had a thought
....
Money
According to French economic theorist Bruno Théret:
At the origin of money
we have a “relation of representation” of death as an invisible world,
before and beyond life—a representation that is the product of the
symbolic function proper to the human species and which envisages birth
as an original debt incurred by all men, a debt owing to the cosmic
powers from which humanity emerged.
Payment of this debt,
which can however never be settled on earth—because its full
reimbursement is out of reach—takes the form of sacrifices which, by
replenishing the credit of the living, make it possible to prolong life
and even in certain cases to achieve eternity by joining the Gods. But
this initial belief-claim is also associated with the emergence of
sovereign powers whose legitimacy resides in their ability to represent
the entire original cosmos. And it is these powers that invented money
as a means of settling debts—a means whose abstraction makes it
possible to resolve the sacrificial paradox by which putting to death
becomes the permanent means of protecting life. ( from Joesph .p.
Farrels book "vipers of Venice" )
In order to understand who is doing what to whom. We need first to explore the methods which are employed. We start with money.
A facilitator exchange of human production, a medium of exchange and
storage is required, an agent, for human production or energy output and
storage. This medium must be fungible ( able to be broken down in to
smaller units with value that when added back together equals the
original value) and the medium must be durable , you must be able to
return to the medium and find no degradation ) and both parties must
have agreement, by which act, adds value Some different, mediums have
been as diverse as rice , dry barley , wooden sticks split down the
middle and of course precious metal and stone. All have had careers as
successful holders of the title , money.
When I was younger the Barley silver standard was in use.
This is a
measure of productivity. As the Bible points out; God created the
heavens and the earth. Therefore we as custodians of the earth, do not
have title to that earth. We are merely looking after it, and as we look
after it would be ideal if we derive some benefit , incentive to do so.
That produce or incentive is what we own. However it's considered good
form to acknowledge the owner of the land that allowed us to produce ,
so 10% of our production should be given back for the support of the
land or creator that allowed us to produce. This will return later to
haunt us.
Now
farmers find it convenient to measure land in units of seed required to
sow an area of land some recent examples are; Japan with their , BU,
France with the "charge" and Ancient Hebrew with their "chomer" which
planted about 2.4 hectares and was about 230 Litres however paying for a
present for the Mother in law with 230 litres of barley wasn't the
easiest of tasks so the barley was stored and an equivalent value in
silver was used. In Lev 27;16 we see a " (c)Homer of barley being worth
fifty shekels of silver. So fifty shekels of silver was worth the total
energy both consumed and stored in 230 litres of barley , 10% 0f which
must be returned as a tribute to the rightful owner of the land and if
the land produced more through either effort or ingenuity the " value"
of the land increased so therefore did the purchasing power ( value) of
the silver i.e you received more silver for the same amount of land due
to increased production.
Barley however is an unstable long term storage
of energy ( wealth) . It would be better if we just use the silver and
"imagine " it is backed by barley or the output of the land. Silver and
say gold is a very stable element and meets all our requirements as Money as outlined before. However something often confused with money is currency; currency is not money. Currency is a facsimile of money ( and money is a facimile of energy) .
Currency does not have to be durable and it does not need to be
fungible. It is merely a record of the human output of human energy
expenditure in production. Examples of which would be the I.O.U, Legers
in a bank , paper notes or certificates backed by money,
as in directly exchangeable . As the paper currency found favour , both
with the good and the bad elements of society it slowly surpassed money as the marker of output. Then, as one section of society realised money stored wealth but currency was the conduit for obtaining money,
i.e by using fraudulent currency you could obtain assets which retained
value such as gold silver or property. The current currency system was
cemented into place.
Here
I must explain how our current currency system works; When you are born
you mother and father are asked to register you to which a birth
certificate was issued. This is all maritime or admiralty law. This law
is different to natural law( law of the living) and is corporate law,
the law of the dead ( corpse) . After the Regis kindly acknowledges your
birth , the certificate is now an asset owed by the state and is
monetized .
The bond certificate is now sold to the central bank which
,as this now is an asset backed by the goodwill of the government and
your good self in that you will work hard and pay taxes. This asset can
be lent against.
