quebecoislibre.org "NORTH AMERICA'S FIRST EXPERIENCE WITH PAPER MONEY: CARD MONEY IN NEW FRANCE ...
A Quebec historian, Gérard Filteau, wrote (my translation):
What is remarkable about the Canadian financial system is that it inaugurates a new kind of money destined to have a great future: the cards are the first banknotes in circulation. Another remarkable fact is that the country has no asset, no monetary reserve to guarantee the value of its paper money. This money is nothing but a representative sign, which gets its value from the honesty of the government and the goodwill of the royal treasury. Such a guarantee, based solely on morality, is insufficient in that it ties the value of money to the good behaviour of a few bureaucrats, and imposes on it fluctuations that depend on the integrity of some men and the vicissitudes of politics.
... the card money certainly has features imperative to establishment of a 'leveled playing field' on which the various grades of renters can (must) try their luck against the elites powered by ability to change, make up as you go, ignore, and enforce rules in game of unreal tournament last man standing death match within arena of life
also would be cause for revolution and justification for punishment against theft of savings
it should be very interesting how this current epic round of fiat money inflation game turns out
we are fortunate to be able to now participate, and then witness later to learn what we didn't while in college
by on the game training, in a game not of our making, few can win, fewer still allowed to keep winnings, rules would be changed, always against oneself, at inconvenient times, all the time, with no option to quit, no chance for respite, no null position, and no time to waste, and always, even while we snooze, our surplus savings is machinated against, and our excess capital is schemed for.
announcer voice-over, "players, get ready to deathmatch, on three, 2, ..."
are we having fun yet? |
