14 votes

The Quality of US Money is the Problem - Let's Talk About It

We've been phrasing the question all wrong. Thinking about the Federal Reserve Corporation and US Monetary Policy is boring. The root of all our pain and suffering is avoided in conversation like the plague. The Quality of US currency is on it's last legs. It's time to talk about why it is this way on a national level. Perhaps if we re-phrase the question, we can get a national discussion on the subject going.

The Quality of US money is very poor. Even tough the quality of paper US money is printed on is good, the Quality of our currency is bad because of all the paper being printed, out of thin air by the Federal Reserve Corporation.

I think we should study why the cost of medical products are so high, and why virtually no one can afford to pay for them.

Silver & Gold - Hidden Secrets Of Money Ep 1 - Currency vs Money - Mike Maloney

Silver & Gold - Hidden Secrets Of Money Ep 2 - Seven Stages Of Empire - Mike Maloney

Silver & Gold - Hidden Secrets Of Money Ep 3 - Dollar Crisis To Golden Opportunity

The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 - Mike Maloney

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Crossing topics

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There are 29 licensed banks, mutual associations and credit unions in Costa Rica, of which four were established as national, publicly-owned banks in 1949. They have remained open and in public hands ever since - in spite of enormous pressure by the I.M.F. [International Monetary Fund] and the U.S. to privatize them along with other public assets. The Costa Ricans have resisted that pressure - because the value of a public banking option has become abundantly clear to everyone in this country.
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http://www.dailypaul.com/305201/public-banking-in-costa-rica...

That is not a new story.

Here:
http://www.lietaer.com/2010/03/the-worgl-experiment/

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In 1932, in the midst of the Great Depression, the small town of Wörgl in Austria successfully experimented with its own local currency (in the form of a stamp scrip). Based on the thinking of Silvio Gesell, an early 20th-century economist, and designed to stimulate the local economy, the new currency helped put the population back to work, and inspired many other communities to want to follow its example, until the experiment was abruptly terminated by Austria’s Central Bank in 1933.
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Here:
http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-...

Quote:
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His name is Bernard von NotHaus, and he is a professed “monetary architect” and a maker of custom coins found guilty last spring of counterfeiting charges for minting and distributing a form of private money called the Liberty Dollar.
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Here:
http://stakeventures.com/articles/2008/07/22/the-man-finally...

Quote:
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It is with sadness I today read Douglas Jackson’s blog post outlining the final blow to e-gold by the US government.
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Here:
http://www.amazon.com/Reclaiming-American-Revolution-Kentuck...

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"But Hamilton wanted to go farther than debt assumption. He believed a funded national debt would assist in establishing public credit. By funding national debt, Hamilton envisioned the Congress setting aside a portion of tax revenues to pay each year's interest without an annual appropriation. Redemption of the principal would be left to the government's discretion. At the time Hamilton gave his Report on Public Credit, the national debt was $80 million. Though such a large figure shocked many Republicans who saw debt as a menace to be avoided, Hamilton perceived debt's benefits. "In countries in which the national debt is properly funded, and the object of established confidence," explained Hamilton, "it assumes most of the purposes of money." Federal stock would be issued in exchange for state and national debt certificates, with interest on the stock running about 4.5 percent. To Republicans the debt proposals were heresy. The farmers and planters of the South, who were predominantly Republican, owed enormous sums to British creditors and thus had firsthand knowledge of the misery wrought by debt. Debt, as Hamilton himself noted, must be paid or credit is ruined. High levels of taxation, Republicans prognosticated, would be necessary just to pay the interest on the perpetual debt. Believing that this tax burden would fall on the yeoman farmers and eventually rise to European levels, Republicans opposed Hamilton's debt program.

"To help pay the interest on the debt, Hamilton convinced the Congress to pass an excise on whiskey. In Federalist N. 12, Hamilton noted that because "[t]he genius of the people will ill brook the inquisitive and peremptory spirit of excise law," such taxes would be little used by the national government. In power, the Secretary of the Treasury soon changed his mind and the tax on the production of whiskey rankled Americans living on the frontier. Cash was scarce in the West and the Frontiersmen used whiskey as an item of barter."
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National Debt Fraud and Extortion does not work when competition does work, so the competition of home grown money (whiskey) had to be crushed: thanks for all the help Al and George?

