"The Illusion of Money" by Matthew Scott 9-7-2021
Matthew Scott: The Illusion of Money
Palisades Gold Radio: Sep 7, 2021
Tom welcomes a new guest to the show, Matthew Scott. Matthew explains why he wrote a children's book to explain the concept of money. The book is called "The Illusion of Money" but it should instead be called the "Illusion of Currency".
Eventually, faith is lost in every currency and its value disappears
Children consider banks to be like piggy banks that store money for clients. Most adults think banks make their money with loans via the difference between borrowers and savers. At university, you learn another story about fractional reserve banking and multiplying deposits via reserve ratios.
However, the real way money is created is via loans generated out of thin air issued by central banks. It's new "money" that never existed before that moment. Those closest to the banking system can take advantage of the system and use it to slowly extract wealth from society.
Today, much of the money is created from the housing markets which are in bubbles once again.
Matthew explains his balloon model anecdote for the economy and how banks and politicians manipulate the economic system.
This process creates opportunity but brings along with it numerous issues. He is planning a second children's book on the smoke and mirror illusion of politics.
Time Stamp References:
0:00 – Introduction
0:33 - The Illusion of Money
5:15 - Principals of Money
7:45 - Kickstarter Release
8:50 - Money Creation
12:48 - Distortions & Inequality
15:49 - Lessons in the Book
18:25 - Balloon Economic Model
23:04 - Austrian Thought
25:15 - Wall Street Silver
27:30 - Illusion of Politics
31:12 - Wrap Up
Talking Points From This Episode - Educating children on how fiat functions and how banks create money. - Balloon model for the economy. - The Wall Street Silver movement. - Smoke and mirrors in politics.
Telecom Minister Claims Dinar Redenomination Finalized, Drawing Criticism
Iraq Jawad Al-Samarraie August 16, 2026 Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized. Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.
Good Morning Dinar Recaps,
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KTFA
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FRANK26….8-16-26….THEY ARRIVED
This video is in Frank’s and his team’s opinion only
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Playback Number: 605-313-5163 PIN: 156996#
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We Are On The Mark Ladies & Gentlemen:
1st. Step” Removing 3 Zeros
Doesn’t make you any money.
Doesn’t give purchasing power to citizens.
Doesn’t benefit anyone outside of Iraq.
KTFA
Saturday Night Video
FRANK26…8-15-26….GREEN LIGHT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
TNT:
Tishwash: Iraq Communication Minsters Mentions Plan To Remove Zeros in an Interview
Don't read anything else into this other than the words there
He was interviewed and mentioned there is a plan to do it
It is not an announcement and no date was given
It is still pretty cool!
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Iraqi Minister Of Communications, Mustafa Sanad, Confirms The Issuance Of A Decision To Change The Currency And Remove Zeros From It.
Arabic Iraq @AlArabiya_Iraq Translated from Arabic
Iraq's Minister of Communications, Mustafa Sand, confirms the issuance of a decision to change the currency and remove zeros from it.
KTFA
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FRANK26….8-15-26….WHAT HAPPENED ON AUGUST 15th?!!!!!
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Playback Number: 605-313-5163 PIN: 156996#
MilitiaMan & Crew: Urgent Update: What You Need To Know This Week!
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The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
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Bruce’s Big Call Dinar Intel Thursday Night 8-13-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Note From Wisernow: Sorry for delayed posting due to technical difficulties
Welcome everybody to the big call tonight. It is Thursday, August 13, and you're listening to the big call. Thanks everybody for tuning in from wherever you're located, notice I didn't say wherever you're at. Another pet peeve, sorry, but wherever you're located. Thank you for listening. Thank you for tuning in, and we're going to have a fun call tonight.
All right, so let's talk about Intel. I've got two or three things I want to bring to everybody, and number one is something that was brought to my attention, and that is about what is required for you to go in to the Redemption Center. What do you need to bring? There's been some chatter out there. There's been some PDFs out there. There's some stuff that's a little overblown.
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