Ever since our economy got rid of gold as a foundation for money, money has been valued as a paper transaction between nations.
How else could there be such enormous amounts transferred from one country to another, daily?
How else could the enormous manufacturing process continue without the “credit” function existing?
How else could the economies of nations exist without “credit”?
How else could the credit function exist without the electronic transfer of wealth exist?
So now you see why we gave up the “gold system” and replaced it with the fiat (or paper) system.
Gold was too cumbersome!
So, enter the fiat (paper money, paper promises) system.
Now, the crooks could come in!... Now the entrepreneurs could start.
“Credit” was an “open season”!.......“Credit” was king!
No longer was a volume of gold to measure, but the total amount of “credit” (paper) could not be audited.
What a bonanza! A “bonanza” for the manipulation of a system…a world wide system!
A system without oversight! … a system that accommodated the new manufacturing process, a system that accommodated “credit”.
No longer was there a green shaded eye on the system; but nations began to apply any value it wanted to, to its existing improvements. Time attempted to sort these values out, but time was not enough. Nations began “currency” manipulations. They began to claim their values on their improvements. Soon; the world was in a mess!..... Nobody had an “oversight” system that worked. “Credits” were given, although “paper” were their backing. There was no way to control “anything”.
We had given up a reasonably controllable “gold system” for a more accommodating fiat (or paper) system….. “Credit” was still “king”. ….. “Use now and pay for it later!”……. “CREDIT”!!!
The money system does not exist!
Wednesday, January 21, 2009
#06 Personal - Who do you want to "Gamble" your money ..... the horse trainer or the Las Vegas executive?
Would you risk everything, your standard of living, your country’s economy, your children’s way of life?
Would you risk it all?
Do you even like to take a risk “all or nothing”?
Well, this is what we’ve done!
Do you want a $3to $4 trillion national deficit or a more manageable $1.5 trillion debt?
Who do you believe? …. The actual bank managers or the voices of the congress?
That’s what we “gambled” on…..
Barac believes we can handle a $3 to $4 trillion national debt. The bank mangers don’t believe America can survive. …… Want to take an “all or nothing gamble”?
With all his campaign rhetoric, Barac wants to stimulate the economy and create 3 million new jobs.
Those people who raised their hands, arms, and voices in an anointment of Barac got their wishes. Did they expect what their gonna’ get? … Did they even “think” before they acclaimed their God? …. Did they think about the consequences of their act? ….. I don’t think so!
With all this goodwill and from his back round and friends, does Barac now believe that he is the one to save us all?
Well, the older ones believe in history repeating itself. The men who mange “credit” say that although they may have goofed once or twice in the past, they can’t see giving $3trillion away in any short term …. much less auditing it, at the same time! The same crooks will be hanging around getting what they can from the government “stimulus package”. Without auditing or “overseeing” with the right people, the same things will happen again.
About that “short time”! Where do all these people come from?... the check writers, the receivers, the “oversight” gang? Does Barac see that as even possible or did he even think about it in his election speeches?
“Who” or “What” did we vote for?
Do you want actual bank managers or Las Vegas executives?
Do you want to risk every thing?
Would you risk it all?
Do you even like to take a risk “all or nothing”?
Well, this is what we’ve done!
Do you want a $3to $4 trillion national deficit or a more manageable $1.5 trillion debt?
Who do you believe? …. The actual bank managers or the voices of the congress?
That’s what we “gambled” on…..
Barac believes we can handle a $3 to $4 trillion national debt. The bank mangers don’t believe America can survive. …… Want to take an “all or nothing gamble”?
With all his campaign rhetoric, Barac wants to stimulate the economy and create 3 million new jobs.
Those people who raised their hands, arms, and voices in an anointment of Barac got their wishes. Did they expect what their gonna’ get? … Did they even “think” before they acclaimed their God? …. Did they think about the consequences of their act? ….. I don’t think so!
With all this goodwill and from his back round and friends, does Barac now believe that he is the one to save us all?
Well, the older ones believe in history repeating itself. The men who mange “credit” say that although they may have goofed once or twice in the past, they can’t see giving $3trillion away in any short term …. much less auditing it, at the same time! The same crooks will be hanging around getting what they can from the government “stimulus package”. Without auditing or “overseeing” with the right people, the same things will happen again.
About that “short time”! Where do all these people come from?... the check writers, the receivers, the “oversight” gang? Does Barac see that as even possible or did he even think about it in his election speeches?
