Before the Dutch lost the reserve currency status to the French, the royals teamed up (read inter-married) with the English crown. Who then took it over from the French, when they, in turn, failed as well. The English, with full support of the Dutch, built an empire never to be matched again, in the open for the public to see.
The bankers had no choice when it collapsed. The USA was the only country that still had a gold and silver specie-money, that was a Western-based country.
Conclusion: U.S. Inherits it Last, Before it Ends.
However, Nothing lasts forever…
Submitted by Hugo, The Wealth Watchman:
Money Power: That Which should not be Wielded
“When we left the pound, we could go to the dollar. But where could we go from the dollar? To the moon?” – Jelle Zijlstra (eventual head of the Bank for International Settlements, said in regard to the 1971 severing of Gold from the dollar)
Here is my own post since the Wealth Watchman is enjoying a well-deserved holiday. In this community, my view is a bit different than most savers here. But hey, that is logical since I am from a different continent (Europe). I am honoured to post a European view on this mess we are all in together. Europeans, Americans Africans, Christians, Muslims, Hindus, atheists, and so on, we all face the same enemy, the banking cartel empire.
What we are going through in this current crisis is nothing new. This part of the ”human road to a so- called better future”, that we as a humans have traveled on many times before, in the many centuries before us. I’ll try to show you that road. Of course, since it is over a 1000 years long, it is a very long road so I will cut corners, leave out details, to be able to give an idea of the money struggle and the abuse of money-power during that time span.
How does this help us now, you might wonder. Well, as the USA thinker, Mark Twain, explained well: history does not repeat, but sure does rhyme! In the first part of this piece, I will show it surely rhymed for over 1000 years. In the second part I show evidence that it will maybe not rhyme again. With a big IF, because it requires all of us, our countless individuals and communities all over this planet! We have to get beyond the things separating us. We all have the same enemy, the empire banking cabal.
If we win, as I’m confident we will, we will have a Better World Order, and I will love it since the current one is not worth saving! Unfortunately, a Better World Order is something that the Anglo-American elites are trying to oppose.
Anyway, let us start the march through history, warriors!
Paper money was actually introduced by merchants, and not bankers, in China around the year 806 and was called ”flying money”, since it had nearly no weight. Ideal for long-distance trading, since China is a big country. Copper money was the most used money at that time, and exploded in volume before that invention. Thus, the copper money value dropped, and a merchant had to haul weight in money, instead of goods going back and forth. For a merchant, that is not good, as one wants to haul goods, and not money, back and
After all, that’s better for profits. It worked very well, and a banking system like that still is in operation until this day. It is called Hawala/Hewala or Hundi banking. It still exists today in parts of the world, with weak governments.
Soon the Chinese state took over the issuing of paper money from the merchants, and in the year 1023 it really started to gain traction. The experiment worked wonders until it did not. Once a state gets involved, that happens. A joke that went global says it all, if you give a government control of the Sahara desert within 100 years it will run out of sand.
Of course, since they were human, they tried again, and it worked its wonders again. The most (in)famous user of paper money was Genghis Khan. He used paper money to fund the conquest of most of the Eurasian landmass back in ancient times (1162-1227).
“Huh, why does that matter”, you wonder. Well, read on please. You will see this pattern of failure being repeatedmany more times. The signs are there that the USA/UK is the last empire that is will do that.
During the wonder times, in China, a merchant and explorer from Venice called Marco Polo traveled and lived along the Silk route for almost 20 years. He was very welcome and even had contacts with the Chinese emperor of that time. He was amazed at the riches this new money brought, and when he went back to his country, Venice, he brought many riches from his travels. Among them, was paper money.
China went on with the paper money booms and busts, until it was outlawed in the 1600’s. In between, the Chinese sometimes went back to metal money for a relative short period, before they went paper money again. It is hard to pinpoint when the Chinese exactly outlawed paper money.
Paper Makes a Debut in Europe
So paper money was introduced in Venice (a city state back then) around the year 1300. A family named Medici, from a nearby city-state, called Florence, had gotten the concept, and introduced new means of accounting between debit and credit. Not totally paper money, mind you.
