"The Government cannot be trusted to make decisions for our benefit..."
The dangers of leaving your money in a bank and how Tally Money gold can benefit the every-day person
Interview By Jasmine Birtles
THE money we use on a day-to-day basis is designed to lose value, according to founder and CEO of the gold-backed currency TallyMoney.
Cameron Parry says inflation is baked into our economic system and works against citizens. He also points out that fiat currencies (pounds, dollars, euros etc) are fast losing their value thanks to money-printing that is still going on and is likely to continue.
As an illustration of the pound losing value while gold goes up he says that, although the price of a cup of coffee has gone up hugely in price over the last few years, if you bought it in gold – or in Tally using his payment card – it has actually gone down, thanks to the strength of the price of gold.
“The biggest problem in banking is the money itself,” he says. “Our currency [Great British Pounds] is a bad product. With Tally we are a challenger currency, we’re the first, alternative, mainstream currency.”
Gold, he says, has increased in value by 10 per cent a year against the pound since the start of the century, so the longer you hold gold, the better off you will be.
Parry also discussed the bankrupt nature of most Western democracies and the fact that no one wants to face the real situation we are in, where the money to pay for benefits such as the state pension, health service, education and more is no longer there, but voters do not want to lose them.
He says: “The UK Government cannot be trusted to make decisions for our benefit.”
Cameron Parry is TallyMoney’s Founder/CEO and is a serial entrepreneur who has built start-ups into public stock market-listed companies. He felt so strongly that the fiat currency fractional-reserve banking system works to protect and benefit banks to the detriment of savers, that he designed an independent monetary system with a gold-based challenger currency as an alternative mainstream money for everyday use.
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As far as I'm aware, you can only download the Tally money app onto a phone. They need to have an app for laptops. As long as it remains phone based people like me won't be able to use it.