good bad money   
Since writing The Creature from Jekyll Island, A Second Look at the Federal Reserve, I have done a lot of thinking about and lecturing on the difference between good money and bad money. It’s a huge topic, but the difference is quite simple. Good money is something that is so stable in purchasing power over a long period of time that it can be used to measure the value of everything else. It’s like a yardstick. Because its length never changes, it can be used to measure things with different lengths.

Throughout 5.000 years of history, the only yardsticks that have well served the purpose of measuring monetary value are gold and silver. There are reasons for that, such as the fact that these metals last forever, can be analyzed for purity, can be divided and recombined, and have other qualities of convenience, but the primary reason is that, in a free society, the value of gold and silver is not determined by political decree or bank policy. It is determined by the free-market forces of supply and demand.

Because of that, it’s value always is in proportion to the human effort required to produce the gold or silver being used as money compared to the effort required to produce those things the money can buy. Because of this human-effort component on both sides of every transaction, it acts like a balanced scale. The value of one ounce of gold or silver on one side always remains in a stable relationship to the value of goods and services on the other side that can be purchased by that one ounce. That’s because both sides of the scale require the same amount of human effort to produce.


The consequence of this is that gold and silver maintain their purchasing power over time without state intervention. The fact that this value cannot be stolen by inflation is the primary reason I consider gold and silver to be ‘good’ money.
Silver Eagle
The US dollar used to be good money when it was backed by gold and silver but, since 1971, it has been backed by government IOUs, which merely are promises to repay trillions of dollars in debt with money that, first, must be taken from taxpayers. Promises to repay, especially if someone else has to make the payment, require zero human effort, and so politicians can create as many promises as they wish with the stroke of a pen or the click of a computer keyboard.
Gold Eagle
The result of this practice is that the money supply, based on these IOUs, expands at a rate faster than the expansion of goods and services and, since there is no human effort to balance the equation, the purchasing power of the US dollar has steadily declined. Since 1913, when the Federal Reserve was created, more than 97% of the dollar’s purchasing power has been stolen from those who earned those dollars. 97% in their lifetime! That’s about as good a definition of ‘bad’ money as you are likely to find. Owning ‘good’ money – gold and silver – is history’s only proven hedge against bad money.

So the question is; how do you do it? What’s the best way to acquire gold and silver?

The answer to that question depends mostly on your situation. How aggressive do you want to be? Do you have existing dollar-based investments you want to convert? Do you want rare coins or bullion coins – or bars? Do you already have a reliable source at competitive prices? How do you plan to protect your precious metals from theft or confiscation?

7K Metals logoThose questions cannot be answered without knowing your personal situation, but I can tell you about an interesting wholesale-buying club that should be of interest to everyone. This club delivers gold and silver coins at truly wholesale prices. It specializes in rare and collectible specimens but offers bullion coins as well. Purchases are scheduled monthly, they require no research or market analysis on your part, quality coins are delivered by mail at amazingly low prices, and, if you make referrals, you are rewarded in gold or silver coins. That’s it in a nutshell!  The club is called 7K Metals, and you can learn about it here.

I met the folks at 7K Metals when they exhibited at our Red Pill Expo in Hartford, Connecticut, June 7–9 of this year. I was impressed by their understanding of good vs. bad money, and I thought their business model has a lot going for it – so I signed up to check it out. Now I am the proud possessor of three, uncirculated and graded US silver Eagles. Although I previously only purchased bullion coins without numismatic value because of their lower price and larger market, I must say these beauties already have risen in dollar value, which has made their acquisition a good investment.

7K Metals invited me to be the Keynote Speaker for their upcoming Regional-Training event Sept. 6th and 7th in Long Island, New York, and I would be delighted to meet you there in person. I expect it to be a highly informative two days on good money, bad money, making money, and even a bit about future money. The title of my presentation is, not surprisingly, Money, Money, Money.

What’s the cost? Well, I have free tickets for those who would like to be my guest at this event. If this is of interest to you, please contact David Hart at 406-261-5231 to get on my VIP list. Space truly is limited. David is a great resource and will make it happen.

If you would like to learn more about the 7K referral program, you can schedule a time to speak with David here.

