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    Default Money Madness?

    MONEY MADNESS
    =\=\=\=\=
    Money madness is the indoctrinated belief that money tokens have intrinsic value independent of the marketplace of goods and services.

    To illustrate the disconnect between reality and the abstraction of money tokens:

    http://www.federalreserve.gov/faqs/currency_12773.htm
    ● Q: How much U.S. currency is in circulation?
    ● A: There was approximately $1.4 trillion in circulation as of February 18, 2016, of which $1.38 trillion was in Federal Reserve notes.

    https://en.wikipedia.org/wiki/Financ..._United_States
    ● ". . . The financial position of the United States includes assets of at least $269.6 trillion and debts of $145.8 trillion to produce a net worth of at least $123.8 trillion."

    http://www.spaceanswers.com/news/the...asteroid-belt/
    ● NASA has estimated the mineral wealth of the entire Asteroid Belt could be as much as $700 quintillion, or a seven followed by 20 zero. That’s $100 billion for every one of the 7 billion people on Earth!

    =\=\=\=
    How can you believe measurements that exceed the known total of circulating monies?
    $1.38 T in circulation versus $145.8 T in debt versus 123.8 T “net worth.”
    Isn’t that INSANE?

    $1.38 T in circulation versus $700 quintillion estimated “dollar value.”
    Are we not mad?

    What’s really reality: the actual sum of property, goods and services - or - an arbitrary value and sum of money tokens ?
    =\=\=\=

    If Amancio Ortega, Carlos Slim Helu, Warren Buffet, Bill Gates, and a consortium of other billionaires walked into the offices of the largest bank on the planet, and asked for a loan of 20 trillion dollar bills with which to fund mining asteroids worth 300 times that value and were more than willing to pay 15% interest, the bank would have to decline.
    WHY?

    The.Money.Does.Not.Exist.

    NOTE: If you believe that the remedy is a return to a "Gold standard," it isn't.

    Pursuant to the Coinage Act of 1792, coining all the world's gold bullion (est. 5.6 billion ounces), comes to roughly 112 billion dollars (gold). {Silver was demonetized in the Coinage Act of 1873, so we can't count it.}

    Yet, the national debt is over 19 trillion DOLLARS !

    Government has no power to create money.

    Pursuant to the CONstitution, CONgress has a delegated power to COIN MONEY (stamp bullion) and to BORROW MONEY.
    If CONgress had the power to create money, it would not need to borrow it.
    (Art. 1, Sec. 8, Sec. 10, USCON)

    CONgress cannot "create bullion" hence it cannot "create money." Neither can the Federal Reserve Corporation. (Federal Reserve Notes are debt - IOUs - that were repudiated in 1933 - hence worthless)

    What did CONgress borrow to rack up owing 159 times the amount of gold in existence?

    If government has no power to create money, nor give such a power to someone else, who DOES have the inherent power to create a medium of exchange to facilitate trade when barter is insufficient?

    Obviously, the money mad people don't.
    The secret of life is that there is no secret of life.

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    Default Re: Money Madness?

    One of the side effects of widespread money madness is the belief that a lack of money is why we're not prosperous.

    Prosperity is NOT based on money.

    Proof?

    Tell me who is the prosperous person:
    Mr A : who has a mountain of money tokens, but nothing to buy with them
    -or-
    Mr B : who has produced a prodigious surplus of usable goods and services, which he trades with others.
    Obviously, Mr B is the prosperous man (in reality). But to those who are “money mad,” the fortune in tokens is more desirable, whether or not they’re of any use.

    The masters of money madness rely on our indoctrinated madness to desire money in order to trade, because all other avenues have been cut off, by law or custom. We’re trained to ‘need money’ in order to survive, and that means the money masters rule us, by virtue of scarce money. Governments support the madness by imposing tax burdens only payable in money. Fail to pay - suffer the penalty. D’Oh!

    And even poverty is caused by money - not the lack of money. Consider what would happen if everybody woke up tomorrow, knowing that they had bank balances of 22 billion billion quatloos (a substantial sum!). Everyone is equally wealthy. They would never “need” money ever again. But does that eliminate poverty? Of course not. Without the need for money, why would anyone bother to go work, sweat, toil, farm, mine, fabricate, transport and trade? With nothing to buy, all that money is worthless, useless, and meaningless.

