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The illusion that is the debt/credit system
29 Nov 2022
Fiat money is currency that is not backed by anything such as physical gold, silver, platinum or some other precious metals.
It is produced out of thin air by the corrupt Central banks and loaned to governments at face value + interest. You don't have to be a mathematician to realise this type of system is not sustainable over time. The only thing that gives fiat currency any value, is the amount of it in circulation.
Over the centuries, of the 599 previous fiat currencies ever produced, every single one of them, bar none, has eventually failed. The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month.
Of the 599 failed paper currencies, researchers found:
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The $50 note…
~ Anonymous
Fiat money is currency that is not backed by anything such as physical gold, silver, platinum or some other precious metals.
It is produced out of thin air by the corrupt Central banks and loaned to governments at face value + interest. You don't have to be a mathematician to realise this type of system is not sustainable over time. The only thing that gives fiat currency any value, is the amount of it in circulation.
Over the centuries, of the 599 previous fiat currencies ever produced, every single one of them, bar none, has eventually failed. The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month.
Of the 599 failed paper currencies, researchers found:
- 30 percent, or 184, ended with monetary unions, dissolution or other reforms, like the creation of the euro in 1999
- 15 percent, or 94, ended via acts of independence (such as former colonial states gaining their independence and renaming or issuing new currency)
- 27 percent, or 156, were devastated by hyper-inflation caused by over-issuance of paper money by governments and central banks (sound familiar?); and
- 28 percent, or 165, were destroyed by war -- deemed invalid through military occupation and/or liberation (think Confederate dollars).
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The $50 note…
It's a slow day in a small country village and the streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.
A tourist visiting the area drives through the village, stops at the hotel, and lays a $50 pound note on the desk saying he wants to inspect the rooms upstairs to pick one for the night.
As soon as he walks upstairs, the hotel owner grabs the note and runs next door to pay his debt to the butcher.
(now... pay attention)
The butcher takes the $50 and runs down the street to repay his debt to the pig farmer. The pig farmer takes the $50 and heads off to pay his bill to his feed supplier.
The guy at the supplier takes the $50 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
Now, the hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $50 back on the counter so the traveller will not suspect anything.
At that moment the traveller comes back down the stairs, stating that the rooms are not satisfactory, picks up the $50 note and leaves.
No one produced anything and no one earned anything!
However... the whole village now thinks that they are out of debt and there is a false atmosphere of optimism and glee.
And that, my friends, is how the fiat currency system works!
A tourist visiting the area drives through the village, stops at the hotel, and lays a $50 pound note on the desk saying he wants to inspect the rooms upstairs to pick one for the night.
As soon as he walks upstairs, the hotel owner grabs the note and runs next door to pay his debt to the butcher.
(now... pay attention)
The butcher takes the $50 and runs down the street to repay his debt to the pig farmer. The pig farmer takes the $50 and heads off to pay his bill to his feed supplier.
The guy at the supplier takes the $50 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
Now, the hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $50 back on the counter so the traveller will not suspect anything.
At that moment the traveller comes back down the stairs, stating that the rooms are not satisfactory, picks up the $50 note and leaves.
No one produced anything and no one earned anything!
However... the whole village now thinks that they are out of debt and there is a false atmosphere of optimism and glee.
And that, my friends, is how the fiat currency system works!