《货币背后的秘密》【全集】1-10，金融的真相，到底是不是骗局，你想知道的都在这
P2 Seven Stages of Empire
Export inflation by simply sending all these dollars that you created to these other countries, and they send their products.
All pigeons come home to roost.
Uncle Sam's dollars are just becoming worthless.
Once this little trickle of money coming back that we had previously exported revs up.
A humanitarian disaster was created after the second round of quantitative easing.
Some even started to overthrow their government in North Africa and around the Middle East. Quantitative easing was the spart that ignited the Arab Spring.
The inflation impacted the underclass disproportionately in the percentage of their income that goes to food.
The runaway inflation punishes the most productive in society, or someone who produce more than they consume and save difference. While unfortunately the saver just saves the national currency- A fiat currency.
The great news is that gold and silver always end up doing an accounting of the expansion of the currency supply. Inflation comes back when the government debase the currency.
People bid the value of gold and silver up in the country until it meets or exceeds the value of all the currency in circulation.
Money is a trading tool that stores the economic energy that is your time and freedom whereas currencies leak them away
Fiat currencies are based solely on confidence and always return to their intrinsic value of zero. The only ultimate currency is gold which is not liked by the government because of its imposed restraint.
Inflations are typical symptoms of expanding currency supply which will aways be accounted by gold and silver.
It is crucial first step towards setting your mind free of all this economic voodoo and changing your context.
p2 Seven Stages of Empire
We are going to experience a huge deflationary crash around the world
This is the largest wealth transfer in a decade.
Monetary history repeats over and over again, echoing all the way back to the beginning of civilization.
Gold and silver have been the predominant currencies for about five thousand years.
Gold and silver as money didn't exist until BC 630 in Lydia via being minted into coins of equal weights. At this point, you can price a good or service in those gold and silver coins in a certain number of them.
Until Athens formed the world's first free market, People exploded in use of money.
Athens was the first society to have a working tax system and free markets which enabled them to rise to the pinnacle of civilization. People are still in awe of their achievements in architecture, engineering, and works of art that the world had never seen before Athens. The Parthenon once served as the treasury to the Athenian Empire.
The fall of the Athens Empire lies in the same pattern that we see throughout history.
When the Athenians got involved in the Peloponnesian wars, a war with Sparta, their monetary problems began. First, they lost their access to their gold and silver mines, and they were also paying armies that were on foot. A deflation occurred in Athens because they were sending all of their coinage out of the city to support their armies who were living outside of the Athens and have to take their coins to buy foods and other necessities elsewhere.
Athens chose to debase their coinage to pay for the war.
They melt down those original 100% gold and silver and mix 50% copper into coinage which allowed the empire to make double the amount of the currency. People. They didn't allow stopped public work and make their market economy to heal from the expense of this war. People would take the new debased coins at face value first which is explained as Gresham's law, bad money drives out good.
Suddenly it took a bunch of copper coins to buy a gold or silver coin, which is the first time that gold and silver ever had a price. Before that, everything is measured in a weight of gold and silver.
A larger factor in Athen's downfall was the expense of the war, the expansion of Empire, the debasement of their currency. They mended these coins until they become nothing but flexible copper. This was actually the world's first inflation. This inflation was debilitating Athens until they surrendered to Sparta and became nothing but a satellite of Rome.
We are doing the same deficit spending for the same reason, for war and public works.
The paradox of the Peloponnesian war is that it began with Athens at its highest with its hubris that set them down the road towards ruin. It is a long-time cycle that echoes throughout history right to this very day, which works like a societal pendulum that swings from quality money to quantity currency. It always plays out in seven stages, ends with gold delivering a knockout blow to debase currencies. The deficit spending is used to fund these public works and the debasement of currency supplies cause them to become nothing but a satellite of the banks.
The last 104 years of monetary history is condensed into 10 minutes.
All the combatants stopped redemption rights. All currencies are no longer redeemable in gold. They created a Gold Exchange Standard where currencies are partially backed by gold.
Hitler starts saber-rattling in 1936 and annexed many countries. While This is where Americans have this myth that war is good for the economy if you are not in it.
The Bretton Woods System peg all the world's currencies to each other through the dollar to gold. There was no such thing as the forex外汇市场.
There was no reserve ration whether the US actually had to have a certain amount of gold for how many dollars we created. Nixon was forced to take us off the gold standard because if he had paid out gold until it got 0
US suspended the convertibility of the dollar into gold or other reserve assets except in conditions determined to the interest of monetary stability and pressed for the necessary reforms to set up an urgently needed new monetary system to keep its image of forward-looking and trustworthy partner. Currencies bob and down to each other, but they are all sinking relative to gold.
We are designed to operate in recent scene
The attenuated Gold Standard
Over the past 140 years, we have based our own currencies to the point where two generations of scholars don't even understand gold.
