Financial Freedom and Security – Gold

There are two bars of power that governments never consider giving up – as well as these are:

1. The state regulates education. It is obligatory. It educates what the state requires (whether provided by public or independent schools). It is a way of guaranteeing all residents mature with the right way of thinking – i.e. predisposed in the direction of the real suggestion of big government, social welfare, tax, and war. In other words the ‘Big Brother’ way of thinking.

2. The state issues the money. This is called fiat money – cash without integral worth apart from the reality the state proclaims it lawful for all debts and financial responsibilities. The state after that imposes a monopoly on the issue of this fiat money – ensuring it can manipulate it to its advantage.

I might wax lyrical about what I assume should occur to state education, yet today I intend to review federal government fiat money, as well as just how it is a tool of enslavement. And also I want to recognize one possible escape from this slavery. Yet initially, I must specify the term “fiat”.

1. An approximate order or decree

2. Authorisation or permission: federal government fiat

So fiat money is money that is proclaimed to be cash by the approximate order or mandate of the government.

Government fiat money is the completion outcome of the development of money as we know it. As well as it can be summarised briefly as follows:

Historically, various assets have actually operated as money – that is, as a means of exchange. Several of these assets have actually included one-of-a-kind products of special worth to particular cultures and conditions, like salt or tobacco. Nonetheless, traditionally, just two commodities stand out as having passed the examination of time – silver and gold. The reason is fairly straightforward. Both of these metals have innate value and also can not be counterfeited or made at will.

Throughout history, both gold and silver have operated as money. As business came to be more innovative, various ways of taking care of gold entered into being. One such method was to hand down gold receipts as negotiable monetary instruments. The process was easy. You kept your gold with a jeweler that released you with a receipt for the same. Currently, you could pass on that invoice to another – and also hand down the claim to your gold. By doing this gold came to be the support for such invoices – allowing for the very easy carrying and moving of value. Obviously, gold coins were additionally typical – like the cash of today.

This process of privately providing gold receipts ended up being the basis for what is understood today as banking. A financial institution ended up being a repository for gold as well as provided bank notes which were redeemable in gold. And in the “great old days” a banknote was a promise to pay – a debenture of a particular amount of gold (or silver) on demand.

Today we still have bank notes – but they are primarily issued by the state (not by private financial institutions), and also they have no redeemable value aside from in exchange for one more, comparable, banknote. The link between gold as well as bank notes was broken with the abolition of the gold standard. The United States eliminated it in 1933 and Great Britain abolished it in 1931. The paper currency we have today is a ghost of its former self. If you walk into a bank currently and also ask to trade it for something besides an additional note, I make certain you’ll obtain an extremely odd look!

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