I could have made that my first statement in this blog. It was my actually first intuitive thought that caused this blog to be created. I needed to explore the idea in my own way. Analyze it to arrive at a personal conviction of the best thing to do.
My thoughts have been assembled. They are solid and much more extensive than written on this blog. I am convinced. I only intended to convince myself. Mission accomplished.
Hundreds of web sites were visited and recorded in a categorized bookmark structure to assemble the raw material in the structure of my knowledge base.
Arriving at conviction is the good news. The next step is action. That is the bad news. It is not so much that it is highly unlikely that any change will be made in the USA to Asset Money but that it is much more probable that the change would be made in China.
I love my country. Served it defending the Constitution in the navy for more than twenty years. Viewed my country as a world leader for peace and freedom. I was a child of the Kennedy era.
The USA dominates the world with its money system with its dollar being the most widely held reserve currency in the world today. All of my analysis of Money has been Money-USA. That is only one country in a world full of countries having their own Money-(Country Name). There is a top class simply called Money with sub classes for each Money(Country Name). The dollar is the foremost money.
Debt money is out of control. The debt money system is a fraud and most people don't understand that they are the victims of a fraud that fails the test of reason and logic to benefit the common good. The debt money system is in fact created by bankers to benefit bankers and it has a tremendous adverse impact not the total common good including the environmentt. That is true because debt money is based on rules of scarcity. Asset Money acting as public sovereign money created by We the People for the benefit of the common good, not a special interest segment is a money system based on abundance and the use of money as a stewardship of abundance exercised by the people of the United States.
“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.”
- Wright Patman, Representative in the U.S. Congress from 1929 to his death on March 7, 1976, and Chair of the House Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. This quote is from excerpts of September 29, 1941, as reported in the Congressional Record of the House of Representatives (pages 7582-7583).
As Asset Money, the USA dollar would retain its status as the world's reserve currency. It would not only retain its status but substantially enhance it. I believe that but would require more research to be convinced of the role of USA Asset Money Dollars on the global scale.
Fundamentally: Asset Money gives. Debt Money takes. Giving beats taking. Maybe anyone that runs a system based on giving wins. Wouldn't that be novel. Asset money is merely people giving money to themselves as the entire boat rises on the tide of our national efforts. Debt money sinks our boat as the bankers drain the ocean for their own greedy benefit.
Ironically, China would would win by establishing their money as Asset Money. It would expose the USA as a Debt Money system and a bankrupt debtor nation that suffered defeat at its own hand.
Check out this video where China reads the obituary of the USA in 2030. They went on an Asset money system. We did not.
We might not have the strongest money system in the future but we now have the strongest military system spread out around the world. Considering that they defend a corporate/government system as well as the Constitution I am very concerned about the outcome.
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