Crime Against Humanity: the Ambiguous Money Cycle – Gold Standard Cycle, 6

In the beginning of their so−called gold standard, the paper money issued by the holders of monetary sovereignty bears a legend to the effect that it is receipt money, such as “payable in gold to the bearer on demand”; as we previously said, it pretends to exist for the sole purpose of easing and thus encouraging the circulation of purchasing power and thus production, exchange and wealth. This initial stage is also called, or described as, full convertibility, meaning that receipt money is “fully backed” and anyone is free to redeem it in gold at will without any restriction, but in actual practice ease of use takes the upper hand and people get accustomed to using paper, and so psychologically the consideration of value begins to seep from gold into paper; that is the real purpose of the whole manoeuvre, and its speed is gauged on the speed this seepage takes place in the minds of people. At that very speed starts that next stage of the same evolution towards all the benefits for the criminals and all the damage for the victims, as the need of society of a more abundant medium of exchange is perverted into a Trojan horse that puts all the related purchasing power into the hands of the usurpers of the monetary sovereignty.

You know how that goes: little by little, step by step, things get loosened, blurred, confused… “attenuated” is the term, actually. “Gold Standard” becomes “Classical Gold Standard” as something other than what is currently labelled “Gold Standard”, “Gold Exchange Standard”, and the like. The actual value proxy money should be a receipt for is put increasingly out of the reach of people: redemption rights are made more and more difficult, remote, obsolete, until eventually outlawed, either implicitly in “commonly accepted” practice – accepted by whom, one may ask – or explicitly in law; both possession and ownership of gold – or of wathever the backing value is – follow suit, and one fine day on the paper money there’s no more trace of the “payable in gold to the bearer on demand” legend any more. In the meantime, the same accepted practice or explicit law reserves its more friendly side to the moneypulators, granting them the privilege to issue an increasing amount of receipts for the same amount of actual value: increasingly more paper money for the same gold.

Crime Against Humanity: the Ambiguous Money Cycle – Gold Standard Cycle