See Through the Monetary Illusion
Gold is money. Federal Reserve Notes are circulating bank notes.Everything you've been told about prices, value, and wealth is measured with a shrinking ruler.
“The gold price went up”
- ✗GDP is $28 trillion and growing
- ✗Your home is worth more than ever
- ✗The stock market hits new highs
- ✗Your wages are increasing
“The FRN lost value”
- ✓Real GDP has been flat for decades
- ✓Your home costs the same oz of gold as 1970
- ✓Stocks are cheaper in gold than 2000
- ✓Real wages peaked in 1970
“Gold is money. Everything else is credit.”— J.P. Morgan, 1912
Measure What Matters
46 economic series. Decades of data. Everything measured in money, not bank notes.
The Framework
Gold is the unit of account
The measuring stick against which all value is measured. It cannot be printed, debased, or expanded at will.
Federal Reserve Notes are bank notes
Circulating credit instruments whose value fluctuates based on how much money (gold) they can purchase. They are not money.
The “gold price” is the FRN exchange rate
When gold is “$2,800”, that means 1 oz of money costs 2,800 Federal Reserve Notes. Gold didn't go up—the FRN went down.
Translate to understand reality
Any price in FRN divided by the FRN/Gold rate equals the real price in money. This reveals whether things are truly getting more expensive or if the currency is simply losing value.