If you want to watch some videos on the 7K program, check coin prices, or secure your 7K Metals Membership today, click here.

If you want to bypass all that and go directly to the program, click here.

Hope to see you on Long Island.

G. Edward Griffin 

Views: 102

Reply to This

Replies to This Discussion

Most people cannot even imagine prices of goods staying the same over the years...

Gold and sliver is real money - for times of pending doom. I know someone who traded $3.000 worth of sliver for a $4.000 caravan, both buyer and seller happy and done deal. 

Supply and demand of the actual coins or bars themselves dictates the given value from what I have seen. They can be traded for any thing. When money becomes worthless or worst digital then metals will be the only thing left. 

Imagine someone fortunate paying for a house with gold. No stamp duties, taxes or council rates. Out of jurisdiction, virtually in Fee Simple.

You know, for many poor people a caravan is their house, so it is possible. They simply rent someones driveway space, park up and live on. We had a guy living in his van in our work car park for months. He would leave in early morning, go to the gym, exercise, shower up and be back at work parked up ready to commence duty before anyone else had got there. There was an outdoor tap so no water rates for him and no transport costs either. He was his own self contained unit. 

RSS

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

cheeki kea commented on Old Denmark's video
Thumbnail

Melbourne woman choked by Victoria Police as she resists arrest for not wearing a face mask.

"ha, True but they might not live that long in their masks when the rest of the country shows…"
15 minutes ago
Chris of the family Masters commented on Old Denmark's video
Thumbnail

Melbourne woman choked by Victoria Police as she resists arrest for not wearing a face mask.

"Not all is lost. By wearing those stupid face nappies cops shorten their lives. You always pay for…"
27 minutes ago
Chris of the family Masters commented on Bob Renner's photo
30 minutes ago
Chris of the family Masters favorited Bob Renner's photo
31 minutes ago
cheeki kea favorited Bob Renner's photo
38 minutes ago
cheeki kea commented on Old Denmark's video
Thumbnail

Melbourne woman choked by Victoria Police as she resists arrest for not wearing a face mask.

"Melbourne woman choked, She's more than just a normal woman, she's a Brave, feisty,…"
40 minutes ago
Bob Renner posted photos
1 hour ago
cheeki kea favorited Old Denmark's video
1 hour ago
Central Scrutinizer replied to Guardian of Scotland's discussion Ammo is about gone. If you do not have what you need now you may not find it.
"somebody needs to tell http://ammo.com cuz they're loaded for bear.....& deer....and…"
4 hours ago
Snakedaddy replied to Guardian of Scotland's discussion Ammo is about gone. If you do not have what you need now you may not find it.
"This is an ammo search engine. There is some left out there, but you better…"
9 hours ago
Aaron posted a video

The 34 Month FBI Coverup

This report focuses on the FBI's 34-month coverup involving the illegal spying on Team Trump. The report is based on recently declassified FBI documents.
11 hours ago
Chris of the family Masters posted a blog post

Studies of Surgical Masks Efficacy

As a person who went to medical school, I was shocked when I read…See More
12 hours ago
Chris of the family Masters posted a discussion

A Virologist Recants

IN THIS 2010 lecture, German virologist Stefan Lanka challenges the dominant thinking on germ…See More
13 hours ago
Phyllis Maka posted blog posts
13 hours ago
Aaron posted blog posts
13 hours ago
Chris of the family Masters commented on Old Denmark's video
13 hours ago
Chris of the family Masters favorited Old Denmark's video
13 hours ago
Central Scrutinizer favorited Phyllis Maka's blog post HAHA! HEY NANCY HOPE YOU DROP DEAD BEFORE BIDEN DOES! ALL YOU ARISTOCRATS YOU MUST BE IN YOUR 90'S or 100'S NOW
14 hours ago
Old Denmark posted videos
15 hours ago
Guardian of Scotland commented on Aaron's blog post U.S. SENATOR KAMALA HARRIS MUST BE ARRESTED AND DEPORTED IMMEDIATELY FOR IMMIGRATION FRAUD
"I meant to say naturalized versus nationalized. If they were not then this should be used by…"
18 hours ago

© 2020   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted