“Money, like religion, requires belief, and that should startle everyone reading this.
If you don't believe in money, no matter what form it takes or what rationale is applied to it, it vanishes like smoke dissipating into the air. Suddenly, you look around, and ask --- what made gold so valuable? Answer: your belief that it was so valuable.
It is the same way with all forms of money, all forms of currency.
Once you realize this, you also realize that the "medium of exchange" is arbitrary. It doesn't matter if you use metal or plastic or glass beads or digits in a bank ledger. It's your belief that these metal discs or plastic cards or glass beads or numbers on an account ledger "represent" the value of something else, that underlies both the monetary and the financial systems of the world.
….
Value, true value, has nothing to do with money, just like the rewards that shower down on us as "payment" have nothing to do with money or the form that money takes.
The belief in money stands in the way of both payment and reward. It is an obstacle, not a facilitator, of trade.”
International Public Notice: What Federal Reserve?
By Anna Von Reitz The petrodollar is dead. The BRICS silver-dollar settlement system is official. So, everyone will be able to settle pa...
