Episode 8
Bouncy Balls and Money—Objects of Value vs. Perceived Values
Part 2
A long time ago, there was no such thing as money. People usually traded or bartered for their wants or needs.
For example, if Tabook manufactured or mined salt and Tabook’s camel died, and he needed another one right away to deliver salt to a nearby town, he might look next door to Abob’s camel lot, which had a great supply of camels.
If Abob was running low on salt, then Tabook and Abob could decide to trade an asset of salt for the asset of a camel, both objects of value.
Through negotiation, they would determine how much salt a camel was worth. Eventually, they would agree. Tabook got his camel, the salt got delivered to Abob and to the town, and Abob could salt and preserve his food once again for a long time.
The deal was a win-win for everyone and worked as long as each other had an object of value the other person needed or could trade for something else to someone else.
However, oftentimes there wasn’t a connection or equal value or necessary assets available for trading. Then one person could go into servitude until an agreement was reached.
Eventually, kings or rulers determined that objects they thought of as value could instead be exchanged for other objects of value, and had their subjects create (mint) chunks of precious metals into value as trading objects.
After all, this was how kings traded with other kings or countries because each kingdom usually had huge vaults of gold, silver, and jewels stashed away in their caves or castles.
By allowing the peasants an easier way of trading to increase their assets, also increased the king’s riches, as taxes on peasants’ assets for giving them chunks of shiny metals to trade. The peasants then received benefits from their taxes, such as military to protect them from foreign invaders.
The size or number of grams of metal determined its value. Then it was just a matter of negotiating how much an object of value was worth in exchange for chunks of metals. When the deal was done, both parties had objects of value, thanks to the king, despite burdening them with perceived value-taxes, for protection from invaders.
Later, as chunks of metal or coins became more popular, merchants or traders often carried heavy loads of coins.
Therefore, around AD 700, China determined a traveler could leave his coins with an agent or depository, and in exchange, he would receive a paper receipt with a seal and a number printed on it or the value of the coins deposited.
This worked well since China already had invented print and paper and soon turned it into pre-printed paper with denomination amounts already stamped into the paper. Merchants could then exchange this light and less cumbersome certificates of paper throughout the country to other depositories without having to haul heavy loads of coins. The depository would then send a “note” to the depository from which the certificate came from, stating to replenish the distributing depository with coins given out.
The depositories later became banks around the world where a person could store small or large amounts of coins or jewels, usually gold or silver, or excess pre-printed denominations of paper.
The transactions worked smoothly until a person with pre-printed denominations of paper money with large numbers on it demanded gold or silver of equal value, and the bank did not have that amount available. The person would often have to wait days, weeks, or maybe even months until the bank had that much in gold or silver.
The bank would often have to borrow from another bank, and then the other bank issued a “note”, stating the bank owed the other bank a certain amount of gold or silver. All worked well as long as everyone played fair or sang in harmony with the bank notes, and spent funds were replenished.
During the 19th century, the American economy would often get out of control. There wasn’t much people could do about it since weather, strikes, crises’, wars, corruption, panics or other countries would place stress on people or the banks. Inflation, recessions or depressions, regularly came and went.
Despite Thomas Jefferson’s warning that a central bank would destroy our country, in 1913, a few people secretly decided to create the Federal Reserve Bank. It would raise and lower interest rates on the people and the treasury, in order to help level out feast or famine, growth vs. Recessions.
It has never worked because they couldn’t or can’t control the weather, strikes, crises’, wars, corruption, panics or other countries that would place stress on the people and banks.
The worst example happened in 1929 or The Great Depression. The stock market crashed. People by the millions lost their jobs, and wanted their gold or silver from their banks, but the banks didn’t have enough for everyone, and, of course, neither did the Fed, and soon shut down. The Federal Reserve did nothing to solve the crises.
In addition, in 1933, 1960, and 1971 the American guv and the world guv’s decided not to play fair anymore, by not allowing its citizens to trade paper certificates for gold or silver. Everyone had to trade in their assets of gold and silver for paper notes. This began our slow trek into financial disaster and is now quickly making our current paper money system completely worthless, because the Fed went into a debtor’s economy.
With all the banks in the world trading different currencies of different values, it was determined that there should be a world central bank, to make sure there would always be a level playing ground, and one or more banks or countries wouldn’t run out of funds to pay off customer’s demands. We already know this doesn’t work either, and Thomas Jefferson was right.
What happens today is, the Treasury spends money it doesn’t have on social programs or the Pentagon, and then goes to the central bank, Fed, to borrow money to cover its debts.
However, the central bank doesn’t have assets, so it prints out “Notes” to give to the treasury. In effect, a debtor goes to another debtor to print out IOU’s so we know how much debt we owe to a debtor. Kind of makes your head spin.
This is why each denomination of paper money we hold says “Note”, “Federal Reserve Note”. Think you are rich with your paper notes? Nope, you just know how much debt of perceived value you are holding.
