Anyone with a grasp of human nature in 1971 would have understood that giving governments monetary printing presses untethered to anything real would produce a world awash in debt.
Everything is already a disaster from the shysters ,,modern money changers,,and their idea of a world for them only ! FRNs aka fiat paper dollars have no foundation NOW ! Get hard real assets in hand and prep always and everyway !
They say money doesn't grow on trees- but the fact is they are running out of enough trees to print all the new trillions, so the Fed is toiling behind the scenes 24/7 to eliminate paper money entirely and replace it with an utterly nebulous concept: digital"money", the CBDC, i.e., "keystrokes in the ether." And if you, the voter, the citizen, allow this to pass, you have only yourselves to blame- or for that matter, allowing $36 trillion in debt to have occurred, because in the days when people actually demanded government balance its books, they had money that read "payable on demand for gold." CBDC- real store of value, that! Start by raising bloody hell with your rep to balance the budget.
Having worked for the US DOD for my entire professional career as an engineer in the engineering field I can unequivocally state that our "defense" establishment is not about defense of our liberties or safety. It's real purpose is enforcement of the fiat currency pure and simple. Washington also warned of foreign alliances which we have not heeded. The founders of this country were fully aware of what would happen once permanent standing armies were established. That's why the US dollar was made the reserve currency in 1944. Smedley Butler found out these truths late in his career, but our flag waving politicians never bring him up.
Butler, who was awarded the Medal of Honor not once, but twice has real street cred, then when he wrote his book "War is a Racket"(available free on line at Gutenbergdotorg)- a must read! Anyone who has read not and not at the very least contacted his congressman has not taken a stand to put a stop to it- the entire world is wasting lives and trillions as it sleepwalks toward nuclear war- where are the peace lobbyists?! If you really have to waste $36 trillion, instead of bombs and missiles to be literally blown to smithereens, why not instead repair rotting infrastructure? The electric grid? Agronomy and forestry?
In August of 1971, I was 19. On the 15th of that month, Nixon took the dollar off the gold standard. On the 21st of that month, the military was pulling my birthdate out of a draft lottery drum for a free trip to Vietnam.
I hate LBJ and especially Nixon. That "temporary" closing of the gold window ruined my financial life. I sincerely hope that LBJ and Nixon are burning in the hottest part of HELL!
Oswald always claimed he was a patsy, but Nixon was really and truly the patsy for the vast debt run up by LBJ, what with his VietNam War plus "Great Society" spending. It became obvious to France's Charles DeGaulle that the U.S. was in no position to honor its Bretton Woods agreement to provide an ounce of gold for every 35 Eurodollars (Americans themselves still, thanks to FDR forbidden to do so!), and when he called our bluff, the axe fell on Nixon who had always been regarded as a "conservative." Some of us remember him coming on TV, and with a sick grin announcing, "We're all Keynesians now." (IOW, "We're all sons-of-bitches now, and I'm their bitch.")
I have to doubt that the title of this post is correct although I am not against it. Getting to honest money from where we are now would be challenging but ending the welfare state programs would be hard for most people to swallow. Germany had a catastrophic inflation in the 1920s but Germany did not revert to gold. They did have more responsible money management for awhile. Milei is getting some good changes in Archentina but it will be interesting to see what lasts and what happens in the next election. I would bet more on going to no money than gold money at least at present.
In August of 1971 I was hitchhiking around Italy with travelers checks in dollars and marks. ( I had a job in Germany and had earned marks but my reserve fund, brought from home, was in Amex dollar denominated traveler checks.) I had spent 3 nights in a Firenze hostel and was checking out on Aug 15th when my payment method became 'non-viable'. If there was such a thing as a credit card for students back then, I didn't have one. The manager said when you checked in the lira/dollar exchange rate was 620 lira to the dollar but we don't know what the dollar is worth now. If you are paying with dollars we can only take them for 300 lira so you will owe twice as much in dollar terms--the same lira cost. This was unhappy news for a kid that was earning 5.6 marks per hour ($1.60-minimum wage).