Here:
http://praxeology.net/BT-SSA.htm

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"First in the importance of its evil influence they considered the money monopoly, which consists of the privilege given by the government to certain individuals, or to individuals holding certain kinds of property, of issuing the circulating medium, a privilege which is now enforced in this country by a national tax of ten per cent., upon all other persons who attempt to furnish a circulating medium, and by State laws making it a criminal offense to issue notes as currency. It is claimed that the holders of this privilege control the rate of interest, the rate of rent of houses and buildings, and the prices of goods, – the first directly, and the second and third indirectly. For, say Proudhon and Warren, if the business of banking were made free to all, more and more persons would enter into it until the competition should become sharp enough to reduce the price of lending money to the labor cost, which statistics show to be less than three-fourths of one per cent. In that case the thousands of people who are now deterred from going into business by the ruinously high rates which they must pay for capital with which to start and carry on business will find their difficulties removed. If they have property which they do not desire to convert into money by sale, a bank will take it as collateral for a loan of a certain proportion of its market value at less than one per cent. discount. If they have no property, but are industrious, honest, and capable, they will generally be able to get their individual notes endorsed by a sufficient number of known and solvent parties; and on such business paper they will be able to get a loan at a bank on similarly favorable terms. Thus interest will fall at a blow. The banks will really not be lending capital at all, but will be doing business on the capital of their customers, the business consisting in an exchange of the known and widely available credits of the banks for the unknown and unavailable, but equality good, credits of the customers and a charge therefor of less than one per cent., not as interest for the use of capital, but as pay for the labor of running the banks. This facility of acquiring capital will give an unheard of impetus to business, and consequently create an unprecedented demand for labor, – a demand which will always be in excess of the supply, directly to the contrary of the present condition of the labor market. Then will be seen an exemplification of the words of Richard Cobden that, when two laborers are after one employer, wages fall, but when two employers are after one laborer, wages rise. Labor will then be in a position to dictate its wages, and will thus secure its natural wage, its entire product. Thus the same blow that strikes interest down will send wages up. But this is not all. Down will go profits also. For merchants, instead of buying at high prices on credit, will borrow money of the banks at less than one per cent., buy at low prices for cash, and correspondingly reduce the prices of their goods to their customers. And with the rest will go house-rent. For no one who can borrow capital at one per cent. with which to build a house of his own will consent to pay rent to a landlord at a higher rate than that. Such is the vast claim made by Proudhon and Warren as to the results of the simple abolition of the money monopoly."
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Neither Public or Private competition can be allowed by the Private or Public Money Monopolists in any significant form, because competition affords the money consumers a higher QUALITY option.

The choices made by all the consumers in Liberty constitutes the FORCE that brings down any Monopoly of any kind.

Joe

I think we should study why

I think we should study why the cost of medical products are so high, and why virtually no one can afford to pay for them.

The quality of money is going down, causing prices to rise.

I said this to a store clerk and he immediately stopped to think about it. Most people understand the definition of the word Quality.

The Federal Reserve

The Federal Reserve Corporation, with help from my Federal Government, destroyed the purchasing power of the fruits of my labor as a manufacturing machinist my whole life. I'm now 52 and don't have many good working years left. Is it my fault I was born at the wrong time?

I did use my knowledge of the situation along the way and still did OK. Thank God I don't have kids to worry about.

Why?

Why does everyone refer to this topic as "destroying money's purchasing power"? On one hand, it's technically correct but on the other, it's vastly distracting and obfuscating. The average person's understanding of the mechanism behind purchasing power is limited. They just glaze their eyes over at the sound of it.

A better way to describe it would be: "The major banks joined forces in a group called the Federal Reserve and, acting as the U.S.'s private central bank, has robbed 97% of the value from every dollar in existence."

When I describe it this way to people, they ask the next logical question. It's usually one of the following (including my replies):

Where did it go? > To these banks, their stock holdings and their officer salaries.

