Friday, September 21, 2012

The money supply is not a simple zero sum game. A trillion dollars worth of newly created dollars has absolutely no effect on the value of the economy if it is sitting aimlessly in a vault somewhere. Contrary to the observations of many, creating money doesn't debase the value of the current money supply if the additional money is not employed. That is what is occuring today as the Federal Reserve's excess NSA remains at near record levels. The banks have plenty of money to loan. They just don't seem to have the right customers. Also, the velocity of money has slowed dramatically. This also has to be taken into account when examining the money supply numbers.

 
 
Here is a totally cool five-hundred dollar Federal Reserve note.

Sunday, August 12, 2012

A fool and his money are soon parted.


The greatest crime of the Century occurred in 1963 after Kennedy's death when the government discontinued the practice of printing its own notes (to pay off debt) and began to borrow all money from the private banks. The ultimate result has been the creation of  the largest debt in the history of the planet. No previous government has ever wielded so much power, yet owed so much debt. 

Friday, February 17, 2012

Mercury dimes rule!


Also referred to as the "winged liberty dime," the Mercury dime was struck 1916-1945. The 1916-D Mercury dime is the key date with only 264,000 issued. The 1917-D is the second rarest in this issue.





Some Half dollar porno




I love looking at these Liberty half dollars. Without any rationale, they are one of my favorite money designs. Same with the Ben Franklin fifty cent pieces.




1963 five dollar note




During 1963, two different five dollar notes were manufactured. One is a red seal U.S. note that the U.S. government used to pay its debt. The second note (bottom) is a Federal Reserve $5 dollar note that is used to put the U.S. government into debt. Eventually, the red seal notes that came in different denominations ($1, $2, $5, $20, etc.) were completely discontinued. Currently, only Federal Reserve notes are used for our paper currency. The rules for the usage of Federal Reserve notes also applies to digital money (money that is not currency.) In other words, it is assumed that an electonic dollar is a Federal Reserve note as opposed to a red seal note or silver certificate. (An additional note: it is interesting to see Lincoln's visage on this 1963 red seal. Kennedy was assasinated in 1963. Some have speculated that Lincoln was assassinated by international bankers...Kennedy too, although there seems to be no proof of either claim.



Saturday, February 11, 2012

1964 Kennedy half dollar




 

Some quarters


The animals don't need money. They are pushed to act through their nature. Human beings need money. Without money, nothing can be done. No bridge can be built, no highway can be paved, no product can be sold, no food can be grown. Money is the controller of human activity. It is representative of human instinct. Money trancends human energy and material energy. It is neither, yet both. It is the in between the two.
Do not mistake money for material energy (goods and services.) Those who worship materialism are devoted to the fullfillment of goods and services. They are blinded by their desire for material satisfaction. Most human beings fall into this category.