The Definition of Money
Money Defined
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“The new, correct definition of money is an idea
backed by confidence. An Idea Backed by
Confidence. (From the writings of L Ron Hubbard)
That makes confidence of supreme importance. At
this time, credit is being substituted for real money.
The bottom line is that the term “credit” is being
substituted for the word “debt”. When money is
replaced with credit, no one anywhere can have
confidence in what is essentially debt, or in credit, as
we are now expected to designate debt. Herein lies the
root cause of the economic spin; not knowing the true
definition of money and leaving aside the necessity of
having confidence in what we use as money.”
L. Ron Hubbard
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This quote taken from the writings of L. Ron Hubbard was obtained from a pdf file which I discovered on the net back in July 2008. The title of the book is “The New Money Text Book, Economics Made Simple” and it was written by Doctor Edward C Hamlyn MBChB in May of 2007. It is well worth a read and I will try to include the link to this free but invaluable work in this post.
This is the first time anyone has really given us a good definition of the term money. Should we not have had this as widely held knowledge a long time ago? Makes one wonder, yes? So, have we been our own worst enemies by allowing the current system of banking to grow and evolve slowly into the mess we find it today? I leave you to ask yourself this question and recommend you read this work as soon as possible.
The problem isn’t going to go away any time soon. It affects all of our lives greatly.
Respectfully,
Kerry
Here is the link to the html version. You can link from there to the pdf file.
http://www.monetaryreform.org/moneytextbook/index.htm
