[Sergio]

Did a search under the authors name and article title and got no hits, so please excuse if this is a repeat

Lengthy read, but an interesting take. The entire article is at the link, including a link within the article to the predecesor of this article.

[True_Kon]

Central-Bankers print paper, our labor and taxes turn it into wealth and power for them.

Thus creative ways to figure out ways to separate us from fruits of our labor and bury us in paper debt, so we keep working to pay it off.

What would complete the cycle for Central Bankers are DEATH TAXES. That way your kids do not have the capital and are not able to eascape banker’s debt.

[Little Ray]

Money is an abstract representation of goods and services. Its easier to carry than a chicken or a bushel of wheat, and doesn’t take as long to exchange as washing dishes for your supper.

[B-Chan]

But what happens when the total value of goods and services in the valley exceeds the amount of gold in the cave?

[TopQuark]

The author plugs in erroneous conclusions that follow from nowhere (leaps of faith). For instance, when he says that fractional banking did not increase wealth, he ignores --- conveniently for his conclusions --- that the entire economy grew as a result. The act of fractional banking did not increase capital but it helped to create it. He simply walks by these inconvenient facts by saying, "The town grew," as if the town were a mushroom that grows by itself.

The author is honest enough: it is a fable. Of course, it was clear from the start where he was headed: back to the gold standard!

Naturally, like all gold bugs, he makes errors along the way. Gold can also be "printed." Spain's dumping of gold from the New World was one such event.

Another example is FDR fixing of the gold standard in 1930s. If gold is declared at $500 today and $600 tomorrow, it's the same as printing the paper money. The author prefers, of course, that the reader remains uninformed: the reader may not otherwise accept the moral of the fable. Simply dishonest.