    In reality, survival would compel us to be productive. But under money madness, we’re blind to reality. The simple fact is that we must be prodigiously productive because that is what civilized people do. All other lifestyles that involve avoiding labor and living a life of indolent consumption are contrary to reason and uncivilized, as well as inequitable - shifting the burden upon others for their support and sustenance.

    Addendum:
    Prosperity is the production, trade and enjoyment of surplus usable goods and services.
    Doing more with less so more can enjoy is superior to doing less with more so few can enjoy.
    The secret of life is that there is no secret of life.

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    Default Remedy for Money Madness

    THE UNDESERVING POOR?

    In “My Fair Lady,” the drunkard father of Eliza Doolittle, explained that he was one of the undeserving poor who had just as much need as the deserving poor. But why couldn’t he work for his daily bread? Ignoring the fact that he was a shiftless bum who didn’t have the constitution for manual labor, he was still in need of support.

    All this talk of “who will support” is a reflection of money madness.

    Under current money madness, there are only three ways to acquire money tokens:
    ● 1. Trade (labor, property)
    ● 2. Charity (private, public)
    ● 3. Predation (crime, extortion, etc)

    The socialists / collectivists / communists argue that when a laborer can’t find work, and has no more property to trade, he’s in dire need when private charity is exhausted. Since crime is not a viable option, enter the remedy of public charity - compulsory charity paid by the donor class.

    However, this remedy ignores the 800 lb gorilla (or jumbo elephant) in the living room.
    Governments (in America) have no power to create money.
    Congress is only authorized to coin money (stamp bullion) or borrow money. If it had the power to create money, why borrow? And if Congress can’t create money (nor bullion), neither can it grant such a power to anyone else.

    So who does have the power to CREATE a medium of exchange to facilitate equitable trade when barter is insufficient?
    When you figure that out, you won’t be fooled by usurers and socialist slavers.

    (Federal Reserve Notes aka "dollar bills" are IOUs (debt) denominated in dollars. They are not dollars. Who are the obligated parties on said notes? see: Title 12 USC Sec. 411)

    In contradiction to the eCONomists' repeated claim that "Inflation is caused by too much money chasing too few goods," we're really suffering a money drought.

    If you ask why there is unmet need, unemployment, closed retailers and closed factories, the general answer is "no one has enough money." Those in need can't buy what they need. The unemployed cannot be hired because employers can't afford to hire them - nor resell their labor. Retailers are closed because of insufficient customers. Factories close because no one can afford to buy what they produce.
    Yet eCONomists repeatedly chant "Inflation is caused by too much money chasing too few goods." Obviously, that is not the case. Bill Gates is not bidding up the price for milk and cookies.

    So who has “all the money?” Or better yet, “Why is there not enough money in circulation so people can be productive and trade?”

    Though most believe that government has the power to make money, that is incorrect. The constitution only grants Congress the power to COIN money (stamp bullion) and BORROW money. If Congress ever had the power to create money, why would it need the power to borrow it? And since it has no power to create money, it can’t give that power to anyone else.

    So who has the power to “make money?”

    To answer that question, let me pose this : what do you use money for?
    For trade. Money is a medium of exchange.

    When people trade things of equivalent value, it’s barter - no money needed. (“I’ll trade you a dozen eggs for your fishhooks...”) But when people trade and one does not immediately receive something of equivalent value, he requires a “value holder” to use in a future trade ... like a money token (coin, etc).

    Guess what also acts as a value holder for future trade?
    PROMISSORY NOTE - A written promise to do or provide something, usually presented as a gift and claimable when or however the recipient chooses. ( A “free” coupon is the same thing)
    In short, any productive person or enterprise can issue private promissory notes, denominated in what they can do, perform, or produce, and use them for trade in their local marketplace. Free people can create their own mediums of exchange to facilitate trade, independent of bankers, governments, and other parasites.

    Of course, there is no usury, no “income tax,” no excise tax (no privilege involved), and no way to inflate or deflate the value of a non-money note. Which is why “the System” is mute on the subject, and hopes that people never, ever consider it as their remedy.

    (You may also have noted the fine print on "free" coupons : "cash value 1/20 of a cent". Curious? Ask government why.)

    To the government, the socialists, the usurers, and the wealthy privileged power brokers, the most scariest way for people to “make jobs” is for them to “make their own money.”

