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Money and where did it come from?

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posted on Dec, 3 2010 @ 05:45 AM
I can tell you money came from what is considered Law of the Sea. Each country traded with each other in order to achieve a financial standing for there own country. Law of the sea is international waters where nations could trade with each other. Each country traded with each other to achieve what we have today.

BANKS got the name from the private familys that owned the Banks of the country they were in. Rockafellas & Rothchilds for America, Windsors of England, Macquarie for Australia ect.

These familys assisted the people of their country to achieve a money system of numbers that bring you everything you have in life at the moment.

Law of the Land is each countrys Law which is independant to any other nation.

Discover where money came from and understand the system we are under!

Trade was nessasary for what we have today. In each country people would trade for the wealth they hold. This commenced the figures of numbers!
edit on 3-12-2010 by Archangelelijah because: No reason.

posted on Dec, 3 2010 @ 06:46 AM
Yea thats FIAT currency for ya.

Created out of thin air with no is just an IOU...a promise to pay. It has no value.

Check out Accepted for value....a way around paying for stuff with normal money lol :_)

posted on Dec, 3 2010 @ 06:28 PM
This is what happens when you switch from a gold standard to a currency standard.

With gold, you have a finite amount of money involved. The only way to get more is to sell goods for more gold or start digging. It will always be a somewhat rare mineral so it can only increase in value over time. It is difficult to spend more than you actually have in that respect.

But with a currency standard, the game changes. You need more money, you just fire up the printing press. This, in turn, increases the national deficit because you are spending more money than you actually have by the billions. With the deficit in the multi-trillion dollar range, it is pretty safe to say that you can accomplish more with currency simply because it is all an illusion of wealth. Promisory notes for money that doesn't really exist.

Think about that. We have spent TRILLIONS of dollars more than the amount of money we actually have in our reserves. The money in your wallet, in your bank account, nestled away in your piggie bank. None if it should actually exist. Because it is already worthless.

The dollar only has value because it is recognized worldwide. If that were to cease, those promisory notes would be as worthless as they really are.

posted on Dec, 4 2010 @ 03:56 PM
What I dont understand is how it has become so important? I dont mean I'm a simplton but people are acually dying en masse because of a mathmatical problem (as opposed to a pysical lack of edible food) money maybe fantasy and purely theoretical but the problem should not extend this far into the real world surely?

posted on Dec, 4 2010 @ 04:12 PM
Watch at least the first two episodes of this

edit on 4-12-2010 by DarthPhobos because: (no reason given)

posted on Feb, 2 2011 @ 10:11 AM

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