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The Color of Money

During another national campaign, we are exposed to issues and slogans that miss the mark. The question of impending war does not affect most citizens - they won't be doing the fighting. The issue of unchecked immigration does not concern most voters - they live in safe neighborhoods. And the loss of individual Liberties does not concern most people - they never understood the nature of their own rights. So what question of public policy will have the appeal that the average voter can focus upon and raise their attention level?

How about the subject of money? No we don't mean the current condition of the economy or even the purchasing value of the currency. The essential predicament that the politicians want you to avoid is that of ownership! Is your own money your own? This simple question appeals for an examination into the character of private property and the role of government. How you answer will greatly determine your attitude toward freedom for yourself and that of the society that seeks to limit your individual choices.

In the end, money has the function of providing the means to achieve personal selections of wants and needs. The key is personal, relying upon effective empowerment to decide. Money only provides for options. While the lack of resources can be a determent to your well being, claims upon your capital in the name of society can be deadly. Most people don't give a second thought to the puissance that government executes over your wealth when they assess tribute for you to pay. Taxes are inevitable, RIGHT? But that reality evades the basic relationship.

How is it conceivable that the fruits of your labor, ingenuity or risk taking requires a silent partner that demands a share from what you earn or create?  Arguments that all citizens have responsibilities for contributing to society, dodge the inherent relationship. A moral obligation to pay as you go for what you use is appropriate and reasonable. Paying a fee for a useful function is simple good business. However, when the intrinsic province of ownership is denied - as is the case with all coercive taxation, the subservience of the person under the State is guaranteed. This distortion of natural relationships is at the heart of the political hoax that continues unabated.

The answer to our question is an resounding YES - your money is your own property - PERIOD. But that truism of human dignity is rejected by the government culture, and sadly ignored by most citizens. The reason that servitude is ubiquitous, clearly rests upon ceding your own rights and the willing forfeiture of your own wealth. It is not the penalties of refusal to pay that keeps people in bondage, but it is silent resignation that allows for the theft of your money that fuels the tyrant that calls itself government.

Why do you resolutely denigrate yourselves with your tacit compliance to a fraud? If you deny that your money is your own, you must also acknowledge that you are NOT the underlying source of authority that confers legitimacy upon properly constructed and limited government.

Is it that much of a stretch or is anyone really surprised that the public is so eager to transfer their own responsibilities to an abstract entity called society - ruled under the auspices of arrogant government lackeys? Citizens no longer have a trace of independent reasoning or self respect left. They have evolved into cheerleaders for the State, because they are unwilling to confront the basic nature of their own authority. With the abdication of control over their own money, they degenerated into demanding parasites asking for permission to have a share of their own wealth returned back to them.

It is indisputable that government never creates wealth. They can't even print their own money, anymore. With the origin of the Federal Reserve System the ultimate insult has the taxpayer furnishing interest on the bogus debt created currency. They are then assessed even higher taxes, while inflation creeps and steals its way into devouring the value of your money. But for those who deny that their money is their own - why should they care?

As with most issues the determining factor is developing the correct attitude. What can be more relevant than to achieve the proper understanding that universal natural rights require that your money is private property? Defending it is your best assurance that you will be able to survive and be a free citizen. If you cannot respect your ownership to your own money you are no better off than a beggar holding a tin cup. Americans are a shell of past generations. No wonder the enemy of the people has become the government. Your silent partner now has the time and money to extort other nations, since resistance has gone still. Money can buy most things, but it cannot purchase Liberty. Its time to change the color on the currency to yellow . . . a befitting symbol of the substance for most voters. The politicians offer but one choice, up the sum you need to pay them.

SARTRE

Money is whatever serves as the "medium of exchange." That is, as the quotation from Adam Smith says, money is a commodity or token that everyone will accept in exchange for the things they have to sell. Different societies may have different monies . . .

[Most Recent USD from www.kitco.com]

MONEY:
A General Definition
 
Money is any asset which gains general acceptability in performing the "functions of money".
 
Functions of money
 
Medium of exchange
Avoids the inefficiency of barter
Unit of account
Simplifies the expression of an item's value
Store of value Advantage is "liquidity"
Disadvantages are low rate of return and loss of real value when the price level rises

Working Paper No. 252 Modern Money by L. Randall Wray The Jerome Levy Economics Institute

Money and Morality by Joseph Sobran

The Case for Free Banking: Then and Now by G. A. Selgin

The Value of Money by Nell Ingalls

Questions & Answer Summary About Money, Public Policy and Informational Issues by Lawrence Parks

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The three most important things a man has are briefly, his private parts, his money, and his religious opinions.
Samuel Butler

MONEY STANDARD

During the 19th century almost all countries adopted the gold standard. It served as a worldwide standard of value. This function was assumed by gold as a result of its attributes of portability, durability, divisibility, general desirability, stability in value, and high value in small bulk. We'll see later on that some of these features also have to be kept in mind when designing a digital money system.

The choice of the money system is an act of government by legislation or decree. In the system there is a standard money and a unit of account; all other moneys are multiples or subsidiaries of the standard unit. Provision is made for converting any type of money into any other. Coinage has become a state monopoly, and government further controls the money supply directly by legal-tender laws that define the moneys which a creditor must accept when offered by a debtor in settlement of a debt.

It should be clear that the actual circulating media of exchange, e.g., paper money and checks, need not themselves be the standard of value, but they must be expressed in terms of the standard of value in the unit of account, whatever the government may define that to be.

Gasoline Prices

If money be not they servant, it will be thy master.
The covetous man cannot so properly be said to possess wealth,
as that may be said to possess him.
 
Francis Bacon

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