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Wealth Weekend

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Money

It is one of the most familiar yet least understood of all subjects.

What began as a barter substitute to facilitate the division of labor among mankind has been transmuted by the international Money Power into a modern electronic form that is as far removed from the precious metals that once backed it as it is from beaver pelts, wampum and tally sticks.

Sir Isaac Newton (among others) sought to transform the base metals into gold through alchemy.

In the childhood fable Rumplestiltskin, the imp taught the farmer's daughter how to weave straw into gold. Today the straw is equally worthless dross -- an intrinsically worthless piece of paper titled the 'Federal Reserve Note'.

The FRN is printed by a private for-profit monopoly syndicate that has steadily engineered its decline in purchasing power by over 90% since its debut in 1914.

It started its long journey down when Franklin Delano Roosevelt (a name that will one day live in infamy) began the process of divorcing the FRN from its precious metal backing.

'Tricky Dick' Nixon (a name that already lives in infamy) completed the process when he removed all backing entirely in 1971 and the FRN went into freefall.

And it still has a long way to drop. Actually, plummet would probably be a better choice of verb given the fact that one nation after another has begun dropping the 'dollar' as their reserve currency.

In order to prop up the equity (stock) market and re-inflate the economy since the Nasdaq crash in 2000, the 'banksters' have been flooding the world with this cheap paper, produced on printing presses running 24/7, as fast as the bearings will allow.

Eventually this scrip will be the downfall of the American economy, for every paper currency in the history of the world has eventually collapsed, usually accompanied by the  collapse of the social structure of the issuing country.

Taking things a step further, there is now an electronic derivative of the FRN called a 'pip.' The pip, or price interest point, is the smallest unit of fluctuation between two fiat currencies trading against each other in real-time. An example would be the FRN trading against the euro.

As one fiat currency goes up in value relative to the other, the other goes down relative to the first. They perform this see-saw act day in and day out. It's called the foreign currency exchange, or FOREX market, and it's a big one, to the tune of over $3 trillion dollars every 24 hours -- a vast ocean of cash large enough to swamp all of the world's stock markets combined. It's the largest cash market in the history of the human race.

Want to become a successful alchemist?

Want to weave straw into gold?

We can show you how to use your computer (actually, any computer anywhere in the world with Internet access) to manufacture pips out of thin air, then redeem them for their paper counterpart (FRNs) which can then be exchanged for things of real value that you can drop on your foot, such as gold and silver.

When the FRN eventually shrinks so far as to become invisible, gold and silver will be headed to the moon (perhaps to be overtaken only by uranium).

Actually, we think the metals will leave the solar system entirely.

 

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The origins of money
Barter
Division of labor
Why gold and silver?: Qualities of ideal money
Goldsmith as banker
Warehouse receipt
From commodity money to _______ money
Print receipts to excess = inflation / fraud / origins of central banking
Jefferson resisted bankers
Jackson resisted bankers
Lincoln resisted bankers
Wilson did not resist bankers
Jekyll Island 1910
Federal Reserve act 1913
Central banking installed
Federal Reserve Note lent, not spent in to circulation
Gold and silver backing gradually removed
Nixon abandoned gold standard in 1971
Dollar has dropped dramatically ever since
Inherent dishonesty / fraudulent nature of paper money
Madison's Notes in federal convention
Roger Sherman essay on paper money
Quotes from Founding Fathers
Forex market created with Bretton Woods
Dollar world reserve currency
Now being dropped by one country after another
Headed towards hyperinflation, repudiation, blocked currency
Gold and silver will soar
Peaked in 1980 (1981?)
New bull market started 2002
Phase 2 just beginning with institutional buyers
Phase 3 when public gets in
We trade derivative of FRN, called "pip"