On the morning of November 14, “federal” “officials” (look up the meaning of both words, read the constitution, and you’ll see sad irony in these words) raided a company that produced “private voluntary barter currency” known as the Liberty Dollar.
Now many people have already said something like “well, good; only our government should make money.”
Unfortunately, our government doesn’t have anything to do with our money.
Yes, I know. Everything our government does is for a Darned Good Reason. To think otherwise is unpatriotic and probably even terrorism.
So, I’ll just lay out what I know to be fact, and we’ll see if we can find the DGR.
Since 1913, USA money and our federal fiscal policy has been created and directed by a private, most-definitely-for-profit central bank; not by the US Congress.
If you’ve read The Constitution of the United States, you know that only the U.S. Congress is authorized “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.”
Congress still makes coins. But all paper currency, and the value of both coins and paper, as well as the policies by which all money works in this country, is in the hands of private business.
It is in fact, the only private business I am aware of anywhere in the world, that operates completely free of regulation.
Now, anybody who knows anything about me knows that I’m 100% Free Market right down to the subatomic level. I know that whatever our government touches turns to blood, and I know very well that politicians:
a. Lie
b. Have guns and bombs
So the less politicians do, the better I like it. And my few quibbles with the Constitution for the United States are where the founders stuck their nose too far into free market domains.
However, through all of recorded history there’s been a deeply spooky problem with the control of money. And I believe that spookiness, which has mostly been a shadowy, behind-the-curtain form, is about to emerge as the ruthless puppet master of global domination; and I think that is a very bad thing.
Let me explain.
Money, at its best, has no intrinsic value. It is an instrument of value exchange. If everybody agrees to use it for the exchange of goods and services, then it doesn’t matter whether your money is a scrap of paper (backed by nothing), a seashell, a coin or even a carved stick. All the preceding things have been used effectively as money.
In fact if money becomes a hoardable commodity, you have problems. Gold is rare and relatively easy to control if you’re politically connected/very rich. If the money supply, whatever its form, is controlled for the wrong reasons, severe oppression (like serfdom/slavery) ensues.
Here’s where things get ugly, because it involves greed, ignorance, sloth and all those other failings we typically group into that curse, “human.”
Our banks operate on the principle of “fractional reserve banking,” which means that they can act like they have far more money than they actually have. This allows them to loan out the same dollar many times, charging interest along the way, in order to make far more money in profit than could otherwise be the case. Obviously, a “run” on the bank would be bad, since the whole scheme is based upon a lie.
But theoretically, without serious runs on the banks, it could all work out; sort of.
New money is created by this inherently inflationary process of loaning out more money than actually exists (by the Federal Reserve), and its supposed to be destroyed when debts are paid. (don’t ask where all the Ft. Knox gold went, or what income tax actually pays for, unless you want to get mad)
Suffice it to say that our Federal Reserve Note dollars are debt instruments that operate as the medium of fractional reserve banking. If the money supply is kept in reasonable correlation to our transactions, then the magic works to a degree.
Ahhhh, but the private bankers of the central banks (global, not just USA; in fact there was initially far more control from Europe than from the USA) are the ones who get paid interest on every single loan; both to bank customers and to subsidiary banks as well.
These bankers, who’re never audited by anybody and are in fact mostly unknown, by the way, make most of their money from federal debts. The more our government spends, the more money they make.
Wars are of course the biggest money makers, since, as James Madison pointed out: “War is the parent of armies; from these proceed debts and taxes; and armies and debts and taxes are the known instruments for bringing the many under the domination of the few. No nation can preserve its freedom in the midst of continual warfare. …In war, the public treasuries are to be unlocked; and it is the executive hand which is to dispense them.”
As of now, the undeclared wars in Iraq and Afghanistan have racked up about $5500 in debt for every man, woman and child in the USA. You are going to have to pay this in addition to all the other stuff (like the Ponzi schemes of Medicare/Medicaid and Social Security) ratcheting up the “national debt.”
And I think it’s grimly ironic that now, with all the litigating, ballyhooing and campaigning against “big business,” “special interest” groups and “monopolistic business practices,” the most dangerous industry of all, banking (which Thomas Jefferson said was more dangerous than standing armies), is completely unregulated, monitored or even recognized.
It’s like we’re crying about ants in our cupboard as wolves are crashing through the window.
War profiteering is a terrible thing, of course. But war profits are, for those who can get them, a Darned Good Reason to do something.
And war profiteers are the guys who run our money supply, and therefore our economy. These are also the guys who fund our government.
And when I say “our government,” I do not any longer refer to what happens in Washington, D.C. You can still vote for, or better yet, against, those guys.
No, I’m actually talking about the global government long coming, and which the bankers have so feverishly devoted themselves over the last hundred years. You have no vote in the UN, and you don’t even know what’s happening in the World Bank and other central banks. You have no say at all in what’s coming …if you play by their rules and behave like a good serf.
Well, now you can’t say I didn’t warn you.
The good news is that for the first time in at least a half century, there’s an easy way to fix this: vote for Ron Paul. The bad news is that if he doesn’t win, then things will get a lot harder…