So, I took an International Economics course when I got back to college for my sophomore year and learned the Federal Reserve made up the amount of money they considered necessary for economic activity. The concept of unlimited debt did not bother me because bondholders would discipline the money creators, the so called 'bond vigilantes'. But it turns out you can pay the vigilantes their vig(for a long time) and everyone's happy as long as they are in line to get paid. So who is not going to get paid? You, me, Citibank, or Japan?
From the look at the first chart the boomers have had a glorious life and an actual retirement. I hope the boomers enjoy that for us GenXer's and Millennials that will never know the feeling. This is truly sad but nothing can be done but laugh about it. :(
LOL! Most of my boomer friends are dead. They died in the lower middle class at the age of about 50. Needless to say, the government kept their social security tax money.
For society as a whole that is true. However, as Rubino astutely routinely notes, individuals can protect themselves. Tangible assets offer refuge, over the medium to longer term, particularly liquid tangibles.
Got to have money to buy tangible assets and for us younger people that's nearly impossible to accumulate when wages have stagnated while the price for essentials (food, housing) have increased drastically.
And yet it can be done. Read "Rich Dad, Poor Dad" by Kiyosaki and "Successful Investing In An Age of Envy" by North (multiply $ amounts by 5 when reading the latter). Both are available on AbeBooks. You have to cut out EVERY NON-ESSENTIAL EXPENSE and literally save every cent until you have enough to open a no-fee brokerage account. Then start adding to it at every opportunity while consistently buying equal amounts of SILJ and GDXJ. You'll learn as you go from there. Needless to say - no debt of any kind whatsoever. The fact that you are reading Rubino shows that you already (at least potentially) have the right attitude. Now you just need to "Make It Happen". Good luck.
The inevitable fiat implosion will certainly be one for the history books and, tragically, profoundly painful for many who worked hard and lived responsibly. Will human society ever learn?
International Public Notice: Declaration of Odious Debt Jubilee
By Anna Von Reitz
What is an "odious debt"?
The legal definition is: "A debt created by some means of fraud, of which the victim is not aware, and from which they do not benefit."
The debt -- national and otherwise -- that the United States Corporation and the UNITED STATES CORPORATION and the UN CORP and the US CORP and so many other iterations of private, for-profit, mostly European Corporations have amassed and attempted to palm off on this country and its people, is all odious debt.
How so?
How many Americans or Europeans -- or anyone else -- impacted by their "registration" as babies, are aware of the loss of their birthright political status and also their position as the first and only true possessors of their own DNA and intended recipients of their Given Name?
That is, the Dead Baby Scam? By which the dying placenta is seized upon and registered and falsely claimed to be the "firstborn" associated with every live birth?
Virtually none.
Nothing about this false preemptive claim is ever whispered to the parents or the babies impacted by this heinous commercial crime that has been fostered by the Roman Catholic Church since the 1100s.
This results in impersonation of the baby almost at the moment of birth, and identity theft, also, as the dead placenta's purported estate --- the original infant decedent estate --- is promoted as the senior interest in the remaining Given Name.
The presumed citizenship obligations and denigration of the living baby's natural status, are both imposed by unwitting Third Parties acting without full disclosure, while the actual victims were still babies in their cradles.
We have interviewed hundreds of Medical Doctors who routinely sign the hospital paperwork supporting this hideous fraud scheme and literally none of them have realized what they were signing or why.
The parents are certainly never told.
This results in the existence of hundreds of millions, possibly billions of unconscionable contracts which are invalid by definition, being used to impose citizenship obligations on people who are unaware of what these obligations are or how they arose or are being imposed.
The men and women responsible for all of this have been kept in ignorance or compromised by threat and/or blackmail.
This scheme has all the earmarks of a profoundly criminal misrepresentation promoting unjust enrichment and coercive control: criminal constructive fraud.
