Why is it important to understand the real origins of money? Is it not sufficient to observe the role that money performs in the marketplace? Is the exploration of money’s beginnings just an academic exercise?
The answer to those last two questions is a resounding ‘no’. The world has been operating for 3,500 years on ‘obvious’ assumptions and they have turned out to be, at best, incomplete – destructively so. The application of assumptions is in the process of destroying the economy, along with the world’s currencies.
Without the understanding of how money came about, humanity has never been able to fully understand the irreplaceable role that money has played in the construction of our civilizations. It is the understanding of money’s real origins that grants the knowledge that civilization could not have arisen in any other way.
Civilizations are a by-product of not just the wealth created by circulating Gold but, and even more importantly, the ability to store that wealth as a stable value. Once gold is withdrawn from circulation, there is no way that civilizations can be constructed and no way that they can be maintained. All that can happen is that wealth can be hidden away in hoards.
While it is true that the ability to transfer a stable value over time is the foundation of money’s marketplace applications, of what use is stored wealth when there are no goods to purchase?
That is all that you need to know about the severity of the current crisis, and how important it is to get Gold circulating again.