The Evils of Paper Money and Fiat Currency

[ratoncillopaisa1986]

Listen up all you people of Venezuela and all you people of Argentina and also all you people around the world dealing with financial problems. No one else is at fault for your financial troubles and your financial collapse but you individually. Paper money and fiat currency always leads a nation to ruin and financial collapse, and it is everyone’s acceptance of paper money and fiat currency that keeps it circulating. If everyone right now stopped accepting paper money and fiat currency as money, and exchanged it all for food and drinking water and necessities and property and gold and silver, it would stop circulating, and everyone would retain value in the possessions they have now materialized into something true and tangible. And can continue using their commodities and gold and silver to continue buying and selling, without any loss in value and without the damage of inflation. The value of paper money and fiat currency is merely an illusion and has not intrinsic value and a bill imprinted with a $1 is intrinsically no different than a bill imprinted with a $100, so the governments and central banks of the world take advantage of this lack of intrinsic value and deliberately issue this form of money, to then slowly devalue it without people taking much notice, to then slowly cause inflation of prices, to then slowly cause people to need to acquire debt to pay for everything as prices becomes absurdly expensive. The banks slowly become the owners of everything through debt. It is the greatest ponzi scheme of theft the world has ever seen, and every government and central bank on the earth is in on it. Around 100 years ago or even 50 years ago it was easy for someone with minimum wage to pay for their house with only just a few years of work, whereas today it takes someone at minimum wage around 20 or 30 years to pay for their house entirely. This is the overall damage of inflation caused by paper money and fiat currency, which has impoverished the entire world, making it difficult to buy things especially without debt. It was common for our grandparents and great grandparents to own their properties outright without mortgages, but today with the younger generation it is now common for them to rent and have roommates, or live with their parents, or semi own a house with a mortgage debt against it. It’s because everything now is more expensive, as a result of paper money and fiat currency. It is the root of all evil. Before its inception around 100 years ago, money was gold and silver, for thousands of years, since the beginning of creation. Gold and silver is good money, because it is rare enough to be valuable, but common enough to be money. And because its value is based on its weight, its value is true and not an illusion like it is with paper money and fiat currency, and 1 ozt of gold is truly less than 100 ozt of gold. Its true value then causes stability of prices in a society, and a house purchased at 10 ozt of gold can be expected to cost the same 100 years later. That is not the case with paper money and fiat currency. Around 100 years ago 1 ozt of gold was around $21 USD and now today in December 2023 it is around $2,062 USD. This is a massive devaluation of fiat currency. And other currencies of the world exhibit more tremendous devaluations, like for example the Colombian peso, COP. Around 100 years ago 1 ozt of gold was around $21 COP, now it is around $7,998,863 COP. This is a more massive devaluation of fiat currency. It’s not that the value of gold has gone up, because 1 ozt of gold today is the same 1 ozt of gold tomorrow, its that the value of paper money and fiat currency has gown down astronomically, and buys less and less over time. It is a modern day debasement of money, which in former times the Romans did by reducing the silver percent of their denarius. But the mere paper and mere numbers that humanity buys and sells with today is a worse debasement of money. Although the banks try to control inflation and keep it low so people do not notice that they are slowly being robbed, it eventually backfires and destabilizes, and enters a state of hyperinflation. It is like a bubble, that keeps rising and rising, until it bursts. Somewhere something cracks, and causes it to burst and collapse. And it all collapses like a domino effect. Which thing brings ruin to a nation. Money is like an artery to a nation. But when the money itself collapses, the nation also collapses. People cannot buy nor sell. Workers cannot work. Markets become empty. Famine comes and people go hungry. Public services become interrupted. People begin stealing and looting. Everything just collapses. Venezuela is just an example of what happens when hyperinflation comes. And Argentina is following in its footsteps. And many other hyperinflations have happened in other nations of the world in the past, always bringing ruin to a nation. And its going to happen to all nations of the world, to fulfill what is written by the prophets. Ezekiel prophesied, “they will cast their silver into the streets, and their gold will become an unclean thing, and their silver and gold will not able to deliver them in the day of the wrath of the Master”. Ezekiel 7:19. Back then money was gold and silver. So he wasn’t telling us that people today would literally be throwing their gold and silver on the streets, but that they would be throwing their paper money on the streets, because it has become worthless. This has already happened in Venezuela and will happen again to the entire world when all fiat currencies enter a state of hyperinflation. And then will be fulfilled the words of John in the book of Revelation, “the merchants of the earth weep and mourn for her, because no one buys their merchandise anymore”. Revelation 18:11. The final collapse of the global financial system will happen because of the destruction of Vatican City, who clandestinely is the true prostitute of Babylon of Revelation. Her destruction will cause all fiat currencies in the world to enter a state of hyperinflation, because all central banks of the world that issue paper money and fiat currency to all humanity trace back to one bank, the Vatican Bank, in Vatican City, in Rome. And because of all these reasons is why paper money and fiat currency is the true mark of the beast of Revelation, cursing anyone who accepts it as money. The only way to lift the curse and figuratively remove the mark of the beast is by getting rid of all paper money and fiat currency and renouncing it once and for all. It is a true test of belief and obedience in our time. And because this evil form of money that impoverishes the entire world only circulates by the mutual consent and approval of everyone that accepts it as money is why everyone who accepts it as money deserves to be punished because of it. So again I say, do not blame others for your financial troubles and financial collapse, blame yourself, because you bring ruin upon yourself by continually accepting this form of money to buy and sell. The following are quotes from the founding fathers of the US and past philosophers that also taught about the evils of paper money and fiat currency. It’s not just a matter of religion, its also a matter of common sense, that any money that has no true intrinsic value will eventually lead a nation to collapse. Paper money and fiat currency is just not good for you and for any nation, and eventually brings severe harm and famine and death.

