slaves to worthless paper money

[whitenight639]

just reading about money on wikipedia thought id share it with you, its interesting the way its been written...

Vending machines and banknotes

People are not the only economic actors who are required to accept banknotes. In the late twentieth century machines were designed to recognize banknotes of the smaller values long after they were designed to recognize coins distinct from slugs; it is inflation that has made such machines inescapable. The existing infrastructure of such machines presents one of the difficulties in changing the design of these banknotes to make them less counterfeitable, that is, by adding additional features so easily discernable by people that they would immediately reject banknotes of inferior quality, for every machine in the country would have to be updated.

actors ay? not people, not humans not infinite love.

A common misconception is that a bank note that is inconvertible is necessarily unbacked (so-called "fiat money"). Most of the confusion centers around the failure to distinguish between two types of convertibility:

1. Physical convertibility, where a unit of currency (a dollar) can be exchanged at the issuing bank for a given physical amount of something, and
2. Financial convertibility, where a dollar can be exchanged at the issuing bank for a dollar's worth of the bank's assets.

The importance of financial convertibility can be seen by imagining that people in a community one day find themselves with more paper currency than they wish to hold — for example, when the main shopping season has ended. If the paper currency is physically convertible (for one ounce of silver, let us suppose), people will return the unwanted paper currency to the bank in exchange for silver, but the bank could head off this demand for silver by selling some of its own bonds to the public in exchange for its own paper currency. For example, if the community has 100 units of unwanted paper money, and if people intend to redeem the unwanted 100 units for silver at the bank, the bank could simply sell 100 units worth of bonds or other assets in exchange for 100 units of its own paper currency. This will soak up the unwanted paper and head off people's desire to redeem the 100 units for silver.

Thus, by conducting this type of open market operation — selling bonds when there is excess currency and buying bonds when there is too little — the bank can maintain the value of the paper currency at one ounce of silver without ever redeeming any paper currency for silver. In fact, this is essentially what all modern central banks do, and the fact that their currencies might be physically inconvertible is made irrelevant by the maintenance of financial convertibility. Note that financial convertibility cannot be maintained unless the bank has sufficient assets to back the currency it has issued. Thus, it is an illusion that any physically inconvertible currency is necessarily also unbacked.

Banknote - Wikipedia, the free encyclopedia
Counterfeit - Wikipedia, the free encyclopedia

thoughts on a postcard to...

[Anders Lindman]

At the top of the monetary pyramid there exists zillions and zillions of dollars while ordinary people have to, in most cases, struggle till our asses fall off in order to "make a living", and many, many people live in even worse conditions in severe poverty. Not only that; the three top industries feeding this greedy monetary capstone are: weapons/military, oil and illegal drugs. Clearly the monetary system is dysfunctional. An altogether - at least from an overall perspective - nasty affair.

[spiritualone]

My quote of the day:

"Money cant buy you happiness, but happiness can buy you money". Think LOA. There is a difference to obtaining money via deception and by positive affermation. It is not the money that is intrinsically evil, but the motivation behind the receiver.

[Anders Lindman]

"Money cant buy you happiness, but happiness can buy you money"

There is a catch 22 in this, alas. Subconsciously we have the belief that without money we can't be happy (that's a deep, deep social conditioning). And if we don't have what we feel is enough money to make us feel secure and happy, then it's not likely we can override the subconscious belief that we FIRST need money and only then can be happy.

[Anders Lindman]

We are a part of the monetary system, not separate from it. On a subconscious level we already know this, and we also know, at least on the subconscious level, that destroying the monetary system would be like shooting ourselves in the foot. By this deep-rooted subconscious program in people, the monetary system keeps itself protected.

We could say that the monetary system has us... And that's why, figuratively speaking, we shapeshift into reptiles as soon we begin to think about securing our own private money, because the monetary system is like a social reptile brain and we enter that mode of behaviour when thinking about our own personal money.

[spiritualone]

Money is an extension of our 3rd dimensional physical (dense) reality. One can embrace all parts of the experience in this reality. To shun the notion of money as something that is controlling is to give up part of the experience in the third dimensional existance. Money is a tool that can be used effectively or one that can be misused or used as service to self (as in separation, violating the free will of another). In order to be at peace with anything, one has to be truely happy. If everything is an illusion, then you can change your consciousness (point of view) and it can become a different illusion. If you dont like the illusion you currently experience, then you can manifest a different experience in your subconscious and the conscious experience will follow. Once you have it clear in your mind what it is you want, meditate on the stillness within, visualising your new experience in its fullness.

