Money

Executive Summary The phrase is often stated that all money is debt. The answer is that it depends upon whether the central bank is public or private. Introduction Federal government bonds are created when a country’s treasury issues what amounts to a savings account, but which is called a “bond.” When there is a private…

Executive Summary The phrase is often stated that all money is debt. The answer is interesting and depends upon the banking system and also on who is being discussed. Introduction There are two different scenarios that it is essential to consider concerning this question. Scenario #1: The Question of the Private Entity The first scenario…

Executive Summary The simec was an experimental debt-free money designed to prove the social credit or seigniorage theory of money. Introduction The Simec was an experimental debt free currency issued by one wealthy individual in named Giacinto Auriti. Auriti was able to prove that a debt free currency was workable and stimulated purchasing. The Impact…

Executive Summary This is one of the major types of money. The important feature is “who” issue the money. Introduction Many banks historically issued their own currencies in the US. This is particularly true during the 18th century in a period referred to as “wildcat” banking. These currencies did not have long lives, and the…

Executive Summary This is one of the major types of money. The important feature is “who” issue the money. Introduction This is the most desirable state of affairs for central banking and has numerous examples of being successful including The US Greenbacks, the Colonial Script of the colonies of what is now the US, the…

Executive Summary The greenback was debt-free money issued during the US Civil War and was critical for the North. It is nearly impossible to find coverage of the greenback in mainstream economics. Introduction Abraham Lincoln created the Greenback and wanted the US government to issue its own money, an idea by Richard Taylor. As Lincoln…

Executive Summary The terms currency, money, and cash are used in ways that defy specific definitions that one would ordinarily assume. We explain the usage of these terms. Introduction The terms currency and money are often used interchangeably. Many of the definitions that can be found are contradictory. It is true that the official money…

Executive Summary Bitcoin has enormous marketing pushing it in front of people. What is less discussed is whether Bitcoin can ever be money. Introduction Is Non-Governmental Control of Bitcoin a Good Thing as Bitcoin Enthusiasts Claim? The fact that a government does not control Bitcoin is promoted as a major positive by Bitcoin enthusiasts, but…

Executive Summary Banks create money out of thin air. This has been conclusively proven, but private banking interests do not want this to know. Introduction Private banks create funds for loans with an accounting entry. How the funding for a loan is created is explained in the following quotation. “Banks do not really pay out…

Executive Summary Private banking interests change history to reflect the information they want to be accepted. A perfect example of this is found in Wikipedia’s page on the Reichsbank. Introduction The Reichsbank is described by Wikipedia as follows.. “The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in…