Copper Sterling

This idea has now morphed into a different format.

Copper sterling is a concept and a work in progress.  Feel free to comment at flaws etc.

For the update version, click: http://dont-tread-on.me/?p=11151

Aim

Provide the people with a decentralized and debt-free tangible currency.

Philosophy

Mankind has utilized precious metals as a medium-of-exchange for millennia, and the need for a tangible currency is most relevant during the collapse of a government-backed fiat.

Whether deliberately inflicted upon humanity or not, the 201X collapse of current debt-based fiat will herald the birth of a new venture into commodity-backed currencies on a global scale.

I disagree with those that believe the Anglo-American elite desire a gold-backed currency, although I do see signs that the Chinese elite could be considering such a move.  I believe the Anglo-American elite, aka Rothschild and his partner-in-crime Rockefeller, desire a debt-based global governance digital fiat.

I could concede to the notion that ‘they’ have a sequence-strategy of 1: Introduce numerous national/regional debt-based fiats followed by 2: A global gold-backed debt-based currency, followed by 3: Proceed to a global debt-based digital fiat, but I don’t presume a gold-backed currency is their final objective.  A debt-based digital fiat, preferably one ‘bank-wired’ via a micro-chip is most probably ‘their’ sinister goal: they can monitor and tax every transaction with such a currency, and therefore dominate and manipulate humanity with absolute tyranny.

‘They’ even have a strong repulsion towards their own debt-issued cash because trade can be conducted ‘off the radar’, and I suspect that broadening of ‘laws’ prohibiting cash transactions over the coming months will become a feature.

I’m sure they’re well aware that many individuals own gold.  Furthermore, such people hoard this precious metal as the financial equivalent of a tin of baked beans.  Trade through physical gold could be conducted off-the-radar – a behaviour ‘they’ wish to extinguish.  I firmly believe the elite would trash gold as an industrial metal if they could: a behaviour they’ve clearly undertaken with the other precious metal, silver.  I can clearly see that the elite value the control and distribution of the precious metals as a method to control humanity, but I strongly suspect they don’t view them as precious themselves.  At the current rate of destruction, silver will become a feature of the past, thus providing the elite an avenue for greater control over currency as the people have lost one of their reliable medium-of-exchanges and choice of money.

Perhaps I’m wrong, and the elite are not deliberately trying to convince humanity gold isn’t money, whilst simultaneously destroying silver, but it isn’t a key reason why I am proposing a debt-free copper-backed £sterling currency.  The primary purpose would be to provide a tangible copper-backed debt-free currency for the freedom-seeking people to utilize as a medium-of-exchange.

Thoughts of the future

I agree with those that state a medium-of-exchange was most probably introduced by the elite to enslave humanity millennia ago, and that a currency-less society is an ideal that could be achieved some day in the future.  I seriously doubt, however, that humanity is psychologically prepared to leap from debt-based government fiat to no currency at all in a one-step transition.  Perhaps my grandchildren or great grandchildren will be born into a world in which humanity works in harmony with itself and nature without the need for a medium-of-exchange.  However, people aged 30 and above will probably never witness such a world, and our ‘purpose’ must be to a: decentralize the currency and, b: produce debt-free currency.

Final thoughts

In a nutshell:  I believe a commodity-backed debt-free currency is an ideal way to combat the elite whether they intend to pull another gold-backed or a government fiat.  Furthermore, I perceive copper as an ideal alternative – for the Brits at least – to the ‘traditional’ gold and silver currencies of yesteryear.

Silver isn’t the obvious choice for people in Britain.  The last time silver was incorporated into everyday coins was 1947, and they were only 50% silver.  We need to go back to 1919 to identify the year the last 90% everyday silver coin was minted.  It is therefore assumed that most of the coins have either already been melted-down or in the hands of numismatics enthusiasts.

I often smile at the older generation when they refer to their cupra-nickel 5, 10, 20, and 50p coins as ‘silver’.  However, their naivety teaches me that there is a psycho-linguistic connection towards silver, which made me contemplate more.  Of interest to note is that people never refer to £1 and £2 brass-coated coins as ‘gold’.

