The difference between Currency and MONEY

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posted on Feb, 28 2013 @ 03:05 PM
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Your true wealth lies in your time and in your freedom. Anybody who thinks their wealth lies in that pile of Federal Reserve Notes they've managed to accumulate during their lifetime has another thing coming.

Money is nothing but a means of exchange we use to measure the amount of work we put into something and use that to trade for the products and services we need.

In the video, Money is defined as real money in the form of silver or gold which is universally recognized as valuable and holds on to its value.

Currency is defined as the fiat currencies of the world, such as Federal Reserve Notes, which every country uses today. The main, biggest difference between money and currency is that currency does not hold onto its value over time. In fact, due to the constant inflation of the currency, it constantly loses value over time so if you sock away $100 under your mattress today, it is likely to have much less buying power a few years down the road. The Federal Reserve Note has lost 95% of its value since the creation of the Fed. 100 dollars would buy about the same amount today as $5 would buy back in 1913.

Every time the Fed inflates the currency, they steal away a portion of the value of the currency in your pocket. With the constant "quantitative easing" going on today, it’s like they're constantly pulling a constant stream of money directly from your pocket leaving you with les and less buying power.

The video makes the point that EVERY SINGLE fiat currency has had its value drop to absolute ZERO after some amount of time. Some currencies last longer than other but, in the end, they all end up WORTHLESS.

Currency is a confidence game and we've all been conned for decades. Someday the con artists will be revealed and we'll all be left holding onto worthless pieces of paper when the people of the world finally realize the truth behind fiat currency.

The video explains that the US has been able to avoid hyperinflation only by exporting our inflation. We use our currency to buy things that are produced overseas, leaving the overseas markets with mountains of our worthless currency. We don't see the inflation here because all of our money goes overseas and the money supply here in the US has remained relatively stable.

This created the illusion of no or little inflation inside the US but, someday soon, the currency bubble will burst and the overseas markets will become over flooded with our currency and will have to start demanding more for their products and services. They could also come to the US to spend their currency and flood our markets with their overflowing coffers which will force up prices here at home.

Its just a matter of time before the whole con game comes crashing down and we are all left holding worthless paper fiat currency. Look at the charts in the video that show the skyrocketing rate of increase in the amount of Federal Reserve Notes in circulation just in the past few years. The chart goes from a pretty even increase over the years to an almost vertical line of inflation just since 2008 which is unsustainable.






posted on Feb, 28 2013 @ 03:29 PM
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reply to post by FortAnthem
 


How does this knowledge make you feel? Slave away and slave away your entire life, and when you are ready to retire....POOF your "money" is worth nothing and all those years were for absolutely nothing!!

This was not what God put us on this Earth to do......Be slaves to not only money, but the entire system at work!! Life is supposed to be fun and filled with excitement, all we get is stress to have to pay bills, and no sleep because you have to work your Arse off to try and pay those stress filled bills.....

Kinda makes you sad to see what this world has come to.....



posted on Feb, 28 2013 @ 05:53 PM
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reply to post by Chrisfishenstein
 


I think old Abe said it best:

"If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
- Abraham Lincoln


That's exactly how people should feel about our monetary system. Its even worse when you realize that, in Lincoln's time, there was NO Federal Reserve Bank and the country still had money based on precious metals. People today have more reason to revolt than ever.

A few more quotes from the site I found the Lincoln quotation:


"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again...Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit'."
- Sir Josiah Stamp, The Bank of England

"If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air... We are warranted, then, in affirming that this parody on the principle of 'a public debt being a public blessing,' and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper."
- Thomas Jefferson to John W. Eppes, 1813. ME 13:423

The Modern Banking System



posted on Feb, 28 2013 @ 05:59 PM
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I have not watched your video FortAnthem, but I am familiar with the subject and am replying mostly to your post.

A person could become a billionaire working at McDonalds if their life lasted millions of years. You could do anything if you had enough time, but we don't.

A person's true wealth to this world is a combination of knowledge, skills, talent, health, and spirit. A 105 year old billoinaire isn't as wealthy as an 18 year old high school grad. About how much money would a billionaire spend if they could pay to switch places? Probabaly all of it and then some...

You are right that a pile of paper Treasury notes is just that, a pile of paper. A stack of gold or silver is only a stack of shiny metal. It only has value because other people agree it does just like currency. The reason it is considered 'money' is because the quantity of the metal stays relatively unchanged unlike treasury notes. Both currencies and precious metals can and have been manipulated thougout history by money-glitchers. That inherent greed in people isn't likey to change.

There are a couple of scenarios I see as most likely to kick off inflation.

The first is that China and other large US treasury holding countries started to buy American Stuff with all of the Treasury Notes that they have. That's when you would see all those t-notes start flowing back in the country, creating many middle-class type jobs. More dollars around causes inflation.

Another scenario is if all of the QE has actually had a trickle-down effect. Most of this QE currency created has remained stuck at the top of the money chain in banking institutions. The intent was to loan it out at rock bottom interest rates but there just isn't the consumer demand from the economy. The problem now is that wages havn't risen while gas, food, etc has causing most people to cut expenses from their budget. Money circulation has slowed down.

