and YOU, poor innocent dupe … will be paying for it—
The creation of the Silver Ruble coin would mark an important precedent, because at present, no government in the world issues currency: all governments have abdicated from that right, in favor of their respective Central Banks, each of which belongs to the world-embracing syndicate of Central Banks headed by the Federal Reserve of the USA.
The present worldwide system of Central Banking has exhausted its possibilities, as is evident in the fact that 17 countries in the world are now suffering “negative interest rates”, that is to say, interest rates below zero for large depositors in banks, which amount to a punishment on savers. The “negative interest rate policy” is a logical aberration and serves to demonstrate the intellectual bankruptcy of the world’s Central Banking System.
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—when the ship hits the rocks.
Full ahead all engines!
(There, that’ll save us …)
It does me no favours to know (when I’m laughed at for suggesting that we need a real Means Of Exchange rather than the ‘monopoly’* money we are using) that I’m right and all the legions of experts are so very wrong. They call it ‘fiat’ currency. I call it faith currency, and what do we do when we run out? Not of currency** but of faith? Ouch.
The writer quoted above also adds this bit:
The rising price of silver would translate to a rising monetary quote for the Silver Ruble, making it ideal as an instrument for the modest amounts of savings that even the poorest Russian would like to have: the rising monetary value of the Silver Ruble would protect savings from inflation, while being totally liquid at any moment.
The Silver Ruble coin’s monetary value, given by a quote on the part of the Treasury, should increase with increases in the value of the silver content, but remain unchanged with falls in the value of the silver content. History provides abundant proof that nations that have used silver money, have always disregarded falls in the value of the silver in their silver money.
Make of it what you will.
Now—what changed these rocks into ‘money’? —>
Scarcity? Hardly…rocks are all over the place, you even find them in the Sahara or Antarctica.
Human input with chisels?
And these are just small change …
You just try creating these out of thin air …
*’Monopoly’ … don’t you remember that game, and how much fun it was to bowl people out with your costly hotels?
** Currency—never a problem. ‘They’ can (and do) print as much as they want. Just look at the way (I love mentioning ol’ Robert, he’s my hero) Mugabe made everyone in his nation a millionaire. Billionaire. Trillionaire. Wouldn’t YOU like to be a zillionaire too? (Don’t fret, it will come. You’re gonna be rich!)