So along comes Joe Plumber wanting
to buy a house. The bank types on a computer and the currency is
transferred. If the bank is using fiat currency ,and most countries do,
the for every dollar the bank has, it can lend out 9 X ...from the mises
institute
The Connection Between Debt and Money under Fractional-Reserve Banking
In a
previous article,
we walked through a scenario in which a teenager, Billy, finds $1,000
in currency. He goes to his local bank and deposits it in a new checking
account. Then, the bank lends $900 of this
money to Sally, who uses it for her business. The following tables show the bank's balance sheet at various stages in this process:
| I. Bank's Balance Sheet after Billy's Deposit |
| Assets | Liabilities + Shareholder's Equity |
| $1,000 in vault cash | $1,000 (Billy's checking account balance) |
| II. Bank's Balance Sheet after Loan Granted to Sally |
| Assets | Liabilities + Shareholder's Equity |
$1,000 in vault cash
$900 loan to Sally at 5% for 12 months | $1,000 (Billy's checking account balance)
$900 (Sally's new checking account) |
| III. Bank's Balance Sheet after Sally Spends Her Loan on Business Supplies |
| Assets | Liabilities + Shareholder's Equity |
$100 in vault cash
$900 loan to Sally at 5% for 12 months | $1,000 (Billy's checking account balance)
$0 (Sally's checking account balance) |
| IV. Bank's Balance Sheet after Sally Sells Her Products for $1,000 Cash and Deposits the Proceeds in Her Account |
| Assets | Liabilities + Shareholder's Equity |
$1,100 in vault cash
$900 loan to Sally at 5% for 12 months | $1,000 (Billy's checking account balance)
$1,000 (Sally's checking account balance) |
| V. Bank's Balance Sheet After Sally Pays Off Her Loan Plus Interest |
| Assets | Liabilities + Shareholder's Equity |
| $1,100 in vault cash | $1,000 (Billy's checking account balance)
$55 (Sally's checking account balance)
$45 in bank shareholder equity |
For our purposes in this article,
1 the crucial point in the above story is this: when the commercial bank extended a $900 business loan to Sally,
it created that money out of thin air.
When Sally goes to Home Depot to buy supplies — writing checks drawn on
her new business checking account — she pushes up prices even though no
one else in the community has had his spending
reduced by
$900. Billy the teenager still thinks he has $1,000 in his checking
account, which he is free to spend as he pleases. In a very real sense,
the bank loaned Sally $900 that it created as a bookkeeping entry.
On
the other hand, when Sally pays off her loan, that $900 is extinguished
just as magically as it had first been created. When the bank's
accountants remove the liability of Sally's checking account from the
bank's balance sheet, it doesn't show up in someone
else's checking account.
This is an important point, so let's try to see it in a different way: There are
various definitions of "the
money
supply." A narrow measure, called "the monetary base," consists of
physical currency and bank reserves held on deposit at the Federal
Reserve itself.
However, every other monetary aggregate — M1, M2, M3,
and MZM — has a component consisting of demand (checking account)
deposits.
In our hypothetical story above, the monetary base was
unaffected. However, all the other monetary aggregates first rose by
$900 when the bank made the business loan to Sally, and then contracted
by $900 when she paid it off. This is the very real sense in which bank
lending can expand or contract "the
money supply" in a fractional reserve system.
So
Joe Plumber takes the currency he got and gives it to bank number 2
that now lends it out 9x.All the while charging interest on the loan.
We had better look at this interest. Interest is a fee charged or paid for the use of the currency for example when you deposit money , you will receive a small payment from the bank and conversely when you use the banks money
the bank charges you a fee.
But it's an impossibility for that currency
called interest to exist. Let me explain; back when I was young we used
to the barley silver standard. This meant that X amount of barley was
worth X amount of silver and visa versa. if the production of barley was
good then there was more silver ..i.e more silver entered the economy
and people traded more.and conversely when there was no Barley , then
silver didn't enter the economy.
