(PROLOGUE: I've been struggling with marketing the ideas contained in my monetary essays to people who have been deprived by the modern "freebie" entitlement culture of their reading comprehension skills and focusing powers necessary to dig into the subject in depth. I've gotten considerable feedback to the effect that it would be helpful to simplify a complex subject as much as humanly possible. With that advice in mind, it seemed best to just jump right in.
It is crucial that all children are raised to understand that monetary names (e.g. dollar, pound, mark, franc, yen, peso, pengo, etc) are IMAGINARY. They are NOT real. In fact, even the very word "money" is, in and of itself, a per se deception because it is an imaginary banker-invented word which, depending on whether it is commodity-based or political-power-based, totally obfuscates the stark life-and-death difference between honest production/labor and criminal theft. Your time, effort and sweat, aka "labor" (your "labor" is your "property") are real. The monetary names you exchange it for are NOT real. So when you exchange something REAL for something UNREAL, you are de facto getting ripped off right at that exact point, at that precise moment in time.
Now, if the SUBSTANCE/MATERIAL the money is made out of is real, in other words, if it has a commensurate amount of human labor inextricably attached to its production — as gold, silver, platinum, copper, nickel, iron, aluminum, or indeed any REAL commodity does — then you are making a fair and fully-informed trade. But if the money you exchange your labor for is imaginary, a political illusion, a deception, a manipulation, the debt-based figment of clever criminals' imaginations of how to most cleverly steal your labor in a manner most people are least likely to notice, you are inevitably going to be cheated out of the true and fair value of your labor by what founding father Roger Sherman called a "fluctuating medium of exchange."
In theory, it would be no problem to store metal ingots in warehouses, and to "create money" by recycling and refining metals. We could still use the convenience of plastic cards, it's just that the numbers of "money" would represent a measured weight and fineness of metal instead of representing the elites' power to use gubmint coercion to tax you and force you into a fraudulent debt. An honest harmonious-to-the-Constitution monetary system IS possible. The elites just don't want you to know that, or think about it. END OF PROLOGUE.)
The American people are being destroyed by a lack of knowledge (see Hosea 4:6) of money, coin, credit, usury, and the nature of currency circulation. This ignorance couldn't have happened without a decades-long multi-pronged propaganda campaign designed to manufacture consent for an inherently evil and inevitably corrupting system which causes the general populace so much suffering. George W. Bush (for you ignorant "lefties" who hate him) and Barack Hussein Obama (for you ignorant "righties" who hate him) are mere pikers compared to fat cats behind the stupendous ripoff which is really going on. NEWFLASH for all intellectually lazy know-it-alls: Economics 101 realities aren't about "left" and "right", so "read 'em and weep!"
Unfortunately, for most people, if they know they can put 75 cents into a soft drink machine and get a can of soda, that's all they think they need to know about money. Nothing could be farther from the truth. The current "financial tsunami" is a direct result of the gross ignorance of the general public. Part of the intent and mission of this website is to correct that ignorace. The beginning of understanding the truth about what America's Founders thought about the subject of money is to understand the history behind what I like to call "The Big Lie". Some of the following paragraphs come from that longer, more comprehensive essay.
Money is supposed to function as a lubricant for barter. Person A has apples and wants to exchange them for wheat. Person B has wheat and wants to exchange it for shoes. Person C has shoes and wants to exchange them for apples. To facilitate the necessary exchanges of commodities in society, it is very desirable that there be some universally acceptable commodity/ies for which all three persons, A, B, and C, can exchange the products of their labor in order to obtain, or “buy,” what they need.
Traditionally, gold, silver, copper, iron, even fish hooks, furs, shells, and tobacco, have served as the mediums of exchange called “money. “ In order to have an honest and workable economy,” it is necessary for the mediums of exchange to actually BE products/commodities with a commensurate amount of human effort inextricably attached to their production. What justice would there be is a man could be forced to do a month’s hard work in the fields and vineyards in exchange for a leaf, a pebble, or a small scrap of paper?
