A Note About Money and Foreclosures– Pun Intended
by: Anna von Reitz
Video by Gary Larrabee
Source: Maine Republic Email Alert
Anna von Reitz:
Money, by definition, has to have value in and of itself. It is a substitute for other things of value.
An ounce of silver for a loaf of bread, a peck of apples, and ten pounds of flour reflects the “exchange rate” and this exchange rate constantly fluctuates even on a local level.
In a boom town with a dozen silver mines, the local exchange rate might be five ounces of silver for a loaf of bread, six apples, and forget about the flour.
Simple enough. In such a system there are one or two or three “standard commodities” that can be exchanged for all the other commodities that people need. Many of us grew up in a world where the standard commodities were silver…
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