    Then there is no longer the excuse that there is "not enough money" to trade for goods and services. For every good or service offered, there is a corresponding note (coupon) that facilitates trade. The bigger the market, the more "liberty money" is in circulation so no one has to "fight for a bigger share of the market."

    There is no way to inflate, deflate, speculate or otherwise corrupt the value of a private coupon / note. And the promise it contains is an endowed right to contract, not subject to the government, nor taxable. And when productive people and their enterprises exercise that right, they will be exercising a liberty that will truly set them free... free enterprise.

    Liberty money (private notes) will destroy the power of the money masters, and that's why you're not to ever know about it.
    It doesn't matter that liberty money triggers prosperity, because scarce money no longer throttles labor, production and trade.
    It doesn't matter that prodigious production of surplus is essential for private charity for those who are incapacitated or in need.
    It doesn't matter that civilization cannot survive when constrained by predators and parasites, endlessly skimming wealth from their victims.

    All that matters is that they win and you lose.
    (Assuming you're not a predator)
    The secret of life is that there is no secret of life.

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    Default Re: Money Madness?

    EXPORTING JOBS IS SUICIDE
    =\=\=\=
    Though the illusion of "making money" appears to suffice for "service based" economies, as well as playing money games with stocks, insurance, and usury, they are not the foundation of prosperity.

    In fact, if the money system collapsed, those who were "making money" would be ruined - at the least. We won't dwell on the worst.

    Real prosperity is based on production, trade and enjoyment of surplus usable goods and services. Doing more with less so more can enjoy is superior to doing less with more so few can enjoy. No civilization can long endure penalizing the productive for the benefit of the non-productive.

    In short, any civilization that abandons its productive capacity for the allure of "riches" will soon be gone.

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    Default Re: Money Madness?

    In the Money Mad World, Self Sufficiency is Evil
    =\=\=\=\=\=\=\=\=\=\=\=\=\=\=\=
    There is one thing you have to accept about participation in a mad world, it is that sanity won’t fit in.

    Why is self sufficiency evil?
    If one is self sufficient (and generating a surplus to trade), one is not consuming, in the money token based eCONomy.

    Why is that a problem?
    Consider these facts:
    ● GDP (2015) : $17.914 trillion dollar bills (est)
    ● Federal Budget (2015) : $3.8 trillion dollar bills (approx)
    ● Outstanding public debt : $19 trillion dollars (approx)
    ● Outstanding private debt : $145.8 trillion dollar bills (est)
    - - -
    Actual federal reserve notes in circulation: $1.4 trillion (Apr 2016)

    For the government to spend $3.8 trillion dollar bills, requires it to CYCLE over twice the total money in circulation.
    For the eCONomy to trade $17.914 T, requires almost 13 CYCLES of the total money in circulation.
    For every percentage point of interest ($1.45 T), on the outstanding private debt of $145.8 T CYCLES more than the whole money supply.

    Get the picture?

    If people are not spending, buying, selling, borrowing, the SYSTEM COLLAPSES. It cannot tolerate self reliant, independent people, who do not need to spend everything they earn (and borrow). A community that trades surplus amongst itself without resorting to the use of dollar bills is the ENEMY to the current money mad system. A community that is comprised of sovereigns, who absolutely own private property and are not subject to ad valorem taxes, spells doom for the bankrupt socialist democracy.

    It’s no surprise that there is a push to make people ever more dependent upon government, obliged to obey, compelled to accept restrictions on liberty, and especially to be disarmed. Sane people may shoot back at ravaging mad men.
    Last edited by ozmirage; 28th April 2016 at 13:40.
    The secret of life is that there is no secret of life.

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    Default Re: Money Madness?

    MONEY MADNESS

    You’ve heard it many times : “Money is the root of all evil.”

    Some retort, “No, it’s the love of money that is the root of all evil.”

    The root of all evil is not love of money, but money itself, or more precisely, money madness.

    Scoffers object, “But without money the inefficient system of barter remains.”

    No argument there.... well, there is a wee bit of a problem.

    The function of any MEDIUM OF EXCHANGE (i.e., money token) is to pass value to a future trade, when barter is insufficient. The problem lies in the lack of understanding of the function of money as a medium of exchange of real goods and services.