How do they do it? > Printing twice the money would make each dollar be able to buy half as much, right? So, they print this money all the time and run all the new money through their banks first.

Why do people not change this? > Because their argument that increased money in 'the system' means it's easier for people to get loans for the nation's growth. In this, they are correct but it also means that growth is all indebted to them.

How could we change it? > Two possibilities. First, we could stop them from issuing any money that's not legally tradeable for gold or silver (our only two legal true currencies) - which would crash their banks and take down the stock market and most bonds all the way to the local level. Second, we could stop using any financial service that continues this debt cycling. This would include everything from transactions for banking with them, to borrowing from them, to paying them to trade stocks for us, to allowing them to manage or retirement savings. The former would probably crash our entire economy first before they even went under, while the latter would fix our economy first BECAUSE it removed our dependence on them.

After these few questions, they're usually educated enough to take the discussion on any number of paths without much conspiracy whining.

Very good but missing a key point?

In my opinion it is vital to link the fraudulent money with the extortion racket known as the Internal Revenue Extortion Service.

If you and you and you and you decide to use a money other than Federal Reserve Fraud Notes then you make no income that is taxable according to their system of fraud and extortion.

How can they tax you on an income of 44,321.67 "dollars" per year, if you pay for and are paid for economic productivity in a competitive form of money? You no longer work for fraud money, so as far as they are concerned you made no money for the entire year.

http://www.ssa.gov/oact/cola/AWI.html

That is the average wage according to the "authorities" who denominate their control over their subjects in Federal Reserve Notes or "dollars".

Here:

http://www.usdebtclock.org/

Denominated in Federal Reserve Fraud Notes

If you use higher QUALITY and lower COST (cost is a quality) money instead of Federal Reserve Fraud Notes then how can The Internal Revenue Extortion Service claim that you owe them any Federal Reserve Fraud Notes?

If you use competitive money instead of the monopoly money then the monopolists no longer have a claim upon your economic productivity.

Joe

I'm not missing it, I'm just not leading with it

As I ended with, "After these few questions, they're usually educated enough to take the discussion on any number of paths without much conspiracy whining."

At this point, they're usually open enough to the follow up questions that you can explain pretty much any part of it and they'll have enough interest to listen for a while. Most people simply don't understand that different currencies or even different forms of money offer differing outcomes.

Thanks for the clarification

The trials that result in success instead of error are competitive compared to those trials that result in compounding error.

I do like the technique offered, as it is similar to mine.

People who are ready to listen are readily able to understand their own cost/benefit trials.

Joe

Competitive purchasing power?

I want to look at the information offered in the video to see if the information is competitive.

Before doing so I am going to offer competitive information.

Money can be understood as being a competitive measure of power to purchase.

With that goal in mind there can be any number of competitive forms of money placed side by side whereby any one considering the purchase of one or the others can then know which is more competitive and which is less competitive by that measure.

Examples:

1. A unit known as a Federal Reserve Note or 1 dollar bill.

2. The same measure of purchasing power measured as a weight (mass measured as a function of gravity) of gold.

3. The same measure of purchasing power measured as a weight of silver.

4. The same measure of purchasing power measured as a number of or division of one Bitcoin

5. The same measure of purchasing power measured as a number of or a division of Euros

If each are then measured as being the same exact precise amount of power to purchase, each being able to purchase the other at the same rate of exchange at that moment, then the quality of purchasing power is accurately measured for that exact moment in that exact potential purchase.

The person intending to purchase either a Federal Reserve note dollar, or a measure of gold, or a measure of silver, or a measure of bitcoin, or a measure of Euro, may have some measure other than those measures with which to offer in exchange for any one of those forms of money.

1.
A goat.

2.
A chair.

3.
A Solar panel that can produce 25 years worth of electric power.

4.
A bag of tomato seeds that can reproduce tomatoes and tomato seeds.

5.
Two fertile human beings of sound mind and body, one being female, the other being male, sold as slaves, capable of reproducing and parenting a number of new human beings; if the slave owner is male then perhaps less need for the male?

