Thursday, June 23, 2022

The Truth About Fiat Currency

The truth about fiat currency: before it's too late

  • ALL fiat currency is to be removed as a medium of payment in January 2023 at the latest
  • This time period was agreed upon by the Bank of International Settlements (BIS) and governments so that countries had sufficient time to set up their International Trade Bank and a subsidiary Commercial Bank which would allow people standing in the correct jurisdiction
  • Land and Soil - to claim the credit that has been deliberately hidden from them
  • While several countries are doing what is necessary for the people, none of England, Wales, Scotland or Northern Ireland is, as yet, doing so
  • All bank accounts will be zeroed out as a "bail-in" - this is actually the banks taking back their property

Fiat currency is debt

  • A promissory note promising to pay a debt at a later time. A debt cannot be paid with debt. Nobody has ever paid a debt using fiat currency.
  • While the prospect of having bank accounts zeroed out may be frightening for those with large sums of fiat currency in bank accounts, it is actually a good thing. It is debt, and nothing but debt, that is being removed.

The Antidote is Love

  • Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
  • A bail-in is the opposite of a bailout. Bailouts help to prevent creditors from taking on losses while bail-ins mandate creditors to take losses.

 

https://expose-news.com/2022/06/23/letter-to-the-editor-the-truth-about-fiat-currency/ 

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