Ummmmm banknotes are merely a claim to the gold/silver that is sitting in the bank. Its just a reciept to the goods in the warehouse. Thats what banknotes were originally before 1913 when they then because fiat money.
Baker notable
Is there some way we can pin this on the board or top of each each bread? This is gold!
Who says you need to keep your money in the bank in a money system based on gold/silver?
You can literally keep your money at home in a safe if you prefer.
Ever heard of whole life insurance? You can keep your money there if you want as well.
We need to seperate banking into 2 catagories 1. Demand deposit 2. Term deposit
The first is where your money is purely transactional money in/out ..on demand.
The second is if you want to lend your money away for a certain time and accrue interest for the time you decide to go with out it.
All that other shit like credit swaps and derivatives and stocks etc is the business of the financial sector..NOT the banking sector.
We need to understand banking and finance are two seperate things and not one in the same as we have been so wrongly (deliberately) taught.
Well we really do need to seperate these things because the moment you appraich ut as all the same thing then you get systemic problems - and thats how the FED manipulates the monetary and finace sector.
Banking and finance is not the be all and end all of the economy. If we actually seperated the two then people will know one fron the other and hence make a choice of what they want to do with their money. But we dont have that now - how is it that if you want to "save" for your retirement, you have to "invest" it?
Makes no sense when these two things are different activities altogether like apples and oranges.
If you want to save you put your money in the bank. If you want to invest then you go to a finance firm to do that. We got everything back the front upside down and not really meaning what it means in this system. Gotta change.
Now you are talking about the value of money.
Gold and silver have alway helds its value over the long run and when it was money, you had gradual 'deflation' meaning that the value of the commodity rose in value in respect to the goods and services being produced - they got cheaper. This is why ppl 'saved' their money back in the day because you couldnt inflate the money supply and if an ounce of gold bought you a dozen eggs a loaf of bread and ciggerettes today, then you could get tge same goods 10 years later for the same or even less.
What has gov done to our money by murray rothbard
Economics in one lesson by henry hazlit
Also look up joe salerno on youtube for monetary theory
POTUS knows its rigged since he has been in business. He lived through both periods when gold and silver was money and then the break from it by Nixon.
I dont even bother looking at prices unless im going to invest or speculate which i dont and have never done. I am not wealthy but even a working class fag like me can do what the elites are doing and buy silver or gold and save.
The name of the game from now until elections 2020 when POTUS blows the system to high water is to SAVE IN CASH MONEY (KEEP IT OUT OF THE BANK) AND IF POSSIBLE SAVE PART OF YOUR MONEY IN PYSHICAL GOLD/ SILVER.
Cant see you but i know you smiled as you read that post you quoted……cos i did too kek
Interest is the price you pay for borrowing someones money, because they went a cetain time without it and at riskof losing it through default. Dont think in terms of the system we got now cos it doesnt mean that at all today. But that how interest works in a real free market economy.