GOLD WEALTH MANAGEMENT OFFERS A SHORT HISTORY OF GOLD
SINCE the dawn of creation, gold has been held in high esteem as a store of value and a universal monetary substance in all civilizations. But why?
Pleasant to the touch, highly malleable, resistant to all external influences, deep yellow in color and with deep luster, gold has captivated mankind and won a special place in human history. Clearly, this love of gold is not limited to the capitalist economic system.
Gold was greatly sought after in Greek and Roman times and throughout the Middle Ages. It is prized in the Middle East where it was used for the first time as money, and it?s also highly valued in China, Africa, the pre-Columbian America of the Aztecs and Incas, in the Russian Empire and even among the followers of Attila and Genghis Khan.
Thus gold is one of the few common values that has united mankind throughout the millennia, transcending race, religion and geography – a rarely noted fact but significant in light of today’s growing cultural convergence and emerging global economy.
After thousands of years serving as the world’s money in the form of coinage, the advent of paper and electronic money is now challenging gold’s monetary role in the 21st century.
Gradually, throughout the last several decades, gold has assumed a new role as a monetary reserve medium, rather than a medium of exchange. This subtle yet powerful monetary shift has gone mostly unnoticed by the American public.
By 1999, the powerful central banking community that controls all modern money creation began advocating the complete abandonment of gold as a monetary reserve.
Is this historic shift the result of the natural progression of human maturity? Is this the natural evolution of money, as Darwinian – Keyensian economists would say?
Or, is it a quantum leap toward total manipulation of the masses into a single manageable global political, social and economic system?
These questions are growing in the minds of many Americans. Let’s quickly review America’s monetary history and see if we can find some answers.
SUBSTANCE OVER SYMBOLISM The Folding, Spindling & Mutilating of America’s Money System
Imagine for a moment that you have the ability to create any amount of money, without ever having to produce anything.
Is there anyone or anything you couldn’t buy? Probably not.
Sound impossible? It should be, but it isn’t. Just ask your local Federal Reserve banker – they do it every day.
The folding, spindling and mutilating of America’s monetary system became legitimized in 1913, when the Federal Reserve was formed. Long ago bankers discovered a nasty little secret referred to as “fractional-reserve banking” which is fueled by credit and debt creation out of thin air.
The modern American monetary system is the result of an incestuous relationship between the federal government and the private banking cartel, deceptively called The Federal Reserve System (a.k.a. “The Fed”).
But don’t expect the mainstream press or prominent political figures to ever discuss this relationship publicly. Sadly, few Americans understand the process, or even challenge the Fed’s attempt to manipulate the money system.
In the two centuries prior to the creation of the Fed, unredeemable paper currencies were judged as unethical and immoral. As of 1792, they were deemed unconstitutional as well.
The fundamental misconception today is that America’s paper or electronic currency, denominated in Federal Reserve Notes, is that a dollar actually has any intrinsic value.
In the words of former Fed economist John Exter, “Today’s U.S. dollar is nothing more than an IOU-nothing.” Paper money retains only the symbol, or form, of its original substance – gold and silver.
Let’s now examine the untold story of how and why the U.S. dollar was transformed from substance (gold) to symbolism (debt) – and what you can do to recover the substance while you still have time.