Tomatoes contain energy in the form of calories that can be measures that measure power exactly as units of standard measures of power: calories.

1 unit of 1 calorie is the amount of energy needed to raise the temperature of one kilogram of water by one degree Celsius.

1.
Calorie

2.
Joule

3.
Foot pound

4.
British Thermal Unit

5.
Kilowatt hour

A Kilowatt hour is always the same measure of energy or electric power useable to get things done.

The neighbor who has many solar panels can buy dollars from the neighbors without solar panels when the only one on the block in the neighborhood who has electric power is that one neighbor.

The neighbor with solar panels and a greenhouse full of tomatoes can buy dollars from the neighbors without solar panels and without a greenhouse full of tomatoes.

The neighbor with solar panels, greenhouse full of tomatoes, and an electric pump pumping water out of a water well can buy dollars from those without solar panels, greenhouse full of tomatoes, and an electric pump pumping water out of a water well.

The neighbor with solar panels, greenhouse full of tomatoes, water flowing out of a well, and a few electric cars can buy dollars from those who no longer can afford very high gas prices as control over the supply of petroleum shifts over to the people riding roughshod over the people in China.

As world reserve currency power, which is fraud and extortion made legal, shifts over from The Dollar (petrodollar) Hegemony to the BRIC Competitors (Russia, China, Brazil, India, etc.) the Federal Reserve Note Unit of Purchasing Power will become less powerful in a very accurately measurable way.

The FORCE that will then be working to FORCE the quality of the money supply in America up will no longer be the FORCE of a very effective lie, combined with a very effective Extortion Business, whereby the lie, or fraud, is now known as The Federal Reserve System of Fraud, and the Extortion Business is known as the Internal Revenue Extortion Service.

The combination of an enforced Extortion payment payable in ONLY Federal Reserve Fraud Notes is currently the FORCE that "backs" the purchasing power of the Federal Reserve Note used for domestic consumption.

Oil power and aggressive military power has been the power in FORCE that has forced the Purchasing Power of the Federal Reserve Fraud Note for foreign consumption. The example here includes the "ownership" of much of the "National Debt" being owned by foreigners who are not paying the Direct Tax demanded by the Internal Revenue Extortion Service.

At home those who produce anything worth stealing are robbed by the Internal Revenue Extortion Service and those payments are demanded by the criminals running the Extortion Racket to be paid in Federal Reserve Notes. That creates the domestic demand for earners to work in exchange for Federal Reserve Notes instead of earners working in exchange for a higher quality money.

Abroad the FORCE that demanded the purchase of Federal Reserve Fraud Notes has been a price paid to the criminals in America who run The Federal Reserve Fraud Note Scam and the Internal Revenue Extortion Service, for access to trade with the productive earners in America.

In other words we have been fucked royally.

Have a nice day.

Joe

would you not agree

the best start, the path to prosperity, would be to restore our lawful money?
i am all about competitive currencies, barter, whatever. only gold and silver is mentioned in our law and i can't even get joe schmoo interested in talking about that. let alone the points you raise.

"The two weakest arguments for any issue on the House floor are moral and constitutional"
Ron Paul

Case in point

If you understand that money is not money if it has no power then it can be as powerful to understand that accurate information in the use of any money, no matter what form it is, proves out to be worth the effort to understand in accurately measurable ways.

Some people are already doing very well with barter systems and I have personal experience offered to me by my friends and relatives in New Jersey who have used that form of money (a barter accounting system) to their mutual benefit.

They told me. I merely listened.

The States of Utah and Arizona are legalizing their own competitive state banks whereby the backing of their money will be gold and/or silver.

http://appreciatinggold.com/arizona-and-13-states-following-...

I did not dictate to them what is or is not money. I listen, and I learn. I went to a Liberty Conference in Reno Nevada recently. Ron and Rand Paul both spoke at the convention. Another person spoke, and later I had a brief talk with that person, who was an adviser to the Utah State committee then moving to return back to a State gold standard. I asked the speaker if he confirms my understanding that such an act by Utah would threaten the dominance of the Fraudulent Federal Reserve Legal Money Monopoly Power. He said yes, and we both know that that can turn into Federal Troops on the ground invading Utah so as to enforce a Fraudulent Money Monopoly.