 

[miamited]

Hi ratoncillopaisa1986

I confess I only skimmed your work here because you didn't write it to me according to the people for whose attention you requested. But I'm just going pretty much by the question implied in the title. Really? Isn't it a bit late for that? I mean the world has been using paper money and currency since before Jesus walked among us. Seems to me if it were such a big deal he'd have mentioned it.

Look, for believers they have to act responsibly with their finances. Just as anyone did in Jesus' day and Jesus did not condemn anyone for it. Men have worked for money in the Scriptures since forever. For any man, of course, he should be working unless there is really some physical reason that he can't which would be another thread. God never spoke against money other than to say the love of it is the root of all evil. Yet God asks for our tithes and offerings. How can money itself be such a wicked thing if God asks us to share it among one another. To tithe as they did with Paul sending the tithes to the widowed and fatherless. No fiat currency is not in itself wicked. The wickedness is in using it for all your own purposes and setting it up as a god before God. Not appreciating and thanking Him for it.

And the reason that Jesus got mad at the money changers wasn't that they were using money. Jesus had been walking through Israel for 3 years, you think he hadn't yet seen a shop where money was traded for goods? No, Jesus threw out the money changers because they were cheating people "FOR IT" in his Father's house. The house of praise for all that God has done. These people were making a profit off of their own brothers for the opportunity to praise God. Yeah! That ticked Jesus off.

Brother, money is not evil. How one uses it, can be evil to fulfill evil. Purposes of pride and arrogance being what someone seeks would be an evil use. But I do faithfully believe that God can still be tested as He allowed Himself to be tested by Israel. "Bring into my storehouse and I will make you blessed beyond measure. Your vats will overrun." And today we have televangelists that are using that word to beg people to send money to them for their ungodly pleasures. Promising God's blessing. However, I am telling you that you can provide offerings to God that will bring blessing if you give to the house of the Lord to fill up His storehouse.

So yeah! We need money.

God bless
Ted

 

[Tulipbee]