The venerable nature of this fraud in no way excuses or renders it acceptable, nor does it excuse the Roman Catholic Church for promoting this wickedness, first in Europe and later, worldwide.
These bizarre means and unconscionable contracts have been used to enslave generations of mankind and to forcibly extract both material assets and labor from them.
It is no mistake that the "income tax" first appeared in France in the 1100's as a special offering dictated by the Roman Catholic Pontiff, originally extracted from parishioners by the Dominican Order running the Inquisition. This special offering called "Peter's Pence" was an assessment based on individual "income" for the prior year and was collected to allay the expense of the Crusades.
It was collected every April 15th by black-robed Inquisitors.
It is still collected on April 15th, still used to promote (commercial) warfare, and still enforced using Puerto Rico's Law of the Spanish Inquisition.
Suffice it to say that the individual victims of this horrific fraud scheme are both unaware of it and do not benefit from it.
The Church has, from time to time, been called on the carpet for these gross impositions and it has argued that the faithful have been defended by men at arms (now called police or private security personnel) and have benefited from the improved roads, bridges, and other infrastructure made possible by the Church, as well as certain social institutions -- particularly public schools, hospitals, universities, orphanages, asylums for the insane, and public libraries -- which have been founded and supported by the Church for the benefit of the faithful, the poor, diseased, and indigent.
Always, the insidious idea that the ends justify the means intrudes itself, and always we must reject its premise. For anything to be truly good, it must be good throughout, not sustained by any lie or artifice of fraud.
This Dead Baby Scam was the foundation, the immaterial sacrum, of a great many evils as well as good in the world.
It is time to grow beyond a con game that is almost a thousand years old, and the even older nonsense of idolatry, too.
The living people have been defrauded and denigrated. Of that, there can be no doubt.
They have individually paid for and suffered for any "benefit" they ever received, and so, they were not truly "benefited" -- they were forced to support worthy causes and profane causes alike at the point of a sword.
A gift you are forced to pay for is not a gift, nor is it a "benefit" which implies that a benefactor has provided it.
A robber or con artist who returns a tiny scrap of what they have stolen cannot be accounted a "benefactor". They remain a thief, and the portion of returned goods is not a "benefit" to the victims; it is merely a small return of what is truly owed to them.
Any debt accrued by this system is odious by definition. It is debt created by a means of fraud, of which the victim(s) were not aware, and from which they did not benefit.
This circumstance must be relieved by the immediate release of the long-promised Debt Jubilee -- and the conversion of the business interests and their incorporation and claims of bankruptcy protection may not be allowed to delay the cessation of additional false claims in commerce.
We demand the immediate and permanent release of all claims in commerce addressed to individuals and improperly licensed joint ventures mischaracterized as "marriages". If we err on the side of the living people --- the only ones who can actually be injured by carrying on this farce, let the error be regarded as a small compensation toward the suffering that the victims have endured.
This Notice is issued to and includes, but is not limited to, the various United States Trustees operating in separate jurisdictions of the law, as well as paid, appointed, and elected officers of the parent corporations and franchise operations worldwide.
Notice to agents is notice to principals; notice to principals is notice to agents. Notice to Agents is Notice to Principals; Notice to Principals is Notice to Agents. NOTICE TO AGENTS IS NOTICE TO PRINCIPALS; NOTICE TO PRINCIPALS IS NOTICE TO AGENTS.
"giving governments monetary printing presses untethered to anything real..." Not quite.
The Federal Reserve has the monetary printing press, but it is not part of the US Government.
The FED operates independently and in secret. Look it up.
We found out long after the fact that The FED created and handed out 14 TRILLION DOLLARS to foreign banks in 2008/9.
Successful money systems are controlled by public institutions, not by secretive banking cartels.
A Gold Standard is no guarantee of a stable money system.
Money is like a ticket that is accepted for payment of debts and taxes. It doesn't need to be made of something valuable like gold and silver. It needs to be backed by the rule of law. It needs to be managed by an ACCOUNTABLE institution.
