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Printed on cheap colored paper Type used is Times. This design journal was designed by The Kvltist, Romie Rahim Only one copy printed

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Foreword Money, the root of all evil. From gold to fiat currency and now cryptocurrency. In this issue we search deep into the United States central banking system, The Federal Reserves and how they are manipulating the world currency values by making humans to exploit worthless paper money therefore to be forever a consumer. It doesn’t stop here. The introduction of credit card worsen the situation, humans buy and consume the things they don’t need causing catalytic effect. The rising of “digital money” has raise concerns about the legitimate value of it or rather than just numbers on the screen form by pixels.

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The “Dajjal” System

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The Federal Reserve The Federal Reserve System is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act. Its duties today are to conduct

the nation’s monetary policy, supervise and regulate banking

institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.

Federal Reserve policy, one must come to terms with a

fundamental reality – everything the Fed does it does for

a reason, and the most apparent reasons are not always the primary reasons. If you think that the Fed simply acts on impulsive stupidity or hubris, then you haven’t a clue what is

going on. If you think the Fed only does what it does in order

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If one wishes to truly understand the actions behind private

to hide the numerous negative aspects of our current economy,

then you only know half the story. If you think the Fed does not have a plan, then you are sorely mistaken...

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Central Bankers and their political proponents espouse a globalist ideology, meaning, they are internationalists in their orientation and motivations. They do not have loyalties to any particular country. They do not take

an oath to any particular constitution. They do not have empathy for any particular culture or social experiment. They have their own subculture, with their own “values”, and their own social hierarchy. They are a kind

of “tribe” or “sect”; a cult,if you will, that views itself as superior to all others. This means that when the central bankers that run the Fed act, they

only act with the intention to support and promote globalization, not the best interests of America and Americans.

The process of globalization REQUIRES the dissolution of

the U.S. economy as it exists today. Period. There is no way around it. America can no longer remain a superpower in the

face of what globalists call “harmonization”. The dollar can no

longer maintain its petro-currency status or its world reserve

status if total centralization under a new global currency is to

be achieved. Globalists believe that America must be sacrificed

on the altar of “progress”, and diminished into a mere enclave, a feudal colony of a greater global system. The globalists at the Fed are no different.

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Once this driving philosophy is understood, the final

conclusion is obvious – the Fed exists to destroy the U.S. financial system and the U.S. currency mechanism. That is what they are here for.

This is why the dollar has lost 98% of its value since the Fed

was established in 1913. This is why the Fed deliberately

engineered the derivatives bubble crisis through the

implementation of artificially low interest rates. This is massive bubble in stocks and bonds through QE stimulus. This is why the Fed is cutting stimulus today.

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why their response to the crisis was to create yet another

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The Fed’s ‘hidden agenda’ behind money-printing The markets were surprised when the Federal Reserve did not announce a

tapering of the quantitative easing bond buying program at its September meeting. Indeed, its signal to the market that it was keeping interest rates low was welcome, but there may be a hidden agenda.

Since it began in late 2008, QE has spurred a vigorous debate about its merits, both positive and negative.

On the positive side, the easy money and low interest rates resulting from

quantitative easing have been a shot in the arm to the economy, fueling the stock market and helping the housing recovery. On the negative side, The

Fed accomplished QE by “printing money” to buy Treasurys, and through the massive power of its purchases drove interest rates to record lows.

But in the process, the Fed accumulated an unprecedented balance sheet of more than $3.6 trillion which needs to go somewhere, someday. But we know all this. I believe that one of the most important reasons the Fed is determined to keep interest rates low is one that is rarely talked about, and which comprises a dark economic foreboding that should frighten us all.

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of the money you pay in personal income tax went to pay just one bill, the

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Let me start with a question: How would you feel if you knew that almost all

interest on the debt? Chances are, you and millions of Americans would find that completely unacceptable and indeed they should. But that is where we may be heading.