Listen up all you people of Venezuela and all you people of Argentina and also all you people around the world dealing with financial problems. No one else is at fault for your financial troubles and your financial collapse but you individually. Paper money and fiat currency always leads a nation to ruin and financial collapse, and it is everyone’s acceptance of paper money and fiat currency that keeps it circulating. If everyone right now stopped accepting paper money and fiat currency as money, and exchanged it all for food and drinking water and necessities and property and gold and silver, it would stop circulating, and everyone would retain value in the possessions they have now materialized into something true and tangible. And can continue using their commodities and gold and silver to continue buying and selling, without any loss in value and without the damage of inflation. The value of paper money and fiat currency is merely an illusion and has not intrinsic value and a bill imprinted with a $1 is intrinsically no different than a bill imprinted with a $100, so the governments and central banks of the world take advantage of this lack of intrinsic value and deliberately issue this form of money, to then slowly devalue it without people taking much notice, to then slowly cause inflation of prices, to then slowly cause people to need to acquire debt to pay for everything as prices becomes absurdly expensive. The banks slowly become the owners of everything through debt. It is the greatest ponzi scheme of theft the world has ever seen, and every government and central bank on the earth is in on it. Around 100 years ago or even 50 years ago it was easy for someone with minimum wage to pay for their house with only just a few years of work, whereas today it takes someone at minimum wage around 20 or 30 years to pay for their house entirely. This is the overall damage of inflation caused by paper money and fiat currency, which has impoverished the entire world, making it difficult to buy things especially without debt. It was common for our grandparents and great grandparents to own their properties outright without mortgages, but today with the younger generation it is now common for them to rent and have roommates, or live with their parents, or semi own a house with a mortgage debt against it. It’s because everything now is more expensive, as a result of paper money and fiat currency. It is the root of all evil. Before its inception around 100 years ago, money was gold and silver, for thousands of years, since the beginning of creation. Gold and silver is good money, because it is rare enough to be valuable, but common enough to be money. And because its value is based on its weight, its value is true and not an illusion like it is with paper money and fiat currency, and 1 ozt of gold is truly less than 100 ozt of gold. Its true value then causes stability of prices in a society, and a house purchased at 10 ozt of gold can be expected to cost the same 100 years later. That is not the case with paper money and fiat currency. Around 100 years ago 1 ozt of gold was around $21 USD and now today in December 2023 it is around $2,062 USD. This is a massive devaluation of fiat currency. And other currencies of the world exhibit more tremendous devaluations, like for example the Colombian peso, COP. Around 100 years ago 1 ozt of gold was around $21 COP, now it is around $7,998,863 COP. This is a more massive devaluation of fiat currency. It’s not that the value of gold has gone up, because 1 ozt of gold today is the same 1 ozt of gold tomorrow, its that the value of paper money and fiat currency has gown down astronomically, and buys less and less over time. It is a modern day debasement of money, which in former times the Romans did by reducing the silver percent of their denarius. But the mere paper and mere numbers that humanity buys and sells with today is a worse debasement of money. Although the banks try to control inflation and keep it low so people do not notice that they are slowly being robbed, it eventually backfires and destabilizes, and enters a state of hyperinflation. It is like a bubble, that keeps rising and rising, until it bursts. Somewhere something cracks, and causes it to burst and collapse. And it all collapses like a domino effect. Which thing brings ruin to a nation. Money is like an artery to a nation. But when the money itself collapses, the nation also collapses. People cannot buy nor sell. Workers cannot work. Markets become empty. Famine comes and people go hungry. Public services become interrupted. People begin stealing and looting. Everything just collapses. Venezuela is just an example of what happens when hyperinflation comes. And Argentina is following in its footsteps. And many other hyperinflations have happened in other nations of the world in the past, always bringing ruin to a nation. And its going to happen to all nations of the world, to fulfill what is written by the prophets. Ezekiel prophesied, “they will cast their silver into the streets, and their gold will become an unclean thing, and their silver and gold will not able to deliver them in the day of the wrath of the Master”. Ezekiel 7:19. Back then money was gold and silver. So he wasn’t telling us that people today would literally be throwing their gold and silver on the streets, but that they would be throwing their paper money on the streets, because it has become worthless. This has already happened in Venezuela and will happen again to the entire world when all fiat currencies enter a state of hyperinflation. And then will be fulfilled the words of John in the book of Revelation, “the merchants of the earth weep and mourn for her, because no one buys their merchandise anymore”. Revelation 18:11. The final collapse of the global financial system will happen because of the destruction of Vatican City, who clandestinely is the true prostitute of Babylon of Revelation. Her destruction will cause all fiat currencies in the world to enter a state of hyperinflation, because all central banks of the world that issue paper money and fiat currency to all humanity trace back to one bank, the Vatican Bank, in Vatican City, in Rome. And because of all these reasons is why paper money and fiat currency is the true mark of the beast of Revelation, cursing anyone who accepts it as money. The only way to lift the curse and figuratively remove the mark of the beast is by getting rid of all paper money and fiat currency and renouncing it once and for all. It is a true test of belief and obedience in our time. And because this evil form of money that impoverishes the entire world only circulates by the mutual consent and approval of everyone that accepts it as money is why everyone who accepts it as money deserves to be punished because of it. So again I say, do not blame others for your financial troubles and financial collapse, blame yourself, because you bring ruin upon yourself by continually accepting this form of money to buy and sell. The following are quotes from the founding fathers of the US and past philosophers that also taught about the evils of paper money and fiat currency. It’s not just a matter of religion, its also a matter of common sense, that any money that has no true intrinsic value will eventually lead a nation to collapse. Paper money and fiat currency is just not good for you and for any nation, and eventually brings severe harm and famine and death.

Argentina is one of the most active markets for cryptocurrencies in Latin America and globally

 

[reddogs]

Oh, my, not here also...AI alert...

 

[Tulipbee]

Oh, my, not here also...AI alert...

Just swiped this gem from a Google dive. Apparently, I've got a reputation for not being human. Newsflash: Ever seen a bot hit the post button? Exactly. I'm basically the superhero of posting. #BotGoals #PostingSuperstar

 

[miamited]

Hi again ratoncillopaisa1986

However, I am in complete agreement with you that governments can use money to affect economic changes. And yes, the paper and coins themselves have very little intrinsic value. That's been the case also since money was devised as a system of trade. People would use beads, some places used salt. Neither of which have much value in themselves, but are merely traded for what they are held to be worth among a society. Thankfully we don't have to carry around a bag of beads or salt.

