History of paper notes You and I will have one of the notes from Rs 10 to Rs 5000 at that time. Take it out, you will see "

History of paper notes

You and I will have one of the notes from Rs 10 to Rs 5000 at that time. Take it out, you will see "Bank Daulat Pakistan" in bold letters on the left side of the picture of the Quaid-e-Pakistan and below it the value of the note and below it.

"Payable to bearer on demand"

This is the sentence from which the whole story begins. We are working day and night to earn these notes, but we are not aware of their reality. But let me tell you that you are not alone, more than 95% of people in the world are not aware of the fact that what is important for us to know, but we do not take it seriously and the reason for our lack of awareness. How are people benefiting from it? To know all this we have to look at the history of mankindWill have to look briefly.

The children of Adam settled in various places

On the earth in the form of tribes. It was his compulsion to live as a tribe of few people because it was not possible for a single person to fulfill the necessities of life. The provision of the necessities of life was shared among the people, but as the clans expanded, human nature, which is just in its affairs, realized that the one who worked less and the one who worked more could not be equal. Gradually, the system of transaction of goods and labor came into existence, also known as barter systemis called. It may be understood that a man obtained grain from farming, and gave the surplus to a man from whom he wanted clothing. Thus, everyone would get as many accessories as he worked. 

But there was a flaw in this system that it was difficult to exchange some commodities, like a person reared goats and he wants to buy grain by giving one goat, but the person from whom he wants to buy grain has a small amount of grain. Now he cannot even slaughter a goat and give some meat because the farmer does not want goat meat but goats for milk. The solution to this problem was that commodities and labor were exchanged for something that was easy to cut into pieces, easy to move, and had a certain value, and its acquisition also required labor. . 

Here came into existence gold and silver coins

that could be used to buy goods and labor and could also be molded and used as ornaments, and they did not deteriorate for a long time even after several thousand years. Even after years, gold will continue to exist in other elements of nature like air, water and soilIs. Now he who worked as hard earned as much gold, and obtained from it the necessities of life and more than that the adornment of life. 

Gold and silver and other metals are created in space when a star breaks up and their large and small pieces spread in space and these pieces have also reached the earth. In earlier times their acquisition was according to the resources of that time and nowadays their acquisition depends on the existing resources. Among these metals, gold and silver began to be used as currency due to their beauty and long-term durability. 

The wheel of time continued to rotate, man also continued to develop with time. Great empires were established, and they molded these pieces into coins that were easy to exchange, and reliable because of their weight. With the passage of time, man increasingly moved towards modernity. And the more he explored in the phenomena of nature, the more nature blessed him. 

The invention of paper is also a gift of nature to the thoughtful. Paper was first developed by the Chinese, and the first currency notes were issued in China in the 7th century. The purpose of this was that if the copper coins were difficult to carry in case of large payments due to their heavy weight, the receipt of the copper was presented as payment. Now, if copper was required, it would be taken from the warehouse, or the receipt would be given to someone else as payment, and the one who wanted the copper would come and take it, and the rest of the people, who only wanted payment, would carry the weight. would have survived This was a case of very large payments and limited to very specific people. 

In the 11th century AD, the Jews who settled in Europe introduced banks. Today the existing banks are also defined as:

A bank is an institution that borrows money from people at a low rate of interest and lends money at a high rate of interest, thus a bank runs a "profitable" business. 

These Jews would accumulate gold and grow richer by lending and earning interest. After some time, many people started keeping their gold with them for safekeeping due to large scale gold coin transactions, large houses and security guards guarding them. They would receive some money for safeguarding the gold and make a receipt for it. 

This matter went on like this but after some time these bankers noticed one thing...!!! 

That is, someone else comes to keep the gold and someone else comes to take it,

moreover, there were many people who kept gold and very few people who took it back. That is, people started transactions on gold receipts. The reason for relying on these receipts was that one could go to the desired banker whenever he wanted and get the gold at the same time. This confidence gave these receipts the same value in the market as the original gold bullion. Why not matter because dozens of people have used them and never had a receipt returned. These bankers started taking advantage of this trust. 

He began to make receipts in excess of the gold he had, and would deliver them to the market in such a way that any demand for a loan which he believed would repay the amount with interest, would be made into a receipt. And when he would repay the loan with interest, he would pocket the interest and discard the receipt. Without doing anything like this, their wealth started to increase enormously. A few people who had kept a large amount of their gold with them came to know about this and went to the bankers. But they were lured in by promising them some percentage of the interest on these receipts. 

These bankers eventually became rich enough to lend to governments. And started making their own rules. There is an English saying

"He who owns the gold makes the law". 

Many governments adopted his idea, becoming central banks that would often print more bills than they had in gold to carry out government work, including paying salaries and building and development. 

One thing to keep in mind is that some of those to whom they issued loans were poor and unable to repay the loans, even if they had no assets that could be confiscated. Whenever a banker's too many people became insolvent, and on the other hand, the returns of the bills spread in the market began to increase, there came a time when he ran out of the gold held by the people, and the people The receipts in his hand would turn from pieces of gold into pieces of paper. This situation is called bank default.

