Tally Stick: Profiled Debt Free Money

Executive Summary

• • The tally stick was an important innovation in the history of money.
  • The tally stick was the most stable known type of money and it was fiat money not backed by anything.

Introduction

• The tally stick was created in 1100 in England.
• The tally stick was the longest lasting and most stable fiat currency, for over 500 years, could not be counterfeited as the sides of the split stick needed to match.
• The tally stick was eventually overturned by banking interest.
• The success of the demonstrates that a fiat currency can be anything. And the tally stick was not backed by any precious metals. This is explained in the following quotation.

“The English tally system originated with King Henry the first son of William the Conqueror who took the throne in 1100 AD the printing press had not yet been invented and taxes were paid directly with goods produced by the land. under King Henry’s innovative system, payment was recorded with a piece of wood that had been notched and split in half, one half was kept by the government and the other by the recipient. To confirm payment, the two halves were matched to make sure they tallied sense, no stick splits and an even manner on since the notches tally the songs were cut right through both of the pieces of wood. The method was Virtually foolproof against forgery.”

Source: The Web of Debt

https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859