Sovereignty, Monetary Sovereignty, Monetary Monopoly, 3

Monetary monopoly exercised by issuing money made of raw matter having intrinsic value, owned and provided by citizens, deducting a mintage fee. Here the question is, how about the fairness of fee and the tendency to begin a departure between face and intrinsic value?

Historically, the established power ran the mint to provide people the service of preventing counterfeiting and providing the medium of exchange in a uniformed and usable form: people earned, say, gold by producing and exchanging, and had it minted in gold coins. The established power deducted a mint fee in exchange for the service.

Economic suppression is perpetrated by arbitrarily increasing the fee, or by putting into each coin progressively less and less gold than what is stamped on it.

It is quite the case to underline that the probably most famous term related to these matters – seigniorage – originates from this very departure between face and intrinsic value, where this departure is a plain robbery or a concealed fraud to the benefit of a very few and the detriment of the many.

Monetary monopoly exercised by issuing money made of raw matter having intrinsic value, owned by the established power. Here the question is, how was this raw matter acquired: was it earned or was it robbed?

Historically, some nations had government owned gold or silver mines with salaried employees, but some nations had looted other nations and enslaved people as well.

Economic suppression is perpetrated by plain robbing.

Monetary monopoly exercised by issuing money made of raw matter having intrinsic value, borrowed by the established power. Here the question is, how and why the established power decided to borrow this raw matter, particularly if it is of high intrinsic value as gold, rather than using another one with a lower value?