“Who” or “What” did we vote for?
Do you want actual bank managers or Las Vegas executives?
Do you want to risk every thing?
Sunday, January 18, 2009
#05 – Personal - Latest letter to readers 1-18-09
Dear Readers,
Some of you are mystified by the numbers on my blogs. As of 2009 (the #7900 Series)(those that are written in 2009), these are numbered #1 – to the end of 2009.
The numbers #7800 refer to the blogs written in 2008.
They were given another code number depending on which of the 5 original categories they were directed towards.
The blogs that start in 2006 and go through 2800 are now in books that can be purchased for exactly what Kinko’s charges plus shipping and handling expenses.
I make no profit from these books. It is my desire to make these blog-books available to schools and other readers. Can you help me with a wider distribution?
These blogs contain the best of my thinking as I receive thoughts from T.V., the “pundits”, and the other more public “scholars.
I do hope you agree with my directions.
Very truly yours,
Bill T. (William Tishman or glfstudent@yahoo.com)
Some of you are mystified by the numbers on my blogs. As of 2009 (the #7900 Series)(those that are written in 2009), these are numbered #1 – to the end of 2009.
The numbers #7800 refer to the blogs written in 2008.
They were given another code number depending on which of the 5 original categories they were directed towards.
The blogs that start in 2006 and go through 2800 are now in books that can be purchased for exactly what Kinko’s charges plus shipping and handling expenses.
I make no profit from these books. It is my desire to make these blog-books available to schools and other readers. Can you help me with a wider distribution?
These blogs contain the best of my thinking as I receive thoughts from T.V., the “pundits”, and the other more public “scholars.
I do hope you agree with my directions.
Very truly yours,
Bill T. (William Tishman or glfstudent@yahoo.com)
#04 – Personal - Inauguaration versus “Ignore-your-Nation”
Which did you vote for?
Were you “taken in” by the election rhetoric?
Did you vote for what you believed would happen or did you think the Bush doctrine was so terrible that the country would not survive?
Do you believe that Obama’s “team” would listen to the best advice that Bush had gotten?
What, exactly, is the bush doctrine? Can you tell, now, how it differs from the Obama doctrine?
Will the wars end tomorrow or in 6 months or in 6 years? Who, but the commanders on the ground know?
Do you believe the Obama’s promises “to end the war and bring home the troops within 6 months of the inauguration”?
Do you still believe that all poverty be taken care of by the “rich” people?.... Despite the facts that there is not enough money in the world to devise a policy to do this, much less from just the “rich”…..
Did you just become aware of the awful condition of the “economy”? … The fact that with these continuing deficits and bail outs carry an interest rate that even your grandchildren will have to pay… That there is no money cure for unemployment? … That this “mythical team” lacks the brains to handle the current conditions, much less, the future conditions this country will face.
Is this an “Inauguration or a “Ignoryournation”?
Do you think that listening to the loud voices of the bitter people would lead us to more logical policies?
Do you, now, think that electoral rhetoric” was the answer?.... Did your really think the words were the solutions…or did you think at all? …. Did you wave your arms and voices of “adoration” for another celebrity….or did you think at all? …
Will the past environment, the past associations, form the way the government will draw its policies?
Does America want "change"?
Is this an “Inauguration or a “Ignoryournation”?
Were you “taken in” by the election rhetoric?
Did you vote for what you believed would happen or did you think the Bush doctrine was so terrible that the country would not survive?
Do you believe that Obama’s “team” would listen to the best advice that Bush had gotten?
What, exactly, is the bush doctrine? Can you tell, now, how it differs from the Obama doctrine?
Will the wars end tomorrow or in 6 months or in 6 years? Who, but the commanders on the ground know?
Do you believe the Obama’s promises “to end the war and bring home the troops within 6 months of the inauguration”?
Do you still believe that all poverty be taken care of by the “rich” people?.... Despite the facts that there is not enough money in the world to devise a policy to do this, much less from just the “rich”…..
Did you just become aware of the awful condition of the “economy”? … The fact that with these continuing deficits and bail outs carry an interest rate that even your grandchildren will have to pay… That there is no money cure for unemployment? … That this “mythical team” lacks the brains to handle the current conditions, much less, the future conditions this country will face.
Is this an “Inauguration or a “Ignoryournation”?
Do you think that listening to the loud voices of the bitter people would lead us to more logical policies?
