Money is desired and hated alike but always misunderstood; How is it possible that we do not understand something that we use continuously and in such a decisive way in our lives? This is by no means something casual. Educators, journalists, political economists, and bankers have taken it upon themselves to obscure and confuse everything related to money.
It is impossible to understand the history of humanity without money and how it was kidnapped by a minority, to be used as a weapon to subdue the majority, let me tell you a secret money was born in freedom, it is the result of human action and spontaneous order and free money allows property rights to be freely exchanged.
As Murray Rothbard wrote
"In an environment of freedom, the merchandise chosen as money, its shape and weight is the result of voluntary decisions of free individuals", "private coinage is therefore legitimate and valid like any other commercial activity"
So the control of money gives immense power over the property of others, whoever controls money controls the world.
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Money is another asset of the economy and as such is subject to the most venerable of all laws, the law of supply and demand, its value is determined by the perception that people have about their purchasing power or their utility in the market.
What humanity chose as money, was, is and will be gold, but this metal is not exempt from problems, in particular with regard to its transfer, which is why it chose to give its gold in custody to goldsmith bankers, reputed for their impassable vaults, these bankers issued certificates of deposit that soon became negotiable thus becoming bank money, in practice it was much easier to use these certificates than to go and withdraw the gold from the vaults, so it did not take too long for the bankers realized that they could make a profit by lending the gold they had tied up.
The trick was to have enough to cover a withdrawal in case too many were to close their deposit accounts at the same time, that is, too many people were to withdraw their gold at once.
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The solution then was very quick to encourage deposits by paying interest on them, but there was still one more twist to go, the bankers understood that it was not necessary to move the gold itself, but that it was enough simply to print new certificates, they had found the key to the unholy alchemy, creating money out of nothing.
The bankers quickly became a power in themselves and managed to sit at the same table with the bishops and the king, and from that relationship they understood that, if their business was debt, they could not ask for a better client than those who obtain their income. through force (POLITICIANS), so they have no limit or restriction on spending.
This complicity between rulers and bankers, which continues to this day, was resolved with the creation of an institution that would benefit both parties, always to the detriment of the people, we are talking about the Central Bank.
