![J.P. Morgan stated this quote in his testimony before Congress in 1912. He was trying to convey the idea that gold was the money itself and everything else was derived from this J.P. Morgan stated this quote in his testimony before Congress in 1912. He was trying to convey the idea that gold was the money itself and everything else was derived from this](https://i.redd.it/sgx0l3ouf8h61.jpg)
J.P. Morgan stated this quote in his testimony before Congress in 1912. He was trying to convey the idea that gold was the money itself and everything else was derived from this
Economist Network - Economic News - "Gold and Silver are money... everything else is credit" John Pierpont Morgan #gold #silver #money #credit #jpmorgan | Facebook
![Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan was Corrupted by Wall Street Greed and Unleashed a Catastrophe : Tett, Gillian: Amazon.it: Libri Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan was Corrupted by Wall Street Greed and Unleashed a Catastrophe : Tett, Gillian: Amazon.it: Libri](https://m.media-amazon.com/images/I/515l2CG9XDL._AC_UF1000,1000_QL80_.jpg)
Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan was Corrupted by Wall Street Greed and Unleashed a Catastrophe : Tett, Gillian: Amazon.it: Libri
Gold is money, everything else is credit” JP Morgan (1912) . This was just one year before the Federal Reserve fired-up their FIAT… | Instagram
![JP Morgan veteran becomes CEO of blockchain precious metal company Tradewind Markets - Ledger Insights - blockchain for enterprise JP Morgan veteran becomes CEO of blockchain precious metal company Tradewind Markets - Ledger Insights - blockchain for enterprise](https://www.ledgerinsights.com/wp-content/uploads/2019/04/gold-810x476.jpg)