Synopsis (Recap), 3

That is the reason why monetary sovereignty has an ABSOLUTE importance. It probably is the greatest and more important power that exists: he who has it is the ONLY one who can create in his own pockets purchasing power at ZERO cost out of NOTHING, while ANYONE else to have money and purchasing power must work, produce something, and bear the REAL costs of it.
If money has intrinsic value, as the gold coin of the past, to put together its purchasing power one has to work, to produce, to bear costs.
If money has zero intrinsic value, as today’s paper money, the work, the production, the costs to bear to put that purchasing power together are ZERO. One wields a magic wand, and one creates purchasing power in ONE’S OWN POCKET OUT OF NOTHING AT ZERO COST.
When this new money will be added to the money already existing, if society can absorb further production, then the purchasing power of this additional money put into it will enable this additional production and will be absorbed by it. On the contrary, if the current production already saturates what the society can absorb, or no further production is possible, then this additional money will increase the money to products ratio, hence will dilute the value of money, that is, it will generate inflation, and thus it will STEAL a percentage of the purchasing power from the money already existing in the pockets of others.
But stealing purchasing power by generating inflation is just an additional theft: in BOTH cases, inflation or no inflation, the holder of monetary sovereignty is the owner of the new purchasing power the moment it gets born out of nothing.

A key term of this subject is “Seigniorage”. Given the interests at stake, the definition of “Seigniorage” is subject to controversy. However, it is no surprise that such controversies are nothing compared to the interests at stake for the simple reason that these interests, being criminal, are based on the passiveness of the citizen, and that in turn is in proportion to his apathy, disinformation and ignorance, and the code of silence is an essential fertilizer for all this.
To put it bluntly, in short and in essence seigniorage is the profit of monetary sovereignty, and is equivalent to the difference between face value and intrinsic value that the holder of monetary sovereignty profits.