What is now happening in this country?

I look around. I listen. I see. There are good people on this forum right here offering their generous help, linking the work of Karen Hudes for example. I listen.

I do not dictate.

I offer CURRENCY and it is powerful currency.

Yesterday someone I know personally, an old friend at an old job, informed me of 2 stocks he recently purchased in American companies, and he is making a killing. That is money, financial instruments, used to make more out of less, honestly, accurately, and productively.

My efforts are focusing on common law grand juries and although I am way behind in the necessary steps to move incrementally toward liberty and away from dictatorship, those who are way ahead of me appear not to be clued in on the significance of bonds that bond the so called Public Servants.

Bonds are forms of legal money.

Whenever a bonding agency competes in a free market they must, by necessity, gain the accurate information that reports to them who is raising the costs that the bonding agencies MUST pay out as those who are bonded step over the line of good conduct and step firmly past that line into acts that constitute malfeasance.

How can the plug be best pulled on the flow of power flowing to criminals hiding behind false badges?

Call up their bonding agency and report a claim?

You volunteer to be the judge, jury, and executioner?

Are my words foreign to you, or are my words foreign to too many people while, at this moment, the tide is rapidly turning?

I've been at this for over 25 years, and I can testify to you that the tide is decidedly turning in the favor of sound or accurate currency including the average messages being passed by average working Joe's like me to other average working earners across this country.

I think the best start, as you offer to me, "the best start," in your own words, is a hard look in the mirror.

Find those lies that infect the mind and question them.

Example: "our lawful money"

Who are you speaking for when you choose those words?

My lawful money is not likely to be yours? <----- I added a question mark, so as to change my "money" (verbal currency) from a command into an offer.

Joe

lawful money

as described in our Constitution. that was what i was referring to.

"The two weakest arguments for any issue on the House floor are moral and constitutional"
Ron Paul

Thanks for the clarification

I do not belong to the group that claims that "we" have a constitution as in "our Constitution," so my error may be in not pointing that out so as to avoid any further confusions on that point.

Joe

Good Topic.

But how do we the people enforce this:

http://www.constitution.org/uslaw/coinage1792.txt

snip:
the directions of this act, through the

default or with the connivance of any of the

officers or persons who shall be employed at

the said mint, for the purpose of profit or

gain, or otherwise with a fraudulent intent,

and if any of the said officers or persons

shall embezzle any of the metals which shall

at any time be committed to their charge for

the purpose of being coined, or any of the

coins which shall be struck or coined at the

said mint, every such officer or person who

shall commit any or either of the said

offenses, shall be deemed guilty of felony,

and shall suffer death.

beesting

A true definition of a sheeple should be, someone

that believes the Federal Reserve is owned by the Federal Government.

This one entity is responsible for more death and misery than most realize.

Gold standard: because man can not be trusted to control his greed

Forgive me for re-purposing

Forgive me for re-purposing this old thread. I just wanted to get this idea out there.

Beautiful.

Beautiful.

Homeland security statement: patriotism is now considered terrorism.
I love www.isidewith.com shared it with everyone I know. If anything they realize its not just a red and blue idiot running for reelection.

As long as this LIE is perpetuated

you justify their intervention.

"Apparently, those who don’t have medical insurance adversely impact the medical industry and the delivery of medical services."

This is an encompassing lie that must stop. My lack of medical insurance in no way "impacts" the medical industry. We cannot argue the truth if we buy into the lies that are the cornerstone of the opposing argument and the reason for passage of ACA in the first place.

fireant's picture

I wish constitutional commentators would get it right...

"Equal protection" is OF the law, not under the law. No one is being protected, rather, it is the intrinsic integrity of the law itself which is being protected. When law is created which applies to selected portions of the jurisdiction from which it originated, rule of law no longer exists; rule of men proceeds. Read Blackstone. A large swath of existing law violates this fundamental precept of liberty.

Undo what Wilson did