#currency

A CNN anchor, the chairman of Credit Suisse, and France's top central banker discuss the arrival of central bank digital currencies within five years at the World Economic Forum in Davos.

7 hours ago

This video is a follow on from the other video I’ve done on the Central Bank currency creation operation, If you haven’t seen that video, I would recommend you doing so before watching this one.

Let’s pick up where we left off.

Central Banking is a complete con
The title of Episode 4 of Mike Maloney’s series “the Hidden Secrets of Money” is “The Biggest Scam in the History of Mankind”.

And he’s absolutely right in saying this.

In my opinion, Central Banking is a complete con.

I have gone into detail about this in other videos, so I won’t go into great detail here.

No need for Central Banks
What I will say is that, to my way of thinking, there is no need for Central Banks to exist – Why?

Well, let’s look at the fund raising operation again, but this time only considering the essential elements, rather than describing the operation that currently takes place, as we did in the previous video.
.
Basically, in order to raise funds what the Government does, is to take from the future to pay for the present.

By selling Bonds, the Government raises funds to pay for present commitments.

And it has to pay back this debt in the future in accord with maturity date of the Bond and it also has to pay the interest payments whenever they are due.

The maturity dates and interest payments are all calculated in the original price of the Bond, but that is, for now, by the by.

How is this debt paid back? Well, this debt is paid back by future taxation. It’s the populace that pays for Government debt in the form of taxation.

Reducing all this still further, we can say that the Government is borrowing from the future and also, more importantly, it’s borrowing from the tax paying public.

So, what then are we left with? … Well, it’s the populace that is actually funding the Government and this is done by means of taxation. These then are the essential elements of the operation.

And what does this mean? It means that the people are the ones “bank rolling” the Government.

This is the crux of the matter - the most important point to consider.

And so, if the Government is borrowing funds from the populace, why have a Central Bank?

Why have a third party be involved in this operation, when there is no need for it?

For those of you in the audience who are more visually orientated, I have an analogy. It’s like creating a diversion on a major highway when there is no need for one. The cars are obliged to take this diversion even though the highway is perfectly serviceable – there are no roadworks taking place and there is no other problem, like an accident, or some such. There is then no need for the traffic to be diverted. The diversion serves no purpose … for the people.

Given this, we can ask the question … What purpose does the Central Bank serve?

Especially if we consider that the raising of funds can be carried out by Governments without the need for a Central Bank.

A Central Bank serves no purpose. It’s entirely unnecessary in this operation. I

1 day, 23 hours ago

This video is a follow on from the other video I’ve done on the Central Bank currency creation operation, If you haven’t seen that video, I would recommend you doing so before watching this one.

Let’s pick up where we left off.

Central Banking is a complete con
The title of Episode 4 of Mike Maloney’s series “the Hidden Secrets of Money” is “The Biggest Scam in the History of Mankind”.

And he’s absolutely right in saying this.

In my opinion, Central Banking is a complete con.

I have gone into detail about this in other videos, so I won’t go into great detail here.

No need for Central Banks
What I will say is that, to my way of thinking, there is no need for Central Banks to exist – Why?

Well, let’s look at the fund raising operation again, but this time only considering the essential elements, rather than describing the operation that currently takes place, as we did in the previous video.
.
Basically, in order to raise funds what the Government does, is to take from the future to pay for the present.

By selling Bonds, the Government raises funds to pay for present commitments.

And it has to pay back this debt in the future in accord with maturity date of the Bond and it also has to pay the interest payments whenever they are due.

The maturity dates and interest payments are all calculated in the original price of the Bond, but that is, for now, by the by.

How is this debt paid back? Well, this debt is paid back by future taxation. It’s the populace that pays for Government debt in the form of taxation.

Reducing all this still further, we can say that the Government is borrowing from the future and also, more importantly, it’s borrowing from the tax paying public.

So, what then are we left with? … Well, it’s the populace that is actually funding the Government and this is done by means of taxation. These then are the essential elements of the operation.

And what does this mean? It means that the people are the ones “bank rolling” the Government.

This is the crux of the matter - the most important point to consider.

And so, if the Government is borrowing funds from the populace, why have a Central Bank?

Why have a third party be involved in this operation, when there is no need for it?

For those of you in the audience who are more visually orientated, I have an analogy. It’s like creating a diversion on a major highway when there is no need for one. The cars are obliged to take this diversion even though the highway is perfectly serviceable – there are no roadworks taking place and there is no other problem, like an accident, or some such. There is then no need for the traffic to be diverted. The diversion serves no purpose … for the people.

Given this, we can ask the question … What purpose does the Central Bank serve?

Especially if we consider that the raising of funds can be carried out by Governments without the need for a Central Bank.

A Central Bank serves no purpose. It’s entirely unnecessary in this operation. I

1 day, 23 hours ago

The subject matter of this video and the next two videos is about how currency is created.

My guess is that most people think it’s Governments that create currency, but that’s not the case. Governments play their part, but they are not the ones that actually create the currency.

It’s Central Banks, as well as the Big banks and also the ordinary High Street banks that actually create currency in an economy.

How then does currency get created?

There are two main means by which currency gets created - two separate systems.

I will talk about the two systems one after the other.

Central Banks
Let’s look at the Central Bank currency creation scam, I mean system, first.

Mike Maloney on YouTube does a very good job of explaining the process of how currency comes into existence and other things besides. I would highly recommend you watching his whole series “the Hidden Secrets of Money”. A lot of what I’m going to say here is taken from Episode 4 of that series.

Let’s start from the very beginning.

A political party proposes an agenda in accord with their political persuasions in their manifesto.

Once elected and in office, they put forward a spending plan - outlining where the currency should be spent for the forthcoming fiscal year. In the UK, this spending plan is called “the Budget” and it’s announced to Parliament and the public by the Chancellor of the Exchequer. In the US, it’s called the Federal Budget.

In both cases, assuming that the Budget proposals are agreed upon, Government funds are allocated to services and programmes such as Defence, Social welfare and Health etc.

The Government is essentially given the green light to start spending currency as per their proposals.

But where does this currency come from? The short answer is taxes. Taxes can be considered as the revenue stream of the Government.

If revenues exceed expenditures, then the Government will have a Budget Surplus. If however, expenditures exceed revenues, then the Government will have a Budget Deficit.

