Today I look back at Charles Ponzi and how he came up with his scheme and compare to our current Central Banking fiat currency system to show that there is little difference between them.
Could you imagine how outraged people would be if they went to get their coats from a cloakroom at a restaurant with their tickets and were given a new ticket and told that their coats were gone! Well, that's what passes for "money" or banknotes today are just a representation of money and not money itself.
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Thanks again, Maneco64. Yes, the Ponzi works great until it doesn't. I'll be at The Local Coin Shop looking to trade my fiat for Silver.
It is true, in that paper money 💰 Is only worth what one believes it to be.
If you believe it’s worth a bag of chips, so be it, or a bottled water, but get caught up in a hurricane or any type of disaster and see how far the one dollar will go.
That bottled water is worth a whole lot more.
Same with money, it’s what someone is willing to pay for and believe in, is what keeps it going.
On another note let me add that with you tube and fakebook along with Twitter want to censor people , why in the world would one continue to use and support them....Dtube works great and steam is so much better...
Regarding BREXIT, I think one of the purpouse for BOE may be to confiscate European country's gold. Because EU countries may have to pay duty to retrieve their gold after BREXIT. Their gold would be frozen under the vault of BOE semipermanentary due to heavy duty for higher gold price.