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Anonymous (ID: LC6LUA53)  09/13/22(Tue)03:48:38 No.395071016▶
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>>395070334
>Currency is NOT money.
Many things CAN act as money. Money is a store of value and medium of exchange. Fiat currency is just paper.
-Wheat can be money
-Honey can be money
-Cigarettes can be money
Gold has been used as a store of wealth for over 6000 years.
>First, the medium of exchange should be durable. In a primitive
society of meager wealth, wheat might be sufficiently durable to serve as a medium, since
all exchanges would occur only during and immediately after the harvest, leaving no
value-surplus to store. But where store-of-value considerations are important, as they are
in richer, more civilized societies, the medium of exchange must be a durable
commodity, usually a metal. A metal is generally chosen because it is homogeneous and
divisible: every unit is the same as every other and it can be blended or formed in any
quantity. Precious jewels, for example, are neither homogeneous nor divisible. More
important, the commodity chosen as a medium must be a luxury
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Who’s paying us? I thought we were all getting scammed out of our money? So we’re getting scammed AND paid? 0n the other hand I know who’s paying you and why. Shamuta

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During the plague years of the 13th and 14th centuries, when a third of Europe died and there was mass starvation because supply lines had collapsed and there weren't enough people to work the fields, and laws were ignored, and some people even ate other people to survive...

...silver and gold were still universally accepted as payment for goods and services
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https://conspiracies.win/p/16ZqPaLbdx/the-federal-reserve-act-of-1913-/c/

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Anonymous (ID: w+w9X9gQ)  03/01/24(Fri)12:54:25 No.460327214▶
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>Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
>Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $467 in 2022) per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, a violation of the order was punishable by fine up to $10,000 (equivalent to $226,000 in 2022),[7] up to ten years in prison, or both.
>The 1934 Gold Reserve Act subsequently changed the statutory gold content of the U.S. Dollar from $20.67 to $35 an ounce. While this might be seen to some as a move that increased the value of gold, it actually merely devalued the U.S. Dollar so that less gold was required to back U.S. Currency, and the Federal Reserve was free to print more paper money. All international transactions by the U.S. Treasury were afterward calculated with the new valuation for gold at $35 an ounce (equivalent to $791 in 2022)[7]. The resulting profit that the federal government realized funded the Exchange Stabilization Fund, also established by the Gold Reserve Act.
>The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in Pub. L.Tooltip Public Law (United States) 93–373,[1] which went into effect December 31, 1974
https://en.wikipedia.org/wiki/Executive_Order_6102#:~:text=Executive%20Order%206102%20required%20all,in%202022)%20per%20troy%20ounce.
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Anonymous ID:H2Mx0iHQ Tue 05 Mar 2024 04:18:18 No.460729992 1705996176276.jpg, 2MiB, 1920x2932
Anonymous ID:H2Mx0iHQ Tue 05 Mar 2024 04:19:44 No.460730067 PhotoCollage_1707989455608.png, 3MiB, 1660x2619
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