So, if the Government is able to collect more in taxes than it spends in a fiscal year, then this is all well and good. If the Government is spending more in a fiscal year than it collects in taxes then this is not quite so good.

This is, so far, all very straightforward.

3 days, 23 hours ago

The subject matter of this video and the next two videos is about how currency is created.

My guess is that most people think it’s Governments that create currency, but that’s not the case. Governments play their part, but they are not the ones that actually create the currency.

It’s Central Banks, as well as the Big banks and also the ordinary High Street banks that actually create currency in an economy.

How then does currency get created?

There are two main means by which currency gets created - two separate systems.

I will talk about the two systems one after the other.

Central Banks
Let’s look at the Central Bank currency creation scam, I mean system, first.

Mike Maloney on YouTube does a very good job of explaining the process of how currency comes into existence and other things besides. I would highly recommend you watching his whole series “the Hidden Secrets of Money”. A lot of what I’m going to say here is taken from Episode 4 of that series.

Let’s start from the very beginning.

A political party proposes an agenda in accord with their political persuasions in their manifesto.

Once elected and in office, they put forward a spending plan - outlining where the currency should be spent for the forthcoming fiscal year. In the UK, this spending plan is called “the Budget” and it’s announced to Parliament and the public by the Chancellor of the Exchequer. In the US, it’s called the Federal Budget.

In both cases, assuming that the Budget proposals are agreed upon, Government funds are allocated to services and programmes such as Defence, Social welfare and Health etc.

The Government is essentially given the green light to start spending currency as per their proposals.

But where does this currency come from? The short answer is taxes. Taxes can be considered as the revenue stream of the Government.

If revenues exceed expenditures, then the Government will have a Budget Surplus. If however, expenditures exceed revenues, then the Government will have a Budget Deficit.

So, if the Government is able to collect more in taxes than it spends in a fiscal year, then this is all well and good. If the Government is spending more in a fiscal year than it collects in taxes then this is not quite so good.

This is, so far, all very straightforward.

3 days, 23 hours ago

Who will we get on Sunday? Where We Go 1 We Go All.
Quantum computing reality. Digital Currencies.
Great Wealth Redistribution. Digital Assets.
Global Currency Reset - Currency Re-Valuation.

4 days, 17 hours ago

Deliberate hyperinflation.
An economy based on spiralling debt.
Not just any central banker, but the President of the Federal Reserve just admitted to Jon Stewart that the Fiat monetary system in use is a scam.
I doubt any central banker would have uttered such words 4 years ago before they ever contemplated the idea of a Central Bank Digital Currency which is actually a bigger scam they're hoping to bring out.

Does it surprise anyone that Christ only showed anger against the banksters for good reason?

Credit - The Best Business Show, SoFi

5 days, 7 hours ago

How to do currency conversion on Payoneer between USD-EUR-GBP. I also explain about currency conversion rates and the fees associated with conversion.

Check out the article I show in the video here - https://onmoneyline.com/how-to-convert-currency-on-payoneer-usd-eur-gbp/

1 week ago

Mi Primer Bitcoin is teaching people of all ages to use crypto currency.
www.miprimerbitcoin.io

1 week, 5 days ago

G7 Group-UK Central Bank: Programable Digital Currency. WATCH and SHARE!!!
From the UK Central Bank, they are creating a Programable Digital Currency, that replace the paper money, to compete with Bitcoin and other Crypto Currencies, AND controlled by the UK Central Bank!!!

1 week, 6 days ago

Aside from being 🙆🏼‍♀️unfathomable because of power system failures/ POWER OUTAGES🔌& digital identity THEFT aka 💻📲HACKING, bills and coins are ⚖LEGAL 💵CURRENCY, a cashless society is DISCRIMINATORY against MIGRANTS, POOR & 🏚HOMELESS who don't have a 💳credit card or 🏦Bank Account.
➡️https://www.wlrn.org/news/2022-04-20/miami-dade-could-soon-ban-cashless-businesses-heres-why
➡️https://www.thebalance.com/pros-and-cons-of-moving-to-a-cashless-society-4160702
➡️https://www.usa.gov/currency
➡️*FAIR USE, EDUCATIONAL PURPOSES, Under the Copyright Act, Under Title 17 of the U.S. Code, the fair use of copyrighted material without permission is allowed when used for the following purposes: Criticism; Comment; News reporting; Teaching, includes making copies for use in the classroom; Scholarship and research; Parody. ➡️* I do NOT monetize NOR ask for money ever. God's love is free.*

2 weeks, 6 days ago

Nobody Is Talking About This.. One World Digital Currency IS ALREADY HERE!

3 weeks ago

Rabi talks about cryptocurrency, QFS, Nesara, and Gesara coming slowly.

3 weeks, 2 days ago

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with five-time, best-selling author James Rickards for 4.30.22.

3 weeks, 2 days ago

Description of Protein Based Diets
Natural Sovereign Law
With Guest: Jacob lead Administrator Monetary Committee

3 weeks, 4 days ago

Is this the Bitcoin Crypto Currency Bull Run?

4 weeks ago

This video is a follow on from the previous video which dealt with cash and digital currencies. If you haven’t seen that video, I would recommend you doing so before watching this one.

In this video, the focus is going to be on Debit cards and Credit cards and the Money Supply.

Debit cards
Debit cards can be regarded simply as a means of paying for products – they are a payment system. You buy a product online, or in a store, and the funds are debited directly from your accounts - hence the name. It’s all fairly straightforward stuff.

Debit cards are convenient and relatively safe. They are easier and safer than carrying around cash – especially with regard to big transactions. And the new contactless system now in operation makes paying for products even easier.

Credit cards
Let’s turn our attentions now to Credit cards.

Credit cards and debit cards might appear the same, but they operate in different ways.

Both Debit cards and Credit cards can be regarded simply as a means of paying for products – they are each payment systems. According to Investopedia a Credit card is … “a tool to use in place of a cheque or cash”. But, Credit cards are not just another form of payment system. There is more to them than this.

Debit cards enable people to pay for goods by debiting the funds directly from their accounts. By contrast, when you use a Credit card, you are basically borrowing currency from the Credit card company – be that a bank, or otherwise.

The Credit card company is essentially extending a line of credit to the customer. Maybe I’m wrong in saying this, but my guess is that this is the reason why they are called Credit Cards.