Since they made their own rules,

in such a situation the public would suffer the loss and the banker would run away with his personal wealth. You must be wondering how people could tolerate such a big fraud? So the answer is that people were helpless by then. Paper receipts had become so common in the market that frauds of banks were frequently detected, and these bankers had government patronage and self-protective laws to protect them. The entire banking system was presented in such a complicated manner, that the common man could not understand itIt would be unfathomable that such banks are still operating today and we are not aware of their fraud. 

The principle of supply and demand has always been applied. Whenever the supply of goods and money in the market is in balance, price continuity exists. But when commodities remain the same and money supply increases, it is called inflation. Since everyone has money, people are willing to buy goods at a higher price, thus increasing their prices. Otherwise, there is an oversupply of goods, which increases the value of the currency and the value of the goods. Prices go down. Ever since banks were established and then went under government patronage and started printing indiscriminate receipts called notes, the supply of money in the market has been increasing and the prices of commodities have also been increasing. 

In the First and Second World Wars, when Europe was in trouble, the United States benefited greatly from this war. He sold arms and necessities to Europe and amassed a good deal of gold. Till then, the transactions between the governments were done in gold. The United States joined World War II shortly before its end, so the effects of the war did not affect its economy. At that time, the US had as much gold as there were US dollars in the market. European governments had financed the wars by printing more currency than they had gold, and their currencies had lost their value. Near the end of the war, a meeting was held to determine the scale of world trade, in which the United States, since It owned 75% more gold than other countries so that's whyThe example of "he who owns gold makes the law" was accepted and even encouraged. 

Then, in 1944, the US dollar was accepted as the world trade currency and the price of one dollar was fixed at 0.888 grams of gold, which is called the Bretton Woods Agreement. Since then every country started keeping US dollars as reserve currency in their central banks along with gold. Each country's currency began to be measured by how much gold and how many dollars they had and how much they had printed.

For example, the central bank of a country has 1000 dollars and 888 grams of gold and their own currency if

If printed in the number of 2000, then their currency is equal to the dollar. 

If 1000 is printed, then it is twice as much as a dollar. 

And if four thousand is printed, then it is half compared to the dollar. 

Thus, the value of each country's currency was determined, which would be stronger if the dollar and gold in its central bank increased, and weaker if these two things decreased. 

At that time, this principle was fixed, but behind it were the same Jewish bankers whose fathers had established trust and started printing more receipts than gold. 

After this agreement, other owners began to sell goods to the United States to get dollars, and some countries began to sell goods cheaply to get dollars, so American industry began to sit because people were getting cheap goods from abroad. America's exports will begin to decrease and imports will increase, due to which almost half of the US dollars will accumulate in the central banks of other countries. 

Based on this, the US has increased defense spending.

Jumped into the Vietnam War, which required him to print more dollars than he had gold to cover the costs. When other major countries saw that there is a very clear difference between America's exports and imports. And it is also embroiled in the Vietnam War. As the supply of dollars in the market continues, they are knocked out. Switzerland returned 50 million dollars to America and got 44 tons of gold. The United States tried to stop other countries from buying gold by applying diplomatic pressure, but could not stop France. France returned about 19 million dollars and received 170 tons of gold from the United States. Britain also wanted to return 75 million dollars and take gold, which was about 660 tons in weight. 

The situation was that the United States had printed three times more dollars than the gold it had and distributed it to the world. Now, if all the countries asked for gold by returning dollars, America would not have enough gold. In fact, America was in debt to the whole world at that time. The reason for his economic and military development was the paper dollar which he printed and was rich and powerful. At that time, i.e. in 1971, US President Nixon gave a speech and said that I am temporarily discontinuing the conversion of the dollar into gold or any material commodity, but this promise turned out to be false, since then the US dollar has been permanently decoupled from gold and He did this with all his might. 

After this announcement, the economy of the world, which was standing on the dollar transferred to gold, came down to only one paper dollar. The paper that the Federal Reserve of America issues an order to print on demand and it is printed. America fights wars with it, buys petrol. It makes economic slaves of countries by using institutions like IMF and World Bank. If dollars grew on trees, it might take time to grow, but the Federal Reserve of America writes a check in a few seconds and billions of dollars appear in the world. If other countries print notes like this, the value of their currency falls.

But the dollar is considered a reserve currency,

so when the US prints these notes, the value of the note does not fall because the dollar is a standard. And this standard is established by the force of the stick and because of the ignorance of the world. Today, we stake our national pride on the IMF for the few billion dollars that the Federal Reserve of America has to simply print. 

So what "will pay the holder on demand" refers to gold of that value, which the law to meet was in place before 1971. But now this is a lie, this note is just a piece of paper, which has no value and we are working day and night to earn it. 

Many times in the history of the world, it has happened that governments mixed gold coins to make more coins, but those coins disappeared over time, losing the earnings of those who earned them, and only the original gold coins remained. This ongoing global deception has to end soon. At that time, whoever will have a pile of these notes or a large sum in the bank will have only pieces of paper and numbers written in the bank account. And those who will have gold, silver, land or other material things, the same wealth. Will be happy. 

The question is that our elders made us earn paper notes due to our ignorance. Will we also hand over this paper to the next generation??

If this trend continues, we or our next or the next generation whose notes will be declared as paper, will surely curse the previous ones. 

Just think...!!