Phillip Tilley

Money vs currency

October 17, 2007 |  10 comments
Image Credit: sxc.hu Thank you to all who read my debut column on “There is no money”. In spite of being warned, “Do not look into laser with remaining eye”, you read it anyway. Good for you. The money matrix is the conspiracy to steal our money and enslave us as worker bees to the monied elite, and it did not happen over night. Through this column I intend to peal back the layers of the clever deception to reveal the truth. I understand your impatience as your time is running out. Jack Nicholson in the movie “A Few Good Men” says his famous line, “You can’t handle the truth”. I made a strong statement, “there is no money”, and gave a brief explanation. Some of you may be experiencing peripeteia, which is a reversal of circumstances, i.e. finding out what you thought you knew was wrong, in this case money. The first response to an alien idea is denial, then anger and frustration. Those are perfectly normal human responses. If you want to be angry that is a good start, but keep one thing in mind, I did not create the money matrix, I am just a messenger. Now, let’s get started. Most people confuse money and currency as the same thing. They are not. According to Webster’s dictionary three criteria must be met in order for something to be money. It must be an accepted medium of exchange, it must be a store of value, and it must be the unit of account. Real money, were there any, would meet all three of these criteria.

According to Webster’s dictionary only one criteria need be met for something to be currency. It only needs to be accepted as a medium of exchange. In most cases it is also a temporary store of value, but not a permanent store of value. In the United States the currency is Federal Reserve Notes. For those of you who think that’s money in your wallet, pull any bill out and read what it says across the top. It reads, “Federal Reserve Note”.

There are really three types of money, hard money, soft money and no-money. Hard money, if there were any, would be gold, silver, or platinum. These are the noble metals and are called hard money because they are hard assets with real universal value. Soft money would be paper money backed by hard money. This would include silver or gold certificates which were backed by silver or gold. It would also include greenbacks. Federal Reserve Notes are often referred to as greenbacks but they are not. Greenbacks were only issued by the Treasury Department at the request of then President Lincoln during the first American civil war. They were backed by silver and were extinguished after the war was over. We do not use hard or soft money anymore.

The third type of money is no-money. That is paper money backed by nothing of value. This is also called fiat money. Really it is not money at all, it is currency.

Currency can take many forms. It is anything accepted as a medium of exchange. The currency of the United States is the Federal Reserve Note which is backed by nothing of value. Checks, money orders, credit cards, and cigarettes if you are in prison, are all accepted mediums of exchange, but they aren’t money either.

We have currency, but we don’t have any money!

President Lincoln once asked the members of his cabinet, “If I say my dogs tail is a leg, how many legs does my dog have”? All of his cabinet members agreed that now the dog would have five legs. “No,” said Lincoln. “My dog has four legs. Calling a tail a leg does not make it one.” Likewise, calling a Federal Reserve Note money does not make it money. It is an “I owe you nothing” currency.

We are taught to believe there is money, but the value only exists in our minds because we believe it does. Like the people in the movie “The Matrix”, believing they were living lives they really weren’t, we go through life believing we are working for money, when in reality we are working for nothing.Before the conspiracy to steal the money could be pulled off, a doppelganger of our money had to be created. Federal Reserve Notes were first made legal tender December 23, 1913. They were redeemable for gold and therefore at that time they were soft money and were accepted by everyone. After April 15, 1933 they were no longer redeemable for gold, but were redeemable for lawful money, or silver. In 1956 this was no longer printed on them, and in 1963 they became redeemable for nothing of value.

This brings us to “Gresham’s Law”. Sir Thomas Gresham (1519-1579) was a financier and advisor to Queen Elizabeth. Gresham’s Law states that bad money forces out good money. When more than one form of money of different values are forced by legal tender laws to be treated as equal, such as gold or silver versus Federal Reserve Notes, the good money which has a higher value will be horded and taken out of circulation leaving only the bad money. Why would you buy something with gold when you can get it for nothing? This very thing happened in the United States in 1965 when the coins were no longer made with silver. Silver coins disappeared virtually overnight.

Add to this the fact that the Bretton Woods Agreement of July 1944 tied all currencies of the world to the value of the American currency. After 1973 when then President Nixon took the U.S. off the Gold Standard for good, all the worlds currencies became worthless fiat currencies.

Legal Tender: Section 102 of the Coinage Act of 1965 (Title 31 United States Code, Section 392) provides in part: “All coins and currencies of the United States, regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties and dues.”

At the Federal Reserve web site frequently asked questions regarding what Federal Reserve Notes are redeemable for: “they are not redeemable for gold, silver, or any other commodity”. They are redeemable for nothing.

Don’t get me wrong. We have a currency, it just isn’t worth anything and it isn’t money! Those of you who think an economics class will be your salvation better think again. These people are in a coma going through life with their eyes wide shut. Money equals nothing, and I know nothing when

I see it. Wake up people, the money matrix has you.

Why should you care? Stay tuned.

Phillip Tilley is the author of “The Money Matrix of the New World Order”, and other articles. Comments (10)

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