Our money system is like a Ponzi scheme. This is where a person gets a number of people to give them their money to invest, and in return this person will supposedly invest it and pay you back with interest.
The problem is, they don’t invest it, but spend it on their own desires. This person then needs more people to keep giving him more money, so he can return part of it to the original “investors” making them think they are getting their interest paid back to them. Eventually, there isn’t enough new money coming in to pay all the interest, and the scheme falls apart like a house of cards.
We keep sending in our money as taxes, (politicians call it investments) to keep paying interest to the central bank Ponzi scheme, who never had objects of value to print worthless notes against to begin with. Our taxes are spent on perceived value.
Neither does the bank you borrow money from and pay interest to. It keeps 10% of your deposits, and then loans the rest out to another person as debt. Then that person deposits their loan into their bank, who keeps 10%, and loans out the rest as debt.
The guv will pay out interest on it’s notes, to keep people “investing” in the debt. It is all a huge bundle of debts, circling around our lives. And the guv either has to quit or cut social programs, which are not objects of value, or raise taxes. So far, they haven’t cut social programs, and instead, borrow more money.
We owe the central bank around $31 trillion dollars as of this writing, which means we don’t have enough assets or objects of value to pay it off.
There might be enough gold as an object of value in Fort Knox or under the streets of New York, but we don’t know because it is a secret. The guv has no right to keep this as a secret. It is our gold!
Since there isn’t ever enough tax dollars, the treasury will send out treasury bills or bonds, usually to other countries. The countries purchase and hold these T-Bills until they become due, and then turn them in to the treasury to collect their original investment with interest. Guess who owns the most T-bills? China. Billions of dollars worth.
People in the US usually own cars, homes and land, and other items, as assets or objects of value. However, we don’t really own them until we pay off the debt to own them. But what happens when we can’t pay off the car loan or mortgages? Someone from the bank comes and steals them from us.
So, what happens when we can’t pay off the treasury debts to China? Will they come and steal our assets, like in a war? Many people think the planning stages are all ready happening, which the media calls, “tensions”.
Some people today are turning to digital currency, which again is worthless unless people can keep it afloat with, you guessed it, perceived value.
The Chinese guv, the ones who originally created paper money, is considering creating a guv backed digital currency for their country, as a hedge in case our treasury goes bankrupt.
This will more quickly make our current, perceived valued paper money system become worthless as it is, which then the deceived world will all have to turn to digital currency as the world’s money standard. We all ready have a basis for it in credit cards, which can also be used internationally.
But what about the almighty dollar? Isn’t it backed by the trust and credit of the United States? What is “almighty dollar, trust, and credit”? If we don’t know yet, then maybe start from the beginning again learning about perceived value. The almighty dollar are just words, and is a note of debt, dust in the wind.
So, instead of a dollar with a gold or silver certificate printed on top as used to trade for an object of the value of gold or silver, now we carry debt as a Fed Reserve- Note.
What do we know about notes we hold when we borrow money from banks? They are IOUs. The paper money we hold are IOUs from the Federal Reserve.
In other words, our dollars are not objects of value, nor can they be directly exchanged anymore for gold or silver but only for more IOUs! Smart people have at least purchased some collectors gold or silver, which is still valued more than dollars or any other currency.
The people who think they are rich with their millions of dollars stashed away actually are holding nothing but millions of IOUs, which can only be exchanged for more IOUs.
As long as we stay stupid in perceived value, we can still trade IOUs for an object of value, but for how much longer? The Guv lies to us when they say our taxes are investments. Really? Since when is paying interest to a worthless debtor an investment? And we don’t think we are deceived?
The guv has this constant influx of money, called taxes. But our tax dollars are not invested or used to purchase objects of value. We are, and have been, bankrupt for a long time, yet nobody talks about it. Because people hold a piece of paper, we are duped into believing it is worth something. As long as the guv can keep us deceived, we can go on being enslaved in a debtor’s world.
If you would like to send your IOUs to me so I can purchase my object of value, coffee, I’d be greatly thankful. Otherwise, trade them for other objects of value, such as salt or a camel.
Seriously, while we still can, make sure you always have access to the sacred objects of value. Clean air through a purifier, clean water through a water filter that actually filters out the bad stuff, and, of course, clean food, through organics or grow your organic food in a garden or planters.
In the movie titled, Network, a news announcer told us all to move to our windows and yell, “I’m mad as hell and not going to take it anymore!” Are we there yet? We are all financial slaves to a few people who think they can own us.
And the great dragon was cast out, that old serpent, called the Devil, and Satan, which deceiveth the whole world: he was cast out into the earth, and his angels were cast out with him. Revelation 12:9 KJV
“The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly.” John 10:10 KJV.
There is only one person who could pull off these global grand deceptions and money scheme, and deceiving the whole world. Do you know his name yet?
There is only one person who can save us from the grand deceptions in our lives. Do you know His name yet?
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