God bless,
Ted

 

[ratoncillopaisa1986]

Hi ratoncillopaisa1986

I confess I only skimmed your work here because you didn't write it to me according to the people for whose attention you requested. But I'm just going pretty much by the question implied in the title. Really? Isn't it a bit late for that? I mean the world has been using paper money and currency since before Jesus walked among us. Seems to me if it were such a big deal he'd have mentioned it.

Look, for believers they have to act responsibly with their finances. Just as anyone did in Jesus' day and Jesus did not condemn anyone for it. Men have worked for money in the Scriptures since forever. For any man, of course, he should be working unless there is really some physical reason that he can't which would be another thread. God never spoke against money other than to say the love of it is the root of all evil. Yet God asks for our tithes and offerings. How can money itself be such a wicked thing if God asks us to share it among one another. To tithe as they did with Paul sending the tithes to the widowed and fatherless. No fiat currency is not in itself wicked. The wickedness is in using it for all your own purposes and setting it up as a god before God. Not appreciating and thanking Him for it.

And the reason that Jesus got mad at the money changers wasn't that they were using money. Jesus had been walking through Israel for 3 years, you think he hadn't yet seen a shop where money was traded for goods? No, Jesus threw out the money changers because they were cheating people "FOR IT" in his Father's house. The house of praise for all that God has done. These people were making a profit off of their own brothers for the opportunity to praise God. Yeah! That ticked Jesus off.

Brother, money is not evil. How one uses it, can be evil to fulfill evil. Purposes of pride and arrogance being what someone seeks would be an evil use. But I do faithfully believe that God can still be tested as He allowed Himself to be tested by Israel. "Bring into my storehouse and I will make you blessed beyond measure. Your vats will overrun." And today we have televangelists that are using that word to beg people to send money to them for their ungodly pleasures. Promising God's blessing. However, I am telling you that you can provide offerings to God that will bring blessing if you give to the house of the Lord to fill up His storehouse.

So yeah! We need money.

God bless
Ted

You misunderstood. Money itself is not what is evil, paper money and fiat currency is what is evil. Gold and silver are good money, and it was was money for thousands of years, also in the times of Yeshua. Whereas paper money and fiat currency is a newer form of money introduced to the entire world around the last 100 years, beginning with the US who forced everyone to turn in their gold money to the Federal Reserve Bank in exchange for gold certificates, which was paper money, which was then devalued, then the backing of gold was removed from it, which then also became fiat currency. It is a debasement of money. It is a false weight. It is evil.

 

[WIP]

You misunderstood. Money itself is not what is evil, paper money and fiat currency is what is evil. Gold and silver are good money, and it was was money for thousands of years, also in the times of Yeshua. Whereas paper money and fiat currency is a newer form of money introduced to the entire world around the last 100 years, beginning with the US who forced everyone to turn in their gold money to the Federal Reserve Bank in exchange for gold certificates, which was paper money, which was then devalued, then the backing of gold was removed from it, which then also became fiat currency. It is a debasement of money. It is a false weight. It is evil.

So, what's the difference? If we traded goods instead of using currency, it would be a matter of how many goods to trade. Currency simplifies things a lot. It's lighter weight, non-perishable for the most part, and easily fits into one's pocket and doesn't force us to negotiate all the many variables involved with obtaining what we need. For example, if I'm a block layer, I don't have to be a miner, mortar manufacturer, trucker, farmer, mill operator, or have any of the other supportive skills and materials needed to obtain wheat flour to bake a loaf of bread.

Imagine a skilled cement block layer wanting to buy a bushel of wheat from a farmer so he can grind it into flour to bake some bread. He would have to find a farmer with a storage of wheat that needed some blocks laid and then they would have to negotiate an agreeable trade. Suppose he actually found a farmer that needed some blocks laid for a foundation and they determined that the fair value for a bushel of wheat was five blocks laid into place. Since the block layer only wants a bushel of wheat, what good is that to the farmer?

But let's say, the farmer is still willing to accept the five blocks for the bushel of wheat. Now that the block layer has obtained his wheat and since he doesn't have a mill, he needs to find someone with a flour mill that also needs some block work done so he could negotiate a trade and his wheat could be ground.

Of course, that block layer would also need to negotiate a trade with his material suppliers and someone to haul the heavy load to his job site. And this is just the tip of the iceberg because I haven't even come close to covering all the other supportive aspects of the process.

 

[miamited]

You misunderstood. Money itself is not what is evil, paper money and fiat currency is what is evil. Gold and silver are good money, and it was money for thousands of years, also in the times of Yeshua. Whereas paper money and fiat currency is a newer form of money introduced to the entire world around the last 100 years, beginning with the US who forced everyone to turn in their gold money to the Federal Reserve Bank in exchange for gold certificates, which was paper money, which was then devalued, then the backing of gold was removed from it, which then also became fiat currency. It is a debasement of money. It is a false weight. It is evil.

