Jason Noble Drops Huge Intel On The Banking Industry

Jason Noble has spent many years in the. Banking sector.
​His info and insight will shock you. 
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 DigitalWarrior.uk

Fiat Currency vs Gold Standard. A nice write up.
What does it mean to have a “gold standard”, or to simply use real money itself (i.e. gold and silver currency)? It means that every currency unit is a “unit of value” (the definition of real “money”). It is backed by tangible wealth. When Paul Volcker assassinated the gold standard, suddenly each and every currency was transformed into a “unit of _____”(?)
As with all “fiat currencies”, there was no longer anything to give this so-called “money” any value. But while that is the most-obvious deficiency of all fiat currencies, it is arguably not the most-important deficiency. The other reason why (for a thousand years) every fiat currency ever created has been destroyed through hyperinflation (or removed before it could destroy itself) is there is no mechanism to limit supply.
This brings us to a fundamental principle of economics (and thus any/all monetary systems): any “currency” produced for free, and in (near) infinite quantities must be worthless. It must be worthless for two practical reasons, which go entirely beyond the fact that the “fiat currency” has no inherent fundamental value.
If one could produce currency (virtually) for free, and in (virtually) infinite amounts, one person/entity would create a near-infinite amount of this “funny money” – and buy every asset on the planet. It is because of this absurdity that we have the second practical reason which such a currency would be worthless: no one would respect such a currency. Thus they would not accept it as payment for goods/services.
“Debt-free money” (i.e. a gold standard) is legitimate, and practical, and sustainable. Debt-free currency is merely another form of paper, financial fraud. There is no rational, legitimate, economically sound manner in which any fiat-currency monetary system can ever be operated. By its very nature, every “fiat currency” must be grossly unsustainable and woefully fraudulent or fatally deficient in numerous, key respects. A thousand years of failed attempts at this ‘monetary alchemy’ attest to this elementary fact.
"Quantitative Easing”.
Every dollar/euro/pound/yen of “quantitative easing” is not merely worthless, but fraudulent – because our central banks have been cranking-out trillions upon trillions of this funny-money knowing that it was fundamentally worthless in every respect. In monetary terms, “QE” is literally identical to counterfeiting. Thus when our governments began their “QE” fraud, they made all of our currencies effectively worthless.
There is no way to distinguish a (totally worthless) “QE dollar” from the merely partially worthless “currency-from-debt” which these fraud factories have previously churned out. This is why our governments have always policed “counterfeiting” more seriously than virtually any other crime (except for their own counterfeiting).
The problem is that large quantities of counterfeit currency entering any monetary system do not simply “dilute” the value of that currency. They DESTROY the value of the currency being counterfeited, because the “integrity” of the monetary system is impugned, and thus the people lose confidence in that (corrupted) currency. One thousand years of history tells us that the moment any fiat currency loses the confidence of the people, it collapses to its true value: zero.
All credit for original article goes to:
https://www.sprottmoney.com/blog/debt-free-money-not-a-solution-jeff-nielson-sprott-money-news.html
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Digging Deeper...
The US Dollar IS NOT Fiat Currency (Although The Dollar Was Fiat When It Was Backed By Gold)