With the power to print money in private hands, the money system benefits those private hands first and foremost.
The US Constitution gives Congress the power to coin money and set the value thereof. The reason being that Congress people must stand for election every 2 or 6 years and can be held accountable for their monetary choices. In theory at least.
Our current money system gives control of money (and therefore government) to the banksters.
Humans and human institutions are corruptible and usually do go corrupt without exception. Gold as an inert and rare metal is incorruptible, unemotional and finite. That’s is exactly why it is so well suited. Despite our best efforts over the centuries humans have not been able to create one ounce more despite all the efforts of alchemists.
Look up Reggie Middleton's patents on DeFi. Patented peer to peer transactions, capital markets, real estate, etc. sans middlemen (banks).
We now have a choice, Reggie has tested transacting precious metals with his patented software, VeAdair.
The SEC lied in their prosecution of Reggie. The coerced agreement Reggie had to accept (or become destitute from lawfare) did not include any admission of guilt. The SEC has till June 20th to respond to the accusations of fraud on the court.
Reggie is fighting for us. He unwittingly took on the Banks and the SEC on our behalf. We owe him our love and respect. I implore you to look into Reggie Middleton and his project; Veritaseum. We now have a choice, and it is patented to boot. Please spread the word.
Fascinating read! I’m Harrison, an ex fine dining line cook. My stack "The Secret Ingredient" adapts hit restaurant recipes for easy home cooking.
check us out:
https://thesecretingredient.substack.com
Everything is already a disaster from the shysters ,,modern money changers,,and their idea of a world for them only ! FRNs aka fiat paper dollars have no foundation NOW ! Get hard real assets in hand and prep always and everyway !
They say money doesn't grow on trees- but the fact is they are running out of enough trees to print all the new trillions, so the Fed is toiling behind the scenes 24/7 to eliminate paper money entirely and replace it with an utterly nebulous concept: digital"money", the CBDC, i.e., "keystrokes in the ether." And if you, the voter, the citizen, allow this to pass, you have only yourselves to blame- or for that matter, allowing $36 trillion in debt to have occurred, because in the days when people actually demanded government balance its books, they had money that read "payable on demand for gold." CBDC- real store of value, that! Start by raising bloody hell with your rep to balance the budget.
💯 endgame time
Having worked for the US DOD for my entire professional career as an engineer in the engineering field I can unequivocally state that our "defense" establishment is not about defense of our liberties or safety. It's real purpose is enforcement of the fiat currency pure and simple. Washington also warned of foreign alliances which we have not heeded. The founders of this country were fully aware of what would happen once permanent standing armies were established. That's why the US dollar was made the reserve currency in 1944. Smedley Butler found out these truths late in his career, but our flag waving politicians never bring him up.
Butler, who was awarded the Medal of Honor not once, but twice has real street cred, then when he wrote his book "War is a Racket"(available free on line at Gutenbergdotorg)- a must read! Anyone who has read not and not at the very least contacted his congressman has not taken a stand to put a stop to it- the entire world is wasting lives and trillions as it sleepwalks toward nuclear war- where are the peace lobbyists?! If you really have to waste $36 trillion, instead of bombs and missiles to be literally blown to smithereens, why not instead repair rotting infrastructure? The electric grid? Agronomy and forestry?
Thanks John, Keep us informed about the physical gold and silver markets
In August of 1971, I was 19. On the 15th of that month, Nixon took the dollar off the gold standard. On the 21st of that month, the military was pulling my birthdate out of a draft lottery drum for a free trip to Vietnam.
I hate LBJ and especially Nixon. That "temporary" closing of the gold window ruined my financial life. I sincerely hope that LBJ and Nixon are burning in the hottest part of HELL!