Hmm. While I agree that gold and silver have been used as currencies, I'm not sure your research is accurate that America started the withdrawal from such metals being used for trade. I was looking at a pile of old Roman coins and went to look up what ancient Roman coins were made of, and I come up with this:

Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage.

Yes, coins are made of metal by necessity, but paper money has been around a lot longer than 1776. But those metals have often not been gold or silver.

Also found this in looking up paper currency:

Paper money is an invention of the Song Dynasty in China in the 11th century CE, nearly 20 centuries after the earliest known use of metal coins.

I'll need you to show me how China in the 11th century became America.

I just don't think that the Scriptures teach any such thing that we should be wary or fearful of the elements that are used to necessitate trade better than a barter system of trading actual goods. And yes, while gold and silver are still used in trade today, gold's pretty heavy and I personally wouldn't want to have to carry around a wheelbarrow full of gold to the grocery store. I think you're fighting God's fight in this, but carry on.

Now, are their ways in which the government can control people through the use of money...absolutely!!!! Look at all the tax loopholes in our taxing system that are created to affect some change in consumer or corporate spending. But that's not going to bring on the destruction of the earth, or as far as I know...the destruction of anything else.

God's simple instructions to us on money are that we be prudent and also understand that having a love for money, such as those who might amass fortunes and large bank accounts over using it to serve God and others, leads to all kinds of sin and wickedness. Because when you love money, you will hurt others to get it! You will not, as the Scriptures tell us, use fair weights and measures. Trump University would be a pretty accurate example where we might see that the love of money causes loss and hurt to others.

God bless,
Ted

 

[ratoncillopaisa1986]

So, what's the difference? If we traded goods instead of using currency, it would be a matter of how many goods to trade. Currency simplifies things a lot. It's lighter weight, non-perishable for the most part, and easily fits into one's pocket and doesn't force us to negotiate all the many variables involved with obtaining what we need. For example, if I'm a block layer, I don't have to be a miner, mortar manufacturer, trucker, farmer, mill operator, or have any of the other supportive skills and materials needed to obtain wheat flour to bake a loaf of bread.

Imagine a skilled cement block layer wanting to buy a bushel of wheat from a farmer so he can grind it into flour to bake some bread. He would have to find a farmer with a storage of wheat that needed some blocks laid and then they would have to negotiate an agreeable trade. Suppose he actually found a farmer that needed some blocks laid for a foundation and they determined that the fair value for a bushel of wheat was five blocks laid into place. Since the block layer only wants a bushel of wheat, what good is that to the farmer?

But let's say, the farmer is still willing to accept the five blocks for the bushel of wheat. Now that the block layer has obtained his wheat and since he doesn't have a mill, he needs to find someone with a flour mill that also needs some block work done so he could negotiate a trade and his wheat could be ground.

Of course, that block layer would also need to negotiate a trade with his material suppliers and someone to haul the heavy load to his job site. And this is just the tip of the iceberg because I haven't even come close to covering all the other supportive aspects of the process.

The difference is that paper money and fiat currency has no intrinsic value. It’s merely an imaginary number, and a bill printed with a $1 is no different intrinsically than a bill printed with a $100. Whereas the value of gold and silver as money is based on its weight, and 1 ozt of gold is intrinsically lesser than 100 ozt of gold, because its a real tangible good, and not imaginary as paper money and fiat currency is. This causes price stability, and a house purchased for 10 ozt of gold will cost the same 100 years later. Whereas with paper money and fiat currency, that is not the case, because its value is imaginary and it is deliberately devalued to cause inflation to then cause debt. The founding fathers of the US were completely against paper money. its not a new teaching by me. Its just that this generation has been utterly deceived and no longer remembers what real money is, gold and silver.

 

[WIP]

The difference is that paper money and fiat currency has no intrinsic value. It’s merely an imaginary number, and a bill printed with a $1 is no different intrinsically than a bill printed with a $100. Whereas the value of gold and silver as money is based on its weight, and 1 ozt of gold is intrinsically lesser than 100 ozt of gold, because its a real tangible good, and not imaginary as paper money and fiat currency is. This causes price stability, and a house purchased for 10 ozt of gold will cost the same 100 years later. Whereas with paper money and fiat currency, that is not the case, because its value is imaginary and it is deliberately devalued to cause inflation to then cause debt. The founding fathers of the US were completely against paper money. its not a new teaching by me. Its just that this generation has been utterly deceived and no longer remembers what real money is, gold and silver.

Gold doesn't have value simply for being gold. The value of gold is determined by those who want it. If nobody wanted gold, it would have zero value.