The amount borrowed, the Credit card balance, can therefore be regarded as a short term loan made by the Credit card company to the holder of the card.

And importantly, with Credit cards, there is interest attached to the balance. Annual Percentage Rates (APRs) vary, but can be fairly steep. Interest rates are the primary driver for company revenue.

So, Credit cards can also be considered as debt instruments. The holder of the card is given a debt facility - an ability to get into debt.

This debt will obviously have to repaid at some point. If you’re wealthy, you can repay the debt without any real problem. The debt will not be of much concern to you. But, if you’re not wealthy, you might struggle to repay the debt. And for many people who can ill-afford it, credit card debt can be a real problem.

The other point to make with regard to Credit cards is to do with personality, or how you chose to use them. If you are a sensible, prudent and cautious person, and if you use them wisely, then credit cards can be very useful. If, on the other hand, you are not a sensible, prudent and cautious person, and if you don’t use them wisely, then credit cards can be problematic. Those people who are not so disciplined, might find themselves in financial difficulty.

It stands to reason then that Credit card company don

4 weeks ago

This video is a follow on from the previous video which dealt with cash and digital currencies. If you haven’t seen that video, I would recommend you doing so before watching this one.

In this video, the focus is going to be on Debit cards and Credit cards and the Money Supply.

Debit cards
Debit cards can be regarded simply as a means of paying for products – they are a payment system. You buy a product online, or in a store, and the funds are debited directly from your accounts - hence the name. It’s all fairly straightforward stuff.

Debit cards are convenient and relatively safe. They are easier and safer than carrying around cash – especially with regard to big transactions. And the new contactless system now in operation makes paying for products even easier.

Credit cards
Let’s turn our attentions now to Credit cards.

Credit cards and debit cards might appear the same, but they operate in different ways.

Both Debit cards and Credit cards can be regarded simply as a means of paying for products – they are each payment systems. According to Investopedia a Credit card is … “a tool to use in place of a cheque or cash”. But, Credit cards are not just another form of payment system. There is more to them than this.

Debit cards enable people to pay for goods by debiting the funds directly from their accounts. By contrast, when you use a Credit card, you are basically borrowing currency from the Credit card company – be that a bank, or otherwise.

The Credit card company is essentially extending a line of credit to the customer. Maybe I’m wrong in saying this, but my guess is that this is the reason why they are called Credit Cards.

The amount borrowed, the Credit card balance, can therefore be regarded as a short term loan made by the Credit card company to the holder of the card.

And importantly, with Credit cards, there is interest attached to the balance. Annual Percentage Rates (APRs) vary, but can be fairly steep. Interest rates are the primary driver for company revenue.

So, Credit cards can also be considered as debt instruments. The holder of the card is given a debt facility - an ability to get into debt.

This debt will obviously have to repaid at some point. If you’re wealthy, you can repay the debt without any real problem. The debt will not be of much concern to you. But, if you’re not wealthy, you might struggle to repay the debt. And for many people who can ill-afford it, credit card debt can be a real problem.

The other point to make with regard to Credit cards is to do with personality, or how you chose to use them. If you are a sensible, prudent and cautious person, and if you use them wisely, then credit cards can be very useful. If, on the other hand, you are not a sensible, prudent and cautious person, and if you don’t use them wisely, then credit cards can be problematic. Those people who are not so disciplined, might find themselves in financial difficulty.

It stands to reason then that Credit card company don

4 weeks ago

This video and the next is, as the title suggests, about Cash and Digital Currency etc.

I dare say that the greatest part of these videos should be fairly obvious, but I thought I’d do a couple of videos on the topics all the same … just in case. There might be a few bits of information that are new to some people listening. And, I will also, of course, be giving my views on these matters as we proceed.

So, let’s get underway …

Cash and Digital Currency
Cash refers to the physical form of currency, the paper currency and metal coins in circulation – the ones we use every day in stores and such like. So, this includes all the banknotes and all the coins of whatever denomination.

“Paper currency” isn’t a new phenomenon. Banknotes, or Promissory notes - have been around an awfully long time. According to Wikipedia, they were “first developed during the Tang and Song dynasties, in China starting in the 7th Century”. They were introduced to Europe during the 13th Century But, the 17th Century is time period when paper currency began to really become predominant in Europe – more’s the pity. I would take tea, silks and all manner of other products as exports from China over banknotes anytime.

Banknotes are sometimes called “paper money”, but this is incorrect. They should be called “paper currency”. There is a very big difference between money and currency. Most people use the terms “money” and “currency” more or less interchangeably, but technically they are different, and so, shouldn’t really be confused. Perhaps you might think I’m being pedantic, but, in my opinion, it’s important to use terms correctly – especially in this instance. I guarantee that when most people on the planet understand the difference between money and currency, we will live in a far, far better world. I eagerly wait for that time to come.

Precious metals like gold and silver are generally considered as being money, real money. In days gone by, gold and silver were used as a medium of exchange in commerce, or trade. Indeed, they have been used as money for the millennia.

However, it’s not always convenient, or safe to carry around amounts of gold and silver. Banknotes go some way towards solving this issue – at least in terms of their bulk. Needless to say perhaps, but banknotes weigh a lot less than precious metals. So in terms of portability, they have that advantage over gold, or silver.

The upshot is that banknotes have been used medium of exchange in commerce, or trade in place of gold and silver. Be that as it may, there is one very important caveat when considering paper currencies. They must be redeemable. Redeemability means the ability to convert paper currency to specie. What does this mean in layman’s terms?

Put in simple, everyday terms … this means that someone in possession of a banknote should be able to go into a bank and exchange the banknote, getting whatever amount of gold is denoted by the sum on the banknote in return.

4 weeks, 1 day ago

This video and the next is, as the title suggests, about Cash and Digital Currency etc.

I dare say that the greatest part of these videos should be fairly obvious, but I thought I’d do a couple of videos on the topics all the same … just in case. There might be a few bits of information that are new to some people listening. And, I will also, of course, be giving my views on these matters as we proceed.

So, let’s get underway …

Cash and Digital Currency
Cash refers to the physical form of currency, the paper currency and metal coins in circulation – the ones we use every day in stores and such like. So, this includes all the banknotes and all the coins of whatever denomination.

