Currency Backed Myths

Money lenders began clipping coins back in Egyptian days, to make an extra bit on the side so coins got smaller and smaller showing us how physical deflation works.

   If those coins were weighed, some would be worth more than others depending on how many times or how much was clipped, so the first ‘Myth’ was that money lenders said a coin was worth the same whether it was equal in weight or not.

   Gold is touted as the correct backing for the monetary system, however this came under attack as the printing of money far outweighed the ounces of Gold being found, so societies moved into fiat (non-backed) currency, even though silver was pushed as a replacement for Gold as it was more common.

   The problem with any ore or physical item as a backing, is that there are many ways to control this backing, as it can be bought, sold, found, stolen, hoarded, counterfeited, and poisoned to make it unusable (radioactive).

   These are physical conditions, but we also have the gold market which has turned a $20 ounce years ago into a $2500 ounce, showing us what a free market is really designed to do. Suppress the people and control resources.

In the 70's and 80's, fiat currency opened the door to copious amounts of wealth flowing from the poor and middle class to the rich.

    In 2024, the power base of the world under the American Dollar, was ditched because of the weaponization through the IMF and sanctions and tariffs imposed on countries which made it easier to take their wealth.

These currencies are still debt-based, as are the CBDC's which we are to begin using as cash is removed from the system.

   Today, as we enter WW3, we are faced with a choice to accept these CBDC’s which code the currency and make it easier to manipulate and suppress the population, and which is sold to us as another debt-based saving grace, or we see through this and move into a need-based world currency designed for the people.

    Kc or karmic credits is backed by an ideal, a goal of free basic needs under a foundation of freedom, equality, stability, and peace, and its system ends these powerplay war games.

    If society has a choice, which do you think we may prefer?