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Manufactured Prosperity - Money

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Manufactured Prosperity
What is Money?
As important as money is to most people, most of us take for grantedthis valuable resource without giving thought to what it really is,where it comes from, or how it works. We earn it, we spend it, wesave it, and some may complain they don't have enough of it, but fewreally know much about it. For most people, money, finances,monetary policy, etc. are pretty confusing and as a result they figureleaving the subject to others.Many assume the bills stuffed in their wallet is money. But, is it?Throughout history, money has taken on many forms and there hasn't been much agreement on what "object" money is. It really is nothingmore than a symbol that represents the value of something. For thoseof us who use the Bible as our foundation, it's interesting to note thatthroughout Scripture silver and money are pretty much synonymous. The Hebrew term thatmeans "silver" is found 403 times in the Old Testament, and depending upon the context, theKJV translators translated it into either silver or money 399 times. In essence, silver andmoney were the same idea, the same concept, the same thing, as it were.Whatever form it takes, it is used as an intermediary for trade - or medium of exchange, inorder to avoid the inefficiencies of a barter system.Money is generally considered to have the following four characteristics: (1) a medium, (2) ameasure, (3) a standard, and (4) a store. That is, money functions as a medium of exchange, aunit of account, a standard of payment, and a store of value.The Bible tells us, "My people are destroyed from lack of knowledge." (Hosea 4:6). Havingknowledge combined with wisdom, on the other hand, can empower you with tools for survival and provide you greater prosperity. This is why knowledge about the true nature of money has been withheld from you. Not only are you ultimately destroyed from lack of knowledge but you are also manipulated by those who do have the knowledge and control of money.Hopefully, by the time you finish reading this article, you will have more knowledge aboutmoney and begin to experience more of the benefits it can bring. Particularly, this article isgoing to explore the devolution of our Biblical form of money in America as established inthe U.S. Constitution, how it has lost most of the above characteristics, how it is presently being used to destroy us as a people, and what we can do to restore it.
Types of Money
Money is a broad term that has come to refer to any financial instrument that can fulfill theabove four functions of money. Money can further be described among different types of monetary aggregates, using a categorization system that focuses on the liquidity of thefinancial instrument used as money.

 
•
A
commodity money
is a medium of exchange the units of which are fixed amounts of anactual commodity that has value other than as money alone. Many items have been used ascommodity money such as conch shells, barley, beads etc., as well as many other thingsthat are thought of as having value. Historically, silver and gold coins of known, standardweights and designs have emerged as the preferred commodity monies of the entirecivilized world. Gold and silver have been used as money throughout most of recordedhistory, even as far back as Abraham [Genesis 23:12-16]. In the case of a commodity money,the actual commodity - silver or gold - is both the medium of exchange and the standard ofvalue (that is, the unit in which prices are stated in the marketplace).
•
A
fiduciary money
(or representative money) is a medium of exchange composed of someintrinsically valueless substance (such as paper) which the issuer promises to redeem ondemand in a commodity money (such as silver or gold coin) or in a monetary commodity(such as silver or gold bullion). The paper promise to pay is the medium of day-to-dayexchange, but the actual money and the ultimate standard of value remains the promisedmedium of payment, the silver or gold coin with which the note is to be redeemed.
•
A
fiat money
is a medium of exchange composed of some intrinsically valueless substancewhich the issuer does not promise to redeem in a commodity or a fiduciary money. Themoney itself is given value by government fiat (Latin for "let it be done") or decree.Because a fiat money has no direct legal connection to a commodity money (in terms ofredemption) and, therefore, no real economic cost to its production, the supply of a fiatmoney can never be self-limiting; and the value of a fiat money is always largely a matterof public confidence in the economic or political stability of the issuer. For these reasons,historically every major fiat money have self-destructed in what is popularly called"hyperinflation" (that is, extreme decreases in purchasing-power) caused by eitherunlimited increases in the supply of that fiat money by the issuer or accelerating loss ofpublic confidence in the continued value of the money or the economic or political fortunesof its issuer, or both.
Constitutional Money
America was founded amidst one of the largest economic crises we've experienced. Therewas raging inflation along with a massive depression that had followed the emission of billsof credit and other forms of paper currency issued by the Continental Congress and many of the state legislatures. The founding fathers recognized their responsibility of putting these paper monies into circulation and took actions to prevent this from ever happening again.The founders of American independence also intimately understood the tyranny imposed bythose who control and manipulate the money and went to great lengths to ensure Americawould never again be enslaved to the moneyed vultures again who desire to set themselvesabove mankind in order to arrange, organize, and regulate it according to their fancy.In writing the Constitution, they included the monetary powers of this new nation andoutlawed what James Madison in the Federalist papers denounced as "the fallacious mediumand improper and wicked project of paper money".The Congress shall have power... To coin money, regulate the value thereof, and of foreigncoin, and fix the standard of weights and measures; - U.S. Constitution Article I, Section 8,Clause 5 No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque andReprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the