This was because barley and silver were
of equal value and could be equally traded ,and was an" open system" , i.e the money was based on what had been produced, as 230 litres of Barley
was fifty shekels, or the equivalent in silver. So if your farm grew 230
litres of barley and a bottle of beer was worth 230 litres of barley..
you could pay in either silver or barley and receive one bottle. But
imagine if your farm produced 460 litres of barley, same size of land
same rate of production, but twice the output due to your awesome
farming skills. You now could buy 2 bottles of beer. No debt or
servitude to another . Two bottles of beer.
This is based on what HAS been produced. The Babylon system or fiat money
,debt based system is a system based on speculation on what the land
COULD produce So in the future it MAY produce 460 litres of barley and
you Might be able to buy beer.
The money is loaned into circulation based on what is in the vault and or what the
land may produce. This means the intermediary , the person who controls
the supply of currency based on what the land could produce is lending
the money into existence and most
definitely with interest attached and is a debt based system. Probably
originally a misconstrued vedic or ancient idea involving debt to a
higher entity.. but a debt is a debt and Interest plaques both systems
weather is is debt based or not.
It depletes the positive money
system; example if I produce 230 litres of barley and I owe my fellow
farmer because if the time I got a bit silly on the barley juice and
burnt the barn down , requiring a loan at 10%, I have to pay home 23
litres of barley . Meaning I can only plant 200 litres of seed meaning I
produce less . And less and less. Interest on the debt based system is
the same ,as money is loaned into
existence e.g $1+interest there will never be enough $ to pay back the $
and the interest.
Therefore whoever borrows the currency (or uses
currency ) will be creating servitude to the person lending the currency
and the more currency loaned into existence the bigger the debt This
debt and the interest on the debt will consume a larger and larger
portion of the output until it is no longer possible to service the
debt.
In other words, the first system is a positive “open” system where the purchasing power is defined by productivity. The second system is a negative system when the purchasing power is defined by debt owed and the more debt ( loaned or issued ) the lower the purchasing power of the money.
The more money issued or created the lowering of the purchasing power , requiring more money to be used in the purchase ( assuming the creation of money units are positive , as if it is negative then less money units are required. All at the discretion of the issuer.
As
you can see interest and the issuance of debt based money is a zero sum game So let's forgive debt , just
like in farming it is good practice to let the field lie fallow in order
for it to recover. So it is with currency , as both systems are zero
end games if interest and debt are introduced , a reset button is
required. A jubilee at which time all properties and debt revert to
origin and the system starts again. Even if you are paying your 10%
mother earth at some point the field need to lie fallow or a jubilee is
required.
Finally do we need money, yes we do . Currency we do not and interest on money is abhorrent The primary reasons for money is to store energy of production and to aid in commerce. That is all.
Some notable systems were German labour treasury notes, English tally
sticks, Zimbabwe hyper inflation, Stock market crash of 1929. notice
the non debt based systems promoting abundance and the debt based
prometing misery; Debt...
In the Vedic texts; Satapatha brahmana second text.
1. Verily, whoever exists, he, in being born, is born as (owing) a debt to the gods, to the Rishis, to the fathers, and tomen
2.
For, inasmuch as he is bound to sacrifice, for that reason he is born
as (owing) a debt to the gods: hence when he sacrifices to them, when he
makes offerings to them, he does this (in discharge of his debt) to
them.
You can see how it is possible to misconstrue this idea to arrive at debt to a lender with interest and to restate the opening French economist;
The consequences of this view are enormous, according to French economic theorist Bruno Théret:
At the origin of money
we have a “relation of representation” of death as an invisible world,
before and beyond life—a representation that is the product of the
symbolic function proper to the human species and which envisages birth
as an original debt incurred by all men, a debt owing to the cosmic
powers from which humanity emerged.
Do we have this debt? I
think so. To the earth and to our peers and to the good lord that
watches over us. Do we have debt; based on deceit and fraud, twisted
Hermetic reasoning that promotes slavery and servitude and a currency
that removes any moral obligations through its facsimiles ,
no .
So as a final word I will leave it to Timothy;
For the love of
money
is the root of all evil: which while some coveted after, they have
erred from the faith, and pierced themselves with many sorrows
In order to understand who is doing
what to whom. coveted after, they have erred from the faith,
and pierced themselves with many sorrows”
