History of Money - The Missing Subject, You Never Learned in School

Like many others, I was educated in the US public school system. It seems however, one very important subject was never purposely taught in our schools. That subject being the history of money and attainment of wealth.

The biggest reason public educators never approached this subject was that monetary history was taught privately and only to the elite one percent of the world's society. Meaning only the ultra rich were privy to this closely guarded information. The other 99 percent of us were basically "shit out of luck". Monetary history and wealth generation was spoon fed to the elite one percent. Once they entered society they used this valuable information strictly to their advantage, allowing them to earn 90% of the total wealth generated on the planet.

There is a solution, for those who constantly strive to achieve success but were never included in that privileged one percent. The answer is to learn and duplicate what other successful people are actually doing to make these huge sums of money. Honestly, you cannot expect to learn to how to become successful from someone who themselves has never been a success can you? Of course not. These elite members of society have very important traits in common that include all of the facts below.

It is evident that throughout history wealth, prosperity, affluence and riches travel within economic cycles otherwise referred to as "Wealth Cycles". These cycles are repeated over and over again throughout the ages. If your timing is right you can profit from huge windfalls. It is the understanding of these wealth cycles that is the key to proper investing. The elite one percent are either an expert at understanding these cycles or they know where to go for immediate access. Most normal investors have never even heard the term before.

For the wealthiest people in the world, banks are not the place money is stored. Their money is actually stored in hard assets such as gold, silver or real estate. The rich never leave large amounts of cash deposited inside a bank or a bank safety deposit box. The main reason being in the event of a bank failure or bank run markets will crash and you're likely your money will never be found. As for safety deposit boxes, if a bank goes under it could be months before the doors open again and you have a chance to get inside your safety deposit box. By that time, likely it will have been cleaned out. The thief will always get away with it, because these boxes are virtually never insured and you would be the only one who actually knew the true contents inside the box.

Sound currency is considered hard currency because it actually has tangible assets such as gold to back it up thus allowing it to be a true store of value. Fiat currency on the other hand is not sound currency because it has no tangible assets to back it up. Fiat money is created by a government's decree within its society and backed the faith of the people in that society. Another term for this money is "paper money" or "paper currency". Once the faith of that money is lost it becomes totally worthless.

Lately, there has been substantial evidence pointing towards the public's distrust and lack of assurance for the US dollar. Furthermore QE3 seems even more evident that money printing and bond purchases will once again resume. These measures certainly are not true fixes to the monetary and fiscal problems ailing the United States and the devaluation (inflation) of its currency. This amounts to no more than a quick patch job allowing the fighting to re-surface again, while leaving its lasting problems for someone else down the road to deal with it.

Central banks really have always been a bad idea and were constructed to benefit only the privileged few. America's own forefathers announced warnings of grave consequences that would fall upon the American people if bankers were allowed to run the country. There actually is nothing "Federal" about the US. Federal Reserve Bank except for its clever name. It is a Private Bank, that's it! Run by elite banking families, earning profits from every dollar they print at zero cost to them (with the exception of ink and paper). They have free control and zero accountability to the US Government or its citizens as to what they do or how they do it. They also have total un-hampered access on printing the money and controlling it. This is by far one of the nation's biggest scams ever to be conceived. And surely one of the biggest mistakes ever made by Congress when they voted in the 1913 Federal Reserve Act.

Regardless of your feelings with the current economic downturn, you can be assured no permanent solution to these problems are anywhere in sight. Prepare yourself by protecting your assets now. The best solution for this is investing in physical precious metals such as gold and silver. Do what the elite one percent are doing and have been doing now. Follow their example, as they become richer you can also benefit along with them. Gold and silver have been true stores of wealth throughout history. They act as insurance policies, protecting your wealth and keeping their true value regardless of economic conditions.

Tom Genot -