This lack of psycho-linguistic attachment to referring to the brass coins as ‘gold’ is an obvious behaviour that indicates the people have never wandered around with gold coins in their pocket for a medium-of-exchange.  It will have served as storage-money for the very wealthy, but the common man, and even the middle classes of England, will have only used silver and copper coins in bygone times – not gold.  The gold-standard was inflicted onto the poor and middle classes by the rich to serve the interests of the rich.

The brass coins were a psychological ploy to encourage a cognitive valuing mechanism in the mind of the holder.  To understand my point more clearly please place a 1 or 2 pence next to a 5, 10, 20, or 50 pence and then a £1 or £2 coin next to that.  What do you have?  Do/Can you see the trick of copper, followed by silver, followed by gold as a cognitive valuation of the coins? In reality, if you were using recent coinage you would in fact be looking at copper-plated steel, cupra-nickel, and brass-coated cupra-nickel.

A gold-standard would be an abomination in England, shouldn’t be pursued and also discouraged when communicating with the avid gold-bugs amongst us.  I understand the concept of hoarding gold in an off-the-radar strategy, but I disagree with it being a manner of de-coupling from the elite’s web-of-debt for humanity.  Although, I think they have a lot less gold then they state, the elite do still hold enough gold to control the citizenry of our beloved ancestral homeland.

I strongly insist those that believe the elite have large amounts of silver to re-do their homework.  Areas that establish a debt-free silver standard, such as Utah will de-couple from the elite’s financial system.  I strongly urge anyone in the freedom movement to examine the Anglo-American elite’s silver holdings.  The evidence suggests they hold very little and are in fact on a decades’ long road of deliberate destruction of the world’s silver.

As stated, it often makes me smile when the older generation refer to their cupra-nickel coins as ‘silver’, and I even have a wry grin when people refer to their pennies as ‘copper’.  I often ask, “are you sure it’s copper?” J The main aspect I learn from this is that people do refer to some of our existing currency as ‘copper’, and this has probably been a feature of our language for centuries. The very name “copper sterling” has powerful meaning to it.

What’s in a name?  Well, many things: a name is a word, and a word is a concept.  The name ‘sterling’ has been uttered in the context of English currency for over 1200 years and there’s a significant psycho-linguistic attachment to the term.  I presume many of the smaller groups that fight to ‘protect the pound from the euro’ have little notion that the same force controls both. In other words, I believe the attachment to sterling is firmly imbedded in the Psyche of English people.  This mere word –sterling – is something to fight ‘with’ whilst introducing de-centralised and debt-free currencies to English people, and I believe the word ‘sterling’ along with the word ‘copper’ could prove to be useful allies in the upcoming paradigm-shift.

Copper-backed £sterling

“With around 6 billion pre-1992 copper coins thought to be still in circulation in the UK……….” The UK Guardian May 2006

The beauty of establishing a copper-backed £sterling is that the people already have a lot of copper in their possession.  Many people store change in jars and those large whiskey bottles; many simply haven’t the desire to queue-up at the bank to cash them in, and due to the bizarre 20p cap many stores would refuse payment in copper.

The 1971-1991 pennies and two pence pieces are made of bronze with 97% copper content. Weight-wise, a 2p is a quarter of an ounce, and so sixty-four of them would make one pound weight of bronze.  Initially, therefore, bronze coins could form the foundations of a copper-backed sterling at 128pence current Royal Mint sterling to £1 new copper sterling.

Since copper is a tangible asset there would be far less ambiguity about the value of the currency.  The assessment of a currency’s value will be driven not only by the participants, but also the very nature of the physical form.

Copper-backed £sterling would be easily converted to every other currency, whether precious metal-backed or fiat.  Stability of the currency for those participating in the new £sterling would be an asset and a way to plan ahead.

Copper would also be an excellent local and small business currency and as localism is a natural defence and counter against the elite globalist, a copper-backed £sterling currency would be a ‘morality’ currency – attracting good and honest people towards its purpose.