Do you, now, think that electoral rhetoric” was the answer?.... Did your really think the words were the solutions…or did you think at all? …. Did you wave your arms and voices of “adoration” for another celebrity….or did you think at all? …
Will the past environment, the past associations, form the way the government will draw its policies?
Does America want "change"?
Is this an “Inauguration or a “Ignoryournation”?
Friday, January 9, 2009
#01 - Personal - How to handle your “retirement”!
"Retirement” is a myth!
The American people have been lied too.
“America” has always held that the goal of the worker has been permanent “Retirement”!
It has never said what “retirement” means.
Can there be a “Retirement Policy”?
This “myth” affect all generations...those that are young …those that are still working….those that are thinking about retirement!
The government stresses “retirement” without knowing what it’s all about!
Are you sure there is a “retirement” policy?
Is a “retirement” policy something that everyone has ?
What do people do where there is no retirement policy?
What do you do with a retirement policy?
These are important questions that need answers.
What do you do in retirement? How does your life change? Is this a matter of money…only? Suppose you have extra time….what do you fill it with? With whom do you want to spend more time? How much more time and what do you want from this extra time?
How do you handle the so-called “Retirement Policy”?.... (if any?)
Are you thinking about all those things that you can buy? … (Why?)
Are you thinking about all those places you are going to visit? … (Why?)
Are you thinking about all you can do for the grandchildren?
Are you thinking about all you can do for yourself?
What actually is “retirement”?
Do you actually live to “retire”?
Does everyone have a different idea about “retirement”?
Suppose you don’t have to work in that awful job, suppose that you want to see your wife more, suppose you want to see your kids more, suppose you want to live in a house that’s bigger? Does this amount mean you are now living “in envy, in frustration”?
Do what you have to do, so you can choose what you want to do!
Well, what to do?
Live with an answer to these questions. Be satisfied with what you are doing, knowing that things will turn out better. Don’t live a life of waiting, of frustration, of envy”!
All the things you want now will come when you are ready! If your lifestyle is such that you are not ready, “worry” will only make it worse. It will not answer a thing.
Try to answer some of these questions. Try them on your best friend, your wife, your college age kids.
Try them while you still need the answers!..... Try them while you still have the time!
Or have you just “retired”?........ (The “myth” says it will answer all your questions.)
The American people have been lied too.
“America” has always held that the goal of the worker has been permanent “Retirement”!
It has never said what “retirement” means.
Can there be a “Retirement Policy”?
This “myth” affect all generations...those that are young …those that are still working….those that are thinking about retirement!
The government stresses “retirement” without knowing what it’s all about!
Are you sure there is a “retirement” policy?
Is a “retirement” policy something that everyone has ?
What do people do where there is no retirement policy?
What do you do with a retirement policy?
These are important questions that need answers.
What do you do in retirement? How does your life change? Is this a matter of money…only? Suppose you have extra time….what do you fill it with? With whom do you want to spend more time? How much more time and what do you want from this extra time?
How do you handle the so-called “Retirement Policy”?.... (if any?)
Are you thinking about all those things that you can buy? … (Why?)
Are you thinking about all those places you are going to visit? … (Why?)
Are you thinking about all you can do for the grandchildren?
Are you thinking about all you can do for yourself?
What actually is “retirement”?
Do you actually live to “retire”?
Does everyone have a different idea about “retirement”?
Suppose you don’t have to work in that awful job, suppose that you want to see your wife more, suppose you want to see your kids more, suppose you want to live in a house that’s bigger? Does this amount mean you are now living “in envy, in frustration”?
Do what you have to do, so you can choose what you want to do!
Well, what to do?
Live with an answer to these questions. Be satisfied with what you are doing, knowing that things will turn out better. Don’t live a life of waiting, of frustration, of envy”!
All the things you want now will come when you are ready! If your lifestyle is such that you are not ready, “worry” will only make it worse. It will not answer a thing.
Try to answer some of these questions. Try them on your best friend, your wife, your college age kids.
Try them while you still need the answers!..... Try them while you still have the time!
Or have you just “retired”?........ (The “myth” says it will answer all your questions.)
#02 - Personal - What makes you believe you can’t lose?
Do the “words” of a person prevent you from loss?
If a stranger says “you can’t lose on this deal”, do you accept his say-so?
If a stranger says “this house will increase in value 10% to 15% per year, do you take this as a fact?
What makes you believe you can’t lose?