    Money should not be treated as a thing of value, but merely a holder of value, to pass that value to a future trade. If you do not see the difference between passing value and being a thing of value, you may be vulnerable to the greatest con ever perpetrated.

    Let us compare two different ways to pass value.
    (1) A coupon, a note, or a bookkeeping entry can be used to pass value to a future trade.
    (2) A money token can be used to pass value to a future trade.
    The BIG (30 ft letters) difference is that a money token remains AFTER all trades are completed. In the first instance, once you receive value for your tendered note, coupon or data entry, it is EXTINGUISHED, having fulfilled its function to pass value. In the second instance, the money token remains after the end of the trade.

    Therein lies madness.

    . . .
    . . .
    HOLDING VALUE

    The function of money is to pass value to a future trade, when barter is insufficient.
    However, money, itself, cannot have value.
    Most don’t quite understand that concept.
    Let us consider this example.

    A function of a cup is to hold something - a liquid.
    A cup full of vinegar has a value equivalent to the volume of vinegar.
    A cup full of beer has a value equivalent to the volume of beer.
    In passing the value to another, the cup no longer has anything within it of value.
    I repeat, an empty cup has nothing being held within.
    If one believes that the empty cup was “holding value” when empty, isn’t that odd?
    What value? Beer? Vinegar? Water?

    Likewise, insisting that a “holder of value” (money token) must retain intrinsic value once the trade is completed is equally odd.

    Humanity has been indoctrinated to worship the “empty cups” of money as if they were filled all the time. Why else seek them, “save” them, or steal them?

    But once the marketplace is bare, all trades being completed, the money tokens that remain should have NO VALUE HELD WITHIN. If they do, they have not passed value, but retained it.
    So which is it? Held value or passed value? Both? Neither?
    Are you not mad to believe in that?

    The myth that money tokens are a “placeholder” for “all value” underpins the economic pain and suffering we endure. There is no correlation between the whole set of money tokens and the whole set of goods and services available for trade.
    Money is not issued in proportion to the goods and services, nor is the volume of money reduced as the market shrinks. There is no “law of supply and demand” controlling prices. It’s all a gigantic hoax.

    The scarcity of money causes a collapse once the economic size of the marketplace is beyond the scope of the money tokens to facilitate trade. No matter how much unsatisfied demand exists, nor unemployed labor unhired, nor unused factories closed, people refuse to see the truth. If there truly was a law of supply and demand, the unmet demand should enable production and labor to generate goods and services.

    A fraud has been perpetrated. A giant fraud upon humanity has made us money mad.

    That’s how the masters of money rule us. They have us entranced by the illusion of money while they rob us of our liberty, our labor and our property. We won’t work unless paid money. We can’t buy unless we pay money. We can’t pay taxes with anything but money. We can’t live, work, buy, sell, travel, or own unless we pay taxes in money. So we trade, beg, borrow or steal money, and those who control the volume and presumed value of the money token keep us bound to eternal servitude and obedient to madness.

    We’re all desperately seeking money, so we compromise, and embrace evil. All because we can’t see the doctrine of madness imparted by the evil rulers, their allies, and collaborators.

    We have met the enemy and he is us... indoctrinated by the world’s greatest propaganda ministry, and all its instrumentalities and institutions.
    The secret of life is that there is no secret of life.

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    Default Re: Money Madness?

    Quote Posted by ozmirage (here)
    Money madness is the indoctrinated belief that money tokens have intrinsic value independent of the marketplace of goods and services.
    As far as I can tell, only 3 things have intrinsic value: land, labor, and information. Control information, and you'll eventually control all land and labor. That's why the first act of any war is to screw with the communications.
    The only place a perfect right angle ever CAN be, is the mind.

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    Default Re: Money Madness?

    Quote Posted by gord (here)
    Quote Posted by ozmirage (here)
    Money madness is the indoctrinated belief that money tokens have intrinsic value independent of the marketplace of goods and services.
    As far as I can tell, only 3 things have intrinsic value: land, labor, and information. Control information, and you'll eventually control all land and labor. That's why the first act of any war is to screw with the communications.
    You may wish to include LIFE as the paramount thing of intrinsic value.
    Dead things cannot perceive intrinsic value.

    Without life, there is no choice, no morality, nor perception of innate value or principles.