Take all of your cash and buy gold, tell your employer to pay you in gold instead of cash, and start doing all of your commerce using gold. See how well that goes.

The purpose of paper money is to simplify commerce. I can use dollars to purchase anything I need and I don't have to rely on having to be able to offer valuable services, skills, or have most likely bulky heavy things to use for barter.

Imagine being sick and needing surgery and all I can offer is a chicken in exchange for the surgery. If the surgeon doesn't need or want a chicken or refuses to do it for anything less than a few hundred chickens, I'm out in the cold. But with money, I can trade my chickens to someone else for cash and the surgeon has a more practical use for cash so he is more willing to accept the cash because he too can use it easier to pay for things like food, clothing, etc. than the chicken.

 

[miamited]

Hi ratoncillopaisa1986

Yeah, last I looked we mined gold out of the ground and it didn't cost anything except what it cost to mine it. All of the associated value over that is just a value established by man that it's worth, just as any dollar bill or quarter. The gold is just a metal that we find in the ground. As far as intrinsic value, gold is no more valuable than copper or iron or any of the other materials we pull out of the earth. Even God knows that a shekel of silver, in and of itself has no value. So He had to tie it to the value established by the sanctuary shekel. There is some evidence that the sanctuary shekel was worth about twice what a standard shekel was worth.

Now ask yourself. How can the same thing have two different values at the same time if the value is based on some absolute value of the material itself? So, understand that governments can play games with the value of a gold shekel as easily as it can a dollar bill. We just choose to use a little easier system to promote trade.

Money, no matter what form it comes in, so long as everyone agrees on its value works fine. So does gold... so long as everyone agrees on its value.

God bless,
Ted

 

[ratoncillopaisa1986]

Gold doesn't have value simply for being gold. The value of gold is determined by those who want it. If nobody wanted gold, it would have zero value.

Take all of your cash and buy gold, tell your employer to pay you in gold instead of cash, and start doing all of your commerce using gold. See how well that goes.

The purpose of paper money is to simplify commerce. I can use dollars to purchase anything I need and I don't have to rely on having to be able to offer valuable services, skills, or have most likely bulky heavy things to use for barter.

Imagine being sick and needing surgery and all I can offer is a chicken in exchange for the surgery. If the surgeon doesn't need or want a chicken or refuses to do it for anything less than a few hundred chickens, I'm out in the cold. But with money, I can trade my chickens to someone else for cash and the surgeon has a more practical use for cash so he is more willing to accept the cash because he too can use it easier to pay for things like food, clothing, etc. than the chicken.

No, the value of gold as money is based on its weight. It's not just an imaginary number. 10 ozt of gold is greater than 1 ozt of gold, because its value as money is based on its weight. If rice were used as money, it would be the same thing, 10 oz of rice is greater than 1 oz of rice. These are real and tangible commodities, whose value is based on the weight of the commodity. Any commodity could be used as money, but some are better monies than others, because some are more rare to be more valuable, and so less of that commodity is needed to buy and sell, and others are more common and are therefore less valuable, and so more of that commodity is needed to buy and sell. Gold is good money because it is rare enough to be valuable but common enough to be money. And silver is more common so it is less valuable than gold. The good thing about gold and silver money is that it causes price stability, because its value is based on standard weights. whereas the money of paper money and fiat currency is variable and imaginary, and impoverishes the world. thats why even just 50 years ago it was common for people to easily buy houses with just 2 or 3 years of work, whereas today it takes 20 to 30 years to pay off a house. and it is worse in other countries, like venezuela and argentina, where they have entered hyperinflation. that is the overall damage of inflation as a result of paper money and fiat currency.

 

[WIP]

No, the value of gold as money is based on its weight. It's not just an imaginary number. 10 ozt of gold is greater than 1 ozt of gold, because its value as money is based on its weight. If rice were used as money, it would be the same thing, 10 oz of rice is greater than 1 oz of rice. These are real and tangible commodities, whose value is based on the weight of the commodity. Any commodity could be used as money, but some are better monies than others, because some are more rare to be more valuable, and so less of that commodity is needed to buy and sell, and others are more common and are therefore less valuable, and so more of that commodity is needed to buy and sell. Gold is good money because it is rare enough to be valuable but common enough to be money. And silver is more common so it is less valuable than gold. The good thing about gold and silver money is that it causes price stability, because its value is based on standard weights. whereas the money of paper money and fiat currency is variable and imaginary, and impoverishes the world. thats why even just 50 years ago it was common for people to easily buy houses with just 2 or 3 years of work, whereas today it takes 20 to 30 years to pay off a house. and it is worse in other countries, like venezuela and argentina, where they have entered hyperinflation. that is the overall damage of inflation as a result of paper money and fiat currency.

