The Human Community

Quotation by Tom Paine:

"When shall it be said in any

country of the world, my poor are

happy; neither ignorance or distress

is to be found among them; my jails

are empty of prisoners, my streets

of beggars; the aged are not in

want, the taxes are not

oppressive...when these things can

be said, then may that country

boast of its constitution and

government."

~ Thomas Paine     

MONEY POWER

Democracy will rise superior to the money power.

Posted on May 18, 2012

by William Finnerty  

                          

no copyright claimed

United States President Abraham Lincoln’s MONETARY POLICY

“Money is the creature of law, and the creation of the original issue of money should be maintained asthe exclusive monopoly of national government. Money possesses no value to the state other than that given to it by circulation. Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money [interest]. ……………….

No duty is more imperative for the government than the duty it owes the people to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges…………..

The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use……………..

The monetary needs of increasing numbers of people advancing towards higher standards of living can and should be met by the government. Such needs can be met by the issue of national currency and credit through the operation of a national banking system. The circulation of a medium of exchange issued and backed by the government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by taxation, re-deposit and otherwise. Government has the power to regulate the currency and credit of the nation………………..

Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy………………

Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not andshould not borrow capital at interest [from the private banking system or their affiliates] as a means of financing government work and public enterprise. The government should create issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity……………………

By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.” [1]

http://news-beacon-ireland.info/?p=5389

Purpose in Government

United States of America

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.


When the newly free Colonies called for a convention that ended up writing a Constitution for a new Government, we alread had a Government. It operated under the Articles of Confederation. Why did we decide we need a new Government.

It's simple.  The first try was not working.  The Colonies were acting like 13 Nations and were constantly fighting. We had just created a new Europe.  And most of the countries of old Europe were stronger than us.  We need to work together or end up as colonies again.  We needed to "form a more perfect union.".

We need to be sure that everyone was treating everyone else with fairness.  We need to be sure that people and the laws of one state were treated with respect in each of the other states.  We needed to "establish justice".

We needed to be sure special interest groups did not take up violence against others with whom they had disagreements.  We need to be sure that there was no armed resistance to law and order.  We needed  "insure domestic tranquility".

We also were in danger from outsiders who wanted to use our land for their purposes.  We need to be aware of danger from the outside.   We needed to "provide for the common defense".

We need to try to see that our citizens did not starve, or go homeless or suffer unduly  in sickness or be unnecessarily ignorant. After all, in a democratic society the government is the institution of the people. We needed to "promote the general welfare".

And lastly we need to have control over our individual lives and we need this freedom of choice to be guaranteed to our descendants.  We needed to "secure the blessing of  liberty to ourselves and our posterity.

So this Convention proposed, voted on and wrote down the ways they thought we could best make these things happen. They call it the Constitution.  After the appropriate number of free colonies voted to accept this  document as our governing covenant the people had agreed to  "ordain and establish this Constitution for the United States of America.

It has take more than 200 years and a bloody Civil War and a lot of other bloodshed to make us the Greatest Nation on Earth.  There is a lot more to do to make it "Perfect"  As long as the People  make sure that it is their Government and working for their interest we still have a chance  to secure the blessings of Liberty to our posterity.  In the words of Abraham Lincoln it is up to us to make sure  "that government of the people, by the people, for the people, shall not perish from the earth." 


Copyright © William Hodge 2012

You can't touch your Money

These picture have nothing to do with this post . I put them here for personal reasons.

....................................My daughter Glenda..................................

..........................My son Paul and my Grandson Ryan....................  

Money does not exist as a thing. It is only an entry in a Bank account.  If you have a Bank account that credits you with $100 and you ask them to give it to you, they can't. There is no real thing that is money.


  Instead They will give you a  Federal Reserve Note and erase $100 from your account    That means that now the Federal Reserve Bank owes you $100.  The Note says that the Treasury of the United States has ordered that this Note 
[Reserve Bank Debt|] can be used as Legal Tender to pay "for all Debts, public and private.


You then go to Big Box Market and buy some stuff.  The Big Box Market says you owe them a $100. Since you don't have $100 you give Big Box Market the Federal Reserve Note. Now the Federal Reserve Bank owes the Big Box Market $100   Big Box Market takes the Federal Reserve Note to the Bank and the Bank puts it in their vault and credits the account of the Big Box Store with $100 in money.


The reason these notes exist is because their are people who do not want to move their money from their account to another by electronic transfer or by writing a person check that orders the Bank to do this.  In stead they want to use a Universal IOU and that is what a Federal Reserve Note is.  


The Banks buy them from the Federal Reserve Banks who bought them from the Treasury who printed them , just as Treasury make coins and sell them to the Federal Reserve Bank. The Fed pays face value for the Coins and the Government earns a profit. The Federal Reserve only pays cost of printing for the Notes and the Fed Banks make a profit when they sell them to Corporate Banks.  The Corporate Banks use them as a service to customers.. It represents only a tiny fraction of the money that is written into the Banks Accounts.


The final question must be, why do people use them if the Banks can never give them Money. Remember, money does not exist as a thing.  The reason is that Government has the constitutional right to create money.  It also has the right to charge you taxes. If you owe the Government $100 in taxes, you cannot pay it with labor or chickens or corn or gold. You can only pay it with money.


