is gold money ?, page-54

Money is merely a convenient form of exchange.

Simply: once upon a time, Bill had too many spuds and Jack had too many goats. So they bartered and very soon everyone in their patch was bartering.

Joe who fooled around with colored stones but had little else, thought, "how can I get in on the act".

Aha, Jack and Bill's partners admire my stones so very soon Joe was able to buy all the food he needed with little stones.

Some 40,000 years later, about 4,000bc to be close, a new Joe was born (and in fact a direct decendant of old Joe) and he found that gold brought much more as everyone just loved it, and that he could even store the gold for them and issue paper certificates for it.

Money was born, yeeehaaah. And its been pretty much yeeehaaaar for all the Joe's ever since as they justy about own all of the banks. In fact one of the relatives called Rothchilds have assets now valued at 300 trillion dollars. Now please do not ask me to put in all the zeros as I find it hard to get right.

So money is PAPER (and more today just a computer entry) but of itself has no real value except for the goods stored on its behalf as a promise to the people so they will hand over their goods.

Of course the big troubled now is that there is very little in storage anymore and most people are starting to lose faith in what the paper will buy anymore so they want the shiny rocks back.

Now this story goes on and on "..." so in my view enoonmai you should do a bit of Googling on gold and what is money so that you will be financially literate enough to take advantage of what the bankster's are trying to put over you and everyonelse.

Oopps, nearly forgot to answwer the question.

So is gold money? Those first stones were money and no doubt the first gold was money, till of course Joe issued more notes than he had gold stored.

In an honest society gold is the true money, paper is just a promise and without the backing has no real value at all.

And in the financial world of today that is the three million trillion dollar question.

We operate currently under what's called Keynesian economics. Some say we have not ticked all the boxes on his sytem either, but thats another very big story. But its all about forever expansionism, which dear Maggie Thatcher hug her dear hat on. The philosphy of honest money was best described by Ludwig von Misers in his work "On the manipulation of Money and Credit" This follows what is called Austrian Economics