Inspirations after a conversation I had with a grad student (with a concentration in "philosophy of economics") whom I shared this four-fold overview about money.

Date:   8/12/2014 6:49:34 AM ( 10 y ago)

Originally titled: (Have You) Got Real Money?

Or does what you believe is "money" have you?

Four things to be clear about with regards to the "economic sphere".:

The very first thing to be completely clear about is: - your beliefs about what you regard as "money".

If you think real money consists of the paper cash (AKA Federal Reserve Notes) that you have or that any financial institute supposedly is holding for you then see if you can verify what is backing your paper. Or take my word - there is nothing backing it!!!! Where is the real money my friend?

This leads to the second thing to be clear about and that is to have true knowledge and understanding as to what the "Constitution of September 17, 1787" says lawful money is.

Thirdly - True knowledge and understanding regarding the nature of "credit" and "money" lending.

Lastly (but not least) True knowledge and understanding regarding taxation, incurred interest and all fees attached to "money" and "money" lending.

Dr. Mercola has an article titled: "10 Interesting Facts on Money". I don't see one fact that is actually about money itself.[1]

All the "facts" appear to be either about receiving or spending. What do you think?

I think people do not typically think about money itself - as to what real money actually is. People have been conditioned from the earliest time possible in their life to "buy into" what the collective believes money is and virtually no one even gets into Article I Section 8, Clause 5 to know that "Money" is something that is "coined" or Section 10's "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts ..." All of that seems to be an ancient and virtually forgotten memory.

However the truth is that this particular subject of the "supreme Law of the Land ..." has not been amended, revoked or replaced. (Unfortunately the whole entire "Constitution" also has not been adopted.) In any case the belief about what money is now is a totally different animal than what money was clearly understood to be from the start of the American experiment (that began with true freedom)! The relatively recent belief and reality regarding money-as-paper only entered into our actual day-to-day existence about 100 years ago and it took about half that time to segway to the point where there no longer was an option printed on the paper to redeem it for gold or silver. 55 years ago if you had the "paper" you could enter a bank and lawfully demand the gold or the silver that the paper said it could be redeemed for. Now there is nothing printed on the Federal Reserve Notes about redeeming it for anything at all! All you have is the paper. If you scotch tape enough of those FRNs together into a bag - it is an empty bag my friend!

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August 9, 2015 -

"Money, which represents the prose of life, and which is hardly spoken of in parlors without an apology, is, in its effects and laws, as beautiful as roses." -
Ralph Waldo Emerson
US essayist & poet (1803 - 1882)[2]

I would like to access the larger context of this quote so I can fully grok this!

This line is quoted in On Target![3]

That author says:

"Over the years, I have been astounded at the undue attention that my readers,and most Americans, it seems, have about money. ...

Those folks who followed my suggestions in those days, bought silver coin at face value and sold it at four times face value in 1973, and then bought gold coin at ..."

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Notes:

[1] http://articles.mercola.com/sites/articles/archive/2004/02/28/money-facts.aspx

[2] http://www.quotationspage.com/quote/9009.html

[3] mhkeehn.tripod.com/ontarget.pdf

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Keywords:
economic sphere, money, Constitution of September 17 1787, credit, lenders, banking, incurred interest, financial fees, usery, gold backed, silver backed, gold standard,


 

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