You must have signed a “loan document” that says you will pay back the loan amount you borrowed for the house or car or furniture, or etc. along with the interest on the money you borrowed. This “loan document” also describes the collateral for the loan (i.e. the house, address etc., the type of car, its year, its VIN number, etc.) and the fact that you are willing to give up the ownership of the collateral if you don’t pay back the loan plus interest. Some document that you already signed is significant that a loan was granted.
Seeing this as a growing business, some groups of entrepreneurs joined the “business” of “loaning money”. They took these loans and made them into securities and resold them to another financial institution . (the so-called Mortgage Backed Securities) They were sold and re-sold. After all, you could buy a “collateralized loan”, at an interest rate, without the expense of grouping these loans.
You could do this until after you figured it out, that a portion of these loans would go bad, and , depending on your judgment; all you need to do was have enough money in reserve for those few loans. Since the market was supposedly “going up” what was there to lose?
But the market didn’t keep “going up” and more than a few loans became abandoned. Soon, there wasn’t enough money in reserve to pay for the “abandon loans”. So, some banks were unable to pay back. They went broke. Then some people couldn’t pay back their loans. They went broke. So, the people next store didn’t want to live in a neighborhood filled with boarded up houses, unkempt lawns, etc. so they put their house up for sale. But, nobody else wanted to live in such a run down neighborhood so they couldn’t sell at any price. So, they went broke. The restaurants and bars and stores, who had all these regular customers, no longer could depend on these customers coming in; so they closed up shop and went broke. Employment went down in these neighborhoods. So. With less consumers, they went broke.
What makes you believe you can’t lose?
That is the situation we’re in now. What is the way a lawyer, a bank teller, a butcher, a baker, etc. can be made to work on a bridge? Suppose the existing laws are such that the highest wages in the section of the country, the prevailing union wages, must be paid on all government projects; who is going to afford $40.00 per hour for a signal men to say “stop and go” for a highway construction. Who can afford this?
Will a bank teller take this kind of work?
What or how will money create 3 million jobs…. Is this possible?
But we were promised!.... Did we listen to just the words?
What else do we do?.... “But my team” will find the way! …. Have we created a monster?
Can America survive? …..We can and we must!
If a stranger says “you can’t lose on this deal”, do you accept his say-so?
If a stranger says “this house will increase in value 10% to 15% per year, do you take this as a fact?
What makes you believe you can’t lose?
You must have signed a “loan document” that says you will pay back the loan amount you borrowed for the house or car or furniture, or etc. along with the interest on the money you borrowed. This “loan document” also describes the collateral for the loan (i.e. the house, address etc., the type of car, its year, its VIN number, etc.) and the fact that you are willing to give up the ownership of the collateral if you don’t pay back the loan plus interest. Some document that you already signed is significant that a loan was granted.
Seeing this as a growing business, some groups of entrepreneurs joined the “business” of “loaning money”. They took these loans and made them into securities and resold them to another financial institution . (the so-called Mortgage Backed Securities) They were sold and re-sold. After all, you could buy a “collateralized loan”, at an interest rate, without the expense of grouping these loans.
You could do this until after you figured it out, that a portion of these loans would go bad, and , depending on your judgment; all you need to do was have enough money in reserve for those few loans. Since the market was supposedly “going up” what was there to lose?
But the market didn’t keep “going up” and more than a few loans became abandoned. Soon, there wasn’t enough money in reserve to pay for the “abandon loans”. So, some banks were unable to pay back. They went broke. Then some people couldn’t pay back their loans. They went broke. So, the people next store didn’t want to live in a neighborhood filled with boarded up houses, unkempt lawns, etc. so they put their house up for sale. But, nobody else wanted to live in such a run down neighborhood so they couldn’t sell at any price. So, they went broke. The restaurants and bars and stores, who had all these regular customers, no longer could depend on these customers coming in; so they closed up shop and went broke. Employment went down in these neighborhoods. So. With less consumers, they went broke.
What makes you believe you can’t lose?
That is the situation we’re in now. What is the way a lawyer, a bank teller, a butcher, a baker, etc. can be made to work on a bridge? Suppose the existing laws are such that the highest wages in the section of the country, the prevailing union wages, must be paid on all government projects; who is going to afford $40.00 per hour for a signal men to say “stop and go” for a highway construction. Who can afford this?
Will a bank teller take this kind of work?
What or how will money create 3 million jobs…. Is this possible?
But we were promised!.... Did we listen to just the words?
What else do we do?.... “But my team” will find the way! …. Have we created a monster?
Can America survive? …..We can and we must!
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