Once the economy takes off full scale we will see huge inflation and then double digit interest rates to reel it in creating all kinds of volitility around the world. The beauty of it for the banking cartel is that the US currency is already widely accepted around the world as currency. Any decisions they make have global repercussions which was their original intent when they decided to spread the currency globally.

The best advice to protect yourself in this scenaro is to convert your currency into something that has real value. Gold and silver can hedge inflation, but it really isn't much more than a savings account. Your purchasing power will be about the same before and after inflation.

Better yet ask a 105 year old billionaire what it is they find important in their life right now. I bet they would give you advice other than wasting a life chasing paper and appreciate the true wealth you have right now...



posted on Feb, 28 2013 @ 06:03 PM
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Money is the tool the capitalist class use to keep those at the top, at the top, and those at the bottom, at the bottom.

Poverty is not a lack of money, it is a lack of access to the means to produce. The lack of the means to produce is because of the private ownership of the means to produce, and that can only be possible because of money.

If people had free access to land you could live without money. The ruling capitalist class put a stop to that when they had the inclosure laws enacted, starting in the 1750's. The inclosure act allowed land owners to fence off their land and deny it's use to anyone. This forced the people off the land, and changed self reliance to reliance on the private owner providing work in their factories and mills. Instead of freedom, and autonomy, we got wage slavery, and reliance on a state system to provide for those who can't work.

edit on 2/28/2013 by ANOK because: (no reason given)



posted on Feb, 28 2013 @ 06:15 PM
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reply to post by SouthernForkway26
 


I understand about not watching the vid. Anything longer than 3 minutes takes forever on my home computer and I usually wait till I'm at work to watch.

This vid is worth your time though; it really lays out how they are inflating our currency at an alarming rate and how the inevitable result of any fiat currency is inflation to the point of worthlessness. The part where G Edward Griffin (yeah the Creature from Jekyll Island author) explains how we've exported our inflation was something I had not heard before.



posted on Feb, 28 2013 @ 09:46 PM
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reply to post by FortAnthem
 


I watched the video and it does a good job of intoducing the idea that there might be more to money than it seems.

One thing it doesn't really point out is what causes the money to leak value? Obviously we see the huge jumps in Treasuries after each QE round, but even before that there was a deades long a gradual devaluation of the currency.

The secret is the INTEREST RATE. It is the most important weapon of the Federal Reserve (banking cartel). If a customer borows 100k for a home from a bank, the bank gives that person ONLY 100k and the currency is put into the money circulation of the ecnomy. The bank will draw out 100k PLUS INTEREST from the economy over the life of the loan. Only a bank can 'add' currency to the system. The way most people "make money" is getting paid for their time and energy at a job; this is just working for a share of money that is already in circulation. As the economy dries up as it runs out of its 100k it still has the interest to pay, it says moneys getting tight we need to borrow some so ANOTHER LOAN to stimulate the economy and everything is fine again for awhile, only with a little more money in the system an that process creates a larger money supply and inflation.

Money IS debt. It even says so right on the front of it. There is no real secret. The more money(currency) in the system, the more debt there is. It is a system that mathematically guaruntees an inflation/hyper-inflation destruction at some point, just like the 1000s before.

One unique position of the US Dollar is that it is basically the world's currency. Some foreign currencies are even backed by the US Dollar. This will give the US Dollar some extra life beyond the average fiat currency.

The system will surely break when technological advances decrease demand for human resources until a very small percentage of the population actually does any real work. The owners of the machines and owners of the interest rate (Federal Reserve) are in position to truely dominate the world in the future. Everybody else will be left fighting over whatever bread crumbs the wealthy let fall. They will tell you how great your completely subsidised life is, how you never have to worry about anything.

Makes you think when you realize that every single dollar is in existance is because somebody has an outstanding loan out for it somewhere...



posted on Mar, 1 2013 @ 06:52 PM
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Originally posted by SouthernForkway26
reply to post by FortAnthem
 




The secret is the INTEREST RATE. It is the most important weapon of the Federal Reserve (banking cartel). If a customer borows 100k for a home from a bank, the bank gives that person ONLY 100k and the currency is put into the money circulation of the ecnomy. The bank will draw out 100k PLUS INTEREST from the economy over the life of the loan. Only a bank can 'add' currency to the system.


That's one of the most important points of the fractional reserve banking system; there is NEVER enough money in circulation to pay off the debt created. Money is created by making a loan but, the interest tacked onto that loan is not created, leaving it up to the debtor to come up with the extra money.

Where does that "extra" money come from? Since it doesn't exist without someone else taking out yet another loan, there will never be enough money in circulation to pay off all the debt. As the system goes on for more and more years, the amount of unsupported interest keeps increasing exponentially until the debtors are buried under the mountain of debt that is completely impossible to ever pay back.

And since you mentioned that Money is Debt...







posted on Mar, 1 2013 @ 07:27 PM
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Currency meets two thirds of the definition of Money: 1) measure of value, 2) medium of exchange...but lacks in the 3rd (store of value).
edit on 1-3-2013 by CosmicCitizen because: (no reason given)





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