Writing on a currency note in your pocket
“Hamil will pay Haza on-demand”
This means that the government is obliged to pay gold equivalent to this note at your request.
If today the population of Pakistan returns the notes to the State Bank and starts taking gold, then only 20% of the notes will be usable and the price of the remaining 80% notes is Rs. 13 per kg. The rest of the notes have no gold at all, their value is the same as the paper.
After World War II, Europeans burned currency notes instead of wood as the price of wood was higher at that time.
The concept of inflation, the price of a egg was two dirhams in the time of Pharaoh which remained till the end of the 19th century. If we consider this it Mean zero percent inflation.
The value of paper money has fallen several hundred times in the last 100 years. Inflation is a tax that the rich and the poor pay equally without any discrimination. The biggest cause of poverty and misery is paper currency and the interest paid on it.
When any country borrows from the IMF, the dollars don’t flow to them. Only computer transaction takes place in a bank account. Dollars are not transferred to this account either. As of today, 3% of the world’s dollars are printed and remaining 97% are stored on computers. The IMF charter clearly states that no country can issue gold and silver. If it does, the IMF will not lend to such a country, and shall i ask for repayment of pending amounts.
Many heads of countries in the world have been killed for trying to issue their currency or gold and silver.
The first condition for the lending loan from the IMF is privatization and then lending. Ever wonder why this is so.
All petroleum countries, including Saudi Arabia and Iran, are forced to sell petrol only in dollars and not in the currency of the country selling or buying.
This is the biggest fraud in human history
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