Oswald always claimed he was a patsy, but Nixon was really and truly the patsy for the vast debt run up by LBJ, what with his VietNam War plus "Great Society" spending. It became obvious to France's Charles DeGaulle that the U.S. was in no position to honor its Bretton Woods agreement to provide an ounce of gold for every 35 Eurodollars (Americans themselves still, thanks to FDR forbidden to do so!), and when he called our bluff, the axe fell on Nixon who had always been regarded as a "conservative." Some of us remember him coming on TV, and with a sick grin announcing, "We're all Keynesians now." (IOW, "We're all sons-of-bitches now, and I'm their bitch.")
Nixon's biggest crime, in my opinion, was carpet bombing Cambodia, which brought Pol Pot to power and the death of millions of Cambodians. Feck Nixon!
I have to doubt that the title of this post is correct although I am not against it. Getting to honest money from where we are now would be challenging but ending the welfare state programs would be hard for most people to swallow. Germany had a catastrophic inflation in the 1920s but Germany did not revert to gold. They did have more responsible money management for awhile. Milei is getting some good changes in Archentina but it will be interesting to see what lasts and what happens in the next election. I would bet more on going to no money than gold money at least at present.
In August of 1971 I was hitchhiking around Italy with travelers checks in dollars and marks. ( I had a job in Germany and had earned marks but my reserve fund, brought from home, was in Amex dollar denominated traveler checks.) I had spent 3 nights in a Firenze hostel and was checking out on Aug 15th when my payment method became 'non-viable'. If there was such a thing as a credit card for students back then, I didn't have one. The manager said when you checked in the lira/dollar exchange rate was 620 lira to the dollar but we don't know what the dollar is worth now. If you are paying with dollars we can only take them for 300 lira so you will owe twice as much in dollar terms--the same lira cost. This was unhappy news for a kid that was earning 5.6 marks per hour ($1.60-minimum wage).
So, I took an International Economics course when I got back to college for my sophomore year and learned the Federal Reserve made up the amount of money they considered necessary for economic activity. The concept of unlimited debt did not bother me because bondholders would discipline the money creators, the so called 'bond vigilantes'. But it turns out you can pay the vigilantes their vig(for a long time) and everyone's happy as long as they are in line to get paid. So who is not going to get paid? You, me, Citibank, or Japan?
From the look at the first chart the boomers have had a glorious life and an actual retirement. I hope the boomers enjoy that for us GenXer's and Millennials that will never know the feeling. This is truly sad but nothing can be done but laugh about it. :(
PS: When you younger guys get exposed to a military draft, I'll cry you a river.
At 44 I'm past that exposure.
Exactly. So quit whining at us baby boomers who DID have that exposure to the military draft.
LOL! Most of my boomer friends are dead. They died in the lower middle class at the age of about 50. Needless to say, the government kept their social security tax money.
For society as a whole that is true. However, as Rubino astutely routinely notes, individuals can protect themselves. Tangible assets offer refuge, over the medium to longer term, particularly liquid tangibles.
Got to have money to buy tangible assets and for us younger people that's nearly impossible to accumulate when wages have stagnated while the price for essentials (food, housing) have increased drastically.
And yet it can be done. Read "Rich Dad, Poor Dad" by Kiyosaki and "Successful Investing In An Age of Envy" by North (multiply $ amounts by 5 when reading the latter). Both are available on AbeBooks. You have to cut out EVERY NON-ESSENTIAL EXPENSE and literally save every cent until you have enough to open a no-fee brokerage account. Then start adding to it at every opportunity while consistently buying equal amounts of SILJ and GDXJ. You'll learn as you go from there. Needless to say - no debt of any kind whatsoever. The fact that you are reading Rubino shows that you already (at least potentially) have the right attitude. Now you just need to "Make It Happen". Good luck.
The inevitable fiat implosion will certainly be one for the history books and, tragically, profoundly painful for many who worked hard and lived responsibly. Will human society ever learn?
https://annavonreitz.com
http://www.paulstramer.net/2025/06/international-public-notice-to-treasury.html
International Public Notice: To Treasury Secretary Scott Bessent
http://www.paulstramer.net/2025/06/international-public-notice-not.html
http://www.paulstramer.net/2025/06/international-public-notice-why.html
International Public Notice: Why Bilateral Banks? And National Prosperity Centers?
http://www.paulstramer.net/2025/06/international-public-notice-declaration.html
International Public Notice: Declaration of Odious Debt Jubilee
By Anna Von Reitz
What is an "odious debt"?