Thanks to the Fed, the interest rate paid on our national debt is at an historic low of 2.4 percent, according to the Congressional Budget Office.

Given the U.S.’s huge accumulated deficit, this low interest rate is important to keep debt servicing costs down.

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But isn't it fair to ask what the interest cost of our debt would be if interest rates returned

to a more normal level? What's a normal level? How about the average interest rate

the Treasury paid on U.S. debt over the last

than the 2.4 percent we pay today, in 2020 our

That rate is 5.7percent, not extravagantly

Now compare that to the amount the Internal

20 years?

high at all by historic standards.

So here's where it gets scary: U.S. debt held

debt service cost will be about $930 billion.

Revenue Service collects from us in personal income taxes.

by the public today is about $12 trillion. The

In 2012, that amount was $1.1 trillion,

true, but the United States is still incurring

more normal level of, say, 5.7 percent, 85

budget deficit projections are going down,

an annual budget deficit by spending more than we take in in taxes and revenue.

The CBO estimates that by 2020 total debt held by the public will be $16.6 trillion as a result of the rising accumulated debt.

Do the math: If we were to pay an average

interest rate on our debt of 5.7 percent, rather

meaning that if interest rates went back to a percent of all personal income taxes collected would go to servicing the debt. No wonder the Fed is worried.

Some economists will also suggest that interest

rates may go much higher than 5.7 percent largely as a result of the massive QE exercise of printing money at an unprecedented rate.

We just don't know what the effect of all this will be but many economists warn that it can only result in inflation down the road.

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As of today, interest rates are rising, and if this is a turning point, it is a major one. Rates in the U.S. peaked in 1980 (remember the 14 percent Treasury bonds?) so if we are at the point of reversing a 33-year downward trend, who wants to predict how this will affect the economy? One thing is clear: Based on CBO projections, if interest rates just rise to their 20-year average, we will have an untenable, unacceptable interest rate bill whose beneficiaries are China, Japan, and others who own our bonds. And if Americans find out that the lion’s share of their income tax payments are going to service the debt, prepare for a new American revolution.

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“The powers of financial capitalism had

(a) far-reaching aim, nothing less than to create a worl d system of financial control in

private hands able to dominate the political the world as a whole.�

- Carroll Quigley, member of the Council on Foreign Relations

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system of each country and the economy of

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Under capitalism, prices and wages are determined by the forces of supply and demand.

Members of a capitalist economy are driven to obtain the

maximum amount of utility (“benefit” or “profit”) at the

least cost. Privately owned industry caters to a consumer sector that wants goods and services of the highest value

for the lowest price. Competition forces companies

to keep prices low to attract consumers. The role of

government in a capitalist society is to protect the legal rights of actors in the economy, not to regulate the free market system.

In capitalism, the most effective companies are those that create the greatest amount of utility. The most inefficient

companies will be forced out of the market when the consumer discovers he can obtain the same goods for a lower cost elsewhere.

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Why it Matters: Capitalism characterizes the behavior of the global economy. Since the disintegration of the Soviet Union,

capitalism has become the dominant economic system worldwide.

Capitalism is often considered the antithesis of Socialism

-- an economic and political system where the ownership of capital (the means of production) is commonly owned. Socialist industry and production is regulated by the central government.

states that finance market prices are always at the correct

level at any given time considering all public information and expectations. Supporters of this theory believe that

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The Efficient Market hypothesis, an ideal of capitalism,

prices are necessarily always fair and correct. Dissidents believe that prices are often the result of random mistakes and misunderstandings and do not always represent the true value of a stock.

Through the ongoing balancing act of supply and demand, a capitalist economy is constantly striving to reach a level

of long-term equilibrium where supply matches demand

causing prices to stabilize. In the real world, political policy, natural weather events, consumer confidence and

a whole host of other outside effects constantly affect the market, making the long-term equilibrium goal nearly impossible to achieve.