    And that which is absolutely necessary for life : air, water, food, and land, upon which one seeks to survive, cannot be ignored.

    Deny access to any of the aforementioned, and life ceases.

    Thus the things that have intrinsic value first begin with LIFE.
    Followed by all the things that are necessary for that life: air, water, food, shelter, exclusive access to land, etc., etc.
    How one labors to acquire those necessities may also have intrinsic value.
    (Law of the jungle versus the law of love)

    But the fact that no monetary system can maintain proportionality with the dynamic marketplace of goods and services underlies the trickery of money madness, whereby the masterful predators skim vast fortunes from the unsuspecting people.

    As to the idea that information has intrinsic value - perhaps, perhaps not. Slaves who do not know they're slaves won't try to free themselves. That information is of great value to the slavers.
    The secret of life is that there is no secret of life.

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    Default Re: Money Madness?

    Eyew EU

    In light of recent news about BREXIT, it would be useful to point out that the EURO is a complete fraud, not unlike the DOLLAR BILL.

    https://en.wikipedia.org/wiki/Euro
    EURO - the currency and coin of the European Union as well as other European countries.
    As of November 2013, with more than €951 billion in circulation, the euro has the highest combined value of banknotes and coins in circulation in the world, having surpassed the U.S. dollar. (*LOL)
    The euro is used by 334 million Europeans. An additional 210 million people worldwide, use the euro, including 182 million people in Africa

    ===> The national central banks (NCBs) and the European Central Bank (ECB) issue euro banknotes on a joint basis... In practice, the ECB's banknotes are put into circulation by the NCBs, thereby incurring matching liabilities vis-à-vis the ECB. These liabilities carry INTEREST at the main refinancing rate of the ECB. The other 92% of the euro banknotes are issued by the NCBs in proportion to their respective shares in the capital key of the ECB, calculated using national share of European Union population and national share of European Union Gross Domestic Product, equally weighted.

    {Translation from Usurish / EconGibber : the “human resources” of Europe are collateral on the banknotes issued by the Usurers who rule the Union.}

    The usurers endlessly skim goods and services from the working class and from those who have not ascended (descended) into usury.

    If you examine the implementation of the EURO currency, one might infer that the UNION is but a mechanism for the bankers to administer Europe to maximize profit... for the bankers.

    = = = = =
    The EURO is not based on precious metal coin, nor is it commodity money (denominated in goods nor services), nor is it convertible for a fixed amount of any reference item. It is a BANKNOTE (DEBT), borrowed at usury into existence, perpetually indebting those who use it.
    The secret of life is that there is no secret of life.

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    Thumbs up Re: Money Madness?

    Prosperity is not based on wealth nor possessions. Prosperity is the production, equitable trade and enjoyment of surplus usable goods and services. Doing more with less so more can enjoy builds happiness. Doing less with more so few can enjoy breeds misery. As part of one’s moral mathematics one must learn the benefits of productivity and frugality versus the drawbacks of waste and consumption.
    "In every deliberation, we must consider the impact on the seventh generation. even if it requires having skin as thick as the bark of a pine."
    - - - Great Law of the Iroquois
    As our brothers, the Iroquois, remind us, that we should not only work for the benefit of our own self, family, and clan but to consider the needs of the seventh generation to come. Make plans so that there is room for them at the lodge and hearth. Though they may be of a different breed from us, we must not forget that we all share ancestors and descendants.

    A life of indolence, selfish sense gratification, and dissipation does little to advance civilization. Likewise, a life of predation, vandalism, and mindless destruction does little good, if any.

    It is self evident that to be able to give charitably, one must have a surplus. If one gives away his necessities, he is doomed. One cannot be sustained on incremental diminishment. Therefore, only money mad people think that “Sharing the wealth” will end poverty or build prosperity. Wealth is an illusion, money an abstraction, and being constrained by money madness explains much that is wrong with the world. Never deny ownership rights of the individual nor assert that the group is superior to the individual, and should own all things, as a remedy for the insanity of money.