The legal definition is: "A debt created by some means of fraud, of which the victim is not aware, and from which they do not benefit."
The debt -- national and otherwise -- that the United States Corporation and the UNITED STATES CORPORATION and the UN CORP and the US CORP and so many other iterations of private, for-profit, mostly European Corporations have amassed and attempted to palm off on this country and its people, is all odious debt.
How so?
How many Americans or Europeans -- or anyone else -- impacted by their "registration" as babies, are aware of the loss of their birthright political status and also their position as the first and only true possessors of their own DNA and intended recipients of their Given Name?
That is, the Dead Baby Scam? By which the dying placenta is seized upon and registered and falsely claimed to be the "firstborn" associated with every live birth?
Virtually none.
Nothing about this false preemptive claim is ever whispered to the parents or the babies impacted by this heinous commercial crime that has been fostered by the Roman Catholic Church since the 1100s.
This results in impersonation of the baby almost at the moment of birth, and identity theft, also, as the dead placenta's purported estate --- the original infant decedent estate --- is promoted as the senior interest in the remaining Given Name.
The presumed citizenship obligations and denigration of the living baby's natural status, are both imposed by unwitting Third Parties acting without full disclosure, while the actual victims were still babies in their cradles.
We have interviewed hundreds of Medical Doctors who routinely sign the hospital paperwork supporting this hideous fraud scheme and literally none of them have realized what they were signing or why.
The parents are certainly never told.
This results in the existence of hundreds of millions, possibly billions of unconscionable contracts which are invalid by definition, being used to impose citizenship obligations on people who are unaware of what these obligations are or how they arose or are being imposed.
The men and women responsible for all of this have been kept in ignorance or compromised by threat and/or blackmail.
This scheme has all the earmarks of a profoundly criminal misrepresentation promoting unjust enrichment and coercive control: criminal constructive fraud.
The venerable nature of this fraud in no way excuses or renders it acceptable, nor does it excuse the Roman Catholic Church for promoting this wickedness, first in Europe and later, worldwide.
These bizarre means and unconscionable contracts have been used to enslave generations of mankind and to forcibly extract both material assets and labor from them.
It is no mistake that the "income tax" first appeared in France in the 1100's as a special offering dictated by the Roman Catholic Pontiff, originally extracted from parishioners by the Dominican Order running the Inquisition. This special offering called "Peter's Pence" was an assessment based on individual "income" for the prior year and was collected to allay the expense of the Crusades.
It was collected every April 15th by black-robed Inquisitors.
It is still collected on April 15th, still used to promote (commercial) warfare, and still enforced using Puerto Rico's Law of the Spanish Inquisition.
Suffice it to say that the individual victims of this horrific fraud scheme are both unaware of it and do not benefit from it.
The Church has, from time to time, been called on the carpet for these gross impositions and it has argued that the faithful have been defended by men at arms (now called police or private security personnel) and have benefited from the improved roads, bridges, and other infrastructure made possible by the Church, as well as certain social institutions -- particularly public schools, hospitals, universities, orphanages, asylums for the insane, and public libraries -- which have been founded and supported by the Church for the benefit of the faithful, the poor, diseased, and indigent.
Always, the insidious idea that the ends justify the means intrudes itself, and always we must reject its premise. For anything to be truly good, it must be good throughout, not sustained by any lie or artifice of fraud.
This Dead Baby Scam was the foundation, the immaterial sacrum, of a great many evils as well as good in the world.
It is time to grow beyond a con game that is almost a thousand years old, and the even older nonsense of idolatry, too.
The living people have been defrauded and denigrated. Of that, there can be no doubt.
