Gold Payment Systems Provide an Alternative to Government Money
By: Mike Maharrey
|Published on: Jun 15, 2018|Categories: Federal Reserve
The federal government tries to maintain a monopoly on money, but you don’t have to use it. You can use an alternative. It’s just like the US Post Office. You don’t have to use the government option. You can ship a package with FedEx or UPS. In the same way, you can use an alternative to government money – you can use gold or silver.
Last week, the Texas Bullion Depository opened for business. The facility will not only provide a secure place for individuals, business, cities, counties, government agencies and even other countries to store gold and other precious metals, the law also creates a mechanism to facilitate the everyday use of gold and silver in transactions. In short, a person will eventually be able to deposit gold or silver – and pay other people through electronic means or checks – in sound money.
Some private companies already offer this option, including Utah-based United Precious Metals Association and a Canadian company called Goldmoney.
Goldmoney owns SchiffGold, founded by financial guru Peter Schiff. Peter recently talked about the benefits of using gold and silver in everyday transactions during a speech at the International Mining Investment Conference, in Vancouver, B.C.
As Peter pointed out, gold wasn’t always money. At first, people bartered. They traded apples for eggs, or chairs for belts. Over time, they realized they could just trade in one commodity and money began to evolve.
“There was a lot of competition over the years, but metal seemed to be the most efficient form of money and gold was the best metal to use. And gold functioned as money for thousands of years.”
Eventually, governments got involved by issuing paper money. Initially, currency was basically an IOU for gold. You could take your paper money to a bank and exchange it for physical metal.
“Nobody was dumb enough just to accept a piece of paper with a number on it and think it had any value. The reason people would accept a piece of paper was because it was backed by gold.”
But today, fiat money is backed by nothing. Peter said fiat doesn’t really work as money because it is not a reliable long-term store of value. A dollar works as a short-term store of value. It will probably still have value next week. It may even still have value in 10 years. But in 100 years? Who knows.
“One of the reasons that gold works so well as money is because it’s a reliable store of value. If I have an ounce of gold today, 10 years from now, 50 years from now, 100 years from now, it’s an ounce of gold. People can relate prices. You can have loans. You can contract. You can do all sorts of things with gold because it’s a reliable store of value.”
With companies like Goldmoney, you can open an account that is funded in gold. When you buy the metal, it is stored in a vault. But thanks to the evolution of electronic payment systems, your gold is liquid. You have 24/7 access to your gold. That means you can use it as a medium of exchange. With the swipe of a card, you can transfer a portion of your gold to another individual.
“It costs me nothing to transfer a dollar quantity of gold from my Goldmoney account to somebody’s Goldmoney account in Austrailia. So, it makes it very easy for me to move purchasing power to transact for goods and services and effect payment in real money. And more importantly, as a payee, if I want to be paid – if I want to perform a service for somebody in Austrailia and I want to be paid in gold rather than Aussie dollars or Canadian dollars or U.S. dollars – there is a mechanism that allows that payment to be made in gold. So, I can transact. I don’t need government money when I have a more efficient method of transacting and I have a long-term store of value.”
You don’t even have to find somebody who wants to be paid in gold to use Goldmoney. The company has developed an app that works right on your phone, allowing you to transfer a portion of your gold instantly into local currency on a debit card so you can make payment wherever Mastercard is accepted.
Peter said he hopes eventually more and more people will use gold for everyday transactions, undercutting government’s monopoly on money.
“What my hope is ultimately for the future of Goldmoney is that as more and more people discover that gold is better money than the dollar or the euro or the yen – not only is it a better and more reliable store of value, but it is actually easier and cheaper to transact in it, to use it as a medium of exchange, to write contracts in gold, to borrow money in gold, to have bonds that pay in gold, to have insurance policies that pay off in gold, people can start utilizing gold, and merchants and eventually people can start pricing their products in gold … you know, in a global economy, why even use all these currencies? Everybody knows what gold is. Instead of having to worry about what currecny you’re going to price a product in, just price it in real money.”
Payment systems like Goldmoney, United Precious Metals Association and the one soon to be developed by the Texas Bullion Depository have the potential to break the Fed’s monopoly on money. Gold payment systems create an alternative to government money and provide a practical way you can engage in an individual act of nullification. If enough people start using gold and silver as money instead of Federal Reserve notes, the Fed could become effectively irrelevant.