 
Obligation of Contracts, or grant any Title of Nobility.- U.S. Constitution Article I, Section10, Clause 1The U.S. Constitution established commodity money as the
only lawful medium of exchange
in America and empowered Congress to coin silver and gold coins the values of which are to be "regulated" using a fixed standard of weights and measures. The
value
of theUS dollar represented a certain equivalent weight in silver and could be redeemed in silver coins. The Constitution did not authorize printing paper money (Bills of Credit). Only goldand silver coins were considered legal tender as a
standard
of payment.The Coinage Act enacted in Congress in 1792 fixed the monetary unit of the United States asthe silver "dollar" and defined the dollar as
a unit of measure
of 371.25 grains of pure silver or 416 grains of standard silver. The U.S. had adopted the decimal system [dollars and cents]for measuring the weight of money rather than the Avoir du pois, [Troy or 'shekel'] usedelsewhere. As a measurement, the U.S. dollar consisted of 100 equal cents, or ten dimes to adollar, or 4 quarters to a dollar. All of the minor coins were defined in terms of percentages of the primary coin the dollar such that a half dollar contained 1/2 as much silver as a dollar,quarter dollars, 1/4th etc.
Dollar416 grainsHalf Dollar208 grainsQuarter104 grainsDime41 3/5 grains
Most people today consider the dollar a tangible thing, rather than a 'dollar' unit of WEIGHTMEASURE. Just as concrete is denominated [or expressed] in cubic yards and milk ismeasured in quarts, so too silver and gold were expressed/weighed in dollars. There is,therefore, no such 'thing' as a concrete cubic yard, a milk quart, or a silver [gold] 'dollar'.There is, on the other hand, a cubic yard of concrete, a quart of milk, and a dollar of silver or gold.Ever since establishing a sound monetary system in the Constitution and further guaranteeingAmerican citizens life, liberty, and property in the Fifth, Ninth, Tenth, and FourteenthAmendments, there has been a struggle between the ungodly power of the elitist bankers andthose who choose liberty. That struggle can be characterized as the debauchery - or corruption- of the monetary system in America and throughout the world from commodity money, tofiduciary money, and to ultimately fiat money.
U.S. Central Bank 
In 1791, Alexander Hamilton, the Secretary of the Treasury, made a deal to support thetransfer of the capital from Philadelphia to the banks of the Potomac in exchange for southern

 
support for his Bank project. As a result, the First Bank of the United States was chartered byCongress in that same year. The First Bank of the United States was modeled after the Bank of England, partly owned by foreigners, who would share from its profits. The Bank was bitterly opposed by several founding fathers, including Thomas Jefferson and JamesMadison, who saw it as an engine for speculation, financial manipulation, and corruption.
"I believe that banking institutions are more dangerous to our libertiesthan standing armies. If the American people ever allow private banks tocontrol the issue of their currency, first by inflation, then by deflation, thebanks and corporations that will grow up around [the banks] will deprivethe people of all property until their children wake-up homeless on thecontinent their fathers conquered. The issuing power should be taken fromthe banks and restored to the people, to whom it properly belongs." 
-Thomas JeffersonPublic outrage over the abuses of the First Bank of the United States, including its practice of fractional lendingat a 10:1 rate (ten dollars of loans for each dollar they had on deposit) wassuch that its charter was not renewed and the bank ceased to exist in 1811.The war of 1812 again left the country in economic chaos, putting the United States insignificant debt. This debt led to an increase in banknotes among new private banks, and as aresult, inflation increased greatly. Seeing another opportunity for easy profits for bankers, theSecond Bank of the United States, chartered in 1816 was founded out of desperation tostabilize the currency by President James Madison.The Bank aided a real estate boom through its 10:1 fractional lending, which encouragedspeculation in land. This lending allowed almost anyone to borrow money and speculate inland, sometimes doubling or even tripling the prices of land. With such a boom, hardlyanyone noticed the widespread fraud occurring at the Bank as well as the economic bubblethat had been created. In the summer of 1818, the national bank managers realized the bank'smassive over-extension, and instituted a policy of contraction and the calling in of loans. Thisrecalling of loans simultaneously curtailed land sales and slowed the U.S. production boomresulting in the Panic of 1819.The Second Bank of the United States had thrived from the tax revenue that the federalgovernment regularly deposited and served as the depository for Federal funds until 1833,when President Andrew Jackson instructed his Secretaries of the Treasury to cease depositingthe funds. Jackson saw the bank as an instrument of political corruption and a threat toAmerican liberties. In Jackson's veto message, the bank needed to be abolished because:
•
It concentrated the nation's financial strength in a single institution.
•
It exposed the government to control by foreign interests.
•
It served mainly to make the rich richer.
•
It exercised too much control over members of Congress.
•
It favored northeastern states over southern and western states.
The Central Bank's money-lending functions were taken over by the legions of local and state banks that sprang up, leading to an expansion of credit and speculation. At first, as Jacksonwithdrew money from the Bank to invest it in other banks, land sales, canal construction,cotton production, and manufacturing boomed. However, due to the practice of banks issuing