“Paper currency” isn’t a new phenomenon. Banknotes, or Promissory notes - have been around an awfully long time. According to Wikipedia, they were “first developed during the Tang and Song dynasties, in China starting in the 7th Century”. They were introduced to Europe during the 13th Century But, the 17th Century is time period when paper currency began to really become predominant in Europe – more’s the pity. I would take tea, silks and all manner of other products as exports from China over banknotes anytime.

Banknotes are sometimes called “paper money”, but this is incorrect. They should be called “paper currency”. There is a very big difference between money and currency. Most people use the terms “money” and “currency” more or less interchangeably, but technically they are different, and so, shouldn’t really be confused. Perhaps you might think I’m being pedantic, but, in my opinion, it’s important to use terms correctly – especially in this instance. I guarantee that when most people on the planet understand the difference between money and currency, we will live in a far, far better world. I eagerly wait for that time to come.

Precious metals like gold and silver are generally considered as being money, real money. In days gone by, gold and silver were used as a medium of exchange in commerce, or trade. Indeed, they have been used as money for the millennia.

However, it’s not always convenient, or safe to carry around amounts of gold and silver. Banknotes go some way towards solving this issue – at least in terms of their bulk. Needless to say perhaps, but banknotes weigh a lot less than precious metals. So in terms of portability, they have that advantage over gold, or silver.

The upshot is that banknotes have been used medium of exchange in commerce, or trade in place of gold and silver. Be that as it may, there is one very important caveat when considering paper currencies. They must be redeemable. Redeemability means the ability to convert paper currency to specie. What does this mean in layman’s terms?

Put in simple, everyday terms … this means that someone in possession of a banknote should be able to go into a bank and exchange the banknote, getting whatever amount of gold is denoted by the sum on the banknote in return.

4 weeks, 1 day ago

Andrew Jackson was fierce critic of Central Banks and Paper Money. He believed that America's currency should have hard backing, like Silver or Gold, and that a Central Bank would devalue America's currency; creating massive inflation through unrestrained printing of paper fiat money that was not backed by anything solid. He was right!

In 1928, the Federal Reserve Bank (a Private Banking Cartel) decided to remove Grover Cleveland and put Andrew Jackson on the $20 bill. The American public, nor the president, had any say in the matter. Soon afterwards, the Great Stock Market Crash of 1929 took place (Black Tuesday). Instead of returning to a Gold Standard, the Federal Reserve printed massive amounts of paper money which further compounded the problem. It is speculated that this was all by design. The US $20 Federal Reserve Note is the most widely circulated bill, and putting Andrew Jackson on such a widely circulated bill was meant to disrespect him, not honor him.

Harriet Tubman would be a better choice for the $20 bill. Andrew Jackson's image should be reserved solely for Silver and Gold coins. Harriet Tubman risked her life and liberty to free Black Slaves. In the nature of America's historic reputation of "Fighting for Freedom", she would make a better replacement on the $20 and it would not dishonor her to be on paper currency, as was meant by placing Andrew Jackson on it.

If you are interested in learning more about the Private Banking Cartel better know as "The Federal Reserve", please see my Audio-Book upload "The Creature from Jekyll Island (Audiobook) "Understanding the Federal Reserve -> $ = DEBT""
https://www.bitchute.com/video/Fww75mjmW0EY/

www.MAGAlionHAT.com

1 month ago

Here I talk about the fall of consciousness and how money is keeping us entrapped inside the matrix of lies and deceit.

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1 month ago

Talks of a new financial system are in the works according to the World Government Summit. It's obvious the world is headed towards a digital and cashless society. After all, the only way to bring about a new world order is to introduce a new financial system. In this video, I give more information of what this all entails.

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1 month ago

What does it actually mean to you and I, if we have programmable currency?

Who writes the code that dictates what our currency will be used for, and not used for?

It is time to ask the right questions around Central Bank Digital Currencies (CBDCs)?

#wiseones #currency #society #culture #control #responsibility #sovereignty #ownership #askquestions

1 month ago

Hidden Secrets Of Money Episode 01 (of 10) - Money vs Currency

1 month ago

after you watch this, then watch this https://youtu.be/WNZph3VBtLU

Fiat currency (Paper money) is becoming worthless.
Watch carefully. Remember from the start in 2019 we said COVID = Certificate Of Vaccination ID and 19 = AI. This part of the AI. It's all part of the trap. And you can't participate in this little communist "digital currency".

The "central bank" would be the only ones who would control WHAT YOU GET. If you're a good boy or girl, you might get a good enough social score to get a good paying slave labour job where you get 25c a day. If not, you get the minimum which will not be enough to live on.

See all those people in the preview thumbnail of this video? They don't know you but they are deciding your life! Head of G7 is in England. To North Americans, this is called Foreign interference. What (usually) happens when a county invades another? Ya war. Except in this case all the so called governments are in on it so that means it's US against the "government".

THIS is where we're at folks. There's no way out of this either we build parallel societies if we can get enough people, enough businesses to be on our side, we'd need to start our own banks. It would be a huge change for everyone but the alternative is we war against the satanists OR we kneel to their slavery. Those are the only options I see.

1 month ago

Today we take a look at how Ukraine has been working hard on fulfilling all boxes of the World Economic Forum's Great Reset checklist. Brazil is set to implement the digital version of its currency later this year in 2022 and Five Democrats have just proposed a bill - the "Electronic Currency and Secure Hardware Act". Pastor Stan also shares how the FBI invested $21 Million into Social Media Surveillance Tech, and that will be among most social media platforms.

0:00 Digital Currency, Surveillance & Food Shortage
02:24 Chris Reed Headline Dream
03:50 Ukraine is unveiling Digital Currency
08:10 Brazil on track to roll out Digital Currency
09:48 Electronic Currency & Secure Hardware Act
11:57 FBI Sinks $27 Million Into Social Media Surveillance
15:11 Three Factors making Food Shortages even Worse
17:31 Fertilizer Shipment Being Limited

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http://www.empshield.com
Promo Code: Prophecy

Make sure you prepare by getting Emergency Survival Foods at:
http://www.heavensharvest.com
Promo Code: Stan

Berkey Water Filters Call: (785) 266-1112

1 month ago

In this we talk about what is better Fiat Money or Bitcoin?

