Commodity Trade Mantra

Posts Tagged ‘Commodity Money’

Will We Return To A Gold Standard Any Time Ever?

The fact that government does not back the currency with anything tangible seems implausible &d insecure. Under the current academic environment, as generations have been misinformed, deceived & lied to, it is unlikely that a return to a gold standard will take place. Until the intellectual battle is won, paper money & central banksters that manage it will continue their reign of financial terror.

The Concept Of Money And The Money Illusion

Guess what. Your money at the bank is not your money. A bank deposit is a loan to the bank, which should justify the fact banks only have a fraction of outstanding liabilities (receipts) in reserve. Let us examine this modern day practice of banking and the creation of what I call illusionary money. Simplified example: there is only book entry money, nowadays digital.

Bitcoin is Cryptographic Gold - Do You Agree?

On a conceptual level, Bitcoin has more in common with gold and silver as monetary assets than with state fiat money. The supply of gold, silver & Bitcoin, is not under the control of any issuing authority. Precisely why such assets were chosen as money for thousands of years.

Money Is Only Gold, And Nothing Else Could Be Money!

Gold has been considered money for millennia. There are several reasons why gold became money, but for brevity’s sake we can say that gold became money because money is always the most marketable good. Marketability refers to how readily people will accept something in trade.

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