It sounds unfair, nevertheless the FDIC does give preferential treatment to those companies going without shoes knows can be close the offer without exclusion. The government is interested in getting these notes off the books the soonest possible time and with as little hassle as possible. The best way to achieve that is to cure professionals compared to amateurs.
But this ‘crime of 1873’. last year that Silver was demonetized. was never the 1st blow for the Gold Standard, the initial blow delivered against honest money. The original blow came early, before a Gold Standard was even fully founded. The first blow was a legally sanctioned violation of greenbacks ownership; an infringement of property rights.
SO, how can ‘debt money’ operate in our current world? Very simple; the Fed various other central bank issues ‘notes’ called Dollar bills, or Euros. along with the bank notes represent a liability on the bank’s books, just as my sugar IOU is my liability. When we ‘pay’ a debt with Dollar bills, another bank note, we are not repaying or extinguishing the debt, merely shuffling the Fed’s IOU’s to another folk. Debt is not extinguished, merely transferred.
Buy undetectable counterfeit money So where are we today? Cancer of property rights invasion that first disturbed the inherent stability of an unadulterated Gold standard, a Gold standard where property rights and contract law are sacrosanct, is metastizing.
The ‘furniture’ you popularized the warehouse for safekeeping was not returned for you when the warehouse went bankrupt. but given to creditors, utilizing the warehouse itself. The creditor in this particular atrocity was regarded as. surprise. a ‘too big to fail’ bank, namely J.P Morgan.
The industry decline along with the bank bail out are indicators that the life expectancy of our present currency is in danger. I don’t mean until this is the end of the world, just no more our dollars as recommend that mainly it. Real goods, buildings, farms, tangible items will still have value. How you pay correctly will flip. History has demonstrated that at any time a “currency” system declines it is replaced with a system based solid assets such as gold, silver or other hard home.
Over quite a number years of human commerce and trade, gold has proven staying the best form cash for doors numbers folks. And it is definitely the worst enemy of governments that wish to grow unlawfully and employ their citizens as causes of income.
