Monday, August 31, 2009
1. Who makes our money.
The paper notes...
"The establishment of the Bureau of Engraving and Printing can be traced as far back as August 29, 1862, to a single room in the basement of the main Treasury building where two men and four women separated and sealed by hand $1 and $2 United States Notes which had been printed by private bank note companies."
Not the FED's money...All that happened in 1913 was the standardization of the commercial Banknotes in circulation...prior to 1900 there were 1600 different banknotes in circulation in the USA.
The private banknotes the commercial banks have been issuing for easily over 600 years now...the further into the future...the greater their ability to issue and account for banknotes became...up to the point now where most of the supply has been digitized and is mostly just electromagnetic polarity differentials on hard disk platters.
Coins are from the US mint...
They are the actual United States Government issued money.
In 1792 Coinage act the Government "fiat" or decree defined a US Dollar as...
"DOLLARS or UNITS – each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver."
The Rothchild/Bank of England controlled the Global Gold trade/supply...And their plan was to put the world on a "Gold standard" and eliminate the silver or bimetalic standard that the rest of the world was on...
Why...simple...To take over control of the global monetary system.
The City of London backed the Gold republicans headed by William McKinley, Jr. to get the USA on the "Gold standard"
In 1900 the new government fiat or decree...the Gold standard act defined the US Dollar as...
"the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine ... shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity."
Fast forward to the United States $1 Coin Act of 1997
"The Sacagawea dollar, along with the Presidential Dollar series, is one of the two current United States dollar coins. This coin was first minted by the United States Mint in 2000 and depicts the Shoshone woman Sacagawea, a member of the Lewis and Clark Expedition, carrying her son Jean Baptiste Charbonneau. Artist Glenna Goodacre used a 22-year-old Shoshone woman named Randy'L He-dow Teton as the model for the young Sacagawea The 2000-2008 reverse side was designed by Thomas D. Rogers."
It's decreed to be
8.100 g (0.26 troy oz)
Diameter 26.5 mm (1.04 in)
Thickness 2.00 mm (0.079 in)
Composition Copper with manganese brass cladding:
Because a small group of men calling themselves "We the people" way back in 1783 gave a thing they created out of thin air called Congress the above power...to coin money.
and regulate the value...really...
All money issued by the US Government for its entire history...has been fiat or by decree.
The Government says...money is this...period end of story.
Banknotes...are not money...but they can be used like money since they are supposed to be backed by money.
Like carrying around a few 1000 dollar coins can be a problem...but 20 100 dollar banknotes can be put in a pocket.
2. How money comes into existence.
All the "money" currently in existence came into existence by decree or fiat.
The required amount of power was acquired and money was decreed into existence.
Those at the top of the hierarchial power amassing pyramid decree what is money.
An example is the 1792 Coinage act where the US Dollar or uint was decreed into existence.
Coins...The US Treasury has an obligation to satisfy the public demand for coins.
So whenever demand for coins in the USA increases...The Treasury must increase the supply of coinage.
What about the paper money or the credit system?
Credit is not money...It's backed by money...So ultimately it can be used like money and is considered money.
A consumer requests a commercial bank directly or indirectly to create credit.
To buy a house or when using a credit card.
In 1944 the total credit supply or total credit market debt or the money supply of the USA was around 355 billion Dollars
From then till now or 65 years...US consumers have requested the commercial banking network within the USA to issue 52.5 Trillion Dollars of new credit which is all debt.
Basically attaching about 7.8% interest/year to the 355 BillionDollars caused it to inflate into the 52.9 Trillion Dollars that currently exists
Of course the Federal Government of the USA has issued 11.68 trillion Dollars of bonds called treasuries and "borrowed" 11.28 Trillion Dollars of the 52.5 Trillion Dollars that US Consumers have requested the commercial banking network within the USA to issue over the past 65 years.
When the FEDERAL Reserve Buys treasuries...this is just a temporary operation...All the treasuries are eventually sold into the bond markets.
I'm sorry folks but the vast majority of the debt was created by all of you...Existing within the global system...because the exact same credit system is in operation in every country on Earth.
The total money supply which is credit or debt is roughly 2.5 times the GDP of a country.
Credit or what is used as money comes into existence by all of you requesting it to be issued by commercial banks.
Like you have a job...and work for a week...and demand to be paid...becuase you have things to buy and bills to pay.
The money has to come from somewhere.
If the money you all demand every second of existence to pay for every second of existence does not exist...It has to be manufactured or you will all rapidly cease to exist.
There is demand for money...and supply.
You all demand money...The commercial banking system satisfies those demands.
The commercial banking system as you see it today is around 600 years old...It's an innovation.
It was a solution to a problem...The problem of how to satisfy the demand for money...food...POWER by the population when the supply of money ran out.
A SOLUTION THE "OWNERS" OF THE MONEY SUPPLY DREAMED UP AND IMPLEMENTED CENTURIES AGO.
Posted by Cheryl-Lynné at 12:24 PM