 
 paper banknotes that were not backed by gold or silver reserves, there was soon rapidinflation and mounting state debts.At one time in the 19th Century, there were more than 5000 different types of bank notesissued by various commercial banks in America. Only the notes issued by the largest, mostcreditworthy banks were widely accepted. The script of smaller, lesser known institutionscirculated locally. Farther from home it was only accepted at a discounted rate, if it wasaccepted at all. These banknotes could be converted into gold or silver by application at the bank. Since banks issued notes far in excess of the gold and silver they kept on deposit,sudden loss of public confidence in a bank could precipitate mass redemption of banknotesand result in ‘’bankruptcy’’.On January 8, 1835 withdrew all government funds from the Second Bank of the UnitedStates using it to pay off the national debt. Then, in 1836, Jackson issued the Specie Circular,which required buyers of government lands to pay in gold or silver coins. The result was agreat demand for gold and silver, which many banks did not have enough of to exchange for their notes. These banks collapsed, and was a direct cause of the Panic of 1837, which threwthe national economy into a deep depression.
Debasing the Currency
Debasement is the practice of lowering the value of currency. A coin is said to be debased if the quantity of gold, silver, copper or nickel is reduced. Debasement occurred whenunscrupulous users shaved off small amounts from the edges of the coins, thereby reducingthe actual silver content of the coin. In order to prevent this, silver and gold coins began to be produced with milled edges. The main reason a government will debase its currency isfinancial gain. By reducing the silver or gold content of a coin, a government can make morecoins out of a given amount of specie.The consequence of debasing the currency will inevitably be ever-increasing prices(inflation), which is simply the market’s way of saying that the currency is falling in value incomparison with everything else. The advantage to public officials of debasing its currency isthat the masses usually have no idea that government is behind the rising prices and so jointhe government’s chorus blaming the rising prices on rapacious businessmen, profiteers, andspeculators."Lenin was right. There is no subtler, no surer means of overturning theexisting basis of society than to debauch the currency. The process engagesall the hidden forces of economic law on the side of destruction, and does itin a manner which not one man in a million is able to diagnose." - JohnMaynard KeynesIn less than 50 years of establishing the dollar as the currency of theUnited States, the debasement began. In an act passed on January

 
Should an oil embargo ensue, product scarcities will cause frenzy buying of food and fuel,gold prices will spike, the dollar will crash and global panic will most likely break out.Given the growing influence of collectivist politicians here and abroad, a likely scenario isthe globalization of world financial markets and the merging of soverign nations into larger global entities. In the final quarter of 2008, the financial crisis saw the G-20 group of major economies assume a new significance, suggesting a new economic order including a globalcurrency.Steven Watson, writing for Infowars, said: The decline of the economy in the US is beingcaused by the very predatory globalist policies that are still presented to us as the solution for economic turmoil. Globalist vampires such as the IMFand the World bank, but two of theelite central banks and private interests, have drained the third world dry, and are nowfocusing their attention on enslaving the developed world.The single currency and a ‘new economic order’ is a major step on the road to globalgovernance. Europe already has its own strong single currency, while the dollar’s days seemto be numbered. When money is being printed and distributed by private corporations is itany surprise to see a push for a merger with other countries’ currencies?There is yet one remaining consistent piece of the puzzle yet to emerge in our current crisis.In all previous financial crises, a state of war was always associated with the process. Besidesthe ongoing war in Iraq and Afganistan, could there be an impending war to bring us out of the current economic mess? According to forcaster, author, and CEO of The Trends ResearchInstitute,Gerald Celente, an attack on Iran by either Israel or the US will spark the onset of 
World War III
.
The Boom - Bust Cycle
Are you beginning to understand the game banksters play to consolidate the wealth into their  pockets?"When plunder has become a way of life for a group of men living together in society, theycreate for themselves in the course of time a legal system that authorizes it and a moral codethat glorifies it." - Frederic Bastiat in "The Law"The central bank causes inflation by creating debt/money for loans and credit and makingthese funds readily available... setting up the booming economy. They next use the inflationwhich they created as an excuse to shut off the loans/credit/money. The resulting shortage of cash causes the economy to falter or slow dramatically - or bust - and large numbers of  business and personal bankruptcies result. The central bank then seizes the assets used assecurity for the loans and the wealth created by the borrowers during the boom is thentransferred to the central bank during the bust. That's how the rich get richer, and the poor get poorer.In 2008, America was faced once again with another financial crisis. And, like in previouscrises, it was engineered by the same International bankster elites that have sought to setthemselves above mankind in order to arrange, organize, and regulate it according to their