This article explains how the world's central banking cartel, which is owned by just Thirteen Families, took humanity from an honest, gold-based monetary system that existed before 1971, and then enslaved us under an unredeemable, constantly inflated, debt-based, paper, and now, digital monetary system that they alone control for their own benefit.

Centuries ago, banks started taking customer's gold in exchange for bank notes - giving customers a measure of security for their gold and a more convenient means of transacting. However, entrusting a bank with your precious metal meant the bank was able to lend it out or make bad investments without the depositor's consent. When a bank was caught between bad loans and a high rate of depositor withdrawals, they had to declare bankruptcy and shut down - leaving many depositors penniless, holding paper claims on gold now worth nothing at all.

Then central banks came along to "fix" the problem of bankrupt banks leaving depositors penniless. Central banks held gold for people and commercial banks, giving them banknotes from the central bank as receipts for their gold. By 1960, central bank official holdings accounted for about 50% of all aboveground gold stocks, with their banknotes circulating freely. Commercial banks and individuals didn't mind, since each note was convertible to a set weight of gold by the central bank that issued it.

This would have worked well, except that central banks, especially the privately-owned U.S. Federal Reserve, which is NOT a government agency, started creating more bills than they had gold to back. Creating more bills than the Fed had gold to back was essentially creating paper gold, since each bill was a claim on gold. Doing this in secret meant the Fed was manipulating the price of gold, given the extra circulating supply which the market was not aware of. When many depositors of gold at the Federal Reserve, like the French government, started questioning the Fed's gold holdings and creating the threat of a run on gold in the U.S., the U.S. government had to intervene.

In 1971, this came to a head with the Nixon shock. One night, President Nixon announced the U.S. would temporarily stop allowing depositors to trade in their Federal Reserve notes for the gold they promised.

This temporary halt in withdrawals was never lifted. Since all currencies were connected to gold through the U.S. dollar under the Bretton Woods agreement, the Nixon Shock meant that the entire world went off the gold standard at once. All currencies were now just pieces of paper, instead of notes giving the holder a claim on a quantity of gold.

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This was only achievable because gold, over time, was deposited into commercial banks and then to central banks. Once central banks held most of the gold, they could manipulate the price of gold and remove it entirely from daily commerce. Everyday people chose the convenience of paper notes over the security of holding gold, and paid the price.

Instead of a neutral money backed by a precious metal that is difficult to dig up and impossible to synthesize, currencies became easy to print and thus highly politicized. Keeping the dollar at the top of the food chain no longer required restraint and good stewardship to ensure its backing in gold. Instead, it required military expeditions and strong policing to ensure global governments and citizens continued to use the dollar to transact.

A return to gold at this point would be impractical - the world's commercial networks span too great a distance with transactions happening at too high a speed. With paper currency and eventually digital banking systems, what we gained in speed and convenience we lost in soundness and neutrality. We lost our savings, our social cohesion, and our political institutions as a result. Now, we are are debt slaves living on a global plantation that's owned by just Thirteen Families.

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