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Emergence of Credit Cards

In the early 1900s, oil companies and department stories issued their own proprietary cards, according to Stan Sienkiewicz, in a paper for the Philadelphia Federal Reserve entitled

“Credit Cards and Payment Efficiency.” Such cards were accepted only at the business

that issued the card and in limited locations. While modern credit cards are mainly used for convenience, these predecessor cards were developed as a means of creating customer loyalty and improving customer service, Sienkiewicz says.

The first bank card, named “Charg-It,” was introduced in 1946 by John Biggins, a banker in Brooklyn, according to MasterCard. When a customer used it for a purchase, the bill was

forwarded to Biggins’ bank. The bank reimbursed the merchant and obtained payment from

the customer. The catches: Purchases could only be made locally, and Charg-It cardholders had to have an account at Biggins’ bank. In 1951, the first bank credit card appeared in

New York’s Franklin National Bank for loan customers. It also could be used only by the bank’s account holders.

The Diners Club Card was the next step in credit cards. According to a representative

from Diners Club, the story began in 1949 when a man named Frank McNamara had a business dinner in New York’s Major’s Cabin Grill. When the bill arrived, Frank realized

he’d forgotten his wallet. He managed to find his way out of the pickle, but he decided there should be an alternative to cash. McNamara and his partner, Ralph Schneider, returned to

Major’s Cabin Grill in February of 1950 and paid the bill with a small, cardboard card. Coined the Diners Club Card and used mainly for travel and entertainment purposes, it claims the title of the first credit card in widespread use.

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“Those carrying a credit balance


scale back to making the minimum payment each

month so they have more

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money to put into savings�

- Suze Orman

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Bank card associations “The general-purpose credit card was born in 1966, when the Bank of America established

the BankAmerica Service Corporation that franchised the BankAmericard brand (later to be known as Visa) to banks nationwide,” Sienkiewicz writes.

In 1966, a national credit card system was formed when a group of credit-issuing banks

joined together and created the InterBank Card Association, according to MasterCard. The ICA is now known as MasterCard Worldwide, though it was temporarily known as MasterCharge. This organization competes directly with a similar Visa program.

“The new bank card associations were different from their predecessors in that an ‘openloop’ system was now created, requiring interbank cooperation and funds transfers,”

Sienkiewicz says. Visa and MasterCard still maintain “open-loop” systems, whereas American Express, Diners Club and Discover Card remain “closed-loop.”

Visa and MasterCard’s organizations both issue credit cards through member banks and set and maintain the rules for processing. They are both run by board members who are mostly high-level executives from their member banking organizations.

As the bank card industry grew, banks interested in issuing cards became members of

either the Visa association or MasterCard association. Their members shared card program costs, making the bank card program available to even small financial institutions. Later,

changes to the association bylaws allowed banks to belong to both associations and issue both types of cards to their customers.

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The future While the plastic card has been the standard for a half century, recent developments show

alternative forms of payment rising to prominence, from online services such as PayPal to credit card keyfobs to chips that can be implanted into cell phones or other devices.

But with the sheer volume of devices in use around America whose sole purpose is to read

a flat piece of plastic with a magnetic stripe, the “card” in “credit card” is unlikely to pass from the scene any time soon.

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Insights: Digitized Money





singularity, is an ugly word I created to

describe an unfortunate approaching moment in time when our current technological snooping prowess, the ease of big data

manipulation and our sprint to a cashless economy will converge. This will happen

in such a way as to permit governments to

exercise incredibly powerful control over all human behavior.

While this may sound like a paranoid doomsday scenario to some, as a real world

finance professional, I believe that this scenario is not only eminently possible, but most of the technology is already available

— albeit not yet fully marshaled — to frighteningly make it reality.

