What Is Money?
 

Ok, this is the result of some scut work I did for myself, and I thought I'd share it.

Do you always get that :confused: 1000-mile stare look whenever things financial are discussed?

• What are the real differences between "Fiat Currency" and either gold, or commodity backed stuff?
• Fractional Reserve banking... whassat mean?
• You know you/we all are getting robbed blind, but just how are they doing it?
• When you see talking heads on TV, and you just know they're talking in circles, want to have a good handle on catching their lies?
• Want a reference against which to measure the truth of someone claiming to "fix" things? [See Part 9]

Well if you haven't heard of him yet, then have a look at the series Gary North has been writing over the last 5 weeks.

I have learned a lot from reading this man, because he is intelligent, AND plain spoken. He clearly explains how sound money policy makes things hum right, and how what we have instead has brought us to the brink. I find he's a "No BS" guy. AND he even describes what it will take to get back on track.

So here is Gary North's series, to date, and a small intro from the 1st installment, below:
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What Is Money?
By Gary North

In this series of articles, you will learn the following:
1. The experts do not know horse apples from apple butter about monetary theory.
2. Monetary theory should be an integrated part of a general economic theory of how the world works.
3. Whenever an economic theory of how the world works makes an exception for monetary theory, the proposed monetary theory is incorrect, or the general theory is incorrect, or both are incorrect.
4. Fiat money is always a form of counterfeiting.
5. Counterfeiting produces bad results for almost everyone except the counterfeiters.
6. Fractional reserve banking is legalized counterfeiting.
7. Government fiat money is counterfeit.
8. Those who trust government money will lose wealth more surely than those who do not trust it.
9. There are ways to escape bad monetary policy.
10. The worse the policy, the fewer the avenues of escape.

If you stick with me through this series of articles on monetary theory and policy, you will have a much better idea about where modern society has gone wrong. You will also have a better idea of how to protect yourself against the inevitable consequences, all of which are negative, of the government's violations of sound money principles.

It boils down to this question: If you don't know what money is, how will you obtain more of it? This is another way of saying that if you don't understand the modern violations of monetary theory, you will not understand the extent to which you are vulnerable to bad policies which are going to produce disastrous consequences, just as they have in the past.

• Part 1: What Is Money?
• Part 2: Precious Metal Coinage
• Part 3: Schizophrenic Economists
• Part 4: Bait and Switch
• Part 5: Fractional Reserve Banking
• Part 6: What Makes Money Different?
• Part 7: Gresham's Law
• Part 8: Why Gold Has No Intrinsic Value
• Part 9: Monetary Reform
• Part 10: When Money Dies
• Part 11: The Great Default
• Part 12: Why Central Banking Persists
• Part 13: Exported Inflation

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Here is a list of his articles going back almost 8 years.

Enjoy,
Fred

Re: What Is Money?
 

He wrote this piece too on national parks...

national parks

Re: What Is Money?
 

:tongue2:

Re: What Is Money?
 

A piece of paper or metal we give a meaning and importance to....

Re: What Is Money?
 

What is Money...? Money is, The "Proof" of your Labor, for goods and services...

As taxes are the stealing of your labors for protection....

It makes NO Difference what form it is in... A farmer's golden field, a baker's Loaf,
The Ability to make fuel and food out of the same field... The World's
Just all turned around... Right now...

Bankers have NO Knowledge... That's why they are bankers... For whatever you
deposit, they can lend 10 times that... And, Lawyers NEED to get a Flocking job.

It's supposed to be Common Law, Lawyer's ARE the Cause of this Mess
right now.

Trooly,


Tango

Re: What Is Money?
 

Thank-you for this thread. I will study the links. Money is important. It shouldn't be demonized...but the irresponsibility and corruption related to money is out of control...worldwide. We need to do some SERIOUS housecleaning. A lot of people need to go to prison...for a long, long time.

Re: What Is Money?
 

I remember a long time ago while under the influence of acid looking at some round metal discs in my hand and trying to comprehend that I could exchange them for some really tasty sweets I was looking at in a shop, seemed like an amazing deal to me as the discs where no good for anything. :thumb_yello:

Re: What Is Money?
 

In this world, money represents power - a means to obtain material goods that one needs and desires.

Money itself is not evil. As all things are made of energy, it is energy
and is influenced by the energy of those it passes through.

There will always be some form of energetic exchange when dealing with others.

I think we are evolving to a consciousness that will birth a form of exchange that is based on love and abundance instead of scarcity and lack.

Re: What Is Money?
 

Well said, Tango. I always love your comments, you're a wise man.

Re: What Is Money?
 

LOL



Money, get away.
Get a good job with good pay and you're okay.
Money, it's a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think I'll buy me a football team.

Money, get back.
I'm all right Jack keep your hands off of my stack.
Money, it's a hit.
Don't give me that do goody good ********.
I'm in the high-fidelity first class traveling set
And I think I need a Lear jet.

Money, it's a crime.
Share it fairly but don't take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise it's no surprise that they're
giving none away.