Economics

True Value

Money is supposed to be a reflection of true value. Ina real sense, the only thing of real value are materially real things. Abstractions do not have any value. What are real things? Commodities represent real things So do any derivative of the earth itself. That is why gold and the precious metals; and crystals represent the highest values in monetary terms, even though for the most part they have no functional significance except for their rarity. If you scan the planet to find out what it is people value, on a practical level, it is not money. Rather it is the things that you can exchange for with money. For example, food, transportation, water, environment, clothing, and other things significant to sustaining and perpetuating life itself are the things that we truely value.

This understanding leads to the obvious conclusion that the most valuable thing there is, is life itself. Each individual life is the holder of all true value. All other real values are derived from the effort to survive and perpetuate life.

Our Constitution recognized this when it codified the power to create money, which is a reflection of The People's value. The Preamble begins in stating: "We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, 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." In Section 8 of the Constitution it states that "The Congress shall have Power To... coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." The Constitution does not give the power to create money to anyone else, nor does it give the power to give the people's authority to anyone else. In fact the Constitution establishes that money shall be based on some amount of Gold! So it appaers that the right to create money is derived from the people and invested in the Congress. On its face it would make it appear that the Federal Reserve, which is a private Bank is unconstitutional. There is no provision in the constitution for the Congress to delegate Constitutionally granted authority to a private corporation, no more than there is Constitutional authority to grant the right to exclusively create money to any single private individual. If it were the case that a private individual was invested with that power then 'We the People' would all become the slaves of the individual who could create money. No less is true for a corporation that has that type of power, as it is manifested in the Federal Reserve Bank. Thus we are the slaves of the owners of the Federal Reserve Bank.

The whole trick to it, is that anybody can promise the grantors of the power to print money, anything they might desire, while they become unaccountable for their granted priveleges to 'We the People'. That is what has precisely happened with Congress. The Congress has unconstitutionally given the Federal Reserve 'We the People's' power to create money, while the Federal Reserve rewards individual Congressmen whatever they might desire. It is a total sellout of The People.

If anything, it is 'We the People' who should be paid to use our money creating power and not just for our representatives to be compensated. We should be compensated directly based on th amount of circulating money, much as the Federal Reserve levies interest and taxes on The People.

Who should be required to pay us? Well, other than the people, you have corporations and other fictitious entities that have no value in and of themselves. All fictitious entities that utilize the People's money should have to pay 'The People'. Its a simple economics model! That means that all these corporations, trust, foundations, etc would have to pay the people for use of their value in the commercial markets. That would reverse the circumstance wherein the people are slaves to the corporations and make the corporations slaves to the people.