Among 13 crimes set to no longer carry the death penalty in China is the smuggling of gold or silver. The proposed amendment to China’s criminal statutes would reduce the number of crimes punishable by death to 55. That China has in its laws the death penalty for smuggling gold or silver shows just how much the State fears honest money.
Other death penalty crimes set to be eliminated include the smuggling of cultural relics or rare animals, trafficking in tax invoices, teaching crime-committing methods, robbing ancient cultural ruins and carrying out fraudulent activities with letters of credit or financial bills. Such is life (and death) in a total police state.
Honest commodity money has always been the bane of the State. Gold and silver come into existence only through the expenditure of capital and labor. Paper money, the first form of dishonest money, can be introduced into the money supply via the printing press and the legal right to print the money. In the United States, that right is granted exclusively to our central bank, the Federal Reserve System.
However, today the bulk of the new money that the Fed brings into creation is not printed but is result of computer keyboards. While most people never stop to think about it, most of today’s dollars are computer entries, digital dollars that are merely electronic impulses on silicon bubbles. Digital dollars have absolutely no intrinsic value. At least after the Germans destroyed their currency in the great hyperinflation of 1921-1923, they could burn the money for heat.