worthless paper, like ours

How Much
Is Your
Money Worth?

Copyright © 2007
by Lin Stone
All Rights Reserved

When U.N. official Jan Egeland reproved "the rich countries" for stingy donations to relieve the 2004 disaster in the Indian Ocean, the U.S. ponied up another $20 million to make a total donation of $35 million. That pathetic effort to be still counted amongst "the rich countries" of the world -- fell flat.  Even the little country of Spain gave more. 

We need to face facts.
America is no longer rich; 
Its biggest claim to monetary fame today is 
that America now owes Communist China 
more money than any other nation on earth..
Last year alone, we came out owing Red China $232.5 billion more than we could pay or exchange goods for.

***

  A Foreword From The Author 

As you begin reading this essay, please resist the temptation to think you  "know" where I am headed with this.  These are my words and MY ideas, not some empty phrases pitched up from op-eds published in the newspaper.  My message here about money is written for generations yet to come when these truths will be self-evident, a time when the future American housewife needs a mark on her forehead to buy her bread and a wheelbarrow to haul her money to market in so she can bring home a dozen eggs for her starving children.

"Money is better than poverty, if only for financial reasons."  Woody Allen

Clear the Slate
on the
Constitution

Everyone in the world admits our Constitution is one of the most remarkable documents ever written by the hand of man.  Wouldn't it be wonderful if we cleared the slate of all the "IMPROVEMENTS" made to that document and start over again with a clean bill of health.  Remove all the precedents that have crept in, eliminate the favoritisms of the intervening past and refresh only what we actually need in the way of laws, codes and self governing codicils.  The nation will be far better off for it.

***

Is your money SAFE in the bank?  Miracles happen daily inside banks, but so does sleight of hand.

The Typology of Financial Scandals.  Can you recognize a scam?

***

Hi Marleen:  This sounds exciting and in these perilous times I really do want to earn more money
from home   I don't want to sew anything and I don't want to bake anything.
If you can swing that, My name is:   .
My Email address is:  
I live in the state of   and my phone number is:

The current tax code is a labyrinth of over nine million pages of
indecipherable jargon only a federal bureaucrat could fully appreciate.
So is there anything we can do about this monstrosity?  You bet.
Click HERE and read about the Fair Tax Revolution.  

Golden Rules For Making Money by P. T. BarnumIn the United States,
where we have more land than people, it is not at all difficult for persons
in good health to make money. In this comparatively new field there are
so many avenues of success open, so many vocations which are not
crowded, that any person of either sex who is willing, at least for the time
being, to engage in any respectable occupation that offers, may find
lucrative employment.  

How much WAS
our money worth?

An estimate by James R. Rawl indicates that there were 650 whaling vessels grossing 193,000 tons and manned by 16,000 officers and men active in the sperm oil industry just before the American Revolutionary War.

To equip the 650 whalers for just one voyage required an aggregate of

100,000 barrels of flour at six dollars a barrel,
32,500 barrels of corn at 70 cents a barrel.
6,500 bushels of beans at one dollar and twenty five cents,
1,300,000 pounds of tobacco at eleven cents a pound,
65,000 bushels of potatoes at thirty five cents a bushel,
650,000 pounds of rice at three cents a bushel,
325,000 pounds of cheese at eight cents a pound,
325,000 pounds of butter at seventeen cents a pound,
3,900 barrels of vinegar, averaging three dollars a barrel,
404,000 pounds of sugar worth around eight cents a pound,
404,000 pounds of coffee at ten cents a pound.

Have prices gone up any in your neighborhood?

Anything worth saving your money for
is worth buying now.

The Outstanding Public Debt as of 11 Jan 2005 at 09:38:45 PM GMT is:
$7,603,373,296,756.63
The estimated population of the United States is 295,297,295
so each citizen's share of this debt is:
$25,748.20
.

The National Debt has continued to increase an average of:
$2.17 billion per day since September 30, 2004!

Next month, the United States will pay $208 billion in interest alone on the National Debt. That is just the interest. Interest buys us nothing, stops nothing, does nothing. It doesn't buy levees.  It doesn't build highways.  It doesn't stop bullets.  It won't even make bread rise. The only thing interest does is roll the debt over so the other side will be exposed.
.

Who's Kidding You?

Even while the United States donated $20 million for disaster relief to the Indian Ocean area, it was begging its northern neighbor for financial assistance.  Canada has been subsidizing prescription drugs for impoverished American citizens for more than a decade now.  Common sense says Canada cannot continue to provide this largesse.  The tax-paying population of Canada is only 1/10 the size of that in the United States, and yet, YES, U.S. officials had been openly advocating the importation of prescription drugs from Canada to solve a part of its financial woes.  Now the U.S. is publicly borrowing money from Red China.

Remember when gas was only 25-cents a gallon? You could take a dollar down to the gas station and buy four gallons for a buck! At that time our dollar was backed by REAL money, real silver. Guess what? That same amount of silver still buys four gallons of gas! That just shows that real money -- like gold and silver -- holds its value and it is the green stuff that Congress fobs off on you that is now worth a lot less.

  To confuse the investigators of this theft, plans are now underfoot to mingle our quasi-currency with that queasy-currency of Mexico in a hybrid to be known as the "Amero." 

People have been squabbling over the nature and cause of inflation since time began. 

What is it?

Inflation isn't something that "just happens" to the economy; it is something our rulers and governments do to the economy. 

Adam Smith, author of the still much studied book The Wealth of Nations, says that historically "the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins." 

He then mentions that the English coins (at that time) were only worth 1/3 what they had been, and that the French government had reduced theirs to 1/66 of its original value, all in order that the rulers could pay off their debts with money worth far less than it had been when they got it.

Compared to just fifty years ago, right now all the money you have is worthless.

 

The History of Gold, as Money  Gold is one of the most dynamic elements of the modern economy and some might find it funny that the oldest form of valuing physical commodities is still thriving today. The first gold coins were produced in 700 BC and since then the precious metal has been used as the primary exchange element. 

The One Dollar Bill reveals what the dollar was meant to be backed up with.

The IMF  

***

Have you read these books?

The End of Laissez-Faire : National Purpose and the Economy After the Cold War  

History of U.S. Economy Since World War II  Many of the selections are by eminent figures in the field, and were written over a period of almost 50 years. The 105 selections are arranged in 10 parts: the economy at mid-century; highlights of change if the postwar era; changes in the structure of the economy; the evolution of the business sector; the labor force and labor organization; changing material conditions and the quality of life; government growth and government as manager; the financial superstructure, prices, and monetary policy; the foreign balance and foreign economic policy; and the long stagnation.  

How To Give Money Away Creatively

Once upon a time, government budgets were balanced, our money was sound, the streets were safe, and taxes imposed by all levels of government took less than 10% of our income. -- Harry Browne

Why have we let politicians improve matters so much that all of us are enslaved?

Simple Loan Calculator - Only three inputs, loan amount, interest and length of loan, calculates the monthly payment for any type of fixed payment, fixed period amortized loan (mortgage, car loan, etc).

If we went back to the year 1775 and let today's politicians be judged according to those standards existent then, 80% of them would be hung on the spot -- and the rest hounded out of the country because they were torries.

Your Money is not backed up by gold.

It is not backed up by silver.

The only thing backing your money up is inflation.  Inflation has your dollar backed up to the wall.

In our own recent past, even before Interstate highways, modern factories and the miracle advances of super electronics were on the scene, merchants, suppliers and manufacturers could all