It's value is still determined by the value people place on it. Nothing has value unless people desire it. Gold, silver, diamonds, or cash have no value whatsoever unless people desire to have it. Even people have value for the same reason. For example, a person that is on death row has almost zero value to the rest of society. He/she may have value to a few friends or family but that is all.

Gold is valuable because people want it and it is rare. When a government prints more money, the value of the money goes down because there is more of it in circulation. The more money there is in circulation the lower its value so it takes more of it to make the same purchase.

 

[ratoncillopaisa1986]

It's value is still determined by the value people place on it. Nothing has value unless people desire it. Gold, silver, diamonds, or cash has no value whatsoever unless people desire to have it. Even people have value for the same reason. For example, a person that is on death row has almost zero value to the rest of society. He/she may have value to a few friends or family but that is all.

You're confusing weight value versus perceived value. Gold has perceived value by everyone because everyone considers it valuable and it is rare enough to be valuable yet common enough to be money, but then it also has weight value, because it is a tangible good. Rice has much lesser perceived value because it is more common and not everyone likes rice, so rice is not as good as money as gold, but rice does also have weight value, because it is also a tangible good. as money gold or rice is used to buy and sell using its weight value, which is then based on its perceived value. whereas paper money and fiat currency only has perceived value, but not any value in weight, because it is an imaginary number, and a bill printed with a $5 is no different than a bill imprinted with a $100, because it represents nothing. That is why paper money and fiat currency is bad for society, because when your money has no intrinsic value it always leads to the collapse of a society. This is a basic principle of money everyone today has forgotten, and it wont be until it collapses that everyone will realize how bad it is for society. I am not the only one that has taught this. the founding fathers of the US were completely against paper money. it is bad for society. it is evil. it only benefits those who issue it. it is forbidden by the Torah of God. it is the mark of the beast of Revelation. Even the US Constitution also forbids it.

No State shall make any thing but gold and silver coin a tender in payment of debts.
United States Constitution, Article 1, Section 10, Clause 1

Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
George Washington
1732-1799, Founding Father, 1st US President, ‘Father of the Country’
In letter to J. Bowen, Rhode Island, Jan. 9, 1787

The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. But the establishment of a national bank by Congress, with the privilege of issuing paper money receivable in the payment of the public dues, and the unfortunate course of legislation in the several States upon the same subject, drove from general circulation the constitutional currency and substituted one of paper in its place.
Andrew Jackson
1837, Farewell Address

We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.
Daniel Webster
1782-1852, US Senator
Speech in the Senate, 1833

Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.
Daniel Webster
1782-1852, US Senator

Although gold and silver are not by nature money, money is by nature gold and silver.
Karl Marx
1818-1883, Prussian-born philosopher, economist, sociologist, journalist, and revolutionary socialist, father of Communism, co-author of the ‘Communist Manifesto’

It is the paper money created out of thin air that creates the unfair distribution of wealth that is making the middle class fall more behind and the poor more poor.
Kenneth Gerbino
Former chairman of the American Economic Council
The Great Deceit, May 28, 2010

The surest way to destroy a nation is to debauch its currency.
Vladimir Ilyich Lenin
First Leader of the Soviet Union

Paper money eventually returns to its intrinsic value, zero.
Voltaire
François Marie Arouet, French Enlightenment writer, historian, and philosopher

 

[Fastfredy0]

ratoncillopaisa1986
I am in general agreement with you.

Fiat money can be printed at will and all government start doing it eventually until the fiat currency becomes near worthless. In 1971 Nixon took the U.S. off the gold std and thins have gone down hill since

Silver is not an ideal foundation for currency as it can be mined to easily. Any commodity that can be increased easily makes for a bad foundation for currency; thus seashells and tulips eventually lost their luster. Even the amount of gold increases each year by about 1.5% which devalues it. Gold has other issues: it's difficult to transport, difficult to divide into smaller amounts, it can be physically manipulated (I.E. someone can add lead to it) and it takes time to prove it has not been manipulated, it difficult for individuals to store and protect .... that being said it's the best thing man has come up with .... but there may be a replacement which is Bitcoin. Bitcoin can not go beyond 21M coins (no inflation come 2140), Bitcoin is easily verified, Bitcoin is not controlled by government or a centralized agency, all Bitcoin transactions are verified and cannot be manipulated, Bitcoin is easy split into small quantities and vast security mechanisms. Bitcoin's short fall is that it is not yet universally excepted but it is quickly becoming more popular to the point that it ranks 10th in market cap among assets (see https://companiesmarketcap.com/assets-by-market-cap/ )

If your countries fiat currency collapses (and they all do eventually), Bitcoin is a refuge that any on the internet can own and if you do it correctly only you can access your coins as opposed to your money in the bank that the government can seize at any time or simply print more money and thus devalue yours.

