From Goldsmiths to Bankers, from Money to Currency, 3

Counterfeiter, who was this person? That who counterfeits money, not being empowered to by law. And who, in doing that, seizes the corresponding purchasing power created out of nothing. As a result we now have another one of the facets of banking – classic case of hiding something by putting it in plain sight behind a thin glass shrine made of those falsehoods “everybody knows as being the way it is and that’s it”: the banks do create money out of thin air, by doing so they violate the monetary sovereignty of the established power, they profit from it beyond belief, and they are allowed to do it without being prosecuted as counterfeiters – to say the least.

The reasons to label this type of money “ambiguous”?

First reason, it has an “in between” position, in that it is not “fiat” money without intrinsic value nor “gold” money having it, but it remains somewhat suspended between them. Or, to be less naïve and more precise, it is fiat money that pretends to be “gold” money and carries out its function as a suppression tool as long as this scam can be kept going and exploited. The “gold standard” “gold backed” paper money is but a promissory note that ends up to be no more redeemable in nothing at all – that’s why “gold backed” is in quotes here. It begins as a receipt for the actual value, meaning that it can be exchanged with the actual value at once, and progressively its being redeemable is more and more delayed and watered down and eluded and hindered and repudiated, until it totally vanishes. And while its being actually redeemable fades away, its exploiters profit from this to the detriment of people subjected to its concealed fading. It begins disguised as a “gold” money with intrinsic value, and ends up as a “fiat” money without it – without people becoming aware of it; and in the transition the whole key point of who is the owner of its “fiat” purchasing power the moment it gets born and of everything it yields in every possible form gets utterly and maliciously eluded to the criminal profit of its exploiters.