Transitions

Unlike digital ‘L’, it would be not be feasible to peg copper £sterling to Bank of England £sterling for the obvious reason that copper is finite.  Not a man, woman, or child amongst us can correctly predict how much the elite will inflate the volume of debt-based BofE £sterling.  They certainly appear content to keep M4 at the current level in autumn 2011: This strategy can be inferred by the recent ‘injection’ of £75 billion into the system.  This move achieved keeping M4 the same, but increased M1 as the consumer-credit-based-fiat was paid-down by the people.

What will happen when M1 begins to creep steadily towardsM4 over the following months-or-so remains to be seen, but the recent issuance of £50notes could be omen of future life on the streets of England – who fully knows?

Interestingly enough, on the Bank of England’s official website regarding the new £50, there is statement of, “As new-design banknotes are introduced so the notes they replace are withdrawn.”

However, the UK Guardian reports that, “The Bank of England has not given an official date for withdrawal of legal tender status for the old-style note, but will give three months notice before these become defunct.”

How many ‘drops’ of paper currency will Mervin make over the next few months/years, and how many times will he decide to not give, “an official date for withdrawal of legal tender status for the old-style note”?  I do not wish to think about it to be honest.

So copper-backed £sterling wouldn’t be pegged to current sterling and its function as an absorber of the old fiat at a one-to-one peg is impractical.  However, it could absorb some of the BofE currency through being pegged to copper.  This is a strength of copper-backed £sterling as its store-of-value status as ‘money’ is far better than its fiat namesake.

It would therefore not serve the same purpose as ‘L’, and nor would I recommend it as a substitute to ‘L’.  Copper £sterling could co-exist alongside ‘L’ and act as a tangible debt-free currency for those ‘feeling’ the need for ‘real money’ i.e. Precious metals.  Copper is already touted as a semi-precious metal on many forums around the world, and many can clearly ‘see’ the intrinsic honesty of a debt-free commodity-backed medium-of-exchange.

Paper/fiat-bugs shouldn’t be in conflict with monetary metal bugs

There appears to be conflict at times between those that propose a debt-free tangible and the people that propose a debt-free fiat.  The comments on ‘the money masters’ suggest that people waste too much time debating fiat versus precious metals, instead of recognising that the problem is essentially the basis of our currency supply – usury.

The elite have practiced usury on both precious metals and government fiat.

Please don’t conflate the fiat versus tangible debate with debt-free currencies and the decentralisation of currencies.  I’m not suggesting that you, the reader, does this by-the-way, but I do believe it’s important to focus on the problem: Debt-based currencies controlling the entire ‘above ground’ global markets.

I personally believe we should encourage both debt-free fiat and debt-free tangibles to co-exist and compete alongside one another.  Having either isn’t an automatic barrier to usury practice, and having both will create a more diverse economy.

There are many precious-metal bugs that could resonate with copper- backed £sterling

In late 2008 my ‘alarm bell’ commenced to nag at the back of my mind through my sub-conscience fuelling an avid and dedicated research into the mechanisms underpinning the global system.  It’s been an interesting and enlightening journey, and has brought to my attention a variety of information and groups.  I believe I was somewhat ‘lucky’ as my awakening was undertaken in foreign lands, and so my research was relatively uninterrupted by the UK mainstream media.

By mid 2010, I’d accumulated a certain amount in an ISA – the only time in life when I’d had more than ‘pocket money’ – and as I hadn’t yet purchased a property, I began to assess the currency system and subsequently realised my savings were effectively being confiscated through inflation.  Usury is a diabolical trick, and one I intend to stay clear of as much as possible.  After countless hours of research I decided upon transferring my ‘money’ into silver bullion ‘money’.  I don’t regret this, nor have I ceased to purchase silver.

I’m 36, and people my age and younger are buying precious metals as very few of us trust the government, pension schemes, and have also been priced-out of the housing market.  In late 2010, there wasn’t any bullion merchants offering copper-bullion, but now there are many that offer a combination of copper and silver and a few offering copper-bullion alone.  It’s a trend that should be embraced in the form of copper backed debt-free sterling.