Technological advances have led to the creation of algorithms that can instantaneously review financial transactions, determining the





technology when they receive fraud alerts after a transaction that looks out of kilter with

the particular consumer’s normal purchasing patterns. The technologies can thus serve to protect consumers. That said, they have

already been used to control consumer

behavior. In 2010, Visa and MasterCard,

bowed to government pressure — not

even federal or state law — and banned all online-betting payments from their systems. This made it virtually impossible for

these gambling sites to continue operating regardless of their jurisdiction or legality.

It is not too far-fetched to wonder if the

day might come when the health records of an overweight individual would lead to a

situation in which they find that any sugary drink purchase they make through a credit or

debit card is declined. Sounds far-fetched but maybe not so.

nature, location and even the appropriateness

of a purchase decision. These have been freely used by credit- and debit-card companies.

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You might think then that the person can

A singularity is defined as the point in which

purview of these technologies. This may be

change human civilization and perhaps even

always pay cash and remain outside the the case for the moment, but we are well on the road to becoming a cashless society.

According to a MasterCard study, 80 percent of U.S. consumer transactions are electronic. In Sweden, one observer estimates that

only 3 percent of transactions are made with currency. In fact, the decline in cash use has become so pronounced in Sweden

that homeless beggars have been given card readers by Situation Stockholm to sell freely

distributed newspapers and to receive alms,

technological advancement will “radically human nature itself.” It is impossible to know

if this will actually happen, but a cashless society would certainly give governments unprecedented access to information and power over citizens. Currently, we have

little evidence to indicate that governments will refrain from using this power. On the contrary, the U.S. government is already using its snooping prowess and big-data manipulation in some frightening ways.

since potential donors no longer carry cash.

The technological command of the National

subtle supporters of a cashless society as

and does not need repeating here. Suffice it

Governments and central banks are also there are indeed costs to producing currency and coins. Monetary policy could also be

much more efficiently executed without currency circulating, since it would then

be easy to implement negative interest-rate policies. But there is also a sinister risk to a cashless society. This point comes when a

society goes cashless and the potential for econgularity is at its highest.

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Security Agency has been widely reported on to note, that it would be no challenge for the

NSA or certain other government agencies

to monitor any company or consumer transaction in real time, if it so desired.

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The U.S. government has also been using less dramatic means

to limit the freedom of its citizens. In recent years, it made it increasingly difficult for companies to operate or individuals to transact by adding compliance hurdles for banks wishing

to deal with certain categories of clients. By making it too expensive to deal with certain clients or sending the signal that a bank should not deal with a particular client or type

of client, the government can almost assuredly keep that company or person out of the banking system. Banks are so critically dependent on government regulatory approval for

their actions that observers like Warren Buffett, among many others, have recognized the government’s immense power over

banks. Recently, even JPMorgan, announced that it would be ending relationships with whole categories of clients that pose compliance challenges.

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If current government trends continue, a cashless economy could thus very well lead to an econgularity. Imagine a future

in which soon, a government staff member could suspect an individual of some misconduct, or perhaps deem that person’s politics or speech unacceptable. It would take just a few

keystrokes to order all financial institutions to decline any withdrawal or payment from that individual and to transfer

any deposits or payments of that person to the government, or at least freeze any access to funds. Perhaps this would need to

be reviewed by a secret court that would approve 99.7 percent of all requests, but would provide a veneer of due process. It is

fair to think that the targeted individual might starve to death. This could be insured by cutting off access to the payment system of anyone suspected of helping the targeted individual.

While bitcoin, a private synthetic cyber currency, might seem

like an antidote to this scenario, it, too, requires connectivity, which can be subject to monitoring. Further, the exchange of bitcoin to the currency of the country in question can be

regulated in ways that could limit or even end its utility. Testimony by regulators to the U.S. Senate on Nov. 18th that

the government can deal with bitcoin via the existing currency

transaction surveillance laws and surveillance methods in

place is a pretty good indication that U.S. agencies could also envelop bitcoin via meta-data and behavioral analysis.

