A Penny for your thoughts
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When I spot a penny on the sidewalk, I often wonder how it got there. Did it fall from someone's hand or purse with or without the knowledge of the individual who dropped it? Was the penny inadvertently lost, or was it cast aside in disgust, like a piece of lint mined from the depths of a pants’ pocket? When I stoop to pick-up that same penny I react as if someone has graciously bequeathed me with a special gift. I wish to thank that person for giving me exactly what I wanted. |
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When I handle that penny, I try to determine the metal composition without glancing at the date. I look for the obvious signs of age and wear which indicate a copper coin, and yet, if it turns out to be zinc, I still rejoice in my new-found wealth, and I constantly marvel that people still throw money away!
So why is it that I am less thrilled at finding a $1 Federal Reserve Note? Certainly, I could exchange that piece of paper for 100 pennies, and yet somehow that handful of pennies feels more like money than the green printed cotton.
And then of course we have the contemporary proliferation of electronic money. I can use a debit, or credit card in order to purchase a particular item which I desire, and although no tangible money changes hands, the convenience of being able to spend (or borrow) without physical access to any assets is certainly alluring, while at the same time mysterious, in that the entire transaction process takes place in the background, as a digital exchange of electron flow, as opposed to a physical exchange of hard money.
So go ahead and call me anachronistic, but I simply prefer the feel of metal money.
East from West or North from South?
Have you ever tried to catch a rainbow? I once enlisted the assistance of four other intrepid adventurers, and we surrounded the end of a rainbow, which appeared close enough to touch, but of course remained an elusive, ever-moving target. In my personal estimation, this is the difference between metal money and fiat money, the latter of which possesses a decreed value, and like a rainbow’s end, appears so close, yet remains just beyond reach in terms of any discernible purchasing power.
If a home suffered a fire, a flood, or a plague of locusts, which form of money would remain stationary and intact? How about all of that money in the bank? If a cyber-terrorist were able to breach or destroy banking computer systems, what would happen to all of those digits that supposedly represent assets? If the balance information regarding an individual savings account were destroyed, the only wealth remaining would be the tangible contents in a safe deposit box. Yes, an individual bank account holder may have FDIC insurance, but it too, is backed by the same artificial, Federal Reserve money.
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The fundamental difference between metal money and artificial, fiat money then, is the fact that monetary metals such as copper, nickel and silver possess intrinsic, industrial values, while artificial, Federal Reserve money represents credit or debt, which can be exchanged for tangible assets, but the FRN loses value over time and thus can purchase far fewer commodities than it could back in 1913, when the Federal Reserve was created. Certainly, a free market dictates that any two, reasonable individuals should be able to engage in private barter using ANY form of money upon which they mutually agree. Yet, because the vast majority of Americans have only used Federal Reserve Money, and most of that in the form of electronic money, the concept of tangible asset barter, and especially barter with the use of monetary metals such as gold and silver, remains an alien concept, often met with incredulity upon first introduction. And yet I have repeatedly witnessed an instinctively positive reaction, especially from children, when they are introduced to copper, silver, and gold coinage. Employed adults, and especially those receiving a bi-monthly, electronic, direct deposit, have been successfully indoctrinated into the FRN monetary system, and it is for this reason that I believe children understand monetary metals more easily. It is therefore imperative that youngsters be afforded the opportunity to understand the contrasts between these two types of money prior to negotiating any terms of employment, let alone accepting compensation for labor rendered. |
Your money is a form of control and tracking
So what are the benefits of fiat currency, and more specifically, who really benefits from the use of artificial money in day to day trade? I'll give you a little hint - it ain’t you and me.
The Federal Reserve Monetary System was created by private bankers in 1913. The heirs and minions of those same private banking empires continue to benefit from the interest revenue generated by the creation of U.S. Dollars today. For a comprehensive education regarding fiat, Federal Reserve Money, I highly recommend the book “Creature From Jekyll Island” by G.Edward Griffin.
Suffice it to say, even though the Federal Reserve has been marketed to the masses as a benevolent machination for stabilizing the money of the United States, it has instead been used as an instrument for controlling and siphoning vast sums of artificial money into the hands of a very small elite, who in turn use their massive “wealth” in order to control governments, militaries, businesses, and of course, individuals.
Preposterous you say! How could this have been accomplished, and if this truly is the case, where is the public outrage?
Well, if you can find the time between two-parent, 60 hour work-weeks, the endless home-improvement projects on the mortgaged house, trips in the SUV to the mall, the movies and the ball-game. If you can put down that beer for a minute, or the golf club, or that bottle of Zanax. If you can see any discernible difference between the current political candidates, Tweedle-dee and Tweedle-dum. If you can put down the paper, turn off the boob-tube and cease fretting over the “wars” in Iraq, Afghanistan, and the terrorist threat du jour. IF you can find a minute of clarity within this instantly gratified, overly stimulated, whirlwind of a life-style, take stock and responsibility for your own self-imposed slavery, and spare some time away from your own personal bread and circuses (I apologize profusely to anyone whom I failed to offend), then please read on:
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We the People of the several states of the United States have been duped; blind-sided; swindled; robbed of our wealth by the grandest theft in the history of mankind, and that vast, criminal enterprise has been orchestrated and perpetrated by the private, Federal Reserve bankers. If we are to survive intact, we must accept the bitter pill of austerity. Contemporary America has not dealt with the concepts of material denial and stark simplicity, and yet, if we continue on our current course of short-term, selfish indulgence, financing our hedonistic tendencies with an artificial, debt-based currency, we are doomed to bypass austerity while picking up speed towards our final destination at the bottom of the financial crash pit. Monetary history dictates conclusively that artificial, debt-backed, fiat money ultimately reaches its true value: ZERO. |
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I am genuinely concerned about our national economy, and therefore I am attempting to elucidate the reason that studiously concerned Americans like myself seek to acquire tangible assets, and at the same time sound the alarm to those who have everything tied-up in faith-based, Federal Reserve money.
What proportion of your assets is represented by electronic digits?
It is time to step inside the vault and take an accounting of the assets that you REALLY possess.
What type of money do you believe will provide the best value in the long run?