My Story . How i Stepped into the Rabbit Hole.
My passion is Entrepreneurship and i like to innovate, explore new businesses, and make it profitable. Therefore i'm constantly exploring option in making money, as well as discovering the interpretation of money. I constantly doing my self-research and study. For now, my interpretation of Money & Value is equals to = Labour X Time. We as human, are constantly finding ways to store our Value (Labour X Time). And also to exchange & trade our Economic Energy (Value) with each other.
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It came to a point that we as human being, had used Gold and Silver as a form of Money, a medium of exchange to trade with each other. People call it God's Money because it comes from the mother earth. No one can claim they own it and it is impossible to artificially made one. Simply said, you can't print Gold & Silver.
Fast forward, the World Gold Standard had been taken down by the US President Richard Nixon, and the Bretton Woods system was Abolished 1970s. From there, the US dollar and the World Fiat Money System do not back by Gold. Paper money is solely back by the Citizen's Confidence towards their Country. Paper money were PRINTED when necessary, especially in War & Economy Crisis. And when there is only a few Elites representing the entire nation to decide, when and how much should the money be printed, we know something terribly wrong is happening. What they printed is - FAKE MONEY. Why? Because it doesn't back by anything. The printed money doesn't originated from True Value (Labour X Time). This is the secret of how your Wealth been stolen. This is why i encourage people to accumulate Gold & Silver, to store their wealth in precious metals. Because it is something "out" of the centralize financial system.
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SO, What's the Big Deal about Money Printing?Why i'm Piss!
Imagine, you work day and night, work hard to earn your fair Economic Value (Labour X Time). Even if you are already rich enough to hire someone to do your job, the money is Still honestly earn by another person's (your employee or vendor). It is still consider True Value. But now, imagine your little Friend A come along, he started to print money and it is not back by anything. He tell everyone to "trust" the money that is printed by him. And his money have equivalent value with your money, which you honestly earn by your Labour X Time. Don't you Piss Off? If you don't think there is something wrong with this system, you need to re-think.
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When the Banks and Government are printing money out of thin air (decision from minority), the massively printed Fake Money (sorry to say) will comes into the market and mix with your originated True Value money. It will increase the Total Money Supply and Circulation. When supply more than demand (actual economic output), your True Money will eventually worth less. Is this Fair to You? This can cause Hyperinflation if doesn't manage well, it happened in multiple countries before such as Zimbabwe, Venezuela, Greece, Hungary, German, Yugoslavia and so on. Literally, the paper money that they work for their whole life, became toilet paper overnight. So what is the "Meaning" of them working hard everyday? When there's "someone" that can just print money out of thin air, and get bailout first when they made the wrong business or political decision?
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The potential risk doesn't ends here, wait until you get to know about the money you store in the bank. It is been lend to another person in a Fractional Reserve banking system. It means the banks lend out 90% of your money, and left only 10% in the bank for backup (but your account balance is still mark as 100%!). What if the person B got 90% of your money, that he borrowed from Bank A and store in Bank B? The same process occur, which means New Money (not generated from Labour X Time) is created every time same apply to Bank C and Bank D! The best part is, the banks earn interest from the New (fake) created Money! And this is the secret that your wealth been stolen throughout the process.
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I was Searching an option to Store and Transfer True Value.
The only reason we have no objection to what is happening, is because we have No Choice. Bank has always Monopoly the VALUE STORING and VALUE TRANSFER business. What other choices do we have? Although we can store value in Gold and Silver, but Precious Metals simply not good enough in terms of Divisibility and Portability compare to Fiat Paper Money. It is impossible to remit instantly to another side of the country because of it's physical form (Gold & Silver). That is why we have to Kowtow and "Ask for Permission" so that they will store and transfer our value, although that is our hard earn money. We have to noted down the reason of the transaction and lost our Privacy, although we are just simply transferring to our family member or friend. Centralized Financial Monopoly is a form of monetary control slavery system.
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I still remember my Parents told me that they able to buy a house with cash, and it was around RM10,000. Throughout the years, the property price had inflated (and you know why now). We couldn't buy with cash anymore but force to get a loan. If you are buying 1 house end up you will pay for 2 to 3 houses, because of the interest your bank charge you for 30 years.. Again, you work your butt off, and a chunk of your True Economic Value (salary or fee) been taken away from you every month, to pay back the bank interest + initial house value. This is what i meant by Modern Monetary Slavery.