Copper-backed £sterling can accompany and complement ‘L’

Copper-backed sterling will never account for all the debt-based BofE sterling at a 1:1 ratio, and it shouldn’t be pegged like ‘L’ currently is.  Copper-backed £sterling is pegged to the value of physical copper, and will fluctuate with other asset classes on that basis.

I can’t see any reason why both debt-free fiat ‘L’, and debt-free copper £sterling could not co-exist and complement each other.

Stores could accept a percentage of all three currencies.  For example, a store could request£9 BofE, 1’L’ and £0.15 copper sterling.  Fifteen pence would be one AVDP ounce of copper/bronze, and would function as part of 240 pence in the pound for new copper £sterling.

Imagine prices from the 1950s to gauge the price list of items under copper £sterling.

I believe ‘L’ could be useful in facilitating motivation for those with most of their ‘fruits of labour’ invested in BofE £sterling, and therefore could serve a different market function to copper-backed £sterling.

The younger generation, however, do not have a pension unless you count our NI contributions but many amongst the ‘awakened’ are not naïve enough to believe that this currency will survive.  We are also suspicious of fiat – which ultimately could ‘simply’ be a feature of a generational gap.

The young, therefore, have no desire to keep this paradigm going, nor do we require a currency to absorb our pensions.  Copper-backed £sterling could resonate with the youth – bringing them onboard and completing the generational gap between the ‘paper bug’ generation, and the younger ‘monetary metal’ bug generation.

Many people are ‘jumping ship’ from BofE sterling and into the ship of precious metals.  We are, however, somewhat disorganised and most are simply hoarding silver bullion in tins and burying it somewhere.  Having the semi-precious metal copper backing a new £sterling would allow trade to develop amongst such people.  Furthermore, I believe a copper-backed £sterling would eventually be seen by many to be a reliable money and currency, and such people would set-up an account at the bank.

Copper £sterling and the debt-free fiat known as ‘L’ could be a savvy combination to compete against the elite’s banking industry.  Together they would attract a wider range of debt-slaves into a better world.

 

Mathematics of copper £sterling

New copper £sterling would operate at 240 pennies to the pound.

Initially, the coins would be bronze, but later coins could be either pure copper or bronze.  Although copper is the name of the currency, participants would have a ‘gentleman’s agreement’ that the Royal Mint 1971-1991 Bronze coins will be considered as ‘copper’.

A 1971-1991 two pence would be worth 3-and-¾ pence in new sterling, whilst a one penny would be worth 1-and-7/8 of a penny.  Anyone still holding one ½ pence would have 15/16 pence.  For practical purposes, participants should be realistic and encouraged to charge multiples of fifteen pence, or multiples of four 2pence pieces.

If the bank obtained ‘organic’ growth then future copper coins would reflect the market demands.

Therefore 128 pence face value of current Royal Mint 1971-1991 pennies and two pennies would equal One pound new copper £sterling.

Please refer to the ‘Overview’ attached with this document for an explanation of the suggested stages.  Below is a brief summary of the mathematics and physical form of copper sterling.

Stage Physical Form and nature Basic mathematics
One and Two 1971-1991 1p and 2p coins Face value of 128p = £1 copper sterling
Three 1971-1991 1p and 2p coins; digital; copper bullion stored at the bank Face value of the 1p and 2p coins 128p = £1 copper sterling.Extra currency purchased through the bank in the form of copper bullion.  Cost at time of writing around $3.50 a pound excluding delivery etc.KEY NOTE: The fact that initial copper sterling is ‘cheaper’ could provide strong motivation for people to join quickly with their 1p and 2p coins.
Four 1971-1991 1p and 2p coins; digital; copper bullion stored at the bank; Bank produced copper coins and depository notes.  Shillings introduced at this point.  A one-shilling coin would be the highest value of coin weighing 1/20th of a pound.  Five shilling, ten shilling, one pound, and five pound notes would also be introduced. At this point all copper £sterling, including the bronze coins, will be pegged absolutely to the price of copper from the market.  The peg is permanent and unchangeable and the bank becomes unlawful if any CEO of the future attempts fractional reserve banking practices or fiat.  A Permanent peg to copper is the very purpose and nature of copper £sterling.

