Of all the mysterious things in life, the one thing which few know anything about, it is “Money.” We use ’money’ every day. We buy things with ’money,’ sell things for ’money,’ and invest our ’money’ in things that are supposed to increase the amount of ’money’ in our accounts. Yet, no one really knows what ’money’ is, other than pieces of paper with fancy engravings on them, which we use constantly. Ask a banker what ’money’ is, and you’ll get a blank stare, other than ’money’ is what he deals with, loans, and accepts deposits of for his customers.
The dictionary lists nine different definitions of ’money,’ but they all boil down to things used to buy, save, earn, invest, lose, and sell. The first definition is of gold, silver, nickel, and the like, and later on, it lists government issued ’paper money.’ ’Money’ then, is supposed to have value. If it has no value, why would it be acceptable as an exchange for tangible things of value? Why would someone exchange a valueless thing for something of value? They shouldn’t, but do so millions of times a day, because of laws which are universal in all nations. They are called “legal tender” laws. Legal tender laws force the citizens of every nation in the entire world, to exchange things with no value, for things of actual value. Basically valueless pieces of ’paper money,’ which are backed by nothing, are exchanged for or buy things of actual tangible value, such as gasoline, milk, bricks, or clothing. The governments of the world, long ago betrayed their constituency, by forcing them to use their ’fiat’ money. “Fiat,” meaning, ’by government order.’ A hundred years ago, all the nations in the world issued silver and gold ’money’ which had actual value, and stood by themselves as having value, with no dependence on government laws, backing, force, or instructions.
Politicians around the world, discovered that by promising all sorts of benefits, handouts, and subsidies, plus fighting pointless wars, they could win elections and egotistically occupy those prestigious government ruling body’s edifices, and vote for more wars, benefits, handouts, and subsidies, to remain in those governmental legislative bodies, which carry so much dignity and respect. (The thought makes me ill). It was pretty soon obvious, that these elected officials hadn’t nearly enough ’money’ coming in from taxes of all sorts to pay for these wars, benefits, handouts, and subsidies they had voted for, to keep winning elections. What to do? ’Let’s print the ’money’ to pay for our wars, benefits, handouts, and subsidies, and force everyone to use the paper ’money’ we issue.’ Since the wars were not a popular thing to do, because they cost a lot of ’money,’ and killed a lot of people, the politicians decided to make fighting these wars a patriotic thing to do, and the fighters were told that they were ’fighting for their country,’ in lands tens of thousands of miles away, which posed no threat of any kind. It worked.
The more they spent for benefits, handouts, and subsidies, plus the many wars they instigated, it became necessary to print ever more legal tender ’money,’ with which to pay the bills and stay in office. The politicians thought of lots of ways to tax he populace, which were not noticeable to most, if not all the citizens. Taxes were levied on telephones, electricity, travel, gas, and gasoline. Taxes were placed on real estate transfers, inheritance, profits, and gains of all sorts. When they could tax no more because of a fear of revolt, the printing presses went into overtime. When the currencies flew off the presses and were absorbed in to the various economies throughout the world, there was an increased amount of these ’monies’ chasing a limited amount of tangible, valuable items to buy. This was called ’inflation,’ and it resulted in prices of tangible things to go up in prices of these currencies.
Most governments, rather than accepting blame for the inflation they caused, usually blamed ’selfish businessmen,’ or ’greedy manufacturers,’ for prices in un-backed currencies going up as the printing press currencies found their way into the various economies. Governments, and the politicians who ran them and voted for all the reckless spending, naturally didn’t want to take the blame, so they concocted false figures about the inflation rates so they wouldn’t look bad. These fake figures gypped Social Security recipients and other ’cost of living’ dependents, but no one seemed to notice. It also became politically correct to blame rich people and tax them heavily, so they might ’pay their fair share,’ as is a common expression today, even though it is absurd.
It also became common, at least in America, to subsidize transferring of manufacturing overseas, so the necessary things for living could be made by cheap foreign labor, thereby saving the consumer ’money.’ The politicians never thought or realized, that by sending manufacturing overseas, they fostered a lot of unemployment, and those not working or being unable to find a job, couldn’t buy the foreign made products. When the politicians turned on the presses, there was another sort of problem. They couldn’t print the money unless they pulled off a bit of a sham, and they had to sell the debt created by printing the ’money,’ to balance the fraudulent ’books.’ The most likely buyers of this debt, were the nations that had the cheapest labor and could therefore sell things the cheapest. China is the current owner of much of this debt, and it is in the trillions of dollars. China’s exports to the US have shrunk because of the joblessness, and they are stuck with well over $1.5 trillion of the debt created by the printing press ’money,’ plus they have a trillion actual printing press paper dollars in their safes. They are very uneasy about this situation, and have slowed their buying of US debt created by the politicians. I have narrowed this down to America’s problems and politicians, because our situation is far worse than other nation’s economic plights.
The politicians then, who spent far more than they took in for wars, benefits, handouts, and subsidies, created a nightmare for the people who voted for them. The nightmare consists of pointless, death dealing wars, overseas manufacturing, extreme unemployment increasing at 600,000 a week, increasingly worthless ’money,’ and finally, a great depression. It has all been caused by elected officials spending far more than was received in taxes from all sectors, be it income, profits, deaths, or lots of other sources. They then began printing ’money’ which is backed by nothing, and selling the created debt to people who thought that buying American debt was profitable, even though it isn’t. The allure of cheap merchandise from overseas, seemed to take the bite out of politician caused inflation, but at the same time created great unemployment, lost factories and manufacturing capability. By printing all this ’money,’ the prices of real estate rocketed, thanks to politically created bureaucracies such as Fanny Mae and Freddie Mac, which at the urging of politicians, loaned ’money’ to borrowers who were unworthy, as a part of the politicians’ desires to give benefits, handouts, and subsidies to all voters who requested them and voted ’correctly’ upon receiving them.
It has all come home to roost, to use a farmer’s expression. All the depression, inflation, overseas manufacturing, unemployment, and civil unrest, must be laid at the feet of just 435 politicians and one President, who signed all these bills into law. It’s not my fault, rich people’s fault, poor people’s fault, manufacturer’s fault, railroad’s fault, retailer’s fault, wholesaler’s fault, trucker’s fault, oil company’s fault, or anyone’s fault, but those 435 plus one. They have changed the true definition of ’money’ from something of actual value, such as gold and silver, to un-backed, valueless paper scrip, which they force us to use via legal tender laws. The result of decades of this abuse of the word ’money,’ has resulted in 99% of Americans and the world as a whole, not knowing what real money is. People today, do not understand that real money is, and always has been, things of actual value, which are in no way dependent on governments to create their value. People call us and say “I don’t know anything about gold. Will you explain it to me?” We gladly do, of course.
Politicians in America, be they Republicans or Democrats, in 99% of cases, have all voted for wars, benefits, handouts, and subsidies. These votes, and subsequent results of these votes, have given us an America hopelessly in debt, having no net worth, huge unemployment, thousands of foreclosed houses, stores, and malls, and a huge underclass which is prone to violence and sloth. A nation unable to make what it uses, and with hyper-inflation just around the corner. America has overwhelmingly voted for a non-citizen as President, who is marching us off into a socialistic, communistic, totally government controlled nation, and it doesn’t make me happy. Protect yourself, arm yourself, and get out of debt and big cities, is my opinion. The big cities will be rife with violence and riots from the great unwashed, welfare receiving set who inhabit them…in my opinion.