At this moment the biggest financial fraud in human history is starting to reveal. While vast majority of people still thinks that this information won't change a shit, i most definitely disagree with that attitude. Are lack of informations and lethargy actually part of their plan, not to change a thing in our favour?
For thousands of years people have built enormous empires, created civilizations, developed production resources, whether it is ancient Egypt, Greece, or China. What is common to all of them is the exchange of goods and trade with neighboring and less known states or even tribes. Of course, many of them fought for resources, supremacy and territory, but the fact is that their systems were based on the power of precious metals: gold and silver.
Old Economies
Old economies based on precious metals where simple, their resources and economic power could not be manipulated because the state or empire had financial and economical power as much as gold and silver in its treasury. Such data could not be directed nor compromised, it was also not possible to forge money and there was no difference in monetary value. Which meant that in case the state colapsed, gold and silver would be solvented in a new valid currency that has maintained certain standards or weight and quality.
The most important thing about precious metals is that whatever things go wrong in the state and as far as economic situation goes wrong, they still have value, which can not be said on fiat money. The real value of the 10€ banknotes and of 100€ banknotes is almost the same, the difference lies only in agreed value and in the number of "zeros". Acient states didn't have to worry about currency exhange rates and other factors of confusion. So the value of goods which European merchants bought and sold along was clearly marked in a certain amount of gold regardless of whose head or the sign was imprinted in that gold or what ever it was.
The originator of economic Slavery
just imagine being a member of the Renaissance Medicci family, what would you do? Would you try to bribe most of Papal states, Florence, Lombardy, Venice, France and states of Germany, in order to back up your goal? It was to expensive to make it sustainable, but they found a way.
Perfect awnser was the creation of banks. Gold money then began to float over interest rates, bills of exhange and contracts. Ever since the global economy started to change increasingly.
Cosimo De Medici (1379-1644) is one of the founders of the megalomaniac crafts business of the banking industry. First in the row.
The Medici family, also known as the House of Medici, first attained wealth and political power in Florence in the 13th century through its success in commerce and banking. Beginning in 1434 with the rise to power of Cosimo de’ Medici (or Cosimo the Elder), the family’s support of the arts and humanities made Florence into the cradle of the Renaissance, a cultural flowering rivaled only by that of ancient Greece. The Medicis produced four popes (Leo X, Clement VII, Pius IV and Leon XI), and their genes have been mixed into many of Europe’s royal families. The last Medici ruler died without a male heir in 1737, ending the family dynasty after almost three centuries.
What is the Real problem of Paper money?
The worrying part of our banking system, to witch the public is little aware, is the fact that in the global circulation of banknotes that do not have coverege in precious metals, most of the world's currencies simpy do not have enough in treasury to back up their "money". Money has become virtual sum of zeros. This is another additional possibility of plundgering and enriching a handfull of super-powerfull people who rule the finances. Soon, the bankers are beginning to realize the importance of wars in the weakening of states, and knowingly begin to fund both sides in the war. It can't get more simple. If state is weak banksters are strong, end of the story.
As an example we see the French Revolution. The feudal society has become civic, people are satisfied with civil law and constitution, while on the other hand so called bourgeoisie along with bankers took money and wealth.
Such disgusting creatures, were no longer satisfied with the destruction of powerfull colonial states, as was the case with Germany and Austro Hungarian Monarchy in first world war, they realized that even more money and power could come from creating global collateral victims with the help of Global Crisis and the stotck market.
In order to destroy complete colonial and imperialistic system they needed "mask", so they needed to figure about the way how to break through all monetary system and give it a "crucial" hit. They founded Federal Reserves, and the problem was solved.
The Law on Federal (Monetary) Reserves of the United States was made secret in December 1913, in this way the "majority" of US tax revenue does not go to the hands of the US government, but in the hands of the real private owners of the US dollar, into the hands of bankers which have appropriated the monetary system of the United States.
Petrodollars
Most of the gas and oil produced are paid in dollars, a very fine cover for bubble. Thanks to the oil crises in the seventies of the twentieth century, bakers have consolidated and established their power over "blak gold" without public debate and imposed the dollars as the means of paying crude oil and gas. But we have seen some rulers who thought they might fuck up petrodollars, such as Gaddafi who made the decision to start charging oil with any other currency other than dollar and euro. Don't even need to tell you what happened a bit later. The next on "to do list" is most definitely Iran which getting payed in Euros by China, i think you all know what is coming.
Hope you finaly understand that todays system is fucking unsustainable, and that is just matter of time when the whole system will colapse. Be smart, cheers!
this is isn't the evolution of the economy, but the evolution of greed, the top one percent are the one who controls the world and they don't care peoples ideas, they only care for themselves and they don't need peoples idea because they don't want to distribute the wealth equally.
These artificial borders really are a big problem
Especially now what the peoples of the Middle East are suffering
Great post..
For the most part I agree with your ideas @ocupation.
You made your point, especialy about crony capitalism and Oligarchs. Rich become richer every day, hopefully blockchain will desrease their influence. Thank you for stoping by :)
Good reply
This is a great documentary that reviews the history of the Federal Reserve System. Lengthy (almost 4 hrs) but has context for this article, where Bill Still suggests a proper, Treasury-controlled fiat currency may be viable.
