Hello. This is my first post. I've been lurking for quite some time, and registered as a member earlier this year and was a VIP for a short while.
I have generally chosen not to post in the past given the disrespect shown to many self-professed gurus, who, although getting it wrong much of the time, have offered truthful insight in a number of ways and on a number of occasions. Much of their commentary is beyond the comprehension of the masses given that the majority of the world's populace is not equipped with the true facts as to how finance, commerce, and the law actually work (I could go further to include the universe here but that's another discussion), given that schools, universities and modern text books all omit huge issues that when known change one's perception of what was previously considered a common truth or accepted fact. The same can be said for the gurus, who, whilst are equipped with more facts than the majority, their version of "the truth" is still not the full pictue either, hence their continued perceived failure to date.
Anyway, I wanted to respond to this thread given this appears to be a common issue of confusion. I apologise now for the length of post, however many basic assumptions must be overturned if one is to understand this investment.
It is a fallacy that fiat currencies are not backed by anything. They are backed by the faith that a country is able to pay off it's "promises to pay" (which is all that your notes are); it doesn't matter how, so this naturally includes assets. Some background is needed to understand how this actually works in practice, and how it is accomplished administratively is nothing short of amazing in one's honest opinion.
The current economic system is actually a world-wide bankruptcy system whereby all countries operate as if they were in bankruptcy as far as law is concerned, the US included (for confirmation regarding the USA, look up comments made by Jim Traficant). This is the only way in law that fiat currencies can be implemented. Accordingly, the economic system is an entity that is wholly owned and controlled (and often manipulated) by those creditors holding the banktruptcy liens; property rights dictate that they can do what they want with their property. People will naturally cry that this is a conspiracy theory here, however if they were to do the research they would find that the facts are out there and fully documented. Hence the current perceived meltdown is a controlled demolition, but from the highest levels, so even those corporations people deem as having been pulling the strings are subject to their creators, and in turn those are subject to the creators of the system. Fortunately, the system's creator is sorting things out and pulling the plug on many of these guys (scapegoating!), hence this is why it appears that at one level there is a battle for control going on; the truth is that there is only going to be one winner and this is predetermined by contractual obligation. That winner is all of us - eventually.
This is why people feel their rights have been stolen. What has actually occurred is that you have given your consent to exchange these natural rights for privileges determined by those in charge.
The larger commerical system of law that the bankruptcy economy sits within is where transactions of actual substance take place, and where gold and other substances are the currency, and this is the system within which creditors play. At this level, statutes of law are irrelevant, since their jurisdiction is limited to the debtors, ie all those people who do not realise the part they play in the world. This is the reason why it so often appears as there being "one law for them and one for us"; it is because that is the case! However all are in the position they are in via their own consent, hence it feels unjust that some are prosecuted for an offence that others will not be, however it is all about jurisdiction and contractual obligation and one's current place in the world; we all have the ability to rise up beyond it, however it is a philosophical journey to some extent that many don't have the will to pursue. In fact, this is largely why this has remained undiscoverd by the masses; people police themselves and the rest of society using ridicule and assertions that something is a conspiracy theory or people are nut-jobs etc. People would do well to remember: condemnation without investigation is the height of ignorance (Einstein).
One must also remember the legal adage of "he who has the gold must pays the bills"; it is the creditors are responsible for a countries well-being, or not. Any person who is not aware that this is the case, is lawfully a debtor to these creditors, no matter how much "money" one thinks they have, since this "money" is actually only a promise to pay the creditor in energy, in the future. In law, all have given their consent for this to be the case, through their tacit acceptance and use of the system, hence their current legal status of being subject to statutes etc whether they deem them unfair or unlawful or not. (There are many films serving as metaphors for this concept: creditors are oftern depicted as vampires... they suck your blood, or rather your life force, ie your energy).