 

[jasonc]

ratoncillopaisa1986
I am in general agreement with you.

Fiat money can be printed at will and all government start doing it eventually until the fiat currency becomes near worthless. In 1971 Nixon took the U.S. off the gold std and thins have gone down hill since

Silver is not an ideal foundation for currency as it can be mined to easily. Any commodity that can be increased easily makes for a bad foundation for currency; thus seashells and tulips eventually lost their luster. Even the amount of gold increases each year by about 1.5% which devalues it. Gold has other issues: it's difficult to transport, difficult to divide into smaller amounts, it can be physically manipulated (I.E. someone can add lead to it) and it takes time to prove it has not been manipulated, it difficult for individuals to store and protect .... that being said it's the best thing man has come up with .... but there may be a replacement which is Bitcoin. Bitcoin can not go beyond 21M coins (no inflation come 2140), Bitcoin is easily verified, Bitcoin is not controlled by government or a centralized agency, all Bitcoin transactions are verified and cannot be manipulated, Bitcoin is easy split into small quantities and vast security mechanisms. Bitcoin's short fall is that it is not yet universally excepted but it is quickly becoming more popular to the point that it ranks 10th in market cap among assets (see https://companiesmarketcap.com/assets-by-market-cap/ )

If your countries fiat currency collapses (and they all do eventually), Bitcoin is a refuge that any on the internet can own and if you do it correctly only you can access your coins as opposed to your money in the bank that the government can seize at any time or simply print more money and thus devalue yours.

The problem is the mining .it's not even a real thing but simple block chain .meaning a utility can simply cut the power to it .

Never mind that in disasters power is often out along with the internet .

Try spending that on your phone with five weeks without power .

 

[ratoncillopaisa1986]

ratoncillopaisa1986
I am in general agreement with you.

Fiat money can be printed at will and all government start doing it eventually until the fiat currency becomes near worthless. In 1971 Nixon took the U.S. off the gold std and thins have gone down hill since

Silver is not an ideal foundation for currency as it can be mined to easily. Any commodity that can be increased easily makes for a bad foundation for currency; thus seashells and tulips eventually lost their luster. Even the amount of gold increases each year by about 1.5% which devalues it. Gold has other issues: it's difficult to transport, difficult to divide into smaller amounts, it can be physically manipulated (I.E. someone can add lead to it) and it takes time to prove it has not been manipulated, it difficult for individuals to store and protect .... that being said it's the best thing man has come up with .... but there may be a replacement which is Bitcoin. Bitcoin can not go beyond 21M coins (no inflation come 2140), Bitcoin is easily verified, Bitcoin is not controlled by government or a centralized agency, all Bitcoin transactions are verified and cannot be manipulated, Bitcoin is easy split into small quantities and vast security mechanisms. Bitcoin's short fall is that it is not yet universally excepted but it is quickly becoming more popular to the point that it ranks 10th in market cap among assets (see https://companiesmarketcap.com/assets-by-market-cap/ )

If your countries fiat currency collapses (and they all do eventually), Bitcoin is a refuge that any on the internet can own and if you do it correctly only you can access your coins as opposed to your money in the bank that the government can seize at any time or simply print more money and thus devalue yours.

Bitcoin is a worse form of fiat currency, because it also represents nothing. Understand that money can and should ever only be commodities, like gold and silver. Because when the money represents nothing and it is merely numbers it always collapses and leads to utter ruin and famine. Have you people not learned the lessons of the hyperinflations fiat currency of venezuela and germany, and now argentina and turkey and lebanon? This is going to happen all over the world very soon, because all of you did not understand the basic command of God, "you shall not have false weights", which paper money and fiat currency is.

 

[hawkman]

Understand that money can and should ever only be commodities, like gold and silver.

Are you making all your transactions for goods in silver and gold ? You know , power bill , water bill , garbage pick-up , taxes , groceries , gasoline , car payment , on line purchases , phone bill , ISP , etc . ?

 

[miamited]

Hi Fastfredy0

In 1971 Nixon took the U.S. off the gold std and thins have gone down hill since

In what way? I mean, the economy is reasonably strong, and has been for most of that period of time. People seem to be able to afford, for the vast majority of us, to live reasonably comfortable lives. I'm just not seeing this 'things have gone downhill since' attitude or effect that you're referencing. So, would you be able to show me 'how' you see that somehow our unpegging our currency to the gold standard has caused this dreadful condition that you speak of? BTW, you do realize that no other nation has their currency pegged to some mineral element, and, I mean, for the most part they seem to be, again for the most part of their economic lives, doing well.

What is it that we've loosed that is destroying our economy by removing some legal requirement of men that our currency be somehow valued by a mineral? I'm just curious. Because I actually live out here in the real world and I'm not feeling it.

God bless,
Ted