Summary

 

Firstly, this is simply an idea that can be adapted somewhat.

I hope the information and ideas enclosed are worthy of discussion.

A copper-backed £sterling bank, capitalised on FEES and not usury, and without fractional reserve banking is indeed a Lawful Bank.  One that could function as a service to humanity and an excellent ‘jump ship’ option for those of us uncertain about fiat at this particular juncture in late 2011 and beyond.

Please provide feedback.

Read more at the webpage of CopperSterling

Peace

Gareth Watkinson

12 comments to Copper Sterling

  • My personal problem with all metal “backed” currencies is the same. When done by the State or banks who hold a State monopoly, they are subject to fractional reserve rules and debasement. They could easily say that a silver “backed” dollar is a gram of silver today and 1/2 gram tomorrow with no input or choice by the currency consumers. OTOH, a PM based and denominated currency provided by private institutions that have to compete for the consumer’s confidence would not be debased as easily.

    As an example, you could open a PM account based in silver and conduct electronic private transactions either with a debit card or on the web and pay in grams. Your Boss would transfer the silver to your organization and you would then either ask for delivery or use your electronic means to transact.

    BTW, a good example of a private money transfer via electronic accounts is Paypal. You tie your paypal account to a bank or credit account and pay to anyone internationally using your account and your currency. If a currency exchange is needed, lets say silver to gold, the exchange rate is shown live and you can conduct your transaction knowing the real cost to you in silver based on the asking price in gold.

  • Gareth

    Hi Goldsaver:

    The purpose of the copper sterling bank would to always be lb copper = one £copper sterling. Little room for ambiguity. It’s value would essentially be the value of copper.

    Having a bank would ease trade through depository notes and possibly digital too.

    I agree, governments should have NO SAY in the economy or monetary matters. Their remit should simply be the implementation of constitutional laws and protection of the ‘realm’.

    Peace

  • lastmanstanding

    GS, sounds like you think that banks, internet, employers, etc. will always be a part of our lives…I recommend that you have a backup plan…

  • lastmanstanding, I do have a back up plan, and a backup to that. But I am also a realist and understand that people will try to go back to what they know. I dont have an intrinsic problem with transaction clearing houses (we can call them banks if you wish), as long as they are private and market driven. No State protection or monopoly. All will be free to use them or not. Perhaps some event will force a barter economy at first. This will be short lived. One, barter systems do not work. If you have milk to trade there is a good chance that the person who wants the milk has nothing you want in exchange. Second, we already know a better system. Money. People would not reject money as a means of exchange now that they are accustomed to using it. Yes, a catastrophic event, such as a solar flare caused EMP would destroy the infrastructure. What it can not do is force us to un-learn the advantages of the infrastructure and how to rebuild. Perhaps there will be no internet for 10-20 years, but it will come back. Only in the case of a multi generational disaster would we forget what we know.

  • Gareth

    @Goldsaver: Once again, I find myself agreeing with your sentiment. All money must exist in a physical form at ALL times. IF the internet survives and/or gets set-up again then digital transactions could occur facilitating trade between participants in the economy.

    To be completely honest, the copper sterling bank is more of a concept that a physical bank. I live in a country with very little silver, but copper is relatively abundent and I believe the copper/bronze coins in circulation could be an ideal medium-of-exchange. Anyone with silver WILL hoard it, so silver will serve the function of store-of-value, but I doubt it will circulate i.e. become a currency. People will part with their bronze, so copper sterling could prove to be a useful currency. In bygone times people paid for their day-to-day activities with a pocketful of bronze/copper coins.

