We can learn a great deal about our current monetary system and where it is headed simply by studying monetary history from the past. By doing so, we unlock the truth as to where currencies have repeatedly failed throughout time and why.

What has happened in the past throughout various societies? It’s common in every culture once an established monetary system is set in place, to start deficit spending. Once this spending occurs, countries begin to enter into larger and larger wars. At some point a country will grow up from a small country into a great empire such as the Greek or Roman Empires of the past. As these great societies engage in larger wars more money is needed to finance these wars. From this point government becomes too big and the wars being fought only compound the stresses that hold up the entire financial system…

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All of the gold held by central banks throughout the west, originally, was owned by the people. Slowly this gold has been siphoned away from the people by the central bankers through inflation. However now, even these giant banks in the west are losing their gold as it slowly is being transferred to the east.

The gold stored in these central banks was at one time used to back all western currencies. However the sole purpose for gold being held in western banks today is for repayment of debt. History shows us that approximately every 30 to 40 years the world creates a new monetary system. Previous monetary systems continually have failed due to poor fiscal policy, planning and manipulations. Before WWI most countries kept a specific amount of gold in their treasuries. The treasuries would then issue out currency notes into circulation in amounts that equaled the equivalent value of…

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The US dollar being the world’s reserve currency where other central banks have taken comfort for decades, now is fundamentally broke. The world’s reserve currency is now broke because of the accumulated American debt that can no longer be controlled.

These days the politicians elected into government and tasked with responsible policy making, don't have the political will do right thing. They refuse to turn things around, to stop the slow train wreck that's approaching. Some believe this slow train wreck will arrive sometime around 2015. This train has been built upon the tracks of circumstance, with decisions that were created re-actively, thus now it's running out of control…

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The whole world is falling apart; it’s not just in America or Europe, but all over the world. Thanks to central bankers and their monetary policies the whole world is being drugged. That drug is a powerful hallucinogen putting everyone into a dreamlike state. The crazy thing is that everyone is dreaming the same dream. All the people around the world dream about fiat money.

Fiat money makes people believe that there is more wealth available today than their actually is. This in effect makes for spending that is not prudent. The reality is that the true amount of wealth perceived by the masses is not truly available. This being said great mistakes are going to be made. There will also be a serious amount of pain coming from all this as a result. The whole world is sinking into a great abyss of worthless paper money…

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Currency has been around in various paper forms throughout societies for generations. People use it every day. But how many people really know what the difference is between paper currency and money?

Currency has been defined as a circulating medium of exchange, used as an intermediary in trade to avoid the use of a barter system. The benefits and usefulness of currencies include; being a unit of account, or standard measurement of value. Other key factors include; durability, divisibility, ease of transportation and being …

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The current monetary system that’s in place is corruptly managed by the greed, power and deception of the world banks and those who run them. Weekly news comes out of illegal bank practices and fraud, its mainstream news anymore. A quick example would be the latest scandal involving LIBOR. It is apparent today that the more reliable an institution is, the bigger the fraud. Libor was the benchmark for loans into the trillions of dollars, for decades.

Libor’s assets are believed to have been connected to transactions globally in the forms of personal, small business and mortgage loans in excess of $500 trillion dollars. Libor was key in the setting of global interest rates. To date the Libor scandal could be the biggest of its kind in history...

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Currently every country in Europe with little exception is burning. Don’t be mistaken, the United States is not far off from this internal flame either. It is going to take some type of large scale Central Banking coordinated event to trigger the large scale money-printing that will ultimately need to happen.

Money printing from the world’s central banks will all need to come together as one, to prevent the major economies of the world from imploding. Events such as high unemployment world-wide could be a trigger to set off the printing presses…

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Recent events have occurred that put at risk the existence of the US dollar and all other fiat currencies. There are two main gold depositories in the world that hold or have held most of the world’s bullion for the countries that don’t hold their own. They are the Bank of England and the Federal Reserve Bank of New York.

The first event occurred in early 2011 when Venezuela’s President Hugo Chavez announced that Venezuela was taking back all the country’s gold bullion held at the Bank of England. While announcing this, construction was already underway to construct vaults at home for storing Venezuela’s 200 plus tons of bullion…

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The United States could very well be on the path towards a deflationary collapse, far worse than America experienced during the Great Depression in the 1930’s. However arguably, the likely outcome is going to be even worse. The US is currently on the rails and headed right for hyperinflation and the destruction of the dollar. Overwhelming evidence has been abundant, America has known for a long time this problem exists. Yet the US Government and Federal Reserve have yet to come up with any viable solutions to fix it.

All current indications are pointing to Hyperinflation in the United States, and destruction of the dollar sometime within…

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Real money also referred to as “sound money” is made up of hard assets such as gold and silver. This form of sound money starts in the ground where it is first dug up. Then it goes through processing and refinement and finally it becomes money once the refined gold or silver has been minted into coins by a government treasury. However in this day and age it is not sound money that circulates globally within each country it is another form of money known as “fiat currency”. All fiat currencies are the same but how…

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Would the world be a better place if it were able to share the same currency? Would it benefit the masses? Honestly, that answer has to be no. The chances of the entire world using the same currency will never have a chance to exist, let’s understand why.

The utmost important factor in argument against sharing a world-wide common monetary unit regardless what that monetary unit might be called, hinges upon one common and certain fact. The loss of each country’s ability to wage war. To begin, all countries would have to be losing their economies at the same time. And from this point forward if a common currency were put into place, each country would lose the ability to create war upon another nation…

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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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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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Theirs two schools of thought as to why gold has been rising and catching the interest of hedge funds and investors alike. Interest rates that have been at negative levels. As well as gold that maintains its true value over fiat currency. The faster fiat currency is produced (i.e. US. Dollars, Euros, British Pounds and Japanese Yen etc) the faster and deeper deflation will set in.

Were now living in unstable faltering times which are unprecedented. The uprisings and unrest in Greece over currency devaluation has motivated and created fear. It’s expected that people will turn towards the one item which has stood the test of time, not only to increase their wealth but also to protect it…

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In the earliest of times trading and bartering were used in the exchange of goods and services. The trading of such items as herd animals, sea shells, salt, tobacco, gold, gemstones and other similar items were commonly used by man before actual currency was invented.

Currency – The Beginning

The first currency ever used, was in coin form and dates back to 600 B.C. by then King Croesus of Lydia in Asia Minor. At that time Lydia was located in what is now present day Turkey. These coins were minted from a naturally occurring alloy of gold and silver called electrum. And each coin had a specific weight of 4.7 grams. These coins functioned as a medium of exchange, unit of payment and were capable of preserving value...

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The economic conditions in Europe are becoming worse as the weeks move on. In all, there’s at least a fifty percent stake involving US banks that are exposed to some degree with European debt problems within the Euro-zone. Furthermore, it is the US dollar that still remains the world’s reserve currency. And the Federal Reserve, whose status remains none other than the “lender of last resort” thus, making it very hazardous for the US taxpayers.

The huge US Government bailout program from 2008 only helped the large banks, auto industry and giant institutions such as AIG and several foreign central banks from going under. Because they were all deemed “to big to fail” at the end of the day however, nothing was solved and the bailouts amounted to nothing. These mega banks and companies only lined their own greedy corporate pockets and left the American taxpayers holding the bag...

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