Currencies As Money?

Excerpts from TraderView.com's Economic Commentary


"When looking at currencies, it is important to note that most masquerade as MONEY but are actually IOU’s from morally and fiscally bankrupt public servants and their monopolist companions in the central banks and banking systems. In order to differentiate currency from MONEY, we must first define which is which. So first, let’s look at the functions of money:

>Medium of Exchange
>Store of Value
>Standard of Value
>Measure of Value
>No one else’s liability


There are only two currencies which meet this definition and functions as such, and they are the longest running currencies in history: they are Gold and Silver. There are also techniques you can use to restore this definition to G7 currencies, but I won’t go into them here. In today’s world, currencies only live up to one of the definitions above and one other:

>Medium of Exchange
>Someone else’s liability: in effect, that of the government that issues them, such as the US Dollar, UK Pound, Swiss Franc, Euro, etc.; these are actually IOU’s."

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"Now we must introduce the MODERN day currency concept (from my good friend Clyde Harrison) of “CURRENCIES DON’T FLOAT, THEY JUST SINK AT DIFFERENT RATES”! To illustrate this, we will use a recent chart by James Turk (at http://www.fgmr.com , Freemarket Gold & Money Report; I subscribe and recommend you do too):



This is the picture of FIAT currency and credit creation and the theft of the purchasing power of the MONEY YOU HOLD WHILE IT SITS IN YOUR BANK. Gold and silver ARE NOT rising in value (they are holding their value steady); it is the purchasing power of your money SHRINKING through DEBASEMENT. It is gold REPRICING higher to reflect the lost purchasing power of the currency in which it is DENOMINATED. It is a stealth tax courtesy of YOU KNOW WHO! And the mainstream media says there is NO INFLATION. Wanna bet? THIS IS SET TO ACCELERATE WITH THE INEVITABLE PRINTING PRESS SOLUTIONS of the G7."