[amadeus]

So there's probably an inflation coming in a few years. So it's recommended you invest in silver or gold. Does anybody have experience in this field? I mean should you go silver or gold, what kind of coins should you invest in , what's the best way of backing up your possessions?

Any advice appreciated.

[Anders Lindman]

So there's probably an inflation coming in a few years. So it's recommended you invest in silver or gold. Does anybody have experience in this field? I mean should you go silver or gold, what kind of coins should you invest in , what's the best way of backing up your possessions?

Any advice appreciated.

Probably those who really have the true knowledge of how to invest money keep that knowledge to themselves. Stockmarkets, the gold market etc are very likely controlled from above. Even things like the price of gold is determined not by its actual value, but is set according to the dictates of the power elite I would guess.

I suspect that there are two levels of financial knowledge; (a) a hidden layer of knowledge known to only a few, and (b) the public layer of knowledge as being presented in universities, the Wall Street Journal etc. Only type (a) knowledge is real knowledge. Type (b) knowledge is speculation at best, and manipulation at worst. :mad:

[whitenight639]

So there's probably an inflation coming in a few years. So it's recommended you invest in silver or gold. Does anybody have experience in this field? I mean should you go silver or gold, what kind of coins should you invest in , what's the best way of backing up your possessions?

Any advice appreciated.

iv posted this somewhere before but ill let you know, the bank of england only have 300 and somthing tones of gold, that sounds like alot but its worth a fraction of the GDP for the UK so they have 'diversified' there portfolio so what there basing our paper money / economy is unknown but id gues diamonds and silver.. research it, i found this in a pdf on the bank of england website straight from google.

[freespark]

iv posted this somewhere before but ill let you know, the bank of england only have 300 and somthing tones of gold, that sounds like alot but its worth a fraction of the GDP for the UK so they have 'diversified' there portfolio so what there basing our paper money / economy is unknown but id gues diamonds and silver.. research it, i found this in a pdf on the bank of england website straight from google.

The Fiat Money System - Dr. Bill Veith in studio w/ Alex Jones
http://video.google.com/videoplay?docid=-6441762576271629374

PART 2
The Biggest Swindle in History!

http://www.newswithviews.com/Yates/steven13.htm

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered… I believe that banking institutions are more dangerous to our liberties than standing armies..." --Thomas Jefferson

The best account of the "banksters," as one might call them, is still G. Edward Griffin’s The Creature From Jekyll Island. Another useful item is downloadable from the Internet under the title I Want the World Plus 5%. Although Griffin’s main focus is the Federal Reserve system, he offers a compelling account of how the invention of fractional reserve banking empowered men whose subsequent influence usually went unmentioned in standard histories.

Early goldsmiths—the first bankers—stored precious metals for customers for a fee, and issued their customers a certificate. This made perfect sense; a certificate was much easier to carry around than a bag of gold. These certificates became the first currency. The bankers then noticed that few customers ever withdrew all their gold at once; actual withdrawals never exceeded around ten percent. They realized they could use certificates to issue loans as well as store coins. Griffin explains, "They said it was a pity for all that coin to just sit idle in their vaults. Why not lend it out and earn a profit which then could be split between themselves and their depositors? Put it to work, instead of merely gathering dust" (Creature, p. 165). It seemed safe to write certificates loaning out 80 or 90 percent, and charging the loan’s recipients’ a fee: what became known as interest.

What had happened? The early bankers had discovered how to create "money" out of thin air. They became the first "banksters."

To make this clearer, let’s illustrate. Suppose we’re playing poker at Paul’s house, with Paul acting as banker. There are seven of us, and we’ve each given Paul $20 for 20 poker chips. So Paul’s cash box contains $140. Any of us can leave the game any time we want, and exchange each of our poker chips for a dollar. We’re enjoying the game, so no one leaves. The $140 remains in the box. The poker chips are functioning as backed currency for the purposes of the game. It is being held in escrow, one might say.

.................continued in link above.