{"id":56770,"date":"2021-02-13T12:23:50","date_gmt":"2021-02-13T17:23:50","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56770"},"modified":"2021-02-13T13:29:28","modified_gmt":"2021-02-13T18:29:28","slug":"a-world-that-operates-by-financial-cheating-and-unsound-money-is-doomed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56770","title":{"rendered":"A World that Operates by Financial Cheating and Unsound Money Is Doomed"},"content":{"rendered":"
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A World that Operates by Financial Cheating and Unsound Money Is Doomed<\/a><\/h3>\n<\/div>\n
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It’s all phony money but there’s no revolt yet.<\/div>\n<\/div>\n
Value for Value<\/strong>My friend Hugo Salinas Price wrote a short post that I agree with.<\/p>\n

Please consider\u00a0A World that Operates by Cheating Is Doomed<\/a><\/p>\n

In ages past, gold and silver provided humanity with a system of economic co-operation among productive humans, which was fair to all participants.<\/p>\n

With gold and silver, humans were trading value-for-value: what changed hands were amounts of physical gold or silver, or at least, Bills which were unquestioned claims upon gold or silver.<\/p>\n

When the exchange had taken place, everyone was happy! The seller because he had gold or silver, in exchange for the goods or services he offered; and the buyer was pleased because he had the goods or services he wanted, and he got them by tendering gold or silver in exchange.<\/p>\n

So, everyone was pleased: the buyer because he got the goods or services he wanted, in exchange for his gold or silver; and the seller was pleased because he traded the goods or services he had to offer, tor gold or silver.<\/p>\n

Under the present monetary system, there can be no justice or “fair trading”, because all the World’s MONEY IS FAKE MONEY. No money in today’s world is gold or silver, nor does it represent an unquestioned claim upon a stated amount of gold or silver.<\/p>\n

And a gigantic shooting war will mark the end of our times, as a result of the cheating involved – all because fake money was forced upon humanity.<\/p><\/blockquote>\n

No Consequences, Yet<\/strong><\/p>\n

Except in isolated hyperinflation cases, governments have learned there are no consequences to the ruling class (at least yet) for unsound money.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A World that Operates by Financial Cheating and Unsound Money Is Doomed It’s all phony money but there’s no revolt yet. Value for ValueMy friend Hugo Salinas Price wrote a short post that I agree with. Please consider\u00a0A World that Operates by Cheating Is Doomed In ages past, gold and silver provided humanity with a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[20952,309,14648,13390,536,8816,829],"class_list":["post-56770","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fake-money","tag-fiat-currency","tag-michael-shedlock","tag-mishtalk","tag-money","tag-sound-money","tag-unsound-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56770"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56770\/revisions"}],"predecessor-version":[{"id":56772,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56770\/revisions\/56772"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}