A tale of two kingdoms; Aurelium and Fiatistan.
Any similarity with living individuals and existing kingdoms is entirely unintended and coincidental!
In the kingdom of Aurelium the people were busy and working hard to extract a beautiful yellow metal, which they liked very much and treasured above all else since they could shape into jewellery, many ornaments and also exchange it for goods and services amongst the population of the kingdom. Soon the king decided to standardize the trading of this yellow metal and started to mint coins of defined weights and denominations. Thus Money was born and commerce really started to flourish and grew at a steady pace equivalent to the amount of the yellow metal people were able to extract.
Since the people who extracted the yellow metal paid a royalty to the king for the privilege of being granted a mining licence, and the fact that they took their yellow metal to the royal mint to have it minted into coins and then spent that money into the economy in wages, supplies and many other costs, all the money in circulation was debt free, everyone earned it through their hard labour and no one had to borrow any money ‘into existence’.
It was a fair, peace loving and just society built on ‘Reward for Effort’ and this ensured an orderly and gentle society, where everyone respected the rule of law and knew and appreciated the value of effort and labour.
In kingdom Fiatistan a group of hardnosed gangsters who were very shy of work and which had a parasitic bent went to the king and smooth talked him into granting them the sole right to issue currency, solely printed on paper, which everyone in the kingdom was forced to use, since it was decreed at the same time that any other form of currency was illegal and citizens had to pay their taxes with this paper currency. They called their currency the Dullard.
Having obtained the sole right to print currency meant that every single unit of currency in circulation was a Debt by some citizen owed to these gangsters, now called Banksters, who had to borrow it into existence through loans or credit card purchases.
It was an onerous system where this group of Banksters had the right to print money out of thin air, something everyone else was severely punished for, as it was called counterfeit if done by ordinary people!
Through this incredible, some citizens of Fiatino called it a crazy, outlandish, unnatural and iniquitous system, these Bankster soon accumulated immense wealth, since every currency unit in circulation carried interest payable to them. And the currency to pay that interest also had to be borrowed into existence, so the currency supply had to permanently increase at an every increasing clip, till one day it would go hyperbolic.
With the accumulation of wealth inevitably came immense power over the king, his ministers, the economy and everyone in the kingdom.
First US Fiat Paper Currency, the ‘Continental’ of 1775, backed by nothing than promised tax revenue! It soon suffered the fate of all Fiat Currencies and became the epitome of worthlessness in "Not worth a Contintenal"
The Banksters would in fact run the kingdom as they pleased, and to the sole benefit and advantage to themselves.
With all that wealth they bought all the media in the kingdom to control the entire news flow and minds of its citizens, they bought large swathes of the economy and had their representatives on every board, in every council and they also literally appointed all their own ministers to the king’s cabinet.
These Banksters in fact were the state within the kingdom, and the king was a very unhappy man for having granted them this right to print currency.
Needless to say that the citizens in the kingdom of Fiatistan became more and more unhappy, unhealthy and grew ever more alienated from the natural flow of life, nature and family.
Fiatistan was also constantly at war with every other kingdom since the Banksters simply could print more of their confetti currency to finance these wars. But the wars in themselves were a scheme by the Banksters to enrich themselves; by creating more interest bearing debt for the kingdom and financing the war industry which they all owned.
Other kingdoms which didn’t have the same Fiat Currency system and refused to use Fiatistan’s Dullard currency were first vilified with lies, then blamed for false flag terrorism and then attacked, destroyed and occupied.
The Banksters schemed all along that they had the power to indebt the kingdom, and every citizen, to them by printing excess currency so that people would borrow more and more and buy assets which inflated in price until it became apparent that the price was unsustainable and the asset bubble would burst.
This accorded the Banksters the means to scoop up assets at hugely discounted prices from distressed borrowers. And so the Banksters, under its leaders Al Greenbridge and later on Hi Barnacle, created boom and bust cycles with ever increasing frequency by excessively loosening and then tightening the currency supply, which made the Banksters very, very rich and the citizens very poor.
This worked for a very long time, far too long it seemed to all the poor suffering citizens of Fiatistan, until one day the debt of the kingdom, combined with the collective debt of the citizens, was just too great to be sustained any longer and the whole Fiat Currency system …………
Stand by for the continuation of this tale of two unequal kingdoms!
In Aurelium the Monetary System grew out of a natural progression, and everyone accepted this Money since they knew it was valuable and difficult to get; only through hard work and effort. So their system lasted to this day and there is no sign that it could ever collapse, change, or be rejected by the citizens of Aurelium. It is a natural emanation of the free market, and a just, fair and equitable system, and these are the essential qualities to its infallibility and enduring nature.
Now with internet banking the king instituted an electronic payment system where the gold can be deposited in secure, audited vaults and payments can be made in units down to nano grams of gold. Thus it is as convenient as any modern funds transfer system, except this is an Honest Money System, which can’t be printed out of thin air and has no counterparty risk; the gold IS the Money, and ownership always is vested with the Citizens, the actual owner, not any Bankster!
In Fiatistan the currency system was a parasitic, artificial construct, and moreover implemented by devious machinations by a clique of gangsters who had their game plan all set out in advance.
As one of their ancestors, Crimsonplaque, sinisterly quipped: “Let me issue a country’s currency and I care not who makes the laws”!
These gangsters understood all along that only money is real power and with that power one can control everything and seize ever more wealth from productive citizens. The citizens didn’t wake up to that fact until it was far too late and their kingdom was in such a parlous state of decline and their freedoms had been all but obliterated.
They looked with heavy hearts and more than a touch of envy across the border to Aurelium and sworn to themselves that for the next monetary system they will copy their natural system and never again let any parasitic gangsters take total control over their monetary system, lives and the entire kingdom!