The author, founder and CEO of Karatbars International GmbH could not have chosen a better time to publish his book “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies). The world is in turmoil and the political landscape is changing, but the performance of the banking system is also fraught and unstable. If the world is turned upside down and inflation ensues, conventional currencies will be worth practically nothing overnight. It is not without reason that Brexit is so heatedly debated and postponed, as Britain’s withdrawal from the EU will also entail a change in financial market policy. In his book, “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies), Dr. h.c. Seiz writes about the risk of the ever-increasing pressure that cash is subject to and about financial market problems, unstable banks and influences on today’s financial system. He explains the term debt currency, reports on the history of debt and, in the book “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies), goes on to discuss the phenomenon of fiat money, the currencies that nowadays are created out of thin air.
Whether the currency is dollars or euros: With the elimination of the gold standard, consumers can now only rely on the promises made by the government that they can exchange the printed paper for the value printed on it, in return for goods and services. But what happens if, as history has already shown us, an inflation occurs?
Lack of confidence in banks and how it can be restored
The huge amounts of government debt are growing and despite the proclaimed growth in economic output, it is an undeniable fact that Germany, as well as other nations, are indebted. Since the bank crashes of recent years, confidence in the regular monetary system has plummeted dramatically. Since the introduction of the low interest rate policy, people with savings have been virtually stripped of their assets and are forced to watch their money lose value day by day. In “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies), Dr. h.c. Seiz writes about the risks of a debt currency as a means of payment and about the dangers of the global infrastructure. In “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies), not only does he describe the problems and dreaded scenarios, but he also gives an indication of how consumers and savers can find a safe haven and abandon the debt money system. How can one place their trust in a debt currency that can collapse and lose value as a result of external influences? In the past, inflation has shown that printed paper, as a means of payment today, is not worth more than the piece of paper it is printed on. On the other hand, there is gold, which has been accepted as a means of payment and exchange for thousands of years and which, because of its physical value, cannot succumb to the perils of inflation.
Cashgold – banknotes with 24 carat gold as a future means of payment
There is no denying that the financial markets are changing. Anyone who has read the book “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies) and has had a close look at the current monetary system, currencies without reinsurance, and the daily decline in confidence in banks, will instinctively become aware of an entirely new possibility. The author dedicates the last third of the book to the product Cashgold. Before writing about Cashgold as a safe haven, he briefly outlines the history of gold and the value stability and security of the price of gold. In his book, he goes on to describe Cashgold, the banknote developed by Karatbars International GmbH with 24 carat gold, as a revolutionary means of payment, and shows readers that they do not have to rely on the debt-money system, but can instead bank on real values. Unlike any other banknotes in the world, the Cashgold bill contains a miniature gold bar, the value of which is exactly the amount that the respective bill is genuinely worth.
In “Cashgold vs. Schuldwährungen” (Cashgold vs. Debt Currencies), the author Dr. h.c. Seiz encourages a new way of thinking and presents solutions that lead us out of the conventional debt-riddled and volatile financial system.