The first hugely-leveraged, fractional gold and silver monetary system, became a fact in Europe and North Africa, which was basically all the known world of that time. They built an incredible empire, and dominated the era between 1397 and 1494, acting as a proto-central bank of that period. It brought what seemed, just as in China, great wealth for all that participated. Slowly but surely, the savers saved more, and the debtors got more and more into debt, which was denominated in gold and silver. Just as always though, once the debtors either refused to, or could not pay any longer, it all blew up.
The bankers of that time, of course, saw that coming and way before it blew up, they moved the real wealth to Portugal! They did this, because they were the explorers of that time.Yes, it surely seems back then, they already learned that a debt-based system needs to expand forever, or otherwise it will blow up and die!
The bankers were sure they could pull off that trick again, in the new-found lands. What that brought the Portuguese was the the first European-based reserve currency. The Portuguese started with a pure, PM-based monetary system, but they learned from the Medici family how to use bookkeeping in the PM’s. After a while they ran into competition with the Spanish, on finding new lands and lost that quest. Since they could not expand anymore…. the first global reserve currency blew up! There is little difference between fractional-reserve gold and silver currency, and fiat currency already, at that moment.
New Countries Who Fought for Money-Power
The Spanish started with the same, pure gold and silver money system, but since they were humans, after all….they also started using bookkeeping tricks like the Medici family did. As their luck would have it, in South America there was a LOT of gold and silver, which enabled them to honor their contracts longer then the Portuguese did.
Still, that would not prevent the Spanish (elites) from going into debt, big time, since they knew that much more gold and silver would be coming from the newly-conquered territories. It worked even though it created a lot of inflation, since the supply of gold and silver increased a lot. Still, the system kept going. One can say that in that era, we had a lot of “easy money”.
The human cost was horrible, a whole culture/society was wiped out. They went on a war conquest which plunged Europe into a long period of war, in order to maintain the reserve currency status(sound familiar?), since even South America’s riches could not support their obligations.
Holland (my country) even had the so-called 80 year war with Spain, since the republic we were then refused to bow to them. But that was surely not the only war the Spanish waged.Eventually Spain went broke, and again, the wealth was transferred to a new reserve currency. In this case Holland.
The war with the Spanish continued, but Holland won in the end. Around the 1630’s, Holland had gotten the reserve currency status. Though a tiny country, banking interests would build it up big time. New territories were needed and the East was chosen. The Dutch gained monopoly trading with Japan, and subdued and ruled the pearl of the Dutch empire(what is now known as Indonesia) until the 1950’s. There were other colonial assets that were owned longer.
Silver and gold, once again, flowed into Europe. The notable new concepts the Dutch introduced are the corporation and stock exchange (see the company VOC for example). That reserve currency also did not last. Our republic fell and became a monarchy with strong links to the banking community.
Before the Dutch lost the reserve currency status to the French, the royals teamed up (read inter-married) with the English crown. Who then took it over from the French, when they, in turn, failed as well. The English, with full support of the Dutch, built an empire never to be matched again, in the open for the public to see. The Wealth Watchman effectively showed the horrors on humanity which they inflicted, so I wont delve into that. The bankers had no choice when it collapsed. The USA was the only country that still had a gold and silver specie-money, that was a Western-based country.
Conclusion: U.S. Inherits it Last, Before it Ends
It took the horrors and destruction of World War I & II, in order for the U.S. to obtain the reserve currency status. The USA was the last country to be given it by the bankers, before “they had to give it to the moon”. The European Elites surely knew what they were doing after all those centuries. Europe even paid faithfully for the Vietnam war. By my estimates, they paid at least half the cost. They were used to cooperation, seeing the nations as hosts to further their agenda.
Then however, they were told by official USA government policy: ”its our currency but your problem”, with them fully knowing the history of currency and money, that the reserve cycle doesn’t last beyond 100 years. They just broke the ”gentlemen’s agreement” on the money plunder for all to see. Nothing lasts forever, and in the next installment, we’ll take a further look at the crossroads at which we now stand.
To be Continued, in Part 2