“[a]ll these pieces of paper are, issued with as much solemnity and authority as if they were of pure gold or silver… and indeed everybody takes them readily. . .”
In the Europe of Marco Polo’s day, ducats and florins were considered money by anyone with half a brain.
Yet today, this paper currency system has come to dominate our world. We’ve handed total control of the money supply to a tiny banking elite.
These central bankers never once stand for election. And despite the tremendous power they wield, citizens still think that they live in a democratic republic. Very curious indeed.