Friday 10 February 2012

What's the value of money?

There a few people who control the value of the money in your pocket. They are the OWNERS of a private organisation called the BANK of ENGLAND. Yes private, the actual owners are a bit of a mystery as the company is private it does not have to produce a list of its directors or publish its accounts. So it is doing its business without anyone keeping it in check. The force it is free to change the value of the money it issues and free to choose what it calls money. A short visit to the Bank of England museum will confirm this, as all this information is freely displayed for anyone to see. The best place to hide anything is in plain sight. That way no one looks or if they do no one questions. The two processes that are openly discussed as ways of devaluing the money the Bank of England issues is by inflation at 2% as part of the finacial policy and by quantative easing. In short quantitative easing is the process of adding more money into circulation. Sounds a good thing, more money in circulation and therefore more money being spent. It's not that simple, consider the commercial world of supply and demand. If there is more of the product in circulation then the price goes down. Limited edition goods cost more than others right? So let's apply this to money and yes money is just a commercial product. Adding more money into circulation will only serve to devalue the money already in circulation by the pcentage amount of increased product. That is the amount of devaluation varies depending on the total amount of product (money) in circulation after quantative easing has taken place. Consider this, does your money buy what it used to? Ever wondered why? £5 twenty years ago bought more goods and services than £5 does today, you should ask why this is............ Ask the bank of England.... See if you get a better response than I did. In reality it is two commercial processes that a private banking corporation called the Bank of England call monetary deflation and quantative easing. How do these change the value of the currency? Well that answer is easy. Who owns the currency incirculation in the UK to day? The BANK of ENGLAND. They own the copyright to all the notes and coins in circulation today and can at any time change the value and design of this so called currency. They make it and lend it at interest to the UK government, they inturn buy goods and services for the UK population and pay back the sum borrowed using taxes and other revenue generating schemes to obtain money from you to pay the BANK of ENGLAND! The bank has a policy of devaluing the pound by 2% every year, so the £1 coin is in reality only worth 98p after 1 fiscal year. This is seen not by a reduction in visual value of the coinage but as a in increase in the price of goods and services, by approximately 2% every year. Add to this the devaluing nature of quantitative easing and you get an ever decreasing value in the money in your pocket! So asking the question "what is money worth?" the answer is simple less than it was last year and more than it will be next year. Don't believe any of this, that's fine, all I ask is that you check it out for yourself, go visit the BANK of ENGLAND ask them what the money is worth, ask them for the value of the promise...... For that is all the money is, a promise to pay. You can easily check this one,read what it says on a Bank of England banknote........ .......I promise to pay the bearer on demand the sum of .......... Money and therefore it's value is just an illusion that we have all been duped into. Ask yourself are illusions real? Well they are for those living in them!!!!!!!

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