Thank you all. You make quite a trio, gentlemen. Or should I say quite a Triumvirate.
Oh gosh. (blush bluch)
So, here we sit in Rand's world of Atlas Shrugged. Post the time of gold and silver confiscation. Rand's characters still placed a high value on gold, viewed gold as the commodity of work as explained in the Money Speech. Many are collecting, buying, and hoarding gold in anticipation of the ultimate collapse and a hedge against inflation. But the reality is our dollars ceased to be backed by gold a long time ago and we converted to a debt system.
So what is to be made of the sage advice from the money speech in our current times. I am one of those folks described by Trafficant that has never, “earned real money” in my entire life.
When I worked as a bank teller in the mid-90’s every now and then someone would bring in an old Silver Certificate bill. Usually it was kids who got it from a relative for a birthday or holiday etc. Cool looking at the time with the blue ink etc. And they would deposit them into their kids savings accounts. I often wondered if they could still be taken to the Federal Reserve and be claimed for the real silver. It was one of those foolish questions I never asked at the bank...I wish I had. But the point of sharing this is to demonstrate and show how millions of Americans have no clue what real money is.
As the time is approaching and those who have hoarded away silver and gold, I wonder if Americans will be able to comprehend the silver dollar handed to them in exchange for a loaf of bread vs. the fiat(serf) dollars we've all earned all our lives? Will the American mind be able to wrap around the idea of real money?
I handle money in exchange for goods and services every day. There are times that Rand's Money Speech and Money History collide in my mind as I take and tuck those fiat dollars into my cash register. Each dollar in denominations of $1,$5,$10, $20, and the occasional $50 or $100 is servitude, is the debt of my customers, is the debt of our Nation. It is drawn on an overdrawn account in a grand scheme of economic “kiting.”
Yesterday I had a little girl, maybe 5 or 6, stop in with her Mom. As I totaled the transaction and stated the total was x dollars with tax. The little girl who was paying asked me, “What's tax?” It took all my strength from blurting out the debt we were placing on her generation, her servitude to the Nation. Instead, I looked at Mom and said, “Your Mom can explain it to you.”
The Money Speech teaches us that money holds no value to the looters of the system. It is those who produce that put the value to those pieces of paper in our wallets, savings accounts, and even in the Stock markets around the world. The dollar is not backed by the gold in Ft. Knox, but the good faith of the people of the United States. It is backed by our productivity, by our very real labor. And that labor is being devalued by the Federal Reserve, by Timothy Geithner, and finally this week we gave away our sovereignty at the G20 to the rest of the world.
Any FReepers out there hiring and paying in real gold or silver?