Currency and Government Overhaul
It seems to me that there is a lot of interference today!
Sunday afternoon ... I should be chilling out. Here I am writing.
So ... regarding New Earth, problem solving for change. Our currency problem...
I feel that ... our system of currency and value needs some serious overhaul. For one thing, most things nowadays are completly misvalued!! We do not pay what things are worth for them, one way or the other. I mean, we pay too much for the things that should cost less, and we don't value things that are worth a LOT more than the set price, according to 'The System.' More Uranus in Taurus happenings for certain!
I keep looking at the cryptocurrency issue. Sort of. I haven't really gotten that far, in terms of my understanding of it! What exactly is it that backs up its value? I'm not trying to be a smart ass. Really. I just want to know ... this is a very important part of the whole equation for crypto. Because what it is tied to in the real world, is what determines its value!! Do you get this, people who ... blindly back it out of greed and imagination (or just those that don't really know better? Me, I guess).
I saw two intelligent links on this, way worth the read. Countries seriously looking at making cryptocurrency into a legitimate form of payment and working out these valid concerns and with some regulation, which is ABSOLUTELY a good thing... for all of you anarchists out there.
The First Regulated Australian Cryptocurrency Exchange
https://steemit.com/blockchain/@mrblueberry/the-first-regulated-australian-cryptocurrency-exchangeIndian Crypto Regulation Ready By September: Official
https://steemit.com/bitcoin/@important-to-us/indian-crypto-regulation-ready-by-september-official
What I saw "before" ... when y'all arrived in early September 2017. "The Plan" included a new currency backed by silver. To basically "start" a new economy based on the old American system. What I saw was something like a $20,000 per person 'buy in' to a secure silver holding facility, something like a Fort Knox. These people, or 'parties' are capital investors, the ones who 'pay for' the silver. (Where does it come from? I have a few ideas, including funds allocated specifically for the purpose of capitalizing a new monetary system in fairness to all citizens, to start out.) Then money/currency is issued against this silver, in value. This cash in circulation is an important part of a functioning economy and there is no way we need to lose it, in favor of purely credit, electronic banking and cryptocurrency. It is my understanding that this is still part of the plan.
Maybe Bitcoin needs to somehow be aligned with the silver holdings? Like ... whatever exists electronically has to be backed up by something real. It also ties itself to the rest of the system. But I still don't get it - I mean, there may be another way ... but all the currency systems have to be tied to a central bank where value is agreed upon. THIS has been one of the BIGGEST problems the world has had in terms of international/global markets and currencies where they are all valued differently.
Again, we need to have a level playing field, for all participants.
My understanding of Steemit is, you get paid in bitcoin for the value of what you write, and that this whole place becomes a big database of writing and art which is what the value is based on. Did I repeat myself there? My confusion shows the flaws of the whole argument ... or where we are off on this, I suspect.
Uh oh. This is where these incredibly overvalued Steemit articles become a problem. I suspect that THIS is a mirror somehow of the same problem in the outter world. Just being repeated here? For example, how real estate has become so overvalued these days. Or any other "assets" that hold the world hostage with value that is only supported by an elite few.
Anyway...
I think if we can get the bugs worked out of cryptocurrency, we can make it work. However I think one thing to clearly recognize is the danger of conflict of interest regarding only one system of payment and value. I am talking about opening up our system to credible barter and trade of goods and services and even 'other' forms of standardized payment.
Moving on... more to cover.
Did you know that inflation actually helps rich people?
Knowing this, do you realize the potential of those monkeywrenching our system and how they have controlled things in their favor, or purely in favor of the elite? YES, this is conflict of interest. Which basically comes down to using a position of public trust for private gain. YES, it is illegal to do this. There are felony criminal penalties for it, when enforced.
The other question to be asking is, Does this fit in with the Mission Statement of the Constitution of the United States of America? AKA, the Preamble that basically means, quality of life for all that live within this government system?
THIS is the basis of rewriting our government, or reviewing our current system based on the Spirit of the Law. Compare all of our laws and constitutional amendments, yada yada and SEE whether or not they fit, or are in agreement with, the PURPOSE of the document (The Constitution of the United States of America) as described by the Preamble, give or take a few positive evolutionary changes. Expand the definition of quality of life granted not to just the people living within the system but all parts of the system. Yes, that means other life forms and also the environment.
Also, some serious simplification is in order!!
I digress. Or not!
One thing about our location. We have Denver!!
Yeah, so? What's so special about Denver, Colorado?
Well, among other things ...
We have a branch of the Federal Reserve and a branch of the United States Mint!! Convenient, eh? That was not an accident. Or better yet, call it a reflection. Ps. I actually have some photos of the Denver Federal Reserve that I took recently!! I just haven't downloaded them from my camera yet.
Denver City Park at dusk -
Ok. This is really important to understand. Take a breath and let it out.
The Federal Reserve itself, is NOT the enemy!!
The solution is really very simple. What needs to happen is, The Federal Reserve needs to remain in operation, regulating and monitoring our financial system and currency. Again, this is a TOOL of government. As such it serves a valuable purpose. The problems that have existed are due to conflict of interest. That is, corruption and abuse of power.
The Federal Reserve is a private corporation run by board members and shareholders who personally benefit, but it regulates these systems for the public good. We need to de-corporatize the Federal Reserve and keep it in operation. Just change it a little bit!! A slight adjustment.
It would be totally possible to replace the current Federal Reserve with a non profit branch of government under the same name and purpose, still with the idea of a governing board of directors but who would not gain privately, other than as a paid position just like congresspeople and other government representatives or even properly elected officials. Legitimate payrolls are valid expenses of non profits. These are not the same as shareholder profit and they are normally carefully defined by the structure of the non profit.
There is a LOT more to say about all of this. Stay tuned.
(Hi Q!! Love and Blessings...)
LR 7/29/2018
Related:
- Rewriting the Constitution
https://steemit.com/economics/@mymoontao/rewriting-the-constitution
Here's an interesting piece, but ... see what I mean about articles being valued inappropriately? I mean, on the "real" writer's market out there, would someone actually get paid over $1,200 for something like this???
- Thoughts on Currencies and Valuation
https://steemit.com/lif/@chbartist/thoughts-on-currencies-and-valuation
Simple reference: what does the Federal Reserve DO ...
- What is the Purpose of the Federal Reserve?
https://www.federalreserve.gov/faqs/about_12594.htm
Photo credits: Google Images, Facebook, and my private photo collection.
Yes This is really important to understand.Thanks for that so informative post
You are welcome. Thanks for commenting.
Better watch out.
https://initiativeq.com/
https://www.facebook.com/patricia.bannedagain.5/videos/179314456339310/
Executive Order 1110, new silver standard for currency!!! Via JFK
by Cedric X.
From The Final Call, Vol15, No.6, on January 17, 1996 (USA)
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America's debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America's debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, ifso, is he willing to pay the ultimate price for doing so?
http://www.sweetliberty.org/issues/eo/eo2.htm
The bright side of crypto regulations
https://steemit.com/crypto/@acesontop/the-bright-side-of-crypto-regulations
Steemit article, The bright side of crypto regulations and how those who are serious are waiting for it in order to interface with the real world.
https://steemit.com/crypto/@acesontop/the-bright-side-of-crypto-regulations