UncleNasty
Posts: 1108
Joined: 3/20/2004 Status: offline
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quote:
First Rule of Everything: Figure out who is making a profit. There is much truth in your statement farglebargle. I take the mention of profit and immediately move my thoughts to our concepts and "practices" of money. What is money? Who "creates" our money? Who controls our money? Basic questions that few have very much understanding of. That is tragic as money is what our lives are about first. As much as we want our lives to be about family, friends, dungeons, school, etc., it is money that holds the most prominent place in most of our lives. The evidence for this is that when we don't have enough none of the others are really possible. Article 1, Section 8 of the US Constitution states: Congress shall have the power to ..... coin money, regulate the value thereof, and of foreign coin, and fix the tandard of weights and measures; John Adams said: All the perplexities, confusions and distresses in America arise not from defects in the constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature coin, credit and circulation. Thomas Jefferson said: If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, then banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered. Since 1913, when the Federal Reserve was issued its charter, the value of our paper currency has diminished by 96%. Meanwhile the costs of goods and services has remained essentially the same. In 1913 I could have purchased a fine meal - dinner, drinks and dessert - for myself and two friends at a posh 4 star restaurant in Louisville with a one ounce gold coin. Gold at that time was approximately $20/oz. Today I could do the same thing. Gold currently is $930/oz. Gold (real money) has maintained its purchasing power, or value. Our paper currency (fiat currency) has lost its purchasing power. I could go on with various examples, and various opinions of my own. But I won't. Those who already know have no need for me to do that. Those who don't care just wish I would shut the **** up. Those who are curious or interested are already considering how to find additional sources of information. To the last group here are a few: A search for Ed Vieira will turn up some very good information. He is a Constitutional Attorney and has written eloquently on this topic. A simple speech he made at the Rotary Club of New York can be found by searching "Ed Vieira Thrashing the Constitution." It is a simple speech he made but the import of his words are beyond my ability to describe. Another good source is Edward G. Griffin's "The Creature From Jekyl Island." Be well, live free, Uncle Nasty
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