'PAX' Pegged Asset Exchange Project from SuperNET - Interview

Nxter.org | Nxt and SuperNET to the rescue!

Nxter.org – Nxt and SuperNET to the rescue!

There is only one reason that 7 billion people are suckered into the game of Central Banking, and that is FEAR. People FEAR others will take their VALUE away from them and they run to centralized bankers for help.

There is only one reason that 7 billion people are suckered into the game of Central Banking, and that is FEAR. People FEAR others will take their VALUE away from them and they run to centralized bankers for help.

But, given that 97% of it is based on debt, how can the mainstream fiat monetary system which we’re still obliged to use meaningfully represent people’s VALUE – i.e. their economic self-sufficiency? Surely debt is the opposite of value, unless you’re a bank.

It seems intuitively obvious that money based on something tangible and in short supply, e.g. gold or silver, must be better for society than a minority elite creating money out of nothing. Indeed, until 1971 most national currencies were still based, albeit indirectly, on gold which at least is something that most people believe has intrinsic worth and which, more importantly, acted as some sort of restraint on the amount of money that could be created. But nowadays of course the (privately owned) banks simply create money without any effective restraint at all.

Read More…