What Is Money? Who Controls It?
Gold is money! Silver is money! Everything else is credit!
J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”
J. P. Morgan was the founder of JPMorgan Chase & Co., an American multinational financial services company headquartered in New York City. It is the largest bank in the United States and the world’s largest bank by market capitalization as of 2023.
In 1973, Henry Kissinger is purported to have said (though it is disputed): “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls the money can control the world.”
Whether he said it or not, it is true. However, he would have to have been talking about credit.
Since the United
2024-01-30