Urgent Appeal --- The First Bank Founded on Love
For thousands of years, banks have been founded on lies and idolatry and self-interest, so the entire concept of a bank founded on love is as alien as a mermaid goat. And yet, yesterday, The Global Family Bank was founded on exactly that premise: the idea that money should serve humanity, instead of humanity serving money.
If you step back and think about it, as I often have, the common banking paradigm reduces the joy and dignity of mankind to the level of being rats in a maze, learning to push the button to get a treat--- and it's an arbitrary treat, a commodity akin to any other widget.
It's hard to hold back the overwhelming sense of incredulity once you think about it and grasp the situation: we are letting ourselves be enslaved to little pieces of paper, plastic cards, little round pieces of metal, or even worse, digits on a ledger.
The whole situation is, in truth and in fact, ridiculous.
So let's think about these things more deeply.
And when we do, we find that, as with so many other things, we've been living in a world that is upside down and backward.
Money isn't the measure of a man. Man is the measure of money.
Faced with these facts and the looming crisis the bankers are deliberately creating both by manipulating commodities including gold and silver, and by failure to offset debt, what is one to do?
Let 70% of the world's population starve or fall victim to violence? Let the creatures of Hell feast on us again? We think not.
Yesterday, The Global Family Bank came into existence ---- a sovereign international trade bank, together with its wholly-owned subsidiary, The Global Family Bank of Commerce.
This is the way the banking system is supposed to be organized, with international trade banks that stand under the Public Law owning and controlling their own commercial banks, so that all the banks remain accountable to the Public Law.
This, the system our ancestors mandated, is a far cry from the system we have now, in which the commercial banks run roughshod over everything and everyone, and their black-robed accomplices enforce their hegemony against the Public Interest.
How and why did this come about?
There's a missing piece in the banking system, just as there are a couple of missing pieces in our government structure.
The international trade banks that deal in actual assets --- not "hypothecation of assets" --- are missing. This has allowed the commercial banks to escape like bad dogs slipping the leash. Like the court systems, the commercial banks have functioned in capacities never dreamed of --nor allowed-- by our forefathers, and much to everyone's detriment.
The Global Family Bank is the first major international trade bank organized in over a century. By definition, it functions under the Public Law and deals exclusively in actual assets and Lawful Money. It's wholly-owned subsidiary commercial bank, The Global Family Bank of Commerce, will deal with commercial paper as necessary, but because it is owned and managed by The Global Family Bank, it will also in effect stand under the Public Law.
Picture the globe with all the banks you are familiar with appearing as red dots.
Then picture the globe again, with only a few scattered blue dots. The blue dots are multiplying and connecting, and The Global Family Bank is the hub.
Safe, honest banking, carriage accounting, no usury, no blind escrows, no open assignments, no funny business at all, cash-value assets only, lawful money only, deals directly with your Lawful Person, no bail-outs, no bail-ins, no secret handshakes, no interference with lawful transactions and transfers, no black robed hustlers enforcing "private" law.
Very soon, within days, Americans who declare and record their political status as Americans will be able to open accounts through their national bank's account in The Global Family Bank network. People throughout the world in other countries can do the same--- organize their land jurisdiction government, declare their political status, set up their international trade banks and join the fun.
It will be fun. It will be profitable. More importantly, it puts family first --- our family of mankind, our global family. The Global Family Bank will treat you like family, protect you like family, and make sure that you have a cash-value means to trade no matter what happens.
So when Basel 3 trips the wire and the Gold Fix is no longer fixed, and the price of gold predictably skyrockets (unless we can bring our gold reserves to bear first) and cash dries up (as a result of the unallocated gold being withdrawn from the stock market) you won't be left standing there with nothing in your pocket.
A great deal of work has to get done in a short time and massive amounts of assets have to be ledgered, new account structures have to be set up, vendor cards issued, and all sorts of other footwork done in a matter of weeks. National banks operating in international trade have yet to be formed in some countries, bank treaties have to be signed, connections made, accounts created.
You can imagine the flurry of activity.
If you are, for example, a German living in Germany, who woke up and declared yourself a living man and claimed all your rights and assets and recorded your claim on our Land Recording System or via other appropriate means---- gather your like-minded friends together, and use our template to form two banks --- an international trade bank, and a commercial bank that is a wholly-owned subsidiary of your international trade bank.
