>>510238757
All trade is actually backed (insured) by military force since it first began. This can be understood intuitively by where gold derives its value other than the most intrinsic use of this metal. What is the value of your gold if anyone can take it? zero. So the state insures the safety of private ownership in order to extract a fee for your protection. The fee you pay for this protection (tax) is a symbol of that reciprocal relationship with your protection. So for example if that fee was very high like 90%, this represents what you are actually allowed to own privately.

Your currency wether it is gold or paper, is always redeemable for energy wether it be fuel or human labor. So an ounce of gold always represents the amount of energy it costs to extract and process into a tradable product. The moment we began using oil for our primary source of energy it was inevitable that this would become what we use to measure value. It was no longer possible to use gold because oil is an natural resource that that functions more like an open ended subsidy being continuously extracted from the ground. So the bank prints debt based upon the expectation that this will all be redeemed in the future by energy they expect to extract from the ground

>>509352957
never let a woman hold the purse. The bag is for your possessions. Why do you let your possessions hold the bag?