Babylonian Money Magic & the Fiat System

The world is made up of all kinds of customs, cultures, and communities, but the largest religion in history takes the cake for the influence it has on the world’s population. This religion directly influences thoughts, emotions, and behaviors on such a grand scheme, it’s proof that the real problem we face today is the power the financial system has over mankind. It’s a spell and one that’s been cast for thousands of years — as far back as the days of the Babylonians.

That religion is money.

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One of the most famous quotes from "The Wizard of Oz" related to money is:

"Pay no attention to that man behind the curtain!" - The Wizard of Oz

While this quote is not specifically about money, it signifies the moment when the illusion of power and wealth is revealed. In the story, the Wizard of Oz presents himself as a great and powerful figure, but when Dorothy and her companions discover the truth, it highlights the idea that appearances can be deceiving.

The quote implies that focusing too much on external symbols of wealth or authority can distract from what truly matters. It serves as a reminder to look beyond the surface and seek genuine substance rather than being blindly influenced by external appearances or the pursuit of material wealth.

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What is the Fiat System?

The fiat system refers to a monetary system in which the currency's value is not backed by a physical commodity like gold or silver but is based on the trust and confidence of the government and its ability to maintain the currency's value. In a fiat system, the government declares the currency to be legal tender, and it is widely accepted for transactions within the country.

Here are a few key points about the fiat system:

• Government authority

  In a fiat system, the government has the authority to create and regulate the currency. It has the power to determine the value, issue new currency, and control the money supply.

• Value based on trust

  The value of fiat currency is largely based on the trust and confidence of the people using it. As long as people have faith in the stability and reliability of the government and its currency, they are willing to accept it as a medium of exchange.

• Central bank role

  In many countries, a central bank, such as the Federal Reserve in the United States, is responsible for implementing monetary policy and managing the money supply. The central bank plays a crucial role in maintaining price stability and managing inflation.

• Legal tender

  Fiat currency is recognized as legal tender, which means it must be accepted as a form of payment within the country. This requirement provides the currency with its universal acceptance for transactions.

Critics of the fiat system argue that it can be prone to inflation, as the government has the ability to create new money, which can devalue the currency over time. They also point out that a fiat system relies heavily on trust, and if that trust is eroded, it can lead to a loss of confidence in the currency.

However, proponents of the fiat system argue that it provides flexibility for monetary policy, allowing governments to respond to economic conditions and stimulate or manage the economy effectively. They also highlight the convenience and efficiency of using a universally accepted currency for transactions.

Overall, the fiat system is the prevailing monetary system used in most countries today, and its functioning and impact are complex and subject to ongoing economic and political considerations.

THE TAKEAWAY:
Babylonian money magic refers to a set of ancient practices and beliefs related to financial prosperity and abundance within the context of Babylonian civilization. The Babylonians, an ancient Mesopotamian civilization, had a complex system of religious and magical beliefs that encompassed various aspects of life, including wealth and commerce.

Babylonian money magic involved rituals, incantations, and talismans that were believed to attract wealth, success in business, and overall financial well-being. These practices often involved invoking deities associated with wealth and prosperity, such as the god Marduk or the goddess Ishtar, and seeking their favor or assistance in obtaining material abundance.

The specific details and practices of Babylonian money magic are not extensively documented, and much of our understanding of these practices comes from fragmented historical sources and archaeological discoveries. It is important to note that the efficacy of such practices is a matter of belief and cultural context, as ancient magical practices were deeply intertwined with religious and cultural systems.