Then sign a bank treaty with The Global Family Bank --- connecting your bank to the other "blue dots" as they populate the globe.
Don't worry and throw up your hands and think, "I can't do this! I don't know anything about banking! What about all the regulations! What about security! What about....."
You can do this. We have your back. Besides, you have to do it.
The artificial spikes in gold prices (expect two of them, one this summer and another in January-February) and the sudden drying up of cash and lack of connectivity occasioned by the Basel 3 accords means that even those who have gold and silver won't be able to trade in such a scenario.
Why? Because nobody is equipped to trade in real assets anymore, aside from one-to-one bartering by hand.
Imagine the situation. There is no cash anywhere. You have gold and silver coins saved up for a rainy day, but what you need is five gallons of gas. What do you do? Go down to the gas station and barter a gold coin for the gasoline?
But wait, will there even be any gasoline to buy? Probably not, because the entire transportation of products to market will be impacted. It is in fact already being impacted.
We all have to keep our heads, join together, and make this work.
At this point, you must admit that the bankers are destroying the world as we have known it, in a final, bitter, death-cult, scorched Earth policy battle pushed by the Bank of England/HSBC, their Chinese equivalents, and the Bank of International Settlements. And they don't have anything viable to replace what they are destroying.
Nobody can save us but ourselves. We have two months to do it. All of us, worldwide.
Strange as it may seem, considering the trillions of dollars worth of assets that belong to us and which need to be placed on the bank's ledgers, we are still limping along on cash donations to spool this entire effort up.
Loathe as I am to condone any form of price fixing, we must all bring as much political pressure to bear on the Bank of International Settlements as possible, to delay the enforcement of Basel 3 on their affiliated banks--- which without a viable replacement system in place, is the equivalent of genociding 70% of humanity.
The safety net is being spread, the resources are marshaling, but time is the critical element now. We have to have time to spread the net over the whole globe and do it as quickly as possible. Basel 3 must be delayed long enough to deploy the trade banks worldwide, or the bankers will literally be guilty of planned genocide.
Mail: Anna Maria Riezinger
Big Lake, Alaska 99652
The Global Family Bank is not "public" yet and not on the internet yet. Please understand this and remain calm and upbeat. Keep checking my articles daily for news and instructions. Those setting up National Trade Banks need to contact me via email with the subject line "National Trade Bank". Those seeking to cash in court judgements and transfer assets, please use the email subject line "Asset Transfer". Please withhold inquiries about getting individual accounts for now. You will get instructions. Soon.
People who are already members of the State Assemblies will be eligible for accounts as soon as The American States and Nations /ASAN Bank preparations are complete. No further action is necessary at this time.
People who have not yet declared and recorded their political status are advised to do so as soon as possible.
The American States Assembly.net
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.”
Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, there is still great interest in fedcoin on Capitol Hill. Some progressives have embraced fedcoin as a way to provide Americans with a “universal basic income.”
Both the Senate Banking Committee and the House Financial Services Committee held hearings on fedcoin in June. This is the first step toward making fedcoin a reality.
Fedcoin would not be an actual coin. Instead, it would be a special account created and maintained for each American by the Federal Reserve. Each month, Fed employees could tap a few keys on a computer and — bingo — each American would have dollars added to his Federal Reserve account. This is the 21st century equivalent of throwing money from helicopters.
Fedcoin could effect private cryptocurrencies. Also, it would limit the ability of private citizens to protect themselves from the Federal Reserve-caused decline in the dollar’s value.
Fedcoin would not magically increase the number of available goods and services. What it would do is drive up prices. The damage this would do to middle- and lower-income Americans would dwarf any benefit they receive from their monthly “gift” from the Fed. The rise in prices could lead to Congress regularly increasing fedcoin payments to Americans. These increases would cause prices to keep rising even more until we face hyperinflation and a dollar crisis. Of course, we are already on the path to an economic crisis thanks to the Fed. Fedcoin will hasten and worsen the crisis.
Fedcoin poses a great threat to privacy. The Federal Reserve could know when fedcoin is used, who is using it, and what they use it for. This information could be shared with government agencies, such as the FBI or IRS. CONTINUE
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