    EVIDENCE OF SANITY

    Uncompensated generous actions without money compensation
    [] Parents caring for children
    [] Children caring for parents
    [] Married couples taking care of each other
    [] Kinfolk caring for kin
    [] Adopting orphans
    [] Religious renunciants serving humanity under a vow of poverty
    [] Communities pooling resources to have ‘barn raisings’ and ‘house raisings’
    [] Charities providing health care, orphanages, hospitals, and homes for the aged
    [] Gardeners sharing surplus with neighbors
    [] Passing on of knowledge and wisdom, without charge
    [] Unselfish people who spend their lives serving others, without remuneration.
    [] Giving away surplus to those who are pitiful and in need
    [] Helping to move furniture for a friend
    [] Community projects that benefit all
    [] "Paying it forward" via service and gifts to others
    [] Unpaid militia volunteers who sacrifice in defending and protecting their homeland from predators and marauders and invaders
    [] "Your ideas here"
    When people who wish to labor, but cannot, because they can’t find “jobs” (remunerated labor), because there’s a shortage of money or the distribution of money is inequitable or that some people will work for less money, you are witnessing the effects of money madness.

    Are there remedies to money madness?
    Yes.
    If people stopped thinking about “earning money” and instead focused on production (labor), equitable trade, and not just enjoyment of surplus usable goods and services, then we may manifest solutions.

    As previously described, private promissory notes can act as a medium of exchange in a community. The exchange and accounting of "obligations" is another way to facilitate equitable trade. (But do not let parasites like governments nor bankers claim the power to create the medium of exchange, or you will enslaved forever.)

    We all have goals and aspirations for ourselves and our children. In the past, we might have embraced money mad goals like wealth and power, or domination over others. Or a life of useless indolence, ever in pursuit of distraction, to ease the boredom. Instead, let us embrace prosperity, prodigious producers of surplus usable goods and services, to equitably trade and enjoy. Let us learn and teach what we learn. That is what civilized people do.

    Let us make choices and decisions based on being the most efficient, frugal, and effective solutions to the mundane needs and necessities of our lives. We need not embrace poverty, especially when money causes poverty. Let us seek to make our lives and lifestyle opulent, luxurious, and glorious. That is a civilization worth building.
    Last edited by ozmirage; 6th July 2016 at 16:55.
    The secret of life is that there is no secret of life.

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    United States Avalon Member ozmirage's Avatar
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    Default Re: Money Madness?

    If money madness didn’t exist - - - would you still believe that
    [] Dirt redistribution would increase crop output?
    [] Making your neighbor hungry will ease your own hunger?
    [] Failure to pay parents will result in them not nurturing their children?
    [] The total productive capacity of humanity would be decreased by the elimination of predators, parasites, and government meddling?
    [] Eliminating crime and the need for crime fighting (or collaborators) would be economically destructive?
    - - - - -
    Only a money - mad people believe that taking money from one to give to another is the remedy for poverty. If money was the cure and not the cause of poverty, the remedy of giving everyone 22 billion billion quatloos (equal wealth), more money than they can ever spend, and thus never need money again - that should eliminate poverty worldwide. But if no one bothers to farm, labor, manufacture, ship and trade, there is nothing for all that money to buy - nor anyone needing to sell for money. All that money is worthless, useless, and meaningless, unless someone first produces surplus usable goods and services for trade - and - needs your money.

    Money madness, indeed!
    The secret of life is that there is no secret of life.

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    United States Avalon Member ozmirage's Avatar
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    Default Re: Money Madness?

    Are You Blinded By Money?
    . . . . . . . . . . . . . .
    • Do you evaluate your life in terms of money?
    • Do you work, play, plan, and worry about how much everything costs, denominated in money?
    • Do you fear how you will survive without money?
    • Are you burdened with obligations to serve others based on what they say you owe to them?

    You may be a victim of money madness and the associated blindness that comes with it.

    BARTER

    Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.
    . . . . . . . . . . . . . . . . . . . .
    . . . . . . . . . . . . . . . . . . . .
    Mr A trades with Mr B
    Who profited?
    And by “how much”?
    {Uh, no one profited. Money wasn’t involved.}

    1000 people barter, 500 trade with 500 others.
    Who profited?
    And by “how much”?
    {Uh, no one profited. Money wasn’t involved.}

    1,000,000 people barter, 500,000 trade with 500,000 others.
    Who profited?
    And by “how much”?
    {Uh, no one profited. Money wasn’t involved.}

    But but but - there was something of great value traded by many people!
    That had to be a huge amount of goods and services.
    How much is all that barter worth in “dollar bills”?
    Incalculable. No “dollar bills” were involved.

