This article is a brief, but totally accurate, depiction of what money is. People prefer to believe in the lie, that lie being the biggest Ponzi scheme ever, Federal Reserve Notes, debt instruments accepted as real money. Fiction takes precedence over reality. There is only one form of money…and that form is in gold and silver.
The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article by Michael Noonan (edgetraderplus.com)
The Coinage Act of 1792 established silver as the monetary money of account in the United States, and while the government and federal courts still refuse to acknowledge it, that law has never been overturned and still applies – at least it is supposed to apply.
A U.S. dollar is not a piece of paper, such as what circulates today as fiat Federal Reserve Notes. They are not Federal; there are no reserves; and they do not even meet the definition of what a Note is. Yet, almost everyone around the world accepts the worthless fiat, spending their lives working for it, willing to steal, go to jail, even die for the fiat, all without the slightest idea of the difference between a lawful dollar of silver and a “dollar” issued by the foreign banking cartel, the Federal Reserve.
A U.S. dollar is the standard for all silver coins and shall consist of 371 grains and 4/16ths part of a grain of pure silver, or 416 grams of standard silver.
A Federal Reserve Note…is a debt instrument. All so-called legal tender in this country is debt. Debt is the opposite of money…The Federal Reserve Act of December 1913, in which the bankers finally took control of the money supply of the U.S., turned the definition of money upside down to the extent few in this country, indeed the world, have a clue what lawful money is.
The greatest growth and prosperity in the U.S. occurred in the 1800’s when gold and silver were the only form of money. The biggest change began starting in December 1913, and just over a century later, the entire world is awash in debt-considered-to-be-money-but-is-not!
For anyone to say there is not enough gold and silver in the world today to support a specie-backed currency is merely espousing banker gibberish. It’s all a matter of price. Plus, by using gold and silver backing, the money changers and the governments they control would be too constrained in the fiat paper money they issue without any backing whatsoever.
Even with this brief, but totally accurate depiction of what money is, people prefer to believe in the lie, that lie being the biggest Ponzi scheme ever, Federal Reserve Notes, debt instruments accepted as real money. Fiction takes precedence over reality…
The chart below is a more current depiction of the value of gold and silver as true money over anything else.
- Note the price stability between the arrows at the bottom of the chart, between 1865 and 1973, with the question, “WHY?”
- The answer is deceptively simple: during that period of time, oil was priced in gold! In 1973, the banking cartel, through yet another puppet-president, Nixon, closed the gold window. The financial world has never been the same since.
That period of time also marked the establishment of the petrodollar as the world’s reserve currency wherein all business transactions had to be settled in fiat Federal Reserve Notes, more widely known and accepted as the “dollar,” to this day. Foreign countries now had to buy Treasury bills/bonds as their foreign reserves. Look at how the (unsustainable) growth has risen [in the chart below].
Both charts from an excellent article by Grant Williams, The Death Of The Petrodollar.
The global banking cartel has been so cunningly deceptive and so well-organized to pull off this incredible scam on the world to the extent that most remain in the dark about their being financially stripped by the moneychangers, all in exchange for worthless paper…
Who knew the corrupt bankers could keep their Ponzi schemes alive and functioning for so long, way past the expiration dates of sanity and reason…[In spite of that] we have never wavered in our conviction that one day,
- the ownership of physical gold and silver will be a God-send to individual holders… [and that]
- [when this] kaleidoscope of insanity by world leaders…[ends] those who have been buying and holding gold and silver…will likely see, [and enjoy,] price levels never seen before.
Remain steady in resolve and keep your physical PMs close and, as importantly, private as you can.
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