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 majority of the world is in dire financial straits; economies cannot get a grip on their expanding debt and are using deficit spending to no end. The entire system is un-sustainable and economies are going to collapse. At this point in time surely before the end of this decade if not sooner, the greatest wealth transfer in history will take place. That also means the greatest time for opportunity, is to react now.

Obtaining physical gold and silver and keeping it outside of the banking systems, becomes the greatest form of wealth protection for your assets. Assuring you against either a deflationary collapse or hyperinflationary destruction of paper currency. These precious metals are absolutely vital to your financial survival. Below are several facts necessary to understand first, so you will know why precious metals are still very much undervalued…

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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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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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