What do you think of it?
Gold is the Money of Kings
Silver is the Money of Gentlemen
Barter is the Money of peasants
and DEBT is the Money of Slaves
he is predicting fiscal SMOD
“A Government that is big enough to give everything you need and want is also strong enough to take it away.”
~ Gerald Ford
Rand Paul is a gold bug. And he does not understand the nature of money and wealth in a modern economy.
You think thats cryptic? Seems pretty obvious to me.
Put the crack pipe down, step away from the gold bars
Money is a non-physical something, perhaps akin to energy and life, that we use to represent and value the wealth we create.
Gold and silver are ancient representations for money
Paper certificates were a representation of gold and silver money
Paper notes are a representation of faith and trust
Gold and paper can both fail if the supply of money rapidly increases compared to the wealth the people create. Spain experienced inflation when they imported gold and silver from the Americas. Governments can more easily manipulate paper and probably always will because it’s too tempting and too easy to do.
“Gold is money. Everything else is credit.” — J.P. Morgan
Nothing cryptic about it - money used to be backed by something of actual value and paper and coin was a representation of that commodity - today it is an illusion.