In recent history, there has been a new monetary system roughly every forty years
P4 The Largest Scam in Human History
The modern banking system creates currency far faster than trees can grow.
This episode will strip the monetary system down to the essence as most of us have no clue on how it works.
Candidates pay that supposedly free staff with deficit spending. The Treasury borrows currency by issuing bonds. This glorified IOU are to be paid by all of us and our descendants through future taxation. The bonds steal prosperity out of the future. The Treasury holds bonds auctions to encourage banks to buy part of our national debt.
These banks get to sell these bonds to the Federal Reserve at a profit through a shell game.
The Federal Reserve resorts to bad, bogus, counterfeit checks that should bounce to pay the bonds because these checks are drawn on an account that has a zero balance and no bank deposit or funds to cover. Currency springs into existence. The banks then take that currency to buy more bonds at next treasury auction
Treasury and The Federal Reserve are just swapping IOUs through the banks as middleman. This repetitive process enriches the banks and indebt the public by raising the national debt. The consequence is the buildup of bonds at the FED and currency at the Treasury. Money has a store of value and maintain the purchasing power over long periods of time. The machine of currency creation gets its cranking through fractional reserve lending 部分准备金借贷
The banks are allowed to reserve only a fraction of our deposits and loan the rest out.
This reserve is called vault cash 库存现金
Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in account on their books in exchange for a borrower's IOU.
These redeposit and relending create bank credit all the way and this is where the vast majority of currency supply. 92~96 percent of currencies are created in this way. Massive amounts of currency spewing into society at first may sound funny until we remember the prices of goods and services act like a sponge sucking surplus of currencies. This is the root cause of inflation
Our entire currency supply is nothing, but a couple bucks whipped up in this hocus pocus scam where the Treasury and the FED swap glorified IOUs. This is just the twilight zone of modern economics. We trade away our true wealth in our live day by day, hour by hour, and year by year. We are those who give this currency its value. We work hard to save some of the currency and pay taxes to Internal Revenue Service 国税局. IRS turn it over to the Treasury who will use this currency to pay the principle plus interest on that bond. The FED bought these bonds with checks drawn on an account that has nothing in it. This is where this system begins to rob you and I on a massive scale.
Most of our taxes are used to pay interest on bonds that the FED bought with a bogus check instead of public work. The FED is committing a fraud. Most of our tax has been silently syphoned away into the hands who own this system. The mumbo jumbo of debt ceiling. There is more debt than currency in this system. Whether you are making a payment on a loan or paying tax to make a payment on a bond, the portion of payment that goes to pay off the principle extinguishes the portion of the debt. But the debt also extinguishes the currency. Currency and debt annihilate each other when they meet.
The whole thing goes into a deflationary collapse under the weight of those payments.
Pundits suggest paying down the debt and living within your means. Any talk of debt ceiling is not only ridiculous but also delusional.
Politicians just kick the can down the road and raise the so-called debt ceiling up again and again until the whole system collapse on their watch. The Revolutionary war started out as a tax revolt. Having just suffered through the hyperinflation of the continental dollar which was printed into oblivion to finance the Revolutionary War, our founding fathers know the dangers of fiat currency and debt-based monetary system. These forefathers wrote into the constitution that only gold and silver can be money to protect their future generations from the institutional theft. The current monetary system is not only unconstitutional, but it robs us of the liberty and prosperity our forefathers fought and died for. Our purchasing power is diluted. This monetary system benefits and empowers those who create currencies at first as they get to spend it into circulation.
The decrease in purchasing power of money holders due to inflation imparts gains to the issuers of money. Fraud/Ponzi Scheme/A pyramid Scheme. The FED is a private corporation with closely guarded stakeholders: primary dealers - banks that get to make profits by selling national debt-bonds to the FED who buy them with a check with zero balance account. Don't be alarmed If you don't comprehend the deception of this system at first glance. By this means government may secretly and unobserved, confiscated the public wealth.
The Treasury deposits these currencies in the various branches of the government.
The government spends these currencies into public work, and paying soldiers, civil servants who deposit their pay into the banks who multiply the numbers by magically inventing more IOUs through fractional Reserve Lending where they steal a portion of everyone's deposit and lend it out. The redeposit and relending repeats again and again, magnifying the currency supply exponentially. We pay tax to IRS who then turn our numbers over to the Treasury. So, the Treasury can pay the principle plus interest on bonds that were purchased by the FED with a check with nothing
The largest banks own the FED and enjoy dividends offered by the FED.
This evil system funnels wealth from the working population to the government and the banking sectors. This is the cause of the artificial booms and busts of modern economies.
No generation has the right to contract debts greater than can be paid off during the course of its own existence. We enslave ourselves and future generations by stealing prosperity of future.
The process is perhaps the most astounding piece of sleight of hand=scheme/fraud/hocus pocus.
Banking was conceived in iniquity and born in sin. They can create enough money to buy everything with a flick of a pen only they are left with the power to create money and control credit.