Follow the Podcast - https://www.instagram.com/regpodcast/?hl=en
Follow me - https://www.instagram.com/rory_jacobs_/?hl=en

Listen on -
🎙️Spotify - https://tinyurl.com/54nk86ha
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🎙️Pocket Casts - https://tinyurl.com/3n5s6xja

#Bitcoin #Fiat

1 month, 1 week ago

Liberals’ 2022 Budget Contains Allotment For Chinese Style Central Bank Digital Currency (CBDC)
Opinion
Written By Neil McKenzie-Sutter
It’s squirreled away in a corner of the 2022 Budget for the Canadian government, chapter 9 section 2 features this selection:

‘Budget 2022 announces the government’s intention to launch a financial sector legislative review focused on the digitalization of money and maintaining financial sector stability and security. The first phase of the review will be directed at digital currencies, including cryptocurrencies and stablecoins.

Budget 2022 also proposes $17.7 million over five years, starting in 2022-23, to the Department of Finance to lead the review.

The review will examine, among other factors: how to adapt the financial sector regulatory framework and toolbox to manage new digitalization risks; how to maintain the security and stability of the financial system in light of these evolving business models and technological capabilities; and the potential need for a central bank digital currency in Canada.’

While revelation isn’t necessarily considering it was announced earlier this year that the Central Bank of Canada would be conducting CBDC research with MIT.

For those of you who don’t know, this announcement isn’t positive for Canadian citizens or the Canadian economy.

The CBDC acronym stands for Central Bank Digital Currency, and it operates exactly how the name sounds: it’s a digital currency completely controlled by the Bank of Canada, and on most levels, the concept is a copy of the Chinese Digital Yuan, which was rolled out last year.

Due to the totally controlled nature of CBDCs, it was first pointed out by commentators in the Bitcoiner community that these currencies are almost like purpose-built to be human rights violation machines, and so we as Canadians should really push back and fight back against the rollout of this ‘currency,’ almost at all costs.

On top of that, the current Trudeau Liberal government absolutely should not be given a tool to control your bank account with the click of a button, considering their recent and repulsive decision to freeze and seize Freedom Convoy protestors’ bank accounts.

For what it’s worth, no matter what the Trudeau Liberals and Bank of Canada say, there is no real market need or desire for a CBDC, really anywhere.

Bitcoin is a fully functioning decentralized currency that is ready for use today, and as with U.S. stablecoins, the world of private enterprise has proven capable of filling a demand for U.S. digital currencies. In the forms of the DAI and UST stablecoins, too, it’s also possible to create functional, decentralized stablecoins.

In case you were unaware, stablecoins are simply a program made to constantly price-match the U.S. dollar, and potentially a decentralized stablecoin could be created to price-match the Canadian dollar in the same manner.

Given this reality, what purpose or need is there ever for a Bank of Canada-control

1 month, 1 week ago

FEEL FREE TO MIRROR THIS VIDEO. FOLLOW THE LINKS BELOW FOR MORE INFO. You can listen or watch full-screen to follow along. THIS IS THE BIOGRAPHY OF THE INDIVIDUAL (DR WINSTON WU) TALKED ABOUT IN THE GUARDIANS OF THE LOOKING GLASS EVENT 2 VIDEO. See Raindrop Dao link below. Wu supposedly worked in a underground base (DUCC/DUMB) in Asia and learned quantum computing. He supposedly acquired a quantum computer and is using it at the moment to do blockchain editing. He intends to use the editing to bring down the NWO with a financially funded onslaught. FWIW/YMMV.
https://raindropdao.org/
https://www.bitchute.com/video/erOFU6Vz4b3c/
https://www.bitchute.com/video/3cYImqd1jNYm/

1 month, 1 week ago

mirrored https://www.youtube.com/watch?v=f-2mTvhc1bA .. Common Law Courts Great Britain & International launches "Cruinn" CLC Currency The Peoples Money https://clc-currency.uk/ ... http://commonlawcourt.com
Speaker info: https://premierespeakers.com/pippa-malmgren/bio [ Dr. Pippa Malmgren ]

1 month, 2 weeks ago

If it would keep cash in circulation, would you be for living leaders on currency?

https://buymeacoffee.com/yourprotrader

1 month, 2 weeks ago

Alexa warns of the Global Currency.
Many want to embrace this, not knowing that it will enslave humanity under the tyranny of a few at the top of the pyramid!

+ take the jab or no money
+ if you do take the jab, it will kill you or sterilize you so that they satanists will have their way and have only 500 million left on earth.
+ want to buy or sell? take the jab(S) they will be continuous until their 500 million goal is reached.
+ to participate in the global currency, you must take the jab
+ want to keep your driver's licence? take the jab
You see they call it "Digital ID" They call it QR code its all the same thing man! Its ALL COVID! CERTIFICATE OF VACCINATION ID and 19 = AI that's their end game from the start. They will use any and all means in order to achieve 100% COVID. For the few that stick it out, they have the COVEY CAMPS being built now.

1 month, 2 weeks ago

This isn’t about buying crypto to stay ahead or some other matrix scheme to keep the matrix going. This is about basic needs and how to turn your labor into real results.

You can cut your budget on all these things and not lose anything:
Food, transportation, medical, repairs and maintenance, rent, water, communication, finance, and recreation.

This is how we do it.

Our website: https://www.thechembow.com

1 month, 2 weeks ago

They are now fully announcing the new system. It's amazing how people still have no idea of what's coming. Completely clueless.

1 month, 2 weeks ago

World Government Summit 2022 (March). Dr. Pippa Malmgren, a leading US economist who served as a special adviser to President George W. Bush, made a statement that confirms everything myself and others have been reporting for quite some time – that a cashless society, controlled by elites, is looming right around the corner.

