You may remember me saying "all we need to do is go back to the gold standard and everything else will take care of itself." Then I inevitably get asked to explain my position. Please bear with me. I promise not to bore you with bullshit. There is a difference between money and currency. Money has tangible value and is a store of wealth while a currency is merely a token representing value. ##Currency Think of poker chips. Poker chips have no intrinsic value in themselves. Value is represented by them at a specific casino. Poker chips at one casino have no value at any other casino. Federal reserve notes are the same as poker chips. That is, the notes have no intrinsic value in themselves. The casino, you know as the Federal Reserve, uses these notes in the same way other casinos use poker chips. In finance, this concept is known as a derivative. A derivative derives value on underlying assets. Therefore, poker chips are derivatives of derivatives. Actually, they are derivatives of derivatives of derivatives. At the end, there is no actual value or assets. Any value you perceive is an illusion (by design). ##Money Money has value, it is a store of wealth. Examples of money are gold, silver and other tangible assets like minerals and elements, as in the periodic chart. The important thing to know is money exists and is tangible. Money can be used for other purposes besides exchanging value. Gold, for example is used in electronics, jewelry and various other industries. So besides having value as a store of wealth, it has industrial uses. Often, money acts both as a currency and money. The point is, fiat currency or Federal Reserve notes is not money. Fiat currency is not useful to store wealth. It is adequate for transacting businesses, however. ##Why we have currency Why do we have currency? Because it's more convenient and safer to carry tokens rather than the asset itself. Tokens can be broken down into smaller pieces than the tangible asset. You can trade your labor for a common token, later trade your token for someone else's labor. This is much more convenient than trying to trade tangible goods for your labor and then finding someone who needs a good you have and trading that for their labor. ##Fiat The idea of fiat currency is a token that has no intrinsic value. An abstract entity like a government, that we have faith in, decrees that their currency has value. The value is our trust in the entity that issues the currency. [Typically a fiat currency lasts about 27 years](https://www.dinardirham.com/the-rise-and-fall-of-fiat-currencies/). That doesn't speak well of fiat currencies. Consider, we've managed to stretch out over 100 years for the federal reserve note. The biggest problem with fiat currency is inflation. People are so comfortable and used to it, few notice it and in fact, think inflation is good! You can thank [British economist John Maynard Keynes](https://www.investopedia.com/terms/k/keynesianeconomics.asp) for this fucked up idea. The idea of government spending is loved by bureaucrats because it justifies stealing wealth from taxpayers. Again, this idea has been around so long, people are comfortable and used to it. Our perspective of fiat currency is backwards. We are so conditioned to use fiat currency our perspective is skewed such that everything moves up and down relatively to the currency we're used to. You hear, the price of gold is going up. Bitcoin is going up. Oil is going up, etc. The truth is, our fiat currency is losing value, it's going down relative to tangible assets. You never hear, "the price of ... is going down." Ok, oil does go down on occasion. But that commodity is being manipulated. The kleptocracy then charges you taxes for making profits on currency losses! Correct. The price of gold goes up due to USD currency losses and the IRS causes you to pay capital gains! Think about that for a minute. Tell me fiat isn't a complete scam. ##Collapse Today, we are on the trailing edge of a fiat collapse. Note I didn't say dollar collapse or federal reserve collapse. This is because the families controlling fiat currencies all over the world managed to coordinate their control except for North Korea. Central banks were able to keep all their currencies relatively stable by controlling exchange rates among different countries. They did this by manipulating currency exchanges. Sometimes they couldn't stop some currencies from collapsing. Now, however, nearly all currencies have become so devalued, they can't stop the hyperinflation now occurring across the globe. ##Theft Our labor is taken by inflation (theft). Currently there is no borrowing, only currency creation. Of course, people are used to inflation, that's all anyone has ever known. People talk about the price of gold going up. The reality is, currency values are going down. Anyone who keeps cash is [losing at least 6.2% each year. ](https://fullstackeconomics.com/no-the-real-inflation-rate-isnt-14-percent/) That's 62% over 10 years. The federal reserve note has debased over 97% since 1913. In