By studying history, it is possible to learn how past civilizations have risen and fallen. Repeated mistakes have been made throughout time. These mistakes show us how monetary systems within societies have broken down and collapsed since money was first used.

The Past –

History can show us many things; let’s take the rise and fall of the Roman Empire. The Romans rose to power in 64 AD. by starting out on a solid financial footing. There was a sound money system in place. They started off using 100 percent solid gold and silver coins as a medium of exchange for goods and services. As time passed however, more and more social programs needed funding. More major government projects were taken on, along with more and more wars being fought…

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Sound money should be the only acceptable means of payment or credit used during these insane times when all major countries are fighting to survive with “record setting” government debts. Governments must all revert back to a sound money system to regain fiscal control over their spending habits or face losing everything.

Money – The Beginning
In the distant past, man used bartering and trading as acceptable forms of payment for goods and services. Many items traded included sea shells, salt, tobacco, herd animals, beaded belts, gem stones and gold. This worked well at the time, however there needed to be a better more convenient way to make transactions.
Coins became the first answer to make the exchange of goods and services more convenient. In 600 B.C. the first minted coins appeared, they were minted from an alloy called electrum. This was a combination of gold and silver. Each coin had a specific weight of 4.7 grams and acted as a medium of exchange, division of payment and was also capable of maintaining its value. From the time coins were first minted they gained popularity becoming the best form of money all the way into modern times.

What is Sound Money
In 400 B.C. Aristotle defined what sound money was and what characteristics were necessary to insure sound money. He said that sound money must incorporate all 7 of the following properties…

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I’m here today to share a secret that I exposed, which seems to keep missing out on the nightly news broadcasts. I don’t know why this information has not been at the center of media attention but it should have been in mainstream news several years ago.

For a quite a while now lots of attention has been given in the media regarding the higher costs of living such new state taxes, staple consumer goods, fuel etc. Also for those paying attention you will have seen and heard lot s of information in the news on increasing gold prices. Main stream media has been covering the economy saying all the while it is improving.

However all one needs to do is open their eyes and look to see that many businesses are struggling and shutting down. Is this improvement? We can listen to people telling how they don't have any savings left or money anymore. It’s only obvious the US Economy is getting worse. The value of the US Dollar which has also solely been used as the world’s reserve currency is faltering. Consequently most world currencies are failing along with it. Question: Why is all this happening? What can anyone do?...

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A sound monetary system is one in which a currency is backed by gold, at least a percentage or fixed weight of gold. This is different from the monetary system currently used in the United States and many other countries. Today, all national currencies are fiat currencies. Fiat currency is currency that has value only because of government regulation or law of which carries no intrinsic value of any kind.

At the time of the Great Depression, numerous countries went away from the gold standard since they had to pump money into their economies to stimulate growth. Having a gold standard would not allow them adequate economic flexibility. It is also true that there can actually be too much economic flexibility...

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