Money is a measurement of prices, not of value.
The clever ( some would say diabolical ) purpose of an elastic fiat monetary system created out of fractional reserves is to create a tool for manipulating the population into an addiction to credit. As the monetary supply is inflated, prices of goods rise to a level that makes them unattainable for most people using only their wages, so they supplement their standard of living by making purchases on credit. This 'feeling' you have of always playing catch up is not just some feeling, it's reality. The system is designed to trap you into a buy now, pay later mindset.
Since credit is the only 'product' issued by the banks, this creates permanent demand for their services. This is why the banking cartel is fanatical about capturing or installing their own central bank. The government must be eliminated as a lender of credit into the economy. Likewise, all competing forms of money must be outlawed, because any legal tender backed by something real like a precious metal will always drive the weak paper fiat of the central bank out.
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Saturday, February 13, 2010
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