Recent Posts

Could Trumps 100 Days of Failure Lead to Military Coup?

John Abercrombe 1 hour ago  0
“On Nov. 8th, Americans will be voting for this 100-day plan to restore prosperity to our country, secure our... Read More

More Republican States Support Trumps Travel Ban

John Abercrombe 2 days ago  0
President Donald Trump’s travel ban on citizens of six nations faces its second challenge at a U.S. appeals court next... Read More

JP Morgan Chase Don’t Care About Global Crisis

John Abercrombe 1 week ago  0
The Federal Reserve’s decision to hike rates in March for the second time in three months led investors to... Read More

Spicer’s Genius Still Hidden After Hitler Comment

John Abercrombe 2 weeks ago  0
Sean Spicer defies even his most ardent supporters, carefully hiding his true genius until he is really sure he... Read More

US Nukes Russian Relations

John Abercrombe 2 weeks ago Comments Off on US Nukes Russian Relations
Some sort of response was expected from Russia. This is it. In 2015 a deconfliction line was set up... Read More

Shrewd Bannon Flushes Out Enemies of the State

John Abercrombe 4 weeks ago Comments Off on Shrewd Bannon Flushes Out Enemies of the State
Former Breitbart CEO and current White House chief strategist, Steve Bannon, issued strong demands and the House Freedom Caucus to fall... Read More

Forked Tongue Democrats Dance on the Grave of American Values

John Abercrombe 1 month ago Comments Off on Forked Tongue Democrats Dance on the Grave of American Values
The Democrats futilely trying to save the law they built on lies and rammed through Congress with underhanded tactics... Read More

Major Tech Companies Drop Opposition to Trump Travel Ban

John Abercrombe 1 month ago Comments Off on Major Tech Companies Drop Opposition to Trump Travel Ban
On March 6, President Trump signed a revised executive order entitled, “Protecting The Nation From Foreign Terrorist Entry Into... Read More

Obama Ordered GCHQ to Spy On Trump

John Abercrombe 1 month ago Comments Off on Obama Ordered GCHQ to Spy On Trump
Fox News Judicial Analyst Judge Andrew Napolitano claimed “three intelligence sources” say President Obama looked to British spy agency... Read More

Bankrupt Hillary Announces Wilted Lettuce to be New Hair Piece

John Abercrombe 1 month ago Comments Off on Bankrupt Hillary Announces Wilted Lettuce to be New Hair Piece
In a stunning announcement today Hillary Clinton has decreed that she will use piece of lettuce instead of hair Social media... Read More

The Real Donald Trump is the Essence of the One True Democracy

John Abercrombe 1 month ago Comments Off on The Real Donald Trump is the Essence of the One True Democracy
Many political commentators have accused Donald Trump of “undermining democracy.” This accusation appears to stem from Trump’s penchant for... Read More

Trump Puts Primary Pressure on Pugnacious Party Portion

John Abercrombe 1 month ago Comments Off on Trump Puts Primary Pressure on Pugnacious Party Portion
President Trump wants it to happen and he’s willing to threaten opposition Republicans to get it. So, support a... Read More

What is Smart Money?

Smart Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.

financial institution is an establishment that conducts financial transactions such as investments, loans and deposits. Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions.

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

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