Broadening our perspective of the world we live in: Money - Do you really understand what it is?

What is money? The simplest answer is: "an illusion". When you've finished this entry, you'll realize that:

1.Money, at least in its current form, has no value.

2.Our current "financial system" is a carbon-copy of previous financial systems which are proven failures. These systems generate large amounts of "money" for the short-run, but in the long-run the nation is ruined.

Three types of money

It is generally considered, by writers on the subject, that there are three basic types of money in the world:

Type 1: "Real" wealth, usually measured in gold and silver,

Type 2: Pieces of paper which claim to represent real wealth (i.e., bullion-backed paper money such as gold & silver certificates, etc.), and

Type 3: pieces of paper which represent nothing at all, but which an oppressive government will force you to accept as "money" (called "fiat" money).

As a general rule, type 1 economies are healthy and prosperous. I didn't say "trouble-free"! No system of any sort in this world is "trouble-free".

As a general rule, type 2 economies are associated with fraud, since the obvious first purpose of pretending that pieces of paper are "money" is to have the possibility of creating the illusion that there's more "money" than there really is.

Type 3 economies are associated with theft, because the disappearance of all the bullion invariably means that it's been stolen or misappropriated.

We are now irreversibly entrenched in type 3; namely, pieces of paper which represent nothing at all. What does this mean? It means that our complete net worths can be erased any minute of any day. And I can assure you, they will be before long.

There is a day of reckoning coming, when you will wake up to find that your life savings have been devalued, and that you've become worthless.

..to be continued.. penat geng..