order to keep the illusion alive, gold fixing has been manipulated so gold prices don't reflect reality and show how skewed fiat is compared to gold. They had to start trading bitcoin contracts to prevent bitcoin from showing how bad fiat currency really is. All fiat is good for today is transactions. The kleptocracy wants to replace cash with a new currency they can prevent hoarding. Cash has no interest component, so they can't reduce interest rates below zero. They must do this to allow the kleptocracy to function. If currency was asset backed, no country's government could operate fiscally the way they do today. They would not be able to pay the interest on their debt. The reason [Nixon took us off the gold standard in 1971](https://www.startpage.com/sp/search?query=nixon+off+gold+standard) was because we didn't have enough gold to pay our debts. ##Cryptocurrency It's important to understand our whole financial industry is a ponzi scheme and a casino. Nearly everything about it is fraudulent. I understand crypto currency has many decipples touting its virtues but I want to make one thing crystal clear: all cryptocurrencies are being used by criminals (bankers, governments, hedge funds) to steal wealth. The technology itself isn't a problem as much as the the coins themselves. One fraudulent cryptocurrency is being used to fund other cryptocurrencies as well as bitcoin to steal crypto currencies and fiat. I don't have time to list all the scams, but it's amazing the depth of the fraud going on. Just imagine using one fraudulent crypto to buy another and finally to exchange back to USD. Stay. the. Fuck. Away. The pump and dump scheme is just one example, of many of the financial frauds going on. ##The pending collapse Essentially all fiat currencies are at the trailing edge of collapse. This is a feature. In order to manage the collapse so the criminals can offer a solution to the theft they are doing, they had to create central banks. [Meet the BIS (Bank of International Settlements).](https://americandigitalnews.com/index.php/2019/02/23/rothschild-pyramid-how-it-controls-the-worlds-financial-system/) This is the giant vampire squid with its gigantic tentacles wrapped over the face of humanity relentlessly jamming its blood funnel into anything that smells like money. Its job is to coordinate sucking all the wealth out of us deplorables at the same time so we have nowhere to go. The vampire squid is doing a good job. Now that the vampire squid has sucked most of the tangible wealth from us, the kleptocracy needs new inventive ways to steal from us. Climate change seems to be on the menu. ##Communism, socialism and capitalism People love blaming communism, socialism and capitalism for all our ills. People forget or don't realize that behind all these systems are real people. The systems are tools, procedures and definitions. I'm a software engineer by training and I see this tendency in my industry: everyone blames the software and/or the hardware everytime the system behaves in a bad way so as to deflect blame to something other than themselves. The same is true with government. The fact is, there are evil criminals causing theft. The kleptocracy hides behind the moniker of capitalism and incompetence to hide their own misfeasance and malfeasance. If the public ever woke up and thought about public officials as being responsible for the problems they cause, every last one would be in prison. ##Premise Why switching back to an asset backed currency will solve most of our problems. Given that the central banks can create currency out of nothing, this allows theft of all our labor and value. Governments can go to war and tyrannize all they want without asking for taxpayer assistance because they don't need our permission to finance wars and tyranny. In the past, government had to go to the taxpayer and ask for our wealth. Today, they steal it. Yes, it's that simple. Notice that governments no longer announce wars. It's simply because they don't need us anymore. They don't need us because banks allow governments to bypass us. The only reason we pay taxes is to keep us poor. Oh, and to social engineer. Once currency is backed by real assets, governments can not just skim a few dollars per year from taxpayers using inflation or currency printing. Instead, they will need permission from taxpayers to do their dirty deeds. This is exactly what world governments do not want. All of a sudden, over spending will cause real problems. Black operations will become severely limited. Governments will become much more accountable. The solution may be simple, executing it... ##Advice Convert any excess balances you have in tokens (ie. fiat currency, crypto, etc.) into tangible goods, real estate, guns, ammo or real money. ##Thank you Thank you for being patient with my explanation. Please feel free to point out errors, omissions or differences of opinion. By the way, you have my permission to copy and paste any portion of this you want with no attribution required. I spread ideas and I don't own them.