Posts Tagged ‘money’

Trillions

March 11, 2010

Our government has gotten us accustom to budgets and spending in trillions. I’ve seen graphics that try to show dollar bills (FRaud Notes) stacked like sky scrapers, impressive but lacking. I ran across a piece of information about javascript code which counts time in milliseconds based from 1970. Seconds of time are nice little units we’re pretty familiar with, one Mississippi, two Mississippi …. So, I was born back in 1958; how many trillion seconds have passed since I was born?

60 seconds = minute

3600 seconds = hour

86,400 seconds = day

31,557,600 seconds = year: That’s 31.5576 million seconds in a year.

1,640,995,200 seconds = 52 years: Well heck, I’m a mere 1.6 billion seconds old.

3,155,760,000 seconds = century

31,557,600,000 seconds = millennium

63,430,776,000 seconds = 2010 AD give or take a little

1,000,000,000,000 seconds = 31,688 years

I guess it’s a good thing we have bookkeeping to create ‘dollars’. I wonder how many forests it would take to keep that many bills in circulation?

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Public Wealth

February 5, 2010

Here is a scan of a letter to the editor from the Post-Standard of Syracuse, NY. If I had just retyped it who would believe this was printed in the good old US of A. The message is clear; without government we would all starve and ride donkeys.

A letter to the editor claiming government theft creates wealth.

LTE Post-Standard of Syracuse

Economic Meltdown

March 19, 2009

Federal Reserve Notes, the stuff we call money, are backed by the full faith and credit of our dear leaders. That is why I call it ‘faith based’ money. The trouble comes naturally when people holding the paper lose faith. Back when money was gold and silver and banks handed out certificates as claims to the metals in the vault, a good old fashioned ‘run on the bank’ would take out the dishonest bankers and limit the damage to the crooks and their isolated victims.

Then came the ultimate (so far) banking fraud: the Federal Reserve System. This great system would be the cure to banking problems, no more economic distresses associated with ‘runs on the banks’. I’m not impressed.

Declan McCullagh has a review of Thomas Woods’ new book Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. It looks like good reading, I’ll have to buy a copy while I can afford it.

The Reform Movement

November 11, 2008

As surfing happens, one thing leads to the next; investigating a quotation led me to a little book at Google.

Imperialism in America Its Rise and Progress By Sarah E. Van De Vort Emery 1892
Once I found the quotation I had searched for I needed to find the context of this little book. It is pretty clear that it is written from a socialist perspective. Mrs. Emery does a very nice job of sorting out the ‘political tricksters’. I think she fell just a bit off point by dividing the social order as capital vs. labor. The problem there is that labor is human capital. Nevertheless she points out the problems associated with ‘money’ manipulation in a very understandable way.

I find it interesting that problems we face today are the same problems of the country over 100 years ago. I am encouraged to know the battle for Liberty has been quietly continuing for such a long time. On the other hand we have been slowly losing ground to the Hamiltonian vision.

Some interesting pieces:

Today they know that Republicanism or Monarchy must go down. These conditions cannot remain co-existent when brought in daily contact with each other. The governments of the world must assume one form or the other, and to overthrow Republicanism in America is to give a new lease of life to the despotisms of the old world.

When the morning of the twentieth century dawns upon this country, it will either look upon a nation of slaves or a nation of freemen.

From time immemorial governments have been instituted, nations have risen, flourished, and then ignominiously passed away, and in every case we find the oppression of the masses has been the signal of dissolution. Republics die because the people become indifferent to the boon of liberty, and their children, unmindful of the fact that “eternal vigilance is the price of liberty,” let go their hold upon the principles which underlie self-government, and ere they are aware the boon of freedom is lost to them forever.

We find, then, that by controlling money, land, machinery and transportation it is an easy matter to control the labor of a people, and we find by taking advantage of these conditions a very few men are practically controlling this country with its 63,000,000 population.

The man who toils from year to year for the bare necessaries of life is a slave, whether it be on the cotton plantation of Mississippi or the cotton factory of Massachusetts, whether he be a black man or a white man, whether he be called a bondman or a freedman.

The first step is to gain control of the money; with power to inflate or contract it at pleasure. With this power all other sources of wealth are at the command of the money monger, who by producing a scarcity of his commodity is enabled to seize upon them at such prices as he may dictate.

There is no lever more powerful than prejudice, and nothing that fires the blood like the word “patriotism.” To the average man disloyalty to country embodies the entire category of crime, and to act in accordance with its best interests in his estimation is a virtue that atones for manifold sins.

There is no slavery so insidious as that of financial slavery, none which reduces the people to such depths of degradation and none to which they submit with such complacency; for their chains under the guise of freedom are unseen, and their clanking is drowned amid the boastful din of “our liberties.”

There is and always has been a class of men who seem to think the Almighty excepted them from the curse pronounced upon the human race, and that it is their special prerogative to eat their bread by the sweat of somebody else’s brow. Accordingly their chief study is to devise means by which they may obtain possession of what others have earned. Brave men accomplish this by means of physical prowess and valor, but cowards conceal themselves behind a barricade of law.

The money power is composed of the leaders of both of these parties, and however much they may feign to differ politically, their moneyed interests are identical.

The war of the rebellion wiped out chattel slavery, but out of its ashes has sprung a more gigantic system of wage slavery, founded on a system of monopolies and trusts – a mammon god – whose purpose is to consolidate the corporations, seize the powers of government and declare an empire.

Doomed to repeat

October 24, 2008

A little piece of history for today, Andrew Jackson’s farewell address. He knew we would be here; a nation controlled by the banksters. It might be written off as ‘conspiracy theory’ if we didn’t have such a long history of repeated use of the same scam. We can be pretty certain McBama will not be an Andrew Jackson.

We are not left to conjecture how the moneyed power, thus organized and with such a weapon in its hands, would likely to use it. The distress and alarm which  pervaded and agitated the whole country when the Bank of the United States waged war upon the people in order to compel them to submit to its demands cannot yet be forgotten. The ruthless and unsparing temper with  which whole cities and communities were oppressed, individuals impoverished and ruined, and a scene of cheerful prosperity suddenly changed into one of gloom and despondency ought to be indelibly impressed on the memory of the people of the United States. If such was its power in a time of peace, what would it not have been in a season of war, with an enemy at your doors? No nation but the freemen of the United States could have come out victorious from such a contest; yet, if you had not conquered, the government would have passed from the hands of the many to the hands of the few, and this organized money power from its secret conclave would have directed the choice of your highest officers and compelled you to make peace or war, as best suited their own wishes. The forms of your government might for a time have remained, but its living  spirit would have departed from it.

Thanks to The Barnes Review.