It is by no means certain that such a dystopian outcome will occur in a cashless society. It could be that certain countries

such as Sweden can make the leap without any adverse consequences. But my fear is that some governments will

find it irresistible to take much greater control of the everyday behaviors of their citizens simply because they can. T he “ Dajjal” S ys tem

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There are certainly positive outcomes that can be obtained

by going cashless. For example, banning sale transactions of cigarettes or sugary drinks or stopping cardholders from

overeating, gambling, or whatever other vice is targeted, could lead to a decrease in these vices and their associated problems.

A decrease in those problems could positively impact other

areas, like, for example, our nation’s health-care system. A cashless society would probably also mean less street crime.

Yet in return for these benefits, there is an incalculable cost to our humanity. We would lose our freedom to make decisions.

It is easy to imagine a totalitarian regime using these tools to great harm. Given current U.S. government policies, it is also very easy to imagine even a liberal government such as our own, being sorely tempted to use the confluence of these technologies. And once used, because they are so very, very

powerful, even liberal governments will be enticed into using

them until there is pretty complete monitoring and control of every transaction.

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So now is the time to urge Congress to repeal civil forfeiture and to forbid government agencies from intruding on the financial

payments of U.S. citizens or companies without due process

unless it is a matter of national security or imminent harm. We can also hope that the Supreme Court will find civil forfeiture to be unconstitutional as it should be viewed. By putting such strictures in place today we can change the trajectory of our

current path. On a day-to- day basis, we should also decrease out debit- or credit-card use to preserve the market share of currency in our economy and stop the demise of cash. There

are lots of other benefits to this as spending real cash out of our

pockets makes us consider our expenditures more carefully and increases our savings rate.

Philosopher and economist Adam Smith observed

that we are all economic beings in the sense that our essence as humans stems from our ability to make fair trades for our labor or our products. We make

these transactions in the presence of the usually benevolent “invisible hand,” as Smith called it in his book “An Inquiry into the Nature and Causes

of the Wealth of Nations.” The invisible hand optimizes our total production, and, by and large, fosters our freedom. A “visible hand” monitoring every single transaction we make could be one of

the greatest and least expected — threats to freedom we have ever encountered in human history. This is the threat of econgularity.

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Insight: Fiat Money -Toilet Paper Money

The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has

ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.

Why would it be different here in the U.S.? Well, in actuality, it hasn’t been. In fact, in our short history, we’ve already had several failed attempts at using

paper currency, and it is my opinion that today’s dollars are no different than the continentals issued during the Revolutionary War. But I will get into that in

a moment. In the meantime, I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time

is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.

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Fiat Money -Rome — The Denarius Although Rome didn’t actually have paper money, it provided one of the

first examples of true debasement of a currency. The denarius, Rome’s

coinage of the time, was, essentially, pure silver at the beginning of the first century A.D. By A.D. 54, Emperor Nero had entered the scene, and the

denarius was approximately 94% silver. By around A.D.100, the denarius’ silver content was down to 85%.


Emperors that succeeded Nero liked the idea of devaluing their currency in

order to pay the bills and increase their own wealth. By 218, the denarius was down to 43% silver, and in 244, Emperor Philip the Arab had the silver

content dropped to 0.05%. Around the time of Rome’s collapse, the denarius contained only 0.02% silver and virtually nobody accepted it as a medium of exchange or a store of value.

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Fiat Money -China — Flying Money When the Chinese first started using paper money, they called it “flying money,” because it could just fly from your hands. The reason for the

issuance of paper money is simple. There was a copper shortage, so

banks had switched to the use of iron coinage. These iron coins became overissued and fell in value.

In the 11th century, a bank in the Szechuan province of China issued paper money in exchange for the iron coins. Initially, this was fine,

because the paper money was exchangeable for gold, silver, or silk. Eventually, inflation began to take hold, as China was funding an ongoing war with the Mongols, which it eventually lost.

Genghis Khan won this war, but the Mongols didn’t assume immediate control over China as they pushed westward to conquer more lands.

