Fictitious Money, the Singularity and Root Cause

By: Joseph Russo | Sat, Sep 1, 2012
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Monopoly 10-Dollar Bill

If we wish ever to acquire an acceptable level of equitable harmony and justice both at home and abroad, it is essential that we maintain a keen understanding of, and a rather critical eye upon "money," which as you may know, in its fictitious form, is the singular root cause of all the world's most intractable challenges.

"In its true and honest form, money is the fruit of all freedom. In its fictitious form, it is the root of all evil."

Quite literally, we must comprehend fully from where "money" emanates, under whose monopoly charter and laws is money deemed legal tender, and from what fair weights and measures does money derive its value.

Once any society places in the hands of men, the monopoly to manufacture fictitious forms of money, it assures the wholesale abuse and absolute corruption of such societies, and inevitably, the complete destruction of all societies accepting of such flawed and self-corrupting institutions. Hence, the state of global economic and political affairs in which we all currently find ourselves alarmingly arrested, victims, and unduly burdened.

In a recent article indicting central banks as a reverse Robin Hood force that robs from the poor and gives to the rich, Charles Hugh Smith articulates well for the novice, the damage and direct individual impact inherent in granting central banks perpetual monopoly charters to manufacture fictitious money for all classes of society.

Change in Incomes 1970-2008

One possible antidote to this widespread global cancer is remarkably simple. In similar fashion to the ideals, liberties, and freedoms engendered by the clear separation of church and state in the United States, the remedy to rid the ravenous cancer of self-reinforcing corruption brought about by fictitious money monopolies, is simply to separate true and honest money from the fictitious money created by state fiat.

Thousands of years of civil consensus has rendered unequivocally, that gold and silver are the truest and most honest forms of monetary exchange. As such, any fictitious money legalized by state authority must be valued elastically in relation to the prevailing free-market values established for gold and silver.

Furthermore, to aid in completely eradicating the monopoly of corruption engendered by state charters granting special privilege for corporate entities to manufacture money, set interest rates, and to regulate credit, societies should establish only gold and silver as the universal senior sovereign legal tender. If necessary, to establish further, that gold and silver function legally as tender in concert with any state issued currency of fictitious form.

The universal law enduring through history's unequivocal and supreme judgment, decrees only gold and silver senior in perpetuity relative to all fictitious money, and that gold and silver function legally around the world as the supreme means of transaction to settle debts and payments of any type. Again, if necessary, alongside any state issued currency a society may otherwise deem appropriate to issue and accept.

Moreover, elastic rates of interest on the lending of state sponsored fictitious-currency as well as on the lending of all surplus gold and silver shall be ascertained by an incorruptible free market mechanism, which is to function independently, based solely upon the laws of supply and demand. The free-market mechanism, beyond the most sensible set of enforceable regulations to uphold a level playing field, shall otherwise maintain itself completely beyond the control of amended state sanctioned policies or statutes of any sort.

Attaining such virtuous measures of universal decree shall foster a more-perfect freedom for every individual constituting any given society across the globe. Such measures will achieve this universal ideal in constricting the fallible human tendency in succumbing to expedient solutions, which forever widen the pathway to never-ending corruption and abuse, which leads to inevitable destruction and wholesale annihilation of functioning societies.

State governments, granting unwise charters and corrosive monopolies of all sorts, will inadvertently, and most assuredly, lead their societies astray, and into existential dangers from which there is no form of escape beyond that of death and the total destruction of civilization, the sovereign nations comprising it, and their sovereign peoples constituting it.


To Succeed, we must first Strike and eradicate the Root

The existential challenges facing all of humanity rest foremost upon first correcting the fatal flaw of fictitious money, which rests in singularity at the core of its larger challenges. Failure to accomplish effectually this first-principle task of paramount importance shall leave all of humanity extraordinarily vulnerable and incapable of meeting the multitude of challenges that lie beyond.

The very last thing in the world that any society should consider is granting legal monopoly of any sort to a "global entity" by way of the United Nations or any similar non-sovereign global entity seeking to impose its will on sovereign people. Doing so simply exacerbates corruption and places such powers invincibly "above-the-law" and clear out of the reach and accountability to the people upon whom it plans to impose its global laws and agendas.

The video below provides arresting evidence as to the effect, implementation, and dire consequences of global agendas, which are taking place all around the world RIGHT NOW. If you are at all concerned with your individual rights and your nation maintaining its sovereignty, you MUST SEE and comprehend fully, the insidious future-effects embedded within the fine print of AGENDA-21.

This broad and immense agenda of totalitarianism is taking effect RIGHT NOW. If it is not stopped, it will strip every human being of his or her inalienable sovereign rights, and reduce each person to an indebted slave of an impending globalist state.

It is time for every Person of sound mind and body who rejects all forms of unjust enslavement, to Wake Up, Focus, and execute through fruition, knowledgably, lawfully, peacefully, and responsibly, their will to prevail with honor, liberty, justice, and freedom.

Adopting such a creed above all else, is the very first, and in fact, the only step toward saving the planet and all of the people brought upon it to reside and prosper harmoniously with all that existed before their miraculous and divine arrival.

 


 

Joseph Russo

Author: Joseph Russo

Joseph Russo
Chief Editor and Technical Analyst
Elliott Wave Technology

Joseph Russo

Since the dot.com bubble, 911, and the 2002 market crash, Elliott Wave Technology's mission remains the delivery of valuable solutions-based services that empower clients to execute successful trading and investment decisions in all market environments.

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating their exposure to the financial markets.

Since the official launch of his Elliott Wave Technology website in 2005, he has established an outstanding record of accomplishment, including but not limited to, ...

  • In 2005, he elicited a major long-term wealth producing nugget of guidance in suggesting strongly that members give serious consideration to apportioning 10%-20% of their net worth toward the physical acquisition of Gold (@ $400.) and Silver (@ $6.00).

  • In 2006, the (MTA) Market Technicians Association featured his article "Scaling Perceptions amid the Global Equity Boom" in their industry newsletter, "Technically Speaking."

  • On May 6 of 2007, five months prior to the market top in 2007, though still bullish at that time, he publicly warned long-term investors not to be fooled again, in "Bullish Like There's No Tomorrow."

  • On March 10 of 2008, with another 48% of downside remaining to the bottom of the great bear market of 2008-2009, in "V-for Vendetta," using the Wilshire 5000 as proxy, he publicly laid out the case for the depth and amplitude of the unfolding bear market, which marked terminal to a rather nice long-run in equity values.

  • Working extensively with EasyLanguage® programmer George Pruitt in 2010 and 2011, the author of "Building Winning Trading Systems with TradeStation," he assisted in the development of several proprietary trading systems.

  • On February 11, 2011, he publicly made available his call for a key bottom in the long bond at 117 '3/32. Within a year and half from his call, the long bond rallied in excess of 30% to new all time highs in July of 2012.

  • For the benefit of members and his general readership, he responded to widespread levels of economic and financial uncertainty in the development of Prudent Measures in 2012.

  • He publicly warned of a major top in Apple on October 26, 2012 in the very early stages of a 40% decline from its all time high.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/