Ever since our economy got rid of gold as a foundation for money, money has been valued as a paper transaction between nations.
How else could there be such enormous amounts transferred from one country to another, daily?
How else could the enormous manufacturing process continue without the “credit” function existing?
How else could the economies of nations exist without “credit”?
How else could the credit function exist without the electronic transfer of wealth exist?
So now you see why we gave up the “gold system” and replaced it with the fiat (or paper) system.
Gold was too cumbersome!
So, enter the fiat (paper money, paper promises) system.
Now, the crooks could come in!... Now the entrepreneurs could start.
“Credit” was an “open season”!.......“Credit” was king!
No longer was a volume of gold to measure, but the total amount of “credit” (paper) could not be audited.
What a bonanza! A “bonanza” for the manipulation of a system…a world wide system!
A system without oversight! … a system that accommodated the new manufacturing process, a system that accommodated “credit”.
No longer was there a green shaded eye on the system; but nations began to apply any value it wanted to, to its existing improvements. Time attempted to sort these values out, but time was not enough. Nations began “currency” manipulations. They began to claim their values on their improvements. Soon; the world was in a mess!..... Nobody had an “oversight” system that worked. “Credits” were given, although “paper” were their backing. There was no way to control “anything”.
We had given up a reasonably controllable “gold system” for a more accommodating fiat (or paper) system….. “Credit” was still “king”. ….. “Use now and pay for it later!”……. “CREDIT”!!!
The money system does not exist!
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