I am not sure I agree with this (yet) but the points made in the documentary and how Abraham Lincoln almost successfully implemented such a system is interesting.
Appreciate your time bro :)
Outstanding
I understand your point, but I have to disagree in some parts. I have to first claim that this is in fact a system that can be changed for something better. But what I don't agree with is that somehow I can read underlines that you are suggesting a change into a precious metal based system.
Please correct me if I am wrong.
But in case that is indeed what you are suggesting, let me tell you the amount of gold, silver and copper is finite and not enough to sustain all the worforce a country like the USA has, let alone the whole world.
Just take for instance the technology industry we have nowadays. It would just not be possible today if it weren't for the current system.
Because it is not true that a currency like the dollar is merely based on trust (althouh it is true that it's its biggest value) because that trust is based on what the country has to offer. Technology, its workforce, military, power, all of those factors sustain in a way the value it pocesses.
Could its value crush over night? Absolutely!
So far it has endured over time, but no one knows for sure if it will forever. But claiming that it is unsustainable might just be too much.
Btw, I much prefer having corporations controlling the currency and not the state. States can be currupted, and change their whole vision of a country's future at any given time. That's one of the biggest reasons my country, Venezuela, is going through such a hard time. The government controls pretty much everything, and only acts in order to remain in power.
Good explaination, though!
Everything has got a fault. It depends on where one stands. You made valid points though, i like your argument especially the one between the states and corporations..
Everything has got a fault. So true. And expressing our thoughts like we are doing here through reason, is what makes us improve those faults.
But what I don't agree with is that somehow I can read underlines that you are suggesting a change into a precious metal based system. - No bro, im not suggesting a change on acient metal based system. I just wanted to make a comparison. To be honest i think that military is the fundamental base for dollars value, along with CIA and NSA. I know it sounds crazy but if we take a look on their modus operandi it becomes more clear on how do they get the job done. Appreciate your time man :)
No counter argument on that one. You speak the truth in that comment.
I think it is necessary to somehow criticize the system to see how we can make it better, either by changing it or just tying up some loose ends.
Can crypto-currency do any better? I think so. Although the problem of instabily will probably remain there.
I just believe a system of reward for hard, smart and quality work should prevail. Not one where you could plot with some powerful ones to control everything, nor where depending on the state is promoted.
Maybe in the end the problem is not necessarily the system, but the men who run it ;)
Maybe in the end the problem is not necessarily the system, but the men who run it -Yep, fucking greed... :)
The love of money is the root of all kinds of evil, Christ said. That's where greed comes from and it lies in the heart of the rich & the poor; some rich people who don't want others to have anything and hoard, and some poor people who want what everyone else has and demands it be redistributed. Welfare helps the rich & the poor, and the middle class are forgotten about.
I just think that our true nature is a real problem here, among with greed. Money is enslavement tool that rich use against us. It will take a whole millenium untill we reach high degree civilization.
Yes, it is unsustainable and will blow up one day. It is just a matter of time.
And we all know what will happen if so.
Modern Slavery is such an interesting topic our youth should be discussing. We think before that slavery only happens when peasants are being abused or forced to go to work by their masters but now is a different time. Slavery is became even worst.
@jorge-caceres and @izge you both make good points but may I suggest you may be somewhat naive about the monetary system. While a bullion backed currency may have some advantages over production backed currencies the problem is not the underlying value base but rather the monetary system itself. As lon as governments exchange gilts for currency we will always be in hock to the bankster oligarchy. It makes no difference whether that value is gold, silver of blockchain based.
I have never heard that anybody has eaten (conservation instinct) a coin or a dollar bill or any kind of bill, much less that have had sex with it (sexual instinct).
If that's so, then, why every body seems to be crazy about getting an having as much money as they can get and save, and even more and more?
I've heard that to get to the real cause of any problem, you have to ask "why", 3 to 5 times in sequence to any cause you think is the answer . I invite everybody to do so to the question above, and lets see what happens. Thanks for your work and article @ocupation
The way to change this corrupt system is to give ownership of corporations to the employees and not the employers, this can be accomplished with worker coops. Where employees democratically decide what their corporation does with its revenue.
Smels like communism, although i do agree that this wild capitalism is destroying us.
Communism is government ownership, worker coops are owned by employees not the government
Smells more like marxism
Yes, when a corporation is owned and run by the workers instead of a capitalist owner that is marxism
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nosotros pertenecemos a un plan! esta claro, ahora que hacer para que nuestra voz sea escuchada a nivel mundial? en Venezuela vivimos una crisis humanitaria impuesta por el mismo gobierno y una crisis política inducida por las grandes potencias mundiales.
es agobiante para nosotros el ciudadano común ya que se nos hace muy difícil la adquisición de productos de primera necesidad, ya que el papel moneda aquí no vale nada impuesto todo por la potencia de estados unidos de américa.
me gusto mucho tu publicación creo que ambos compartimos una idea al respecto de todo esto sobre el capitalismo mundial y que nos lleva a la destrucción de las naciones
Agreed
Amen Brother!
In the end it is not about gold or oil, its about people's souls.
We have no soul :)