Democracy, has two faces. On one side and at face value, it is allowing the people control of their destiny. On the other, it is a tool to make people believe they have a say when really they do not. It is mob rule where the majority wins, however the majority can be manipulated as you see today with the press and its consolidated ownership by a few. The rule of law, and constitutions etc, were put in place to prevent this manipulation and safe guarding basic rights so one cannot be persecuted as a minortiy via new laws (really just rules you have agreed to)... (there is no protection today - some minorities are protected but others are not). However, these constitutions do not apply to debtors within the system since they have given up that right by their own consent! The next stage is either to remove this layer of illusory control via commerce and go back to the consitution etc, or raise the understanding of all so that full use can be made of the systems that have been invented for the benefit of all. This choice is not clear in the public eye therefore a return to constitutional rule is the common solution put forth due to people being ignorant that there are other solutions, however this will result in a situation of scarcity, and an uprising of people who are going without. All of it is only possible because neither side of the argument understands the facts of the matter.
So, back to the point,. the faith in being able to repay, is a reflection of the assets that a country has, which whilst in many cases will include substances such as gold and oil etc which have themselves been monetised within the bankruptcy system through the creation of legal title against an entity (person) who themselves are assets of the country, the majority of a currency's value is backed by the assets known as... the people, and their propensity to work (to labour and create motion) and pay taxes. The people, via the process of birth registration (check your birth certificate, it is bank note paper) are technically the assets or chattels of the country (again, techincally this is on a temporary basis however because people don't realise or choose not to reject this it is effectively permanent), and therefore a country can secure loans etc against their collateral, ie people (hence there is no political will to reduce immigration - more people equals more collateral). Currencies work the same way, and assuming everyone realised this is what backs fiat currencies, said currencies would always have value as long as there are people prepared to work and can do, since currencies are a reflection of energy, and are a tool to control and direct the flow of energy (and largely here I mean labour), or even save it for a later date.This is why security, infrastructure and industry are so important and such a big focus before the revaluing of the Iraqi currency, since during the war years there has been no ability for people to effectively work and therefore be taxed (and consequently the currency had little or no value). The revaluing will effectively correspond to the monetisation of the people by creating conditions to allow them to operate in the same manner as other countries, thereby backing the currency by their energy for the most par. People themselves have a value to a country, and these values are calculated based on all manner of criteria including birth-weight, gender etc using an internationally agreed (or rather centrally set) algorithm within admiralty laws ; this enables countries to quantify the energy that it's populace can contribute to the economy for use in determining currency values etc.One must remember that oil is valuable because it is energy; but the people are also a form of energy, given that without them corporations would be worthless since nothing can happen without a pair of hands to do it, and in fact people have a greater value given that said energy is largely unlimited. This, coupled with their vast natural resources, is why Iraq's currency could be very strong. Largely their population is very young which is another bonus, as therefore they have considerable energy, many years of work ahead of them, and the older population that would rely on consuming the energy of others, is largely irrelevant due to their low numbers following the wars
All those who feel corporations should be taxed more fail to understand that corporations cannot be taxed since it is only the workers that put anything in; accordingly it is the workers who are actually being taxed. The word corporation is derived from cooperation. The idea of a corporation was to pool energy for the collective benefit, however they system has been perverted for the benefit of the handul at the top, and today we take this as standard despite it not being how things were meant to be. Some will say this was a necessity due to the lack of understanding by the majority, however I would argue that a better approach would have been to raise people's understanding instead so all work together for the benefit of all.
The truth is, there is no need for tax at all. What it occurring is the division and conquering of the people so that you will submit to the forthcoming solution of a centralised top down led dictatorship; one side wants benefits etc for everyone and high tax on high earners, the other sees this as unfair that they are working hard and paying for others and therefore they want reduced taxes and less benefits. The truth is that we can have the best of both worlds.... and a centralised system would offer great advantages, but only if achieved with the masses having full understanding and consciously consenting. There is no need to give up sovereignty, boundaries or any of these other illusory things, provided everyone has full awareness - something the interent is helping to deliver. If a country authorises a centralised power to act on its behalf, it can withdraw that consent and authorisation at any time, provided it is represented by persons of honesty, integrity, and full awareness to the facts. The same holds true on an individual level - it is simply a case of understanding the correct administrative methods to adjust one's legal status. If you don't like something, step out of the jurisdiction - and this does not mean you actually have to move!