1 month, 3 weeks ago

Revelation 13:17
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

WAKE UP !!
WE ARE LIVING IN THE BIBLICAL WORLD IN THE PROPHESIED LAST DAYS BEFORE CHRIST'S RETURN AND YOU DO NOT WANT TO BE LEFT BEHIND HERE !!
YOU ARE BEING DECEIVED !!
SEEK JESUS NOW !! HE IS THE ONLY WAY OUT !!
JESUS = THE WORD

GET SAVED NOW !!
1 Corinthians 15:1-4
“ 1 Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
4 And that he was buried, and that he rose again the third day according to the scriptures ”

Romans 10:9-10
“ 9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
10 For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation. “

Romans 10 : 13
“ For whosoever shall call upon the name of the Lord shall be saved. “

2 Timothy 2 :19
“ Nevertheless the foundation of God standeth sure, having this seal, The Lord knoweth them that are his. And, Let every one that nameth the name of Christ depart from iniquity. “

SUBSCRIBE HERE:
“WAKE UP 3” https://www.youtube.com/channel/UCsxkxft5163Bi9eIDBAcO9w/videos
“WAKE UP” https://www.youtube.com/channel/UCbbw9bUPqcpZTlQLJXTUimg/videos
Bitchute: https://www.bitchute.com/channel/1Xc6qCVfi2pp/
Brighteon: https://www.brighteon.com/channels/wiktor

Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

1 month, 3 weeks ago

Alex Jones Show

1 month, 3 weeks ago

More AF-clips @ https://gab.com/Three_Spoons

Clip from cozy.tv/nick , which aired 31st March 2022 on Americafirst.live (now Cozy.tv)

Nick Fuentes:

✔️Livestreams: Cozy.tv/Nick - 8P.M CST, Mon-Fri.

✔️ Telegram: https://t.me/nickjfuentes

✔️ Gab: https://gab.com/realnickjfuentes

✔️Website: Nicholasjfuentes.com ($10/month to access the 900+ videos archive)

#Economy #Currency #Russia #NATO #AmericaFirst #clips

Tags: Economy, Currency, Russia, NATO, America First, Clips

1 month, 3 weeks ago

More AF-clips @ https://gab.com/Three_Spoons

Clip from cozy.tv/nick , which aired 31st March 2022 on Americafirst.live (now Cozy.tv)

Nick Fuentes:

✔️Livestreams: Cozy.tv/Nick - 8P.M CST, Mon-Fri.

✔️ Telegram: https://t.me/nickjfuentes

✔️ Gab: https://gab.com/realnickjfuentes

✔️Website: Nicholasjfuentes.com ($10/month to access the 900+ videos archive)

#Economy #Currency #Russia #NATO #AmericaFirst #clips

Tags: Economy, Currency, Russia, NATO, America First, Clips

1 month, 3 weeks ago

Why do we use $$$$? Doesn't our Constitution say that our money is Pounds, Shillings, and Pence?

Why did we change the money?

USEFUL LINKS:
https://cirnow.com.au/decimal-currency-and-metric-measuring/
https://commonlaw.earth/
https://advance-australia.com.au/

1 month, 3 weeks ago

Here I am talking in 2019 about the truth about money, hoping to reach people to share the opportunities presented at CCSWealth.com

www.freedomcollectivefoundation.org | www.newearthentertainment.org
SheenaAlexandra.com

1 month, 3 weeks ago

“We are on the brink of a dramatic change; we are about to abandon the traditional system of money and replace it with a new one, Digital Blockchain CBDC, which will give us greater clarity over every single transaction.” - Pippa Malmagren

1 month, 3 weeks ago

Recent Summit where speakers are praising digital currency, and at the end the speaker asks "are we ready for the new world order?"

1 month, 3 weeks ago

Things are gonna get bad.

Here's why.

Here's what to do.

www.freedomain.com/donate

1 month, 3 weeks ago

Putin says it's time to ditch 💸paper or 💻digital money for assets or commodities.

➡️*FAIR USE, EDUCATIONAL PURPOSES, Under the Copyright Act, Under Title 17 of the U.S. Code, the fair use of copyrighted material without permission is allowed when used for the following purposes: Criticism; Comment; News reporting; Teaching, includes making copies for use in the classroom; Scholarship and research; Parody. ➡️* I do NOT monetize NOR ask for money ever. God's love is free.*

1 month, 3 weeks ago

Découvrez comment vous pouvez acheter, stocker, dépenser et vendre de l'or dès maintenant, sans attendre qu'un gouvernement rétablisse l'étalon-or. Find out how you can buy, store, spend and sell gold right now, without waiting for any government to implement a gold standard.
Kinesis Money - my referral link: https://kms.kinesis.money/signup?referrer=KM13770555
Mon lien de parrainage: https://kms.kinesis.money/signup?referrer=KM13770555

Rothbard book PDF: https://mises.org/library/what-has-government-done-our-money

1 month, 4 weeks ago

A clip from Brave New Normal 38 w/ Victoria Potter

Contact: [email protected]

Follow and subscribe:

https://bravenewnormal.substack.com

https://victoriapotter.substack.com

Follow us on Twitter: @jasonjamesbnn, @victoria_potter

Follow us on Instagram: @jasonjamesbnn, @victoria_potter_

1 month, 4 weeks ago

source link https://t.me/beinformedlife/2690
'Here it comes as predicted.... Digital currency and social credit system... '

2 months ago

What does "digital currency" really mean? No, it's not crypto. Please don't get it confused.

2 months ago

HatsTruth

➡️ Please tap the Like 👍🏼 button, Comment & Subscribe

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Get your 2 week supply of food and/or supplies! ORDER NOW it’s more important then ever for you to prepare!

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𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥
𝘛𝘩𝘦 𝘷𝘪𝘦𝘸𝘴, 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴, 𝘰𝘳 𝘣𝘦𝘭𝘪𝘦𝘧𝘴 𝘦𝘹𝘱𝘳𝘦𝘴𝘴𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘷𝘪𝘥𝘦𝘰 𝘥𝘰 𝘯𝘰𝘵 𝘯𝘦𝘤𝘦𝘴𝘴𝘢𝘳𝘪𝘭𝘺 𝘳𝘦𝘧𝘭𝘦𝘤𝘵 𝘵𝘩𝘦 𝘷𝘪𝘦𝘸𝘴, 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴, 𝘰𝘳 𝘣𝘦𝘭𝘪𝘦𝘧𝘴 𝘰𝘧 TNichole Elevated Minds channel. 𝘈𝘭𝘵𝘩𝘰𝘶𝘨𝘩 𝘨𝘳𝘦𝘢𝘵 𝘦𝘧𝘧𝘰𝘳𝘵 𝘪𝘴 𝘱𝘶𝘵 𝘪𝘯𝘵𝘰 𝘱𝘳𝘰𝘷𝘪𝘥𝘪𝘯𝘨 𝘷𝘪𝘦𝘸𝘦𝘳𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘷𝘦 𝘢𝘯𝘥 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘱𝘳𝘰𝘷𝘰𝘬𝘪𝘯𝘨 𝘷𝘪𝘥𝘦𝘰𝘴 𝘵𝘩𝘢𝘵 𝘤𝘰𝘯𝘵𝘢𝘪𝘯 𝘢𝘤𝘤𝘶𝘳𝘢𝘵𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘵'𝘴 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘵𝘰 𝘢𝘭𝘸𝘢𝘺𝘴 𝘶𝘴𝘦 𝘥𝘪𝘴𝘤𝘦𝘳𝘯𝘮𝘦𝘯𝘵, and do your own research.

