Buy GOLD and SILVER: Modern Monetary Theory: Part Two:
Dateline: Del Mar, CA: Thursday, January 23, 2020
FNB is a precious metals industry leader. Each weekday, we post information and financial facts (and opinions!) that relate directly to the financial markets and also that have direct impact upon the daily lives of investors.
In our last session, FNB launched a series titled: “Modern Monetary Theory.”
In this session, FNB will dive into the concept of, ‘money as a mere token’.
MODERN MONETARY THEORY: No Restraints
‘Modern Monetary Theory’ teaches that money is a ‘mere token’.
According to ‘Modern Monetary Theory’, the value of money is established because the State forces people to pay taxes and fees using the money (token) that the State decides is the preferred monetary exchange unit.
Some Key Component Parts of ‘Issued State Tokens’:
All State taxes and fees and obligations are only paid with the monetary tokens that the State issues
No other form of payment is acceptable or permitted
The State determines the value exchange of all of its monetary tokens
The State sets values for commodities and goods and services based upon its predetermined token valuation
The State creates ‘empty tokens’ and affixes a primacy (only accepted form of payment) and a fixed valuation (how much the token is worth)
The State forces all citizens and/or corporations to reject all other forms of currency and solely adopt its tokens as exchange value
The State requires all goods and services and taxes and fees to be remunerated with their State issued monetary tokens
If you dissect this authoritarian form of monetary policy, you begin to see and discover that what ‘money’ morphs into is nothing more than a script or receipt on the current and/or potential economic resources of The State.
In our next session, FNB will dive into the concept of money as a replaceable commodity.
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coins, bars and bullion holdings. FNB invites all to visit our website:
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Founder and Owner,
First National Bullion