    Profit, gain, interest, etc, are all aspects of money madness.

    So what is REALITY?
    The price / value, denominated in “dollar bills” -or- the goods and services traded?
    What was the gross value of all production traded by those millions?
    Remember, the sum and value of money has no correlation with the marketplace.

    There’s no money, so there’s no usury, no interest, no administrative fees, no speculation, no gambling. Without money, there’s no poverty from lack of money. No business has to fight for a greater market share (and thus more money). There’s only prosperity generated by prodigious production of surplus goods and services, equitably traded.

    So why should governments and bankers take a prodigious skim of that production?
    Just because we’re MONEY MAD?
    Blech.
    The secret of life is that there is no secret of life.

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  23. Link to Post #13
    United States Avalon Member ozmirage's Avatar
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    Default Re: Money Madness?

    -:-:-:-:-:-:-:-:-:-:-:-:-:-:-
    THE MYSTERY OF MONEY MADNESS
    >>>>|||<<<<
    ...
    “Friends will get you through times of no money, better than money will get you through times of no friends.”
    ...
    Awakening to the realization that civilization is money mad, can be disquieting. Once one realizes that all the indoctrination and propaganda has imparted an illusion, and one’s behavior has been altered by such insanity, there is a chance of recovery.

    Most people think they know what money is and does, but actually are inarticulate and functionally illiterate on the subject.

    Money is not real. It is an abstraction for the reality in the marketplace. It is a medium of exchange to facilitate trade, as well as a convenient accounting tool to evaluate different goods and services. The illusion that money has value or that it must have intrinsic value has dogged humanity for centuries if not millennia.

    Money really doesn’t have value. It passes value to a future transaction. When barter is insufficient, one party trades a value holder in exchange. That value holder is then used at another trade, thus completing the equitable trade.

    The problem arises when the money token remains after the completion of all the trading. When all trades are completed, what value can the money token hold? If we accept that money has a value INDEPENDENT of the marketplace, then we are ***** crazy. Crazy like a millionaire gloating over his riches, trapped on a deserted island, with nothing to buy. When the marketplace is bare, money has no “value.” Yet people still embrace the idea that “good money” should be made of precious metal, and thus have “intrinsic value.”

    This insanity is also why people think they can “Save money.” Since the function of money is to facilitate trade, what happens if everyone “saves their money?” The marketplace breaks down for lack of circulating medium. When people “save money in a bank,” they are actually contracting with usurers to put that money back into circulation, facilitating trade, and taking a cut via usury.

    Usury, the abomination, is a scam to steal property, condemned for “only” 3500 years, denounced by all religions (that I checked), and mathematically unsustainable in a finite money token system. This is due to the exponential equation used to calculate compound interest. It requires an infinite money token supply - which is impossible. Thus a portion of debtors shall default and lose their collateral simply because there never can be enough money for all to repay their debts.

    Usury relies on money madness. Only when money is scarce and in demand, can usurers get rich extending credit at usury. They hate it when there is free and unlimited coinage, such as when they demonetized silver in the Coinage Act of 1873. (It was “their” Congress, wasn’t it? The people certainly wanted free and unlimited coinage of silver. See “Cross of Gold” speech by William Jennings Bryan.)

    Another aspect of lunacy is the common practice of evaluating everything in relation to the current medium of exchange. To illustrate, one can find estimates of value of asteroids reaching into the trillions and quadrillions of “dollar bills.” In addition, there are sober estimates of the “net worth” of the USA exceeding 90 trillion “dollar bills.”
    What’s wrong with using current money as a measurement of worth?
    The tokens do not exist.

    If we were dealing strictly in dollars (gold coin), pursuant to the Coinage Act of 1792, the 147.4 million ounces in Ft. Knox depository, if coined, would amount to 2,948,000,000 dollars. (Almost 3 billion dollars) Or if we somehow could coin all the gold bullion (est. at 5.6 billion ounces), it would compute to 112 billion dollars.

    If we were dealing in “dollar bills” (notes), which are debt, the sum cannot exceed the current national debt (in excess of 19 trillions, Oct 2016). (See: Title 12 USC sec. 411)

    How can a sane person make a measurement with a unit that does not exist? It’s like climbing a stepladder to heaven.

