Bitcredit Protocol on Nostr: Credit money for currency, must never be issued against national debt. There is no ...

Credit money for currency, must never be issued against national debt.

There is no production, no goods, no proof-of-work, backing such issuance.

It is clandestine theft.

quoting
nevent1q…lwle

It doesn't surprise me that the politicking for the foundation of the Bank of England in 1694, was to be kept from the public eye.

To my knowledge, this pamphlet from 1665 A.D. is the first proposal ever for currency out of the thin air of budget deficits. Then they waited for a war ...

306 years later, Nixon finally ended the international gold standard. Gold specie disappears.