Honest money (gold) doesn’t lend itself to control, because it only lends itself to a constrained amount of debt. From John Wilder at wilderwealthywise.com:
“You must not take the Controller away. We will all die! The Controller is young and powerful. Perfect!” – Star Trek, TOS
Song lyric idea: “The Beautiful Sheeple, The Beautiful Sheeple . . .”
Currency started out innocently enough. If I wanted to sell my wheat and then buy some beer, well, I could trade my wheat to the brewer. But what if the brewer had all the wheat he needed, but needed, oh, hops? My wheat would do him no good. There is evidence of a guy making beer in the Bible, after all there’s a book in the New Testament named Hebrews.
I could try to trade my wheat to the guy who grew hops, but if he didn’t need any wheat, what was I to do?
The problem that currency solved was a simple one – how do I trade with someone who doesn’t need what I have? How can accountants get into amusement parks? How can ATF® agents do, well, anything since absolutely no one has any use for them?
The solution was some sort of medium of exchange. In one sense, it’s magic. As long as everyone believes, it works. When used judiciously (i.e., backed by gold on demand) it transforms into something that is hard to manipulate – what we’d call money.