The invention of double entry bookkeeping, together with the system of birth registration and therefore value quantifying of individuals could be used to provide all services we currently have without the need for taxation to pay for it. The money is already there, just held in trust because the people are unaware so they will not take it back. Far better would be for people to know, but still leave it there for the benefit of all - services could then be paid for using these trusts and money never needs to be repaid to anyone because it is only yourself that you would owe. Currently banks seemingly create money - what is actually occurring is that they are monetising a loan application, where people are promising to pay back $x via their labour (energy). This can work the same for benefits - money can be created for someone's unemployment cheque by the authorising the access of their personal trust (based on your birth certificate) and creation of money against their name, however as above, there is no need to repay yourself!
The current push by many parties to return to substance backed currencies, ie precious metals etc, is a deception. It may however occur for a short while, effectively between banktruptcy terms. This is the end of the 70 years banktruptcy term within which countries find themselves, and therefore this is a major opportunity. Understandably many parties who have discovered they are being used as collateral are unhappy with this and are trying to break free, ie the conspiracy theory movement. What they fail to understand is that fiat currencies are an invention, an idea, to be used for the benefit of mankind. They have taken us a long way in developing the world, and although leverage is a dirty word, the progress that has been made would not have been without fiat currencies and leverage etc. The problem has been that the trustees of the national bankruptcy states have colluded to benefit themselves at the expense of the people (from one perspective - although from their own they are doing it for your benefit, to teach you). The current time is a time where these trustees can be changed due to the end of the term, and the system can be used for the benefit of all rather than just a few, if only everyone had full awareness of the issues. So the major piece still required to finish this puzzle, is for people to actually realise all this. The debts do not need to be repaid. Yes the debts have acted as a yoke round people's necks, however in the language of law, this has been via our own consent. Now is the time to wake up! There is never anyone to blame but one's self. All debts can be paid off instantly via the correct administrative process by a person with the correct status in law, and this is all going to occur anyway despite people not realising what the problem actually is (and therefore it being impossible for them to see a solution).
Many people believe that they need to be freed from the current system. It should be considered that freedom comes in many forms. I would argue that people would be freer if thay understood and could use the system correctly and therefore remain in this effective bankruptcy situation but via choice and awareness rather than deception, as opposed to withdrawing from the system altogether and therefore not receiving any of the great benefits as a substance backed system would deliver. Because said substances are finite, this type of system creates a scenario of scarcity and fear (of not having enough!) and therefore hoarding, self-centred focus, and consequently war (often this feels out of duty to protect one's neighbour, however it is an illusion!). Fiat systems allow abundance due to the energy being unlimited and help reduce said fear, provided there is conscious consent and awareness of the true system mechanism. Freedom is having choice. Currently people think they have choice, but they largely do not - they are forced either via peer pressure, "laws" of society, and most importantly deceptive tactics of subliminial conditioning to make them think that a thought is there own, when it has simply been suggested to them.
To touch on the universal level, it is fear that maintains the world's problems. Remove it, and the world would be a much happier place. All this can only be achieved via education as to the true mechanisms of the current systems. A good start would be the removal of tax! (Taxes go to the creditors, not on benefits for the debtors - these benefits are paid for using the exact method I suggest ie double entry book-keeping and trust accounts via your application for said benefits, however the deception is that you are told that your taxes pay for these benefits hence dividing you from your neighbour who is receiving the benefits of what you perceive to be your labour but in reality it is his own money, you're just both being conned).
This may not make any sense to most, but I hope for some, it may strike a chord. I wrote this out quickly in one go so if it reads as disjointed I apologise... just offering a perspective. I happily accept criticism and abuse given I have chosen to post this with my eyes open. It is a difficult subject to write about given there are just so many angles and so many assumptions that must be broked and replaced with new ones.
Have a good day guys. Please keep this in Rumours as it will not get read in Perspectives. And treat it as entertainment