How does gold stack up against some of the world’s Alternative currencies.
Over at the Daily Economist, they have a few opions of their own to share with us.
After you have read the article click on the banner at the bottom to get additional
details about owning your own Free gold account where you can purchase as little
or as much real 999. pure gold as you want.
After months of Greek depositors removing nearly $100 billion
out of their banking system prior to a bank holiday, and the accepted bailout
agreement by the government for more austerity at the hands of the Troika, a
growing number of citizens are conducting day to day business using an alternative
currency and barter system known as the TEM.
Christos Papaioannou noticed his car needed new tires, the Greek computer
engineer bought them with euros—but used an alternative currency, called
TEM, to pay his mechanic for the labor.
“Money is sparse right now, but people still have the same skills and
knowledge they had before the crisis,” said Mr. Papaioannou, part of a
cooperative that founded TEM in the port city of Volos and one of nearly
1,000 registered users of the alternate currency there.TEM—a sophisticated
form of barter whose name is the Greek acronym for Local Alternative
Unit—was founded in 2010 in the early months of Greece’s debt crisis with
less than a dozen members.
Now it includes dozens of participating local businesses that use the system
to sell goods and services, including prepared food, haircuts, doctor visits,
or even for renting an apartment. – Liberty Blitzkreig
Dateline Argentina: Institution of black market currency (Dolar Blue) growing in
stature due to failure of national currency and economic policies.
Argentina was ruled in default of its debt in July after it defied a U.S. court
order and refused to pay a group of hedge fund creditors. That, however, is
only a small part of Argentina’s problems.
The “economic reasons” for the underground peso’s historic jump that Kicillof dismissed are very, very real. And the dolar blue market rate is no tiny market in the country.
Regular Argentines use it every day, underground blue dollar exchanges aren’t hard to find, and it’s estimated that $10 million U.S. dollars are exchanged on the black market daily.- Business Insider
These two nations are not exactly economic powerhouses that proliferate the
G20, however they are a microcosm of the growing sentiment people are having
against fiat money, and trust in the banking system.
There is a reason why digital and crypto currencies like Bitcoin were invented,
and why alternatives to the dollar, euro, and other central bank run currencies
are growing when governments show time and time again that they are unable to
deal with economic issues besides the printing of more currency, which has been
proven to only exacerbate the problem.
Yet the black market and locally introduced barter currencies are not the answer
to resolving monetary destruction for the long run, and are simply the means by
which the people can survive in their given locations day to day.
Since even Bitcoin is relatively new in the consumer landscape, and not readily
accepted by most businesses and individuals, that leaves us with limited options
on where to look for a monetary construct that is both outside the banking system,
and available for both local and international trade in a form of money that is both
sound, and recognized everywhere.
The option that is most relevant is also the option that is most historic…
and that is a gold backed monetary system. And while governments of major
economies fight tooth and nail to avoid going back to this form of money, and
instead try to salve a failed currency system based on debt, companies outside the
banking system are taking their own initiatives to create a monetary system that
is not only fungible to paper currencies, but backed by a hard asset recognized as
money for 5000 years.
And what is one of those companies that has not only built a platform for consumer
trade in every available currency, but is also outside the banking system and backed
by the most stable monetary asset known to man. That company is Karatbars
Buying gold through Karatbars is one of the easiest things on the net. In fact, the
business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5,
and 5 gram increments, and allow customers to get into the metal without having
to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you
can have the power to move your money into a free e-wallet that functions just
like an offshore bank account, and is outside the authority of the banking system.
From there, you can take your fiat currency in any denomination… dollars, euros,
yen, etc… and purchase physical gold which can either be delivered directly to you,
or stored for free at one of Karatbar’s vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or
any metals dealer, and if with Karatbars it is then exchanged for currency that
is uploaded to you through a pre-loaded debit Mastercard which is connected
directly to your e-wallet. And as we know, MasterCard is recognized in nearly
every country around the world, and usable in any currency that accepts it.
Perhaps the best feature with Karatbars is their affiliate program, where you
can earn money off commissions from getting others to sign up and become a
customer or affiliate.
Not only do you receive commissions from their purchasing of physical gold,
but you also earn commissions from anyone who buys a commission
package, with that money going directly into your debit MasterCard when you
have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by
purchasing a commission affiliate package one time, and then getting others to
sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with
spending less than $400 of their own money? And there is never a mandatory
requirement to buy beyond what you desire, on your own schedule. And there is
nothing to lose, because you’re using money (paper dollars) to buy gold (physical
money) and in the end you don’t lose a thing.
The global financial system, along with dozens of respected economists, are telling
us that now is the time for the end of our current form of money, and the beginning
of the transition into a new monetary system that is expected to be backed by
With banks, governments, and even Harvard professors mandating that
central banks have no choice but to eliminate cash from usage by the people to
stave off collapse, will you wait until it is too late to make a decision on how you
To learn more about Karatbars, you can contact the individual who sent you this
article, and click on their referral link to open a free account and begin buying, or
building your own gold savings or business with the company of the future.