Executive Summary History has shown there to be many problems with using precious metals as money. The reality is that precious metals are only in very rare circumstances actually money. Introduction Precious metals are often lauded for their historical use as money. However, there are normally large gaps in the explanation of the historical use…
Executive Summary Silver is commonly thought to be a good money. Interestingly, this assumption is so common that it requires investigating to find out it is not. Introduction Much less used than gold and the reason is it is not sufficiently scarce to allow private banking interests to monopolize. This is why they do not…
Executive Summary One view of money the modern view. However, another view is that money should only be considered and used as a tally. Introduction To tally means to count. Tally sticks were named such as they counted the goods and services that the government purchased as part of its spending. The Tally Sticks Versus…
Executive Summary The tally stick was an important innovation in the history of money. The tally stick was the most stable known type of money and it was fiat money not backed by anything. Introduction The tally stick was created in 1100 in England. The tally stick was the longest lasting and most stable fiat…
Executive Summary The Renminbi is a debt free money, and modeled on successful debt free monies throughout Asia. Mainstream economists and media cover the Renminbi without mentioning this important feature. Introduction The Chinese followed the American School of Economics and created their own debt-free currency in 1950. The Renminbi does not float against other currencies….
Executive Summary Money is most often an assumption rather than something to be questioned. However, it is a necessary question to ask what gives money value. Introduction This is a major point of confusion and is something that private banking interests deliberately exploit. Money is what governments say is money. All that is necessary is…
Executive Summary US Colonial Script was the debt free money that allowed the colonies of America to flourish. Today it is nearly impossible to hear about this debt free money, particularly from any mainstream economics source. Introduction The strong economic performance of the colonies was in part due to colonies issuing debt-free currency. As the…
Executive Summary US Continental Script was the debt free money that followed the US Colonial Script. This is yet another example of a successful debt free money. Introduction The Continental Script was government-created money not based upon debt that was issued during the US Revolutionary War. This is explained in the following quote. “The first…
Executive Summary The Guernsey Pound is one of many examples of successful debt free money. There is no debt free money that private banking interests or compliant media want the public to know about. Introduction The debt free money issued by Guernsey that has been issued as needed, grown enormously over decades and has not…
Executive Summary States, or countries that join a monetary union, normally cannot create money. The peculiar thing about this is it places private banks as more senior in responsibility and rights over state governments. Introduction As one example, California has high state taxes and high fees from living in the state. This includes even high…