They have individually paid for and suffered for any "benefit" they ever received, and so, they were not truly "benefited" -- they were forced to support worthy causes and profane causes alike at the point of a sword.
A gift you are forced to pay for is not a gift, nor is it a "benefit" which implies that a benefactor has provided it.
A robber or con artist who returns a tiny scrap of what they have stolen cannot be accounted a "benefactor". They remain a thief, and the portion of returned goods is not a "benefit" to the victims; it is merely a small return of what is truly owed to them.
Any debt accrued by this system is odious by definition. It is debt created by a means of fraud, of which the victim(s) were not aware, and from which they did not benefit.
This circumstance must be relieved by the immediate release of the long-promised Debt Jubilee -- and the conversion of the business interests and their incorporation and claims of bankruptcy protection may not be allowed to delay the cessation of additional false claims in commerce.
We demand the immediate and permanent release of all claims in commerce addressed to individuals and improperly licensed joint ventures mischaracterized as "marriages". If we err on the side of the living people --- the only ones who can actually be injured by carrying on this farce, let the error be regarded as a small compensation toward the suffering that the victims have endured.
This Notice is issued to and includes, but is not limited to, the various United States Trustees operating in separate jurisdictions of the law, as well as paid, appointed, and elected officers of the parent corporations and franchise operations worldwide.
Notice to agents is notice to principals; notice to principals is notice to agents. Notice to Agents is Notice to Principals; Notice to Principals is Notice to Agents. NOTICE TO AGENTS IS NOTICE TO PRINCIPALS; NOTICE TO PRINCIPALS IS NOTICE TO AGENTS.
Issued by:
Anna Maria Riezinger -- Fiduciary
The United States of America
In care of: Box 520994
Big Lake, Alaska 99652
June 6th 2025
"giving governments monetary printing presses untethered to anything real..." Not quite.
The Federal Reserve has the monetary printing press, but it is not part of the US Government.
The FED operates independently and in secret. Look it up.
We found out long after the fact that The FED created and handed out 14 TRILLION DOLLARS to foreign banks in 2008/9.
Successful money systems are controlled by public institutions, not by secretive banking cartels.
A Gold Standard is no guarantee of a stable money system.
Money is like a ticket that is accepted for payment of debts and taxes. It doesn't need to be made of something valuable like gold and silver. It needs to be backed by the rule of law. It needs to be managed by an ACCOUNTABLE institution.
With the power to print money in private hands, the money system benefits those private hands first and foremost.
The US Constitution gives Congress the power to coin money and set the value thereof. The reason being that Congress people must stand for election every 2 or 6 years and can be held accountable for their monetary choices. In theory at least.
Our current money system gives control of money (and therefore government) to the banksters.
I could not agree more!
Humans and human institutions are corruptible and usually do go corrupt without exception. Gold as an inert and rare metal is incorruptible, unemotional and finite. That’s is exactly why it is so well suited. Despite our best efforts over the centuries humans have not been able to create one ounce more despite all the efforts of alchemists.
May not have created more gold - but the issue is creating more IOUs on gold or silver or bitcoin or fiat or tally sticks.
Look up Reggie Middleton's patents on DeFi. Patented peer to peer transactions, capital markets, real estate, etc. sans middlemen (banks).
We now have a choice, Reggie has tested transacting precious metals with his patented software, VeAdair.
The SEC lied in their prosecution of Reggie. The coerced agreement Reggie had to accept (or become destitute from lawfare) did not include any admission of guilt. The SEC has till June 20th to respond to the accusations of fraud on the court.
Reggie is fighting for us. He unwittingly took on the Banks and the SEC on our behalf. We owe him our love and respect. I implore you to look into Reggie Middleton and his project; Veritaseum. We now have a choice, and it is patented to boot. Please spread the word.
Good stuff John. This may help readers understand 1971: https://wtfhappenedin1971.com/
Damn, that's the most depressing website I've ever seen...