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2 months ago

Now Goldman Admits Saudi-China Oil-Trade Signals 'Erosion' Of Dollar Reserve Status. Farouk Soussa, of Goldman Sachs, notes in a report, these steps are not entirely surprising: over time, currency choice tends to be driven in part by economic ties and partly by geopolitical alliances, and China has become a more important economic partner as its economy develops and imports more oil.

Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified for future video uploads. Join us for the next live on air and make sure to bring a topic.

Visual aid mentioned in this video from Twitter:
https://twitter.com/MichaelAArouet/status/1505891321566875655

Download the "Dollarcation" infographic to share here:
http://bit.ly/Dollarcation

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DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions, tax advice and do not constitute personalized investment advice.

2 months ago

https://www.dali-alliance.org/
💻📲 DIIA - digital gateway portals
➡️https://en.m.wikipedia.org/wiki/Diia

🎬Credit ukaction:
🇬🇧🇨🇳⬇️ https://brandnewtube.com/watch/required-to-get-chipped-in-your-right-hand-or-forehead-to-use-this-new-money_5hq8RJ6YPHPBG7V.html
🇺🇸⬇️ https://www.federalreserve.gov/central-bank-digital-currency.htm

💻WEF’s ‘Great Reset’ by setting up a Social Credit Application combining Universal Basic Income (UBI), a Digital Identity & a Vaccine Passport all within their🖲Diia App!

YOU WILL BUY ONLY WHAT THEY WILL ALLOW YOU TO BUY. WELL, NOT ME.
☝GOD WILL PROVIDE.

➡️*FAIR USE, EDUCATIONAL PURPOSES, Under the Copyright Act, Under Title 17 of the U.S. Code, the fair use of copyrighted material without permission is allowed when used for the following purposes: Criticism; Comment; News reporting; Teaching, includes making copies for use in the classroom; Scholarship and research; Parody. ➡️* I do NOT monetize NOR ask for money ever. God's love is free.*

2 months ago

Global Digital Currency is the last nail in the coffin which will change the whole world to Communism. Only NWO will make old communism look like a walk in the park with the amount of control they will have.

in Canada, call your MPs, tell them to oppose Bill - S-233. Sadly I dunno what difference it will make because its a global plan that they have been planning for many many years. Some say as far back as ancient Egypt but we have to try.

In each country, there will be different bills applying to this. The Young and naive will believe that "Universal Income" will bring them "free money" but all it does it lure everyone into a trap. Have a listen. First, it won't be that much money. Second, they will dictate where and when you can use it. 3rd, I predict that all the large, left owned companies will demand that only this is accepted, like Amazon for instance. You won't be able to buy anything there without the "Digitial Currency" which is all part of the COVID plan (Certificate Of Vaccination ID) which means if you don't keep up with thier regimented drugging, you won't be able to participate in this, which means if you DO take the drugs, they still get thier way by reducing the world population down to 500 million which will be easy for them to control. If you're a young person reading this, watching this, please try to explain this to your friends. Don't fall for it. Soon they will even tie your "global digital currency" to how much blood you can give them for their Adrenachrome.

"Want your life back? Simple, take the jab" ~ Hillary Clinton

admitting the took what was not theirs to take in the first place.

2 months ago

UK's Social Credit System Coming Soon! Be VERY Afraid.

2 months ago

Kinesis Money offers the possibility of using gold and silver NOW to conduct business in digital form. It’s like getting on the gold standard without waiting for any government to make it happen. Please use my referral link ( https://kms.kinesis.money/signup?referrer=KM13770555 ) to check this out and open your own account.

Here’s a link to the Mises Institute where you can get a free PDF copy of Rothbard’s book “What Has Government Done to Our Money”. https://mises.org/library/what-has-government-done-our-money

In the video, I was uncertain about the fees charged by Kinesis. Here's a link to the fees page so you can look them up: https://kinesis.money/about-us/fees/

Also, if you're trying to figure out how to get your money from Canada or the US into your Kinesis account, you can try using the Wise software. Here's my referral link to sign up for Wise: https://wise.com/invite/u/karens1773

UPDATE - APRIL 15, 2022: Wow, I'm now up to 32 people who have followed the referral link. Thanks very much, folks. Kinesis has introduced a new incentive for April that wasn't in existence when I made this video. If you open an account through my link, we will each receive a gift of 1/2 oz of silver (currently worth about US$13). I'm not sure how long this promotion will be available for, so please act now if you've been hesitating.

2 months ago

The Problem>Reaction>Solution that has been planned all along is playing out to usher in UN World Digital Currency.

2 months, 1 week ago

THE BITCOIN AND CRYPTO MARKET had quite a rally because whales are buying everything in sight. wallets tell the tale (tail)...

Let's read the inspiring story of a globe-trotting vagabond https://bit.ly/3qb1Lxi

2 months, 1 week ago

investing during a currency
collapse environment
tokyorealestateman

2 months, 1 week ago

From Joe Rogan's show
Discussion of the end of paper money, to be replaced by digital currency controlled by the Government. It appears the UK is in an advanced stage towards this global plan.

2 months, 1 week ago

April MIGHT be a positive month for crypto-based on history but we need 2 things to come through IMO.

Let's learn The surprising wealth-building secret of a globe-trotting vagabond https://bit.ly/3qb1Lxi

2 months, 1 week ago

End of the Road How Money Became Worthless (2012)

In 2008, the stock market crashed, and the evidence is clear that the global economy has not recovered completely more than a decade later. To recover from the financial shocks, bailouts and stimulus packages were used to speed up the financial rehabilitation. Governments did what they felt was necessary to ensure that life as we know it could continue on the most familiar path possible. However, the question remains of whether the crash was just a symptom of a larger, more pervasive problem.

