Sound Money
fix the money – fix the world
your fiat* has a bug
and it's a nasty one
We all have one thing in common. Money. We earn it. We save it. We spend it. In it’s truest sense money is a store of value. Money stores the value of our efforts, our labours and our ideas. Money is used to transfer our energy from today into the future. Ideally, we can take that stored value and trade for services or products supplied by others.
But to function properly, money must be honest and sound. Sound money should hold it’s value from today into the future – it cannot be manipulated by any group, be they individuals, central banks or governments. So we must consider the question, is today’s money sound?
an inflation problem
The money we earn everyday to buy goods and services with and save for our future with, isn’t actually money – it’s currency. In point of fact – it’s fiat currency, which means there is nothing of intrinsic value that backs it. Zip.
“Slow down a minute”, you say.
“I can buy real things with my currency, so it has value!”
While that may be true, you have surely noticed something different over the past while. Your currency simply doesn’t buy as much stuff as it used to. The currency is inflating. It’s losing value. Inflation is not new, it’s been happening for decades, but at an accelerating pace in recent times.
Since 1913, the US Dollar has lost over 96+% of it’s purchasing power. Today (2024), it would cost you $31,734 to purchase a basket of goods that would have cost you $1000 in 1913. [Source] Is this an example of a stable currency? No, not at all.
“But, that’s over 110 years.”, some will proclaim.
Okay – let’s look at the past 3 years (2021 to 2024). Since 2021, the US Dollar has lost over 15.9% of it’s purchasing power. Today (2024), it will cost you $1,159 to purchase a basket of goods that would have cost you $1000 in 2021. Not a good scenario if you’re trying to get ahead and save for the future.
a flawed foundation
So why is this happening? The answer is complex, but at the foundation of the problem is the fact that Governments and Central Banks can create currency at will (from nothing). Because, the currency is backed by nothing, it’s easy to create more of it. Much more of it. Particularly easy when accounts are simply digital entries in a computer. And – politicians are always happy to solve issues with conjured money (The negative effects of which may not be felt for years). History has proven that when given the chance, politicians and central bankers will always fiddle with and increase the monetary base.
As a rule-of-thumb, when you create a whole lot more of anything, the unit value of that anything is going to be reduced.
No fiat currency lasts forever. Currencies worldwide are inflating and losing value. It’s a horrid dilemma for individuals and businesses.
sound money
What is sound money? It’s an important question.
Sound money holds it’s value over time. So, if you store your labour, efforts and savings in sound money today, it should hold it’s value allowing you to release that same value at any point in the future.
Money that inflates, losing value over time, is certainly not sound. And money that has it’s monetary base expanded at will – by fiat decree – is neither sound, nor honest.
resources
If you’re interested in learning more about Sound Money, the following resources are well worth digging in to:
- CITIZENS FOR SOUND MONEY – A US based not for profit organization that promotes the adoption of Gold and Silver as sound money. VISIT SITE & LEARN MORE and consider making a donation. Funds raised are used to promote initiatives that educate and promote legislative changes for Sound Money at the State level.
- Gold Anti-Trust Action Committee (GATA) – A US based organization dedicated to expose, oppose and litigate collusion to control the price and supply of Gold and related financial instruments. VISIT SITE
* Fiat money is a government-issued currency (USD, CAD, British Pounds) that isn’t backed by a commodity (or anything), such as gold. Fiat currency gives central planners undue leverage over the free market economy because they can manage and manipulate how much currency is printed or digitized.
step into a new paradigm
take gold & silver as payment
There is a solution. A solution that is backed by the security and time-tested stability of Gold and Silver – precious metals that have been honest money with no counter party risk for over 5000 years.
That solution is the Kinesis Monetary System. Based on fully allocated, precious metals, Kinesis gold KAU (backed by 1 gram of vaulted Gold) and silver KAG (backed by 1 ounce of vaulted Silver) reintroduce physical backing to money, while maintaining the everyday utility and convenience of fiat currency.
By digitalising gold and silver, Kinesis has reintroduced the enduring value of precious metals to all, via an accessible, easy-to-use platform with global reach.
When your business starts using sound money through the Kinesis Monetary system, you can begin taking payments in Gold and Silver with instantaeous settlement and ultra low processing fees (less than 0.5%). Compare that to the fees traditionally charged by Visa, Amex and the other big credit card providers and you’re looking at significant savings for your business!
Sound Money Commerce
We call it sound money commerce and at AvidCube, we specialize in creating online shops and stores that allow your business to transact in sound money. Reach out and let’s start a discussion about how to make this possible for your business.
So, yes – your fiat has a bug, but there is a solution. It’s called Kinesis. Getting started is easier than you might think.
what’s in a name?
We’re AvidCube Studios. The AvidCube product line is just one of the cool things we’ve created. We build digital solutions that make life easier for businesses, both small and large.
where’s home?
We hang our hats in YYC. Calgary. Home of the Calgary Stampede and the centre of all that is good in Canada. Yup – we’re Albertans and damned proud of it.
considering a cube?
Our Cubes (website design products) are designed and developed to provide value to your business based on your unique needs and requirements. There is no one size fits all. Let's start a discussion about what we can do for you.