    You cannot go into a local bank and say, “Mr. Banker, I wish to borrow 30 trillions to use in harvesting asteroids worth 300 trillions, and will gladly pay 19% interest rate to do so!”

    The. Money. Tokens. Do. Not. Exist.

    Recapping : money madness has kept humanity utterly confused and enslaved to those who control the volume and value of the medium of exchange. Prosperity is impaired because the mad men can’t seem to figure out how to operate without passing money tokens back and forth.

    Only insane people would meekly accept an aggregate tax rate of 44%. If every one had to directly labor 44% of the time for the government, it would spark a revolt - especially when the “slaves” have to pay their own room and board. But hide that obligation via money and suddenly it is acceptable.

    And even socialism is predicated on the belief in money madness. For under madness, there are only three ways to acquire money tokens :
    1. TRADE (labor or property),
    2. CHARITY (private or public), and
    3. PREDATION (theft, extortion, and other taking).

    When an enterprise automates a process, reducing labor needed, the unneeded workers either have to rely on charity or crime to acquire the necessary money tokens. That is how lucre lunacy converts a good thing (doing more with less so more can enjoy) into a bad thing (fewer laborers mean fewer customers with money). And thus the collectivists can justify their thievery (wealth redistribution) by saying “it’s for the pitiful and needy!”

    However, redistributing the money tokens does not build prosperity. In fact, wealth redistribution does not eliminate poverty, especially since poverty is the result of money madness. If money really was the cure for poverty, let us end poverty.

    Let’s give everyone 22 billion billion quatloos - more than they could ever spend in a lifetime - and then step back and watch. In short order, civilization would collapse if no one bothers to farm, harvest, labor, mine, produce, trade, transport, serve and sell to others. Remember, everyone has more money than they ever can need, but without anything to buy, that money is useless, worthless, and meaningless.

    The world’s economic system is entrapped by the twin evils of money madness and usury (the abomination). Ironically, moneyless "primitive" societies are considered uncivilized. Yet, they wouldn’t stop working, hunting, cooking, making, building, etc., just because there was no money in it, nor profit to be had.

    The insane beliefs associated with money madness are behind a multitude of evil deeds. “He’d sell his own grandmother!” “Everyone has a price!” “You can’t cheat an honest man.” “A fool and his gold are soon parted.” Money (madness) is truly the root of all evil.

    The indoctrinated belief that we need money gives tremendous power to those who create the money token and control its relative trade value.

    If you ask the average American to answer the question : “Who has the power to create new money?” Most would say Congress, some might say the Federal Reserve, and yet they would be wrong on both counts. There is no constitutional power delegated to Congress to create money. It has the power to coin money (stamp bullion) and borrow money. If it had the power to create money, why would it need the power to borrow it? Since Congress has no power to create money, it cannot give that power to anyone else. And the Federal Reserve Note is not money, being debt (an IOU).

    So who’s making new money?
    No one.
    The only thing being created is new debt; not-money.

    That’s right, Mr and Mrs America, you are ***** crazy to believe that you’ve worked your whole lives to earn not-money, pay taxes in not-money, contract for usury with not-money, and expect entitlements payable in not-money. Since no one is paying their debts with lawful money, every transaction is a privilege subject to an excise tax and regulation. And everyone is presumed to be a bankrupt and a pauper (eligible for public charity).

    To top it all off, those notes are worthless, having been repudiated in House Joint Resolution 192 (June 1933) and later in the Gold Act of 1934.

    How do they function as “legal tender?”

    Remember, they’re not FIAT. Fiat money has value by virtue of law. The law says the NOTES are worthless - no par value. But obligated parties on the notes must accept their own notes as TENDER in lieu of lawful money. (Think of a gambler accepting his own marker in place of winnings.)

    Pursuant to Title 12 USC Sec. 411, we know that the U.S. government is an obligated party and thus must accept their own note in lieu of lawful money.

    The rest of us?

    Everyone who signed up with FICA (1935) as a “contributor” is pledged as collateral on the public debt. Thus all those notes are THEIR obligation and they cannot object to their tender in lieu of lawful money. And every participant is thus liable to pay everyone else’s claims made upon the bankrupt Federal government.

    But don’t blame government - the law is clear - YOU VOLUNTEERED.
    You’re a voluntary tenant of the money mad asylum.
    (Can you hear “Hotel California” playing in the background?)

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