The starting point for misunderstanding money was the invention of special names for the units of monetary measure. As Count Destutt de Tracy recognized, monetary misunderstanding would be much less likely if coins simply bore the specific weight and fineness of the metals they contained. This concept is used on cans and boxes of food, so why not money? The term “dollar” is analogous to the term “gallon” or the term “pound.” We don’t go to the grocery store to buy gallons and pounds, which are but useless words without reference to the actual substance being measured. We buy gallons OF MILK and pounds OF POTATOES. So the question arises: we wish to obtain gallons of milk and pounds of potatoes in exchange for dollars OF WHAT?
Any productive person can, in a lifetime, produce vastly more than will be needed in retirement. A gallon of milk earned in youth is a gallon of milk in retirement. A pound of potatoes earned in youth is a pound of potatoes in retirement. A house built in youth is a house for shelter in retirement. So it would be with any honest unit of measure and any honest medium of exchange. There is no morally legitimate reason why a “dollar" earned in youth is not the same dollar in retirement.
“Parity” is the word used for expressing the price of one commodity in terms of another. Parities will always be in a state of change in nature and in a free enterprise system (which we profess to have, but do not have). In a year of plenty for apples and scarcity for wheat, it might take four bushels of apples to trade for one bushel of wheat In a year of scarcity for apples and plenty for wheat, it might take four bushels of wheat to trade for one bushel of apples. And so it goes. In an honest economy (which we do not have), individuals are always free to channel the direction and extent of their efforts into producing whatever commodities they believe will best reward their efforts and meet their needs.
We see “inflation” as a gallon of milk “costing” more “dollars” at the supermarket this month than it did last month. What has actually happened is that the parity between milk and money changed. The more money that is created, the more its parity with all other products in the marketplace changes. The more money there is, the more its exchange “value” (aka purchasing power) depreciates. To see through the paper money fraud, it is necessary to understand that a gallon of milk is what it is, it does for your life what it does, and it is totally irrelevant to clear vision on the point whether it takes one copper penny or a wheelbarrow full of trillion dollar” paper notes to affect a voluntary exchange for that gallon of milk.
When asked whether the Russians would adopt a gold-backed currency to get their economy back on track, a Rand Corporation think tanker recently answered: “they wouldn’t want to adopt a 19th century position.” The statement implies that honest money (i.e. gold, silver, etc., or indeed any real commodity) is somehow a prehistoric dinosaur of an idea, and that we are inevitably headed into a space-age high-tech cashless society. See also Star Trek IV. The truth is, the Founders knew all about money, credit, and public debt fraud. They had dealt with shaved coins, paper money, credit! debt, interest/usery and bonded indebtedness long before coming to America. They were very experienced in having their economic rights and life blood drained from them by parasite/predators. They drafted the US Constitution with the specific intent of preventing that sort of "legal” thievery in America. Unfortunately, the U.S. Supreme Court has provably engaged in an ongoing revisionist history lie regarding the intent of the Founders.
The situation is incredibly complex. (If it were easy to see, the citizenry would be marching on Washington D.C. with pitchforks and baseball bats, and the Lex Luthors would be hanging from the nearest trees!) Illuminating all the various wannbe-clever deceptions involved requires the connecting of so many "dots" that it would have been all but impossible prior to computers and the internet. Computer technology and hyperlinking has changed all that. That's why I decided to attack the problem with a series of related essays which, in honor of revolutionary firebrand, Thomas Paine, and his works titled "Common Sense" and "The Age Of Reason", I decided to call "Common Sense".
I consider the following videos to be essential in understanding the monetary issue as well as necessary to teach it to others so they can help restore and enforce the U.S. Constitution in America.
Money As Debt - by Canadian artist, Paul Grignon - YouTube video
Money As Debt 2 - by Canadian artist, Paul Grignon
How To Take Our Country Back I - Strategy - YouTube video
For your convenience, I transcribed Dr. Vieira's anecdote about how law is taught, and linked a PDF file HERE.
JEFF DICKSTEIN (lawyer): (at about 5:25 into vid) “All a lawyer means is that you paid a lot of money to a university to be brainwashed that the judges decide what the law is. When I was in law school, we never read the Constitution. We read decisions of judges telling us what the Constitution meant.” (at about 6:00 into vid) "Well, there is no [U.S.] Constitution anymore. It's just an idle word. It doesn't exist. It's been flushed down the toilet. It doesn't exist. There's no 1st Amendment. There's no 2nd Amendment. There's no 4th Amendment. There's no 5th Amendment. There's no 6th Amendment. It just doesn't exist."