Genghis Khan’s grandson Kublai Khan united China and assumed the

emperorship. After running into some setbacks with paper currency, Kublai eventually had some success with fiat money. In fact, Marco Polo said of Kublai Khan and the use of paper currency:

“You might say that [Kublai] has the secret of alchemy in perfection… the Khan causes every year to be made such a vast quantity of this

money, which costs him nothing, that it must equal in amount all the treasure of the world.”

Even Helicopter Ben would be impressed. Marco Polo went on to say:

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“This was the most brilliant period in the history of China.

Kublai Khan, after subduing and uniting the whole country and adding Burma, Cochin China, and Tonkin to the

empire, entered upon a series of internal improvements and civil reforms, which raised the country he had conquered to the highest rank of civilization, power, and progress.”

Wait a second, I thought we were bashing fiat currencies

here…Can anyone say crackup boom? Since Marco Polo experienced this firsthand, and has been very helpful to us thus far, I think I will allow him to finish his analysis of China’s paper money experiment.

“Population and trade had greatly increased, but the emissions of paper notes were suffered to largely outrun

both…All the beneficial effects of a currency that is allowed to expand with a growth of population and trade

were now turned into those evil effects that flow from a currency emitted in excess of such growth. These effects

were not slow to develop themselves…The best families

in the empire were ruined, a new set of men came into the control of public affairs, and the country became the scene of internecine warfare and confusion.”

I wonder if Keynes read Marco Polo’s experiences

with Chinese fiat currencies when he said that the U.S.

government should just bury bottles full of money in old mine shafts to spur economic growth.


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Fiat Money -France — Livres, Assignats, and Francs The French have been particularly unsuccessful in their attempts with fiat money.

John Law was the first man to introduce paper money to

France. The notion of paper money was greatly helped along by the passing of Louis XIV and the 3 billion livres of debt that he left.

When Louis XV was old enough to make his own mistakes, he

required that all taxes be paid in paper money. The currency was backed by coinage…until people actually wanted coins.

The theme of the day…the new paper currency rapidly became oversupplied until nobody wished to own the worthless junk anymore and demanded coinage for their currency.

Oops. It looks like Law didn’t think that anyone would

actually want coins ever again. After making it illegal to export any gold or silver, and the failed attempts by the locals

to exchange their paper currency for something of actual value, the currency collapsed.

John Law became the most hated man in France and was forced to flee to Italy.

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“Every fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.” - Nick Jones

In the latter part of the 18th century, the French government again tried to give paper money another go. This time, the pieces of garbage they issued were called assignats. By 1795,


inflation of assignats was running at approximately 13,000%. Oops.Then Napoleon stepped on the scene and brought with

him the gold franc. One of the good things that Napoleon realized is that gold is the way of a stable currency, and that’s what pretty much ensued during his reign.

After Waterloo had come and gone, the French gave it another

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go in the 1930s, this time with the paper franc. It took only 12

years for them to inflate their currency until it lost 99% of its

value. History has proven a couple things about the French: 1) They are quick to surrender and 2) They are very talented at making worthless currency.

The sums of money to be paid by Germany were enormous,

and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)

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There are many consistencies from the mentioned stories that led up to the eventual collapse of the currencies.

The scary thing is that the U.S. has some of these above-

mentioned characteristics, the ones that lead to toilet paper

money becoming just that. More on that in just a second. I would first like to give a brief look at the U.S. attempts with paper money in our short history.

The first attempt with paper money came in 1690 with the issuance of Colonial notes. The first Colonial notes were issued

in Massachusetts and were redeemable for gold, silver, corn, cattle and other commodities.

The other Colonies quickly jumped on the toilet paper money

bandwagon and began issuing their own paper currencies. Like

a broken record, the money quickly became overissued. The

lessons of John Law and others were definitely not learned.

It is not good enough just to say that a currency is backed by

commodities. It actually HAS to be backed by commodities. Essentially, it was still a fiat money, and in a short period of time, Colonials became as good as toilet paper.

