Went To My Bank Today! – January 3, 2023

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Visited my bank today , asked to see a banker. They asked “Why”? I said private matter, and produced a 100,000-Dong currency bill at the banker desk.

I was told a teller would handle this, but the banker assured me of his presence while the teller handled this issue.

The teller, nor banker, were surprised by seeing the Dong, or my asking to exchange this currency. They immediately began a computer process involving multiple screens, as well as recording the unique numbers on the Dong.

At the end of the process, the teller tells me that currency is not handled by the bank and had no idea when that would change.

BYW…This happened today at a Wells Fargo located in town of 30,000. Closest larger town? 2 hours.

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A Public lecture by Peter B. Meyer – 3rd of January, 2024

Currency versus Money – Money has value of its own – Currency does not!

Most people think currency is money. If someone pays you with cash, it is thought to be money. It isn’t. Cash is simply currency, a medium of exchange used to buy something that has value, called asset.

The word currency is derived from the word current -electricity- a current must move otherwise it is dead. Currency has no value stored in itself. Rather, it is a medium of value from one asset to another asset.

Money, unlike currency, has value of its own. Money is always a currency that can be used to purchase other things of value, however, currency is not always money as explained above; it does not provide value of itself. The basis for money is; Income-energy-received in exchange for given other energy.

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Widespread trust in the US dollar across the world, meant the US could buy almost everything at relatively low prices, as the US currency is accepted everywhere around the world. The US could pay for all of her imports in printed worthless dollars. Exchanging paper dollars produced at no cost for valuable goods isn’t a long lasting idea.

America was able to import more than it exported, to consume more than was produced, and spend more than was earned. But once trust in America is broken, it will end the its world reserve status as more than a third of transactions are settled off US Dollar. This will lead to a huge decline in the standard of living of U.S. citizens like nothing the world has seen in nearly a century.

And that is going to happen once the public at large finds out what really has happened with the nation’s gold reserves.

The entire financial system resting on a few mega-banks turns the global economy into a house of cards. One push and it all comes down. When the next crisis hits the financial markets it will become a cascading event. All is predictable, and this time it will be at least ten times worse, then the crisis of 2.008. The big Central Banks will not be able to neutralise this cascading catastrophe.

This opens the door for our new Gold backed QFS money system, controlled by the people, making all central banks obsolete.

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