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People everywhere believe the fiat-created Federal Reserve Note, falsely called the “dollar,” is actually
a monetary dollar…[and it is nothing more than] debt issued by the Fed…Only gold and silver are money! What’s in your wallet?
The comments above and below are excerpts from an article by Michael Noonan (EdgetraderPlus.com) which have been enhanced – edited ([ ]) and abridged (…) – by munKNEE.com (Your Key to Making Money!)
to provide you with a faster & easier read.
Gold and silver each are a commodity. They have universal recognition and acceptance. Their value is determined by the market by what people choose to accept as payment for goods and services offered. By contrast, the Fed “dollar” is not money. It is a currency. A currency represents the actual money and, in today’s world, there is no currency that represents actual money. Fiat is imaginary. It does not exist except in one’s mind. Yet, around the world, everyone’s imagination believes their local currency is money. Only gold and silver are money!
If you go to a restaurant and use valet parking, you receive a stub to reclaim your car by the valet at the end of dinner. The ticket stub is not the car, it represents the car to be “redeemed” upon presentation. There is no currency in the world that represents money, and no currency can be redeemed for money.
Always remember, only gold and silver are money! This is a very simple truth, yet few accept it as truth. Almost everyone is too willing to believe that imaginary currencies are real money. For as long as most of the world is willing to accept this false premise, the globalists will always rule the masses much like sheep being led to financial slaughter.
How do most people measure the value of gold and silver? By their imaginary currency. Always remember, every currency is imaginary because it is backed by nothing. Any currency’s “value” is dictated determined by the source, the central bank issuing the imaginary money currency. When you understand the basic difference between money and currency, you will fully understand the globalist’s massive “money” Ponzi scheme which is aided and abetted by every government guilty of perpetrating the fraud, and make no mistake, the fraud is on you.
The only way to measure…the value of gold and silver is by the daily fluctuating number of fiats – of any country’s issuance – required to buy either metal. The value of gold and silver do not go up and down. It is the number of fiats that increases or decreases that determines how gold and silver are “priced” on any given day.
If people do not understand the basics, they will continue to believe that debt is money. The two are not and can never be interchangeable. In a Venn diagram, money and debt can never intersect for they have nothing in common. By contrast, because currencies are actual debt, not only do they intersect, as we show in the simple diagram below, they are concurrent overlaying circles, one and the same.
If a currency is a promise to pay, what is the promise you receive? None, zip, nada. All you can get is more of the same in different denominations. Currencies are more akin to the card game, Old Maid, where one wants to avoid being the last holder of the queen card designated as the Old Maid.
The American public will be in for the financial shock of their lives when they wake up one day and discover what they own are nothing more than Old Maids that have been devalued by 30%, 40%, maybe even 50%. The Old Maids will be the fiat Federal Reserve Note, falsely know as a “dollar,” but they will have declined in value relative to gold and silver, aka real money.
If it takes 1,300 fiat Federal Reserve Notes to purchase a [troy] ounce of gold, and one day, overnight, gold is revalued so that it takes 5,000 fiat Federal Reserve Notes to purchase the same one [troy] ounce of gold, it is not the [troy] ounce of gold that has changed. Instead, the number of fiats has been devalued, worth much less than the Federal Reserve once said they were worth which is why more and more will be required to buy the unchanged [troy] ounce of gold, and silver.
If you own a [troy] ounce of gold, you can exchange…[it] for 1,300 Federal Reserve fiat Notes by today’s measure. When the fiat is devalued overnight, your [troy] ounce of gold will then be able to be exchanged to 5,000 fiat Notes. In other words, your wealth effect will have been preserved…Remember, the money currency you hold in any bank is even more “unreal” than the paper currency that you may still think is money, because anything digitalized is pure fiction. If you have a family, they are real. If you have a digitalized family, they do not exist, except in your mind, just like currency.
Conclusion
If you want money and want to survive the massive economic failure that is destined to come, buy and hold gold and silver. The world has not been awash in debt more than it is now and that mushrooming debt cannot be sustained.
What’s in your wallet?
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