from Sovereign Man:
Think of the word “money” for moment. What’s the first image that comes to mind?
Perhaps the folded paper in your wallet. Or the balance in your bank account.
Or perhaps the investments in your brokerage account.
In our modern financial system where unelected central bankers wield totalitarian control over the financial system, all three of these are forms of money.
But the relationship between them is very tenuous, and very risky. I’ll explain:
1) Physical cash
No matter where you live in the world, just about every civilized nation on the planet has some form of physical currency in various denominations. Dollars. Pounds. Euros. Yen. Renminbi.
We pass around these pieces of paper as a medium of exchange.
You can go to the grocery store, and, as long as you’re in the US, you can pay for your food with US dollar physical cash. Or if you’re in Canada, with Canadian dollar physical cash. Simple.
2) Bank balances
This is where it starts getting more complicated.
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