You are here: 1articledirectory.com



Is Today’s Money worth the Paper it’s printed on?


Go to: Previous Article Next Article


Our ancestors of just a hundred years ago may not have known much about “that new fangled telephony or that darn horseless carriage”.  In any case, most of them did know if they were getting screwed on the exchange of their labor for “junk money”.  “Don’t take any wooden nickels“, comes to mind.  They wanted something of comparable value for their work.  Back then, “Paper money” would not be accepted as a “medium of exchange” unless it was backed by something of proven value such as gold or silver.  Most were also smart enough to know “you don’t get something for nothing”.  My how things have changed!

So, why do we accept paper money as a valuable “medium of exchange”?  First, what is a medium of exchange?  If individual producers exchange their products for other products, we have a direct exchange of goods; “bartering”.  As the division of labor became more diversified, bartering became very cumbersome; enter a “medium of exchange.”

Originally this medium of exchange was referred to as money; however, in times of old, money referred to a specific commodity usually gold or silver (every so often other commodities were used).  In other words, money was the actual commodity (value) used as the medium of exchange.


The concept of money has changed over the years.  We all think in mental images.  If I say, “visualize a car”, do we all think of the same car?  Of course not, we all have our own idea of what “car” means; yet we all know what a car is.

In our not so distant past, if you asked someone to visualize money, they would probably think of gold or silver coins or even "gold dust" as during the California Gold Rush.  Today, if we think of money, do we think of a commodity (gold or silver) or do we think of paper currency?  To most of us, the mental image of “money” has changed to be represented by paper currencies such as the U.S. Dollar.  Very few of us think in terms of an actual product or service from our labor or a real commodity as our true medium of exchange.

My personal opinion is that we have been educated (indoctrinated) to make this mental image of our existent U.S. Dollar (“Federal Reserve Notes”) represent our concept of money and therefore capital and wealth.  It is by this false concept of “paper money as wealth” that we allow ourselves and our real production to be exploited by the elitist central planners at the Federal Reserve Bank with the complicity of our government rulers and the corporatists and special interest groups who finance them.


By believing that money is wealth, we accept this fraudulent idea that paper money is valuable even if there is nothing behind it but claims against our own individual production.  Federal Reserve money, in fact all paper currency, is nothing more than a "substitute” medium of exchange.  We need to mentally separate paper money from a true commodity based medium of exchange.


All central bank’s or even the U.S. Treasury’s paper or digital money is only a substitute for something else.  The Federal Reserve Note (our existent "fiat (legal tender by law) money") is claimed to be backed by the “Full Faith and Credit of the United States”.  This means it is a substitute for the labor and production of every American producer (collected through taxes and currency debasement (inflation)).


Even commodity-backed paper money is still only a substitute for that commodity; gold, silver, or whatever it’s convertible into.  It is the actual gold, silver, or the products of our production which are our true “medium of exchange”.  Everything else is just a substitute. 


It’s about time we wake up and stop accepting the Federal Reserve Note "mental image" of money as a production-backed medium of exchange and instead see it for what it really is; at best a substitute and at worse “counterfeit production.”



Article Source: The -One Article Directory-




Bad Credit Loans





Read Previous Article ~ Read Next Article
 


Most Viewed Articles

1: Benefits of Defensive Driving Class in Texas
2: Lighting is a fun and fast way to incorporate design into your apartment. Lighting will be ideal for any room in your household, so why not try some lighting today?
3: Cd repair services are usually used by huge studios or music established businesses. Anyone can use cd repair services for their personal use.
4: Generate More Profits With Your Net Biz
5: Defensive driving tips
6: Living room lighting is a large section of your family home and you want to be certain that you get it spot on.
7: Laminate worktops are a huge aspect of any kitchen. You should find tons of laminate worktops these days.
8: Catering equipment is a key part of all catering firms. Find out what you have to know by performing research.
9: Learn piano keyboard
10: Ceiling lights are great for any house and you'll certainly be able to find ceiling lights on the internet. Make your family home trendy with ceiling lights.
11: Hotel Management in India
12: A bouncy castle is a fantastic way to enjoy a party. Lease a bouncy castle for your child's parties and you'll have a great celebration.
13: A Mini Travel Guide - Puerto Penasco Mexico
14: Article Directories: How to Submit
15: Is Today’s Money worth the Paper it’s printed on?
16: Warehouse Racking
17: Learn the Cultural Heritage of Mexico: Your Vacation Planning
18: NFL Super Bowl 44 Miami FL


Read Previous Article ~ Read Next Article

You are Here: 1articledirectory.com