Like many others, I was educated in the US public school system. It seems however, one very important subject had never purposely been taught in our schools. That subject being the history of money and attainment of wealth.
The biggest reason public educators never approached this subject was that monetary history was taught privately and only to the elite one percent of the world’s society. Meaning only the ultra rich were privy to this closely guarded information. The other 99% of us were basically “shit out of luck”. Monetary history and wealth generation were spoon fed to the elite one percent. Once they entered society they used this valuable information strictly to their advantage, allowing them to earn 90% of the total wealth generated on the planet…

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There are two schools of thought as to why gold has been rising and catching the interest of hedge funds and investors alike. First, interest rates that have been at negative levels. Secondly, gold that maintains its true value over fiat currency. The faster fiat currency is produced, i.e. US dollars, euros, British pounds or the Japanese yen, the faster and deeper deflation will set in.

We are currently living in very unstable, faltering, unprecedented times. The continuous uprisings and unrest in Greece over currency devaluation have motivated and created fear. It’s expected that people will again turn towards the one thing that has stood the test of time, an element, which will not only to increase their wealth but also to protect it.

Analysts suggest a state of deflation which will cause a double dip recession to form within the months to come…

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America has had a history of fiat currencies dating back as far as the American Revolution. Even before America’s colonists won their independence from the British. It was in 1775 that the Continental Congress attempted creating its first fiat currency, the Continental.

During the early days of the Revolutionary War the American colonists were having serious trouble financing the revolution. Efforts to acquire additional money from England were slow at best. Furthermore the Continental Congress was forbidden to directly tax the colonists for war funding efforts. A solution for this immediate problem was finally created. The answer was to issue paper currency or bills of credit. This new money was called “Continental Currency” nicknamed Continentals, which became America’s first attempt at the use of fiat currency in the new America. At the time there were many congressmen who realized that over issuing paper currency was just a hidden form of taxation…

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For decades now, the world has been partying wildly, while drinking from the proverbial punch bowl of good times. Ever since the gold window was closed by President Nixon in 1971 governments have increasingly relied upon deficit spending and avoided any real attempts to pay it back. As the saying goes “sooner or later you have to pay the piper”. Sadly, the only forms of payment that have ever been paid towards all of these national debts, has been with fiat currency. In essence, more borrowed money.

The politicians want your votes and they want to keep their cushy jobs full of perks for an eternity. The only way they can guarantee their own job security is to promise the populous everything and constantly go on a deficit spending spree to pay for it. If you’re happy, they remain in their cushy jobs and the cycle just keeps repeating each election year. The Fed is obligated to the politicians; they insure an unlimited supply of fiat currency is available for the politicians to fund all the government programs and handouts…

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