2 months, 1 week ago

Billy Joe here with another Zimbabwe Currency Video
Saved his mother from those silver fetishest and moved her saving is high denominational bank notes.

2 months, 1 week ago

Joe Rogan and Maajid Nawaz discuss Digital Currency

2 months, 1 week ago

Pay attention folks because they are starting to weaponize Banks ie. Mike Lindell and now they are starting to use it in Credit Cards. If you are acting up they will just turn you off and not let you buy anything at all.

Are you ready for the Social Credit System the one they have in China??? They want it here folks....

Source - Ukaction

2 months, 1 week ago

Bitcoin and the entire crypto market had a heck of a rally the last 7 days but what can we foresee in the upcoming year? Is HODL'ing the answer? We try to answer that in today's vid.

The surprising wealth-building secret of a globe-trotting vagabond https://bit.ly/3w49DV2

2 months, 1 week ago

Bitcoin and the entire crypto market had a heck of a rally the last 7 days but what can we foresee in the upcoming year? Is HODL'ing the answer? We try to answer that in today's vid.

2 months, 1 week ago

Video - Central Bank Digital Currency
Channel - GabeTheStreetPreacher

"And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine." Revelation 6:6

2 months, 1 week ago

Most people, myself included, use the terms “money” and “currency” more or less interchangeably, but technically they are different, and so, shouldn’t really be confused.

The most important difference between money and currency has to do with store of value – money has an intrinsic value. It has a worth in it and of itself.

Precious metals such as gold and silver are considered money because they have the aforementioned store of value. Gold and Silver are referred to as monetary metals. They have been used as the medium of exchange and a store of value for millennia - through the ages and also across different cultures. This persistence over such long periods of time and also the cross-cultural aspect are points which are, to my mind, very telling.

Currencies, on the other hand, have all the characteristics of money, but crucially, they do not have the all-important store of value. This is their fatal flaw.

“The Gold Standard” is the name given to the backing of a currency with Gold.

With a Gold Standard, a currency can become money – or rather, I should say, a currency can assume the status of money. It will never be money because it lacks the store of value.

The expression “as good as gold” has often been used in respect of currencies because currencies which are backed by gold can be used in trade to buy products as if they were gold.

Backing a currency with gold gives the currency a value than it would otherwise not have. After all, currencies don’t have any real, intrinsic value. In and of themselves, they aren’t worth much. They are just digits on a computer screen, or paper - pretty, printed pieces of paper. Or with regard to coins, shining bits of coloured metal.

While we’re talking about such things, I should mention, “paper money”, the physical form of cash. “Paper money” - or “paper currency” as it should be properly called - isn’t a new phenomenon. Bank notes, or Promissory notes - have been around an awfully long time - since the Han Dynasty in China circa 118 BC. But the 17th Century is time period when paper currency began to really began to become predominant in Europe – more’s the pity.

Moving on …

So to recap … Gold and Silver are considered as being money, real money.

Currencies are not money. They might masquerade as money, but the truth is they’re not money and never will be. Currencies are “fake money”, “false money”, “phoney money”, “funny money”, or whatever terms you want to use. They pretend to be money, but they aren’t actually money.

Even with a Gold Standard, a currency is still only a currency. It’s not real money and it will never be real money. And it shouldn’t be considered as real money.

I realise that I’ve laboured the point a little, but the difference between money and currency is incredibly important. It might seem like a trivial thing but, I can assure you, it isn’t. It most certainly is not inconsequential.

Why is this so important (you might be asking yourself)? Well, because unfortuna

2 months, 1 week ago

Most people, myself included, use the terms “money” and “currency” more or less interchangeably, but technically they are different, and so, shouldn’t really be confused.

The most important difference between money and currency has to do with store of value – money has an intrinsic value. It has a worth in it and of itself.

Precious metals such as gold and silver are considered money because they have the aforementioned store of value. Gold and Silver are referred to as monetary metals. They have been used as the medium of exchange and a store of value for millennia - through the ages and also across different cultures. This persistence over such long periods of time and also the cross-cultural aspect are points which are, to my mind, very telling.

Currencies, on the other hand, have all the characteristics of money, but crucially, they do not have the all-important store of value. This is their fatal flaw.

“The Gold Standard” is the name given to the backing of a currency with Gold.

With a Gold Standard, a currency can become money – or rather, I should say, a currency can assume the status of money. It will never be money because it lacks the store of value.

The expression “as good as gold” has often been used in respect of currencies because currencies which are backed by gold can be used in trade to buy products as if they were gold.

Backing a currency with gold gives the currency a value than it would otherwise not have. After all, currencies don’t have any real, intrinsic value. In and of themselves, they aren’t worth much. They are just digits on a computer screen, or paper - pretty, printed pieces of paper. Or with regard to coins, shining bits of coloured metal.

While we’re talking about such things, I should mention, “paper money”, the physical form of cash. “Paper money” - or “paper currency” as it should be properly called - isn’t a new phenomenon. Bank notes, or Promissory notes - have been around an awfully long time - since the Han Dynasty in China circa 118 BC. But the 17th Century is time period when paper currency began to really began to become predominant in Europe – more’s the pity.

Moving on …

So to recap … Gold and Silver are considered as being money, real money.

Currencies are not money. They might masquerade as money, but the truth is they’re not money and never will be. Currencies are “fake money”, “false money”, “phoney money”, “funny money”, or whatever terms you want to use. They pretend to be money, but they aren’t actually money.

Even with a Gold Standard, a currency is still only a currency. It’s not real money and it will never be real money. And it shouldn’t be considered as real money.

I realise that I’ve laboured the point a little, but the difference between money and currency is incredibly important. It might seem like a trivial thing but, I can assure you, it isn’t. It most certainly is not inconsequential.

Why is this so important (you might be asking yourself)? Well, because unfortuna

2 months, 1 week ago

I made a video talking about this article but then my computer crashed and I lost it. Then I tried again but couldn't focus on the article that much. I'm not sure what to call it. It is what it is.

paypal.me/mrehistory

2 months, 2 weeks ago

Coach Redpill aka Gonzalo Lira - 2022.03.08 - Explains that, because of the sanctions against Russia, you will be poorer because the Dollar is losing its role as Reserve currency

2 months, 2 weeks ago