limited in itstrading range since it is only accepted by a few people in a particular relatively small geographical area.5) National Currency Coins (Fiat Coins Currency): these coins are created by the Government and actually containnothing valuable if compared to their face value; the metals contained in a one dollar coin are hardly worth a penny.However, with inflation and rising commodity prices, some of these coins which did contain some metals are worth morethan their face value are being melted and sold for paper currencies. The acceptability of these coins is due to legislationwhich forces a seller to accept them in exchange for goods and services to settle a debt. Thus, “fiat coins” are tokens thatare acceptable in a country by the power of legislation although they don’t have an actual intrinsic value. The coinsrepresents a debt against the country’s citizens as a whole or an “I owe U” but are issued debt-free by the state. Theyrepresent a tiny insignificant amount of the money in circulation.There were always two distinct and incompatible ways of appraising the precious metals, i.e. one ways as plaincommodities, and the other ways as money or proto-money where the value was what the monarch stamped on a sampleof the metal. Treating money as a simple commodity thus requires a high degree of obfuscation. The introduction ofsmaller silver coins into ancient Greece introduced money to the small farmers. Previously if they borrowed commoditiessuch as grain before harvest was in, they repaid it in kind. But with the introduction of small silver coins they mightborrow the grain when its market value was high and then by the time repayment was due, find the value of the currencyin terms of grain had risen ruinously. Or they may have received the loan in money at the Athens rate but were requiredto pay interest at the Corinthian or Aeginaian rate which could be 50% higher. Where you have several different coiningauthorities – there were three in ancient Greece – the repertory of possible tricks multiplies. That is why in Sparta,Lycurgus outlawed the use of gold and silver as money and introduced iron "cakes," whose usefulness as a commoditywas deliberately destroyed by being dipped in vinegar while still hot. Thereby it became unambiguously a nomisma,worthless except as a medium for trading.6) National Currency Paper (Fiat Paper Currency): these paper notes are created from nothing by theBankLords (the process is called “monetizing an individual promise to pay into a national promise to pay”) and actuallycontain nothing valuable if compared to their face value; the paper contained in a one dollar bill is hardly worth a penny.“Fiat paper notes” are an “I owe U” promissory notes, like tokens or claim tickets or shares or stock certificates, andthrough the power of law they must be accepted anywhere in the U.S.A. in exchange for goods or services. In the case offoreign governments, the power of military might and threats from the US government who is acting on behalf of theBankLords forces foreign governments into accepting the Federal Reserve Paper Notes and holding it as a reservecurrency (why else does the US have around 1,000 bases around the World? Its merely doing the bidding of the City ofLondon/Rome square mile BankLords who have a new military power at their disposal after British imperial power wasfound to be insufficient to control the entire World for them).When required, the privately owned Fed gets the Treasury’s Bureau of Engraving & Printing (BEP) to print Federal ReserveNotes for the cost of printing.7) National Currency Account (Fiat Currency Account): these bank accounts actually contain nothing valuable ifcompared to their face value; the cyber computer database bits/bytes storing the value of your bank account are hardlyworth a penny. “Fiat currency” is like cyber or computer tokens or claim tickets or shares or stock certificates. It’s thesame situation as in 6) above.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 47