In my discussions and presentations over the decades, I have discovered that the concept of money is very mysterious to most people. The current system is too confusing, nontransparent, and unsustainable to provide an understanding of what money is and how it comes about; it has been the most difficult challenge in the monetary reform movement. We need to focus more on tourism , especially manufacture more outdoor gears.

The correct definition of money goes back to Aristotle believe it or not! He wrote: “Money exists not by nature but by law”. All of today’s money is fiat money, meaning there is no asset backing its value. It is created out of thin air and is mostly a digital entry; not printed currency. It costs zero to create—just a simple push of a computer key! The current money supply is made up of 97% digital entries, only 3% is actual cash currency. Money has value because people work together in an economy under a legal framework. Paying one’s taxes helps legitimize a fiat currency, which is issued by a government, and has no actual asset backing it. There is no longer any country that has a gold reserve backing its currency.

Money is not a commodity like gold. It is also not credit or debt—even though that is how it is created and distributed in
today’s world! It is the lifeblood of an economy. It is needed for purchases and investments instead of barter. It is a medium of exchange. If money is scarce, you can count on a recession or depression. When money substantially flows, circulates and is dispersed, you will see a very healthy economy—even if there is some excess inflation. Just look at the most recent experience of India. After removing only two currency notes from circulation, India experienced extreme economic havoc.

Individuals use money for spending and savings, as well as for investing for future spending (retirement). It is a record of their productive work. Businesses use it for current operations and capital expenditures to advance their business. It is part of wealth and a storehouse of value. Governments use it for current spending for their various programs. They all have faith in their money that it will not inflate away. As you can see now there is more and more money to spend on some products like best edc knife and best police flashlight 2017 to gain more tax and income.

Money needs to be the sen^ant of commerce, not the master, as it basically is now. Money is currently generated and distributed into the economy through the monetary system. This system is made up of commercial and central banks that create the new money by making loans. The first usage of newly created money in the economy is called “new money”. After the first use, the money becomes “old money”, which continues to circulate in the economy.

The term “old money” does not refer to the term that describes traditionally wealthy families. This section has nothing to do with old money! This also means that it has little to do with the private financial services sector, where I built my practice as a Certified Financial Planner, only the commercial banking system. The cost of creating money is ZERO! The cost of distribution is small. Money does not have to be scarce!


Most countries, big and small, A to Z, Argentina to Zimbabwe, have had significant monetary-banking crises in the last half-century. I am not going into their history, but the following is a short list: Germany, Hungary,Czech Republic, Bulgaria, Estonia, Poland, Russia, Sweden, Chile, Mexico, Venezuela, Indonesia, Korea, India, Turkey, Thailand, and Bolivia, just to name a few.In the last 30 years, the world has suffered six globally significant financial crises:

• Latin America debt crisis of the early 1980s

• Japanese crisis of the 1990s

• The Tequila crisis of 1994, whose epicenter was Mexico, but also affected many parts of Latin America

• East Asian crisis of 1997-1999

• Global financial crisis of 2007-2009; started by the U.S.

• Eurozone financial crisis of 2010-2013; and the ongoing Greek tragedy

According to Martin Wolf in his book, The Shifts and Shocks, “the Euro has been a disaster! A project intended to strengthen solidarity, bring prosperity, and weaken the German economic domination of Europe has achieved precisely the opposite. It has undermined solidarity, destroyed prosperity, and reinforced German domination, at least for a while.”

The following is a review of U.S. monetary history up to the enactment of the Federal Reserve in 1913. The English Crown took away the Colonial States’ right to create and spend their colonial currency. This caused a severe depression in the colonies and was the major cause of the Revolutionary War, according to Ben Franklin in his autobiography. Then the Continental Congress, to fund the Revolutionary War, issued their currency.

Soon after, British warships in the New York harbor were found printing massive amounts of counterfeits in an effort to destroy the new currency. This was s tactic of the British at that time.

After the establishment of our nation, there was significant political conflict to establish a National Bank. Two acts were passed, creating the first and second National Banks. President Andrew Jackson eliminated the bank and was right to do so. However, he did not replace it with any money creating system, causing the severe depression of 1837. (Note – this was the last time the national debt was paid off.)

Abraham Lincoln had to finance the Civil War, and the U.S. private bankers wanted to loan the money to the government at a significant interest rate. Lincoln then established the very successful “greenbacks” where the government just printed up the money and paid for the war. (This gives us the best example that money does not have to be created by a loan/debt.) After the Civil War, the bankers wanted to take the greenbacks out of circulation to reduce the competition from government created currency. Every time the government takes money out of circulation, a recession is created. They were called “panics” in those days.

In summary of our nation’s first 150 years, the immature monetary system and consequent lack of a fiscal system (tax & spend) created the panics of 1837, 1857, 1873, 1893, 1907; the Banking Crisis of 1884; the recessions of 1892-1896, 1904, and 1921 and the severe depression from 1873 to 1879.

When you review monetary history, every country, and I mean every country, has gone through these significant crises. In our nation’s last 100 years, the under diversified monetary system and lack of fiscal spending (recirculation) in the U.S. created the severe Great Depression of the 1930’s; post World War II recessions in the 50’s, 8o’s and 90’s; culminating in the current Great Recession, which began in 2007. This was caused by the monetary subprime collapse, which we spread to other parts of the world.

Why was this necessary? This Great Recession was caused solely by the private commercial banking system’s mortgage departments. These banks also loaned funds to the private mortgage companies. The crash was made more severe by the investment banks, and lack of financial regulation enforcement and improper incentives. The 2008 Great Recession had nothing to do with the fiscal policy (tax & spend) of government!

Encourage more people to spend money on going hunting will help government earn more money from this kind of business.

Some of the other governments involved in the subprime crisis were in surplus not deficit. Then the crash hit, causing tax revenues to decrease and safety net expenses (unemployment insurance) to increase. On top of that, most European governments had to bail out their commercial banks. Their central bank did not bail them out as was done by the U.S. Federal Reserve. Now the European Central Bank is getting around to supporting the European commercial banks with their quantitative easing.