    The Copper Sterling bank would also seek to educate the citizenry about malicious usury, the benefits to decentralised currency, and the notion of tangible currencies eg the benefits and drawbacks.

    I believe ‘copper sterling’ to be more than a mere ‘bank’. It’s a ‘transition facilitator’.

    Peace

  • lastmanstanding

    GS…Just checking. You seem (to me) to be one of those highly skilled tech guys and most that I know can’t get free of it…no insult intended.

    I am old school. Yesterday I was falling beetle killed trees in the forest around my home…stacking the logs in strategic positions much like the field stone walls throughout Maryland and Virginia from the Revolutionary and Civil War days. With all of the bug kill in the rockies, these trees increase the danger to homes during forest fires that we have every year…thanks to closed minded enviromentalists. These logs will be eventually used to heat our home.

    Before the day ended, we took advantage of a great “black Friday” sale at a local store. No rioting, no people fighting over things, no one hurt, arrested or pissed off.

    Our purchases: Warm clothes for our stash (to be shared with those deserving and in need), Water storage jugs, fuel stabilizer, Misc. oils, saw chains and ammo.

    I agree regarding the barter system, but it will be the salvation of many until those that have caused this are “dealt with.”

    The “old school guy” has been ‘using the internet to death’ to gather the info that he needs to make it to the other side.

    Keep up the good work…and don’t forget to stack as discounts currently apply.

  • Gareth

    Hi lastmanstanding: I don’t think many ‘eco warriors’ really understand what they’re fighting for….it’s just a type of belonging to many from what I perceive.

    Although I’m hopeful the IT system won’t ‘go down’, I do have a strong suspicion that it will. I can’t pin-point the exact reason but my ‘gut’ tells me that we’re going to regress a lot before we progress again. This is because, like you state, certain individuals need to be ‘dealt with’.

    I want the ‘idea’ or ‘concept’ that copper can be used as a meduim-of-exchange to spread throughout my ancestral homeland – England.

    We really don’t have much silver in England.

    I’ve said it many many times before, “in bygone times people could go about with their day-to-day purchases using copper coins. A pocketful each day was enough for that day”

    There is a LOT more to the copper sterling bank concept than a bank. My intention is to attract real seed producers, organic farmers, and fishermen to the concept. If food can be circulated through copper being a medium-of-exchange then i’ll be very happy.

    Like many, I’ve a large stash of silver, food, weapons, and paper info. I refuse to just ‘bunker down’ though.

    I use the internet to make as many changes in the ‘mindset’ of the people as possible.

    I hope we build our boats, and like a mighty armada we meet in the future.

    Peace

  • lastmanstanding

    Gareth…attracting “feeders” (seed producers, farmers, fishermen, etc.) is an outstanding idea. The problem is attracting the worthless to do the work and be productive…one of the main problems in our world today.

    50% of us in the US pay for and feed the other 50%…who have made NO (or less than NO) commitment to help provide a better life for ALL of us…it will be stopping soon.

    The earth/planet has the final say.

    Wish I could send you an AR and a 1911 for your stash…”you would be the ‘rage’ in your neighborhood.”

  • lastmanstanding

    with plenty of ammo to boot…

  • Gareth

    @Lastmanstanding: There are many people that just refuse to work here – they’ll be in for a shock at some point.

    It’s the ‘working poor’ I wish to introduce the concept of ‘copper is money’ to. Afterall, it is in many ways – ticks all the boxes for money incl store-of-value. I know it’s nowhere near as valuable as silver but like I state, it’s for the ‘working poor’ to use as a foundation. Bronze coins are everywhere.

    Guns eh? The ‘zombie’ serfs of the future won’t have guns either. I’ve just gotta be mindful of the elite’s thugs and so avoid cities.

    I’m ‘handy’ at unarmed combat and combat with knives, sticks, swords etc. Practiced martial arts from a young age….the best training I did was in China under the guidance of the grandmaster of ‘eagle claw’ kung fu – he was Jet Li’s teacher at one time.

    Good luck lastmanstanding.

    We can build a new world once the SHTF stage is over.

    Peace

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