CHAPTER 7

The Barbaric Metal

What is Money?

In this chapter of the book it gets into the history and evolution of money. Henry Ford once said it best, ” It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” And since there has been no revolution yet, we the people still don’t have a clue of how or why we are still slaves to the system. And this is by no means an accident, its by design to keep you ignorant of money and how its works. Public education did a great job teaching us a lot about nothing.

So what is money? You ask ten different people, you may get 10 different answers. Is it the coins and paper (cotton) in our pockets? Is it the numbers in a checking account, digits on a computer? Is a savings and the of credit on a credit card considered money? Does it include stocks, bonds, paintings, house, land, and personal possessions? With the raise of cryptocurrency is this now to considered money? Is it gold and silver? Or is money just the amount of purchasing power a person has?

The main purpose of the Federal Reserve is to regulate the supply of money. But if no one can define what money is, how can they regulate it? They can’t but we the people to ignorant to recognize it and that’s just the way the Banking Cartel wants it. A society full of mindless working zombies that don’t have a clue about what’s going on as long as you feed them and entertain them.

If we look at the definition of money you will find a few definitions of money. Money is Anything accepted as a medium of exchange. It can be classified as commodity money, receipt money, fiat money, and fractional money. Bartering was the pre-money era. Bartering is defined as that which is directly exchanged for something of like value. Say you have a perfectly running Harley Davison bike and someone says they have 64 mustang with rebuilt motor and transmission but needs body work. Or trading a house for a RV or trailer home. Its on you if you will accept the trade or not because both intrinsic value. Labor can also be a way to barter as well. The earliest form of commodity money was some form of food, either produce or livestock. As society progressed beyond the level of existence, other items like ornaments like shells on precious stones became a medium of exchange as well. But produce and live stock carried more value.

Metals as Money

During the Bronze Age when man discovered iron, copper, tin, and bronze, the trading of metals between merchants along trade routes and major sea ports began. The value of the metal was originally determined by weight. It became custom for the merchants to stamp the weight of them on top of the metal. The primary reason metals became a widely used commodity money, was that it meet all the requirements for convenient trading. In addition to its intrinsic value, metals had other uses other than money. One of the most important attributes of metals is their ability to be precisely measured. As the saying goes Real Money is weighed, not printed! Its time for we the people to get our weight up. Grams turn into ounces, ounces turns into kilos. Gain wealth one gram at a time! Anyway back to the subject at hand, metals can be a storehouse and a measure of value. Small quantities can carry high value. With metals, it is both measurable and constant. It is either gonna be 99% pure or its not, it will either be a gram or not, an ounce or not. This is why on every continent of the known worlds man has chosen metals as the ideal storehouse and measured of value.

Gold is King

Gold is king, and we really don’t know why. There is a quote from Norm Franz that says, ” Gold is the money of Kings, silver is the money of gentleman, barter is the money of peasants, but debt is the money of slaves.” Gold has been the first choice for a long time now with silver following a strong second. Not only for its value but also its many uses including jewelry and in today world many of our electronics have gold in it.

The argument with Gold is that is to limited of a supply to satisfy the modern world. At first, it may seem like it makes since because we do need a lot of money to keep the economy going, right? Well lets take a look, 45% of all the gold mined since Columbus is in government or banking stockpiles, and another 30% is in jewelry, ornaments, and private hoards. Any commodity which exists to the extent of 75% of its total world production since Columbus can hardly be described as in short supply. In reality the supply does not even matter. Remember this point, is very important. The primary function of money is measure the value of the items for which it is exchanged. An example given in the book was measuring a rug. You can measure a rug in inches, feet, yards, or meters and it does not matter because what we are measuring does not change. The rug does not become larger because we increased the quantity of measurements units by putting extra markers points on our ruler. Same with gold or any precious metal an ounce is still an ounce, no matter how we break it down. If an ounce is too much for the item break it down to a half ounce, or a 1/4 of an ounce or a 1/10 of an ounce and so on. So the amount of Gold in the world does not affect its ability to serve as money. Ron Paul said it the best when he said,” Because Gold is honest money it is disliked by dishonest men.” Reason the Federal Reserve Cartel was created for this reason. So they could have an unlimited supply of ” Money” to do want they want at the cost of the people paying for their own slavery. When the dollar was backed by gold the government had to be accountable for their action when it came to spending. With the Federal Reserve money printing machine they would be unstoppable until the people finally woke up. But they are hoping you stay asleep. When you increased your supply the value goes down. When they say we are trillions of dollars in debt they are saying they have printed trillions of imaginary money and somebody has to pay for it but it won’t be the Federal Reserve Cartel it will be the people every time paying for their own slavery until we the people say enough is enough and shut the Federal Banking Cartel down. There is a reason to keep raising the debt ceiling, and we will soon find out.

Gold guarantees price stability, and the Federal Reserve Cartel say that is their primary goal is to stabilized prices. How do you think the Federal Reserve is doing so far? Gold in the free market if not tainted by politicians and fake money printing will always maintain a stable price structure which is automatically regulated by one main factor, human effort. The human effort to extract an ounce of gold from the earth will always approximately equal to the amount of effort for which it is freely exchanged. Gold is an enemy to the welfare state and they know it. the abandonment of the gold standard made it possible for the elite to use the banking system for unlimited credit paid for by the people, and without the gold standard made it easy to confiscate your wealth through inflation. Deficit spending is a scheme for the hidden confiscation of wealth. Gold stood in the way of the scam, it was the protector of property rights. The Roman Empire fail because of greed and bad money practices. They began cheating their people through taxation, coin were clipped, reduced, diluted with other metals, and plated. End results Rome failed and money became extinct.

Receipt Money

Receipt money became popular when new civilization rose from the ruins of Rome. When a man accumulated more coins than required for daily purchases he needed a safe place to store them. The goldsmiths who handled large amounts of precious metals had already built sturdy vaults to protect their own inventory naturally started storing their customers metals for a fee. When the coins were placed into the vault the goldsmith would give a hand written receipt which entitled him to withdraw anytime. At first, the only way the coins could be taken from the vault was for the owner to personally present the receipt. Eventually it became customary for the owner to endorse his receipt to a third party who, upon showing his receipt could make a withdrawal. These endorse receipts were the forerunners of checks. The final stage was the custom of issuing not just one receipt for the entire deposit, but a series of smaller receipts, adding up to the same total and each having printed across the top: PAY TO THE BEARER ON DEMAND. These receipts backed then was truly backed by sound money, but today its backed by nothing and is worthless. But this folks is how we got to this point in a nutshell.

Chapter 6 The Building of the New World Order

Chapter 8 Fool’s Gold