Is All Money Debt? Comparing Private Versus Government Entities

Executive Summary The phrase is often stated that all money is debt. The answer is interesting and depends upon the banking system and also on who is being discussed. Introduction There are two different scenarios that it is essential to consider concerning this question. Scenario #1: The Question of the Private Entity The first scenario…

Paper Money Issued by Private Central Banks (PMIPCB-NP) (not pretending to be government entities)

Executive Summary This is one of the major types of money. The important feature is “who” issue the money. Introduction Many banks historically issued their own currencies in the US. This is particularly true during the 18th century in a period referred to as “wildcat” banking. These currencies did not have long lives, and the…

Paper Money Issued by Public Central Bank (PMIPCB)

Executive Summary This is one of the major types of money. The important feature is “who” issue the money. Introduction This is the most desirable state of affairs for central banking and has numerous examples of being successful including The US Greenbacks, the Colonial Script of the colonies of what is now the US, the…

The Distinctions Between Currency vs Money vs Cash

Executive Summary The terms currency, money, and cash are used in ways that defy specific definitions that one would ordinarily assume. We explain the usage of these terms. Introduction The terms currency and money are often used interchangeably. Many of the definitions that can be found are contradictory. It is true that the official money…

Is Bitcoin Money or a Speculative Commodity?

Executive Summary Bitcoin has enormous marketing pushing it in front of people. What is less discussed is whether Bitcoin can ever be money. Introduction Is Non-Governmental Control of Bitcoin a Good Thing as Bitcoin Enthusiasts Claim? The fact that a government does not control Bitcoin is promoted as a major positive by Bitcoin enthusiasts, but…

A False History of the Reichsbank, Courtesy of Wikipedia

Executive Summary Private banking interests change history to reflect the information they want to be accepted. A perfect example of this is found in Wikipedia’s page on the Reichsbank. Introduction The Reichsbank is described by Wikipedia as follows.. “The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in…