What is money? At its core, money embodies more than its tangible forms of coins and notes.
It represents a complex system—a construct meticulously designed as a medium of exchange, yet embedded with layers of intricate societal and economic implications.
Money, in its simplest form, is a medium facilitating transactions, a universal language translating value.
However, peeling back the layers reveals a landscape where power, control, and authority converge.
Delving into the depths of its meaning and functionality unearths a narrative steeped in history and shaped by the decisions of those holding the reins of financial control.
In our exploration of this fundamental concept, we unravel the multifaceted dimensions of money, from its role as a means of exchange to the mechanisms through which it influences societal structures.
Join us on a journey to uncover the truths obscured by the mere definition of currency, delving into the heart of its creation, control, and impact on the world around us.
1. Understanding Money: A Medium of Exchange
Money serves as a medium of exchange, preventing direct bartering between goods. It facilitates the trade of goods and services while symbolizing a claim on society for value provided.
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2. Functionality of Money
The primary role of money is to streamline the exchange of goods and services. It enables individuals to defer receiving equivalent value immediately, representing a demand on society for goods or services in the future.
3. Versatility in Money
Money encompasses any accepted medium of exchange, indicating the possessor’s contribution of goods or services without yet receiving an equivalent. Objects like paper, metal, or beads can serve as money as long as recognized by society and authorized by the issuing authority.
4. Money versus Wealth
Possessing money doesn’t signify ownership of wealth; rather, it signifies being owed wealth by the community.
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5. Ownership and Money
Holding money doesn’t indicate refraining from owning or using wealth; it signifies that the possessor is owed wealth. Money is held for convenience with the knowledge that it can be exchanged for desired goods or services when needed.
6. Material Composition and Money
The essence of money lies not in its material substance but in the legal status conferred by government authorization. Whether metal or paper-based, it is the government’s stamp that grants it universal acceptance as currency, per various scholars and references.
7. Significance of the Seal or Imprint
The stamp or seal on money is pivotal, as it transforms an object into currency. Its value lies not in the raw material but in the sovereign stamp, granting it legitimacy and power, as noted in legal documentation.
8. Paper versus Metal in Currency Production
Both paper and metal can receive the government seal, rendering them viable as money. However, modern techniques make paper more suitable due to the challenge of counterfeiting, emphasizing the crucial role of the government’s authority in creating legal tender.
9. Historical Use of Metals in Currency
Metals like gold and silver were historically employed for money due to their durability and difficulty in counterfeiting, a necessity when printing and engraving were yet to be developed.
10. Necessary Imprint on Money
The seal of the National Government must always adorn money to grant it legal status and value. The Attorney General of the United States emphasized that money is not a substance but a manifestation of legal authority, a decree set forth by law.
11. Sovereignty of the National Government Seal
The exclusive use of the National Government seal is essential as it imparts legal authority to money, ensuring uniformity and a consistent value across states, as highlighted in judicial records.
12. Government’s Role in Money Creation
As of February 1936, the National Government’s involvement in originating money is quite limited.
13. Private Entities and Money Origination
Private corporations, commonly known as banks, are the predominant creators of money in contemporary times.
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14. Usurpation of Money Issuance Power
The domination of money issuance by private individuals empowers them to control economic, social, and governmental systems, reaping substantial, but unauthorized, profits.
15. Constitutional Confines on Money Issuance
The Constitution confines the issuance of money to the National Congress due to its role as the sovereign power, an authority fundamental to any nation.
16. Acquisition of Money
Money is earned through labor or services provided in producing and distributing wealth.
17. Functions of Money
Money facilitates the temporal gap between selling goods or services and purchasing required wealth. It enables easy exchange between various items and allows labor to be compensated with various articles, fostering divisibility of wealth.
18. Origins of Money
Money is a human creation, originating from the entity that exercises the authority to create it.
19. Current Creation of Money and Value
Under the current Federal Reserve Banking system, money is generated from mere bookkeeping entries or paper engraving, creating currency from nothing and lending it at interest.
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20. Manipulation by Federal Reserve Bankers
The individuals behind the Federal Reserve Banking system use this principle knowingly, concentrating wealth among a select few while impoverishing the majority, indicative of their deliberate and calculated operations.
21. Use of Created Money
Money, upon leaving the possession of its creators, functions similarly to any other currency, as it is lent to others to acquire wealth.
22. Ideal Creator of Money
The ideal issuer of money should be the Government, acting as the representative of the entire populace.
23. Representative Governing Body
The Congress of the United States is the governing body entrusted with representing the interests of all citizens.
24. Primary Origination Authority
Congress should be the sole entity responsible for originating all national currency.
25. Benefits of Congressional Money Origination
If Congress exclusively originates money, each individual would equally benefit from the initial purchasing power of currency. The government would allocate funds for public goods and services, ensuring equitable distribution of wealth.
26. Advantages for Private Bankers
Under the current system, private bankers receive interest on created money and acquire titles to pledged properties if loans aren’t repaid within the stipulated time.
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27. Constitutional Provision for Money Origination
The Constitution of the United States specifically entrusts Congress with the authority to coin money and regulate its value.
28. Intent Behind Congressional Money Authority
The framers of the Constitution vested the power of money origination in Congress due to their understanding of the principles of government and the benefits of an honest monetary system.
29. Delegation of Constitutional Powers
Congress cannot delegate constitutional powers intended for public function to be utilized for private profit without explicit specifications.
30. Congressional Delegation for Private Profit
Congress has delegated the power of money origination for private profit through acts like the National Bank Act of 1863 and the Federal Reserve Act of 1913, among others.
31. Legislative Violations
These legislative acts are constitutional violations passed by Congress, akin to other violations such as the AAA and NRA.
32. Perpetuation of Violations
Honest public servants who sought to expose these violations faced resistance from powerful private money creators who used their influence to quash efforts for economic freedom.
33. Congressional Recovery of Issuing Privilege
Congress need not regain what it has the inherent right to possess—the authority to issue money. It should immediately exercise this vital constitutional command.
Recapitulation
- Definition of Money
Money encompasses any paper or coin carrying the official Government seal, utilized as a medium of exchange within the economy. - Money Creation Authority
The responsibility of creating money should solely belong to the Government, not to private entities. - Unconstitutional Money Creation
Presently, unconstitutional entities hold the power to create money, allowing them to lend this money at interest or for profit, enabling them to gain assets without offering anything in return. - Consequences of Unfair Gain
This “something-for-nothing” practice leads to the acquisition of farms or other significant assets… [additional details needed to conclude the point].
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Unveiling the Truth About Money
In unraveling the complex web surrounding money, it becomes evident that its essence extends beyond paper and coin.
Money is a construct with a profound influence on society, intertwined with power, control, and the means to manipulate economies.
The heart of the matter lies in the rightful authority to create money—currently in the hands of entities wielding undue power and reaping benefits at the expense of the public.
This journey into the origin and functioning of money sheds light on a system operating in favor of a privileged few.
Yet, understanding this is just the beginning. Dive deeper into our next blog post, “The Origin of Our Present Money,” to explore the historical context and uncover the pivotal events shaping our existing financial landscape.
Join us in unraveling the intricacies of monetary systems and their impact on our lives.