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We are currently at war, and the financing of this war is extremely inflationary. In fact, if you look back at our history, since 1914, the U.S has engaged in 16 military conflicts. We have been involved

in some form of violent international accord in 44 of the past 93 years. The overwhelming majority of military conflicts result in monetary inflation.

The U.S. has a debt similar to that of Weimar Germany. All though

the reasons for the debt are completely different, it appears thatthis

Mount Everest of IOUs is going to be impossible to pay back. I guess the U.S. could just print 10 trillion dollar bills and hand


them out, but the implications of such actions are obvious.

We are currently increasing the supply of dollars at a rate of 13% per annum. This overissuance of a currency has been the leading indicator of a currency on the brink.

So what’s in the future for the dollar?

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Some, myself included, might say that the dollar has already failed. It has lost over 92% of its value since its initial issuance

in 1913. After the revaluation in 1934, the dollar dropped another

41%. In my opinion, it already is toilet paper money, but for the above-mentioned characteristics, which are alarmingly similar to the circumstances that led up to the eventual collapse of the dollar’s toilet paper predecessors, I believe that we have seen

only the tip of the iceberg of the dollar’s inevitable path toward becoming toilet paper money.

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Coin Card, the Future? There are a number of startups seeking to make our financial

lives better, whether it be Simple helping users set budgets and goals or BillGuard to make them aware of fraudulent charges that show up on their credit cards. Then there’s Coin, which wants to create a sort of “one card to rule them all” solution

to the problem of sifting through all our credit and debit cards.

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The early response to Coin has been pretty overwhelming, with the company reaching its initial pre-order goal shortly after it went online. It’s kept pre-orders open since then, and you can still order a Coin for $50 plus $5 shipping on the company’s website.

card’s prototypes and spoke with founder Kanishk Parashar, who showed us how Coin

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We got an early look at one of the electronic

works. The card has a screen to see which card you’re using, a button to switch between cards,

a dynamic stripe to actually make purchases,

and a Bluetooth low energy chip to sync with your mobile phone.

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Assuming digital money is the future. All assets are own by the bank and stored in the database. What if the system encounter catastrophic failure, the entire data erase. What will be the future of us? Are we going to revert to barter trade? Will we be slaves to the dominant system?

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Coin cards are consoliditing all our credit and

the rising of cryptocurrency. So is physical money going die soon? Do you think this is how

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bank account infomation into one database and

the system will govern us in the future?

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Conclusion Money and more money. That’s the nature of humans. We get what we want and kept asking for more without ever question ourselves why do we need it so much in our life. The central banks especially in America has been targeted by conspiracist who believes the system has a plot to create a one government for this entire world. The creation of the credit cards signified the changed in terms of physical value. The numbers showed on the ATMs is it real? Or its just numbers and digits? Does it equals to real value to physical money or even gold? The idea of Coin card has been criticized online whether is safe and trustworthy. It consolidates all your debit and credit card into one data and a easy target for hackers to retrive its content. At the same time do you think it is a way for our future government to control us or enslave us?

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Bilbliography Burkeman, O. 2013. The cashless society is coming. More reason than ever to use cash. [online] Available at: J. Tanous, P. 2013. The Fed’s ‘hidden agenda’ behind money-printing. [online] Available at:

fiat-currency/. Lawler, R. 2014. Hands-On With Coin, The Electronic Credit Card That Hopes To Declutter Your Wallet | TechCrunch. [online] Available at: http://techcrunch. com/2014/01/02/coin-video-demo/. Smith, B. 2014. The Hidden Motives Behind The Federal Reserve Taper | Zero

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Jones, N. 2014. Fiat Currency. [online] Available at:

Hedge. [online] Available at: 2009. A Brief History of: Credit Cards. [online] Available at: http://,9171,1893507,00.html. Woolsey, B. 2014. The history of credit cards. [online] Available at: http://www.

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