 If you refuse to pay your taxes you will go to prison.  If you don't want to go to prison you had better trade your labor or chickens or corn or gold for money.  Only money has any value when you owe the government a tax debt.  Now you know why all money is just a way to pay debt.  Money = Debt


This was first written as a Note in my Facebook community page
Pax Village Voice 
 http://www.facebook.com/pages/Pax-Village-Voice/15299
8464720656?ref=mf




Copyright © William Hodge 2012

Simple machines can build a Village

Our World does not have to be complex. We cannot live without machines, but they do not have to dominate our lives. We can make them  serve our needs to live a simpler but a more permanently productive life.  Machines can multiply our efforts without mastering our lives. Machines can help us build a Village.  


The Village can nurture our sense of each other and the knowledge that we do not live alone. It will not replace the global world but it will give those who wish it the power to live with the world without being a slave in the world. It takes the Village to make a human community.

The Earth cannot be owned.

William Hodge  -   -  Public

We do not tax to spend. We tax to be sure that those who gain profit from the Commons of the Nation pay an equitable share to the common people of the Nation. Common people are more than just wage slaves to the Wealthy.

This is a post I received in a discussion group that I participate in.
I wanted to share it with you.

Richard Tyson

to public-banking

There are a few things that are essential to existence. Land, food, water, air. Without just one of these no human can live. To be taxed on the use of any of these, when the usage is for basic survival, is antithetical to the most basic of human rights. Every person, has in theory, equal right to that which is essential for survival, ie a minimum usage of land, food, water, and air.

When usage exceeds that which is essential then it is fair that those who enjoy excess are taxed. When an oil company drills they're doing it for profit at the expense of those who would rather enjoy a walk through unspoilt nature. One entity is taking away from the other and it would be only right for a certain level of compensation to occur. If they're paying from profits or paying a land tax, they're essentially paying because of their use of the land. At the basic level, it doesn't matter what the basis of the tax is, as long as compensation paid is equitable and results in benefit to all of society.

As to taxing income being punitive. Grrrrrr. Tell me again how one person is worth millions times more than another? ( A garbage collector is probably more important than a doctor because he stops disease before it can occur) Again, there are minimum levels of income that are to be taken into account. A certain minimum allows one to barely survive, another level allows a modicum of comfort, another level is just plain greed. No one should should be taxed when they attain a modicum of comfort. Anything above that should be taxed until the "take home" pay is the same as the tax cut off limit. If the super wealthy were to pay land tax rather than income tax they would never come close to paying what they should. Far from being punitive, tax on excessive income is the right thing to do to even the standard of living for everyone.

When this is done the incentive to speculate is removed and the result will be a far safer, more secure and happier society. Anything else results in the crap we currently experience.

While we have the opportunity to gain at the expense of another no economic system can work in the best interests of all. Tax is one way of leveling the playing field, and how taxes are instituted are not nearly as important as who and in what amounts they come from and how they're distributed.

There is never a Shortage of Money.

Here we are in the middle of an unemployment Depression and Radical Republicans and some semi- intelligent Democrats are telling us we must destroy Government Service to people because there is not enough money.  They say we must stop borrowing because the interest will Bankrupt our Grandchildren.  POPPYCOCK.  

It is possible for the Treasury Department to borrow enough money from the Federal Reserve Banks at 0% interest to finance the entire National Debt.  Only the Congress prevents this from happening by allowing only a special group of appointed Corporate Bankers to bid at the Primary Auction for Treasury Debt. 

The only role the Fed is allowed by law to play is to buy up debt on the secondary auction in order to control interest and money supply. But even in that role the Fed has keep interest rates at almost zero. and the Treasury debt it buys becomes interest free because the interest it Fed earns is returned to the Treasury as profit.
 http://www.federalreserve.gov/newsevents/press/other/20120110a.htm

Now we know that money is unlimited and is scarce only because your friendly Wealthy elected Congressmen have made it scarce by law to aid their own  SPECIAL INTEREST.  the question becomes when is it possible to spend this unlimited money in a way that helps the purposes of the Nation and does no harm

The argument that is used most often is that if you spend this magic money it will cause inflation. When can you spend money without causing inflation?  First you must understand what money does when you spend it. The Nation already has all the money it needs whenever need it.

Having money is like having gas to power your vehicle.  It is like having enough gas to power all the vehicles we will ever have for a million years.  So what do you need to use gas wisely. You need a driver [skilled labor].   You need a truck [productive capacity]. You need a load [resources].  If you have a road to travel and a destination you can fill up the truck with gas and get moving. In the middle of a recession you have the all three available. That is the best time to use your the unlimited supply of gas. 

If on the other hand  all the drivers, trucks, and loads are in use, then pumping more new gas will just spill on the ground and cause a fire [inflation].  A good thing to do then is stop pumping.  Your problem is now training new drivers [education] and building more trucks [capitol investment] and building roads [infrastructure]. 

This ain't Rocket Science Folks. It is no shortage of money ever.  It is POLITICAL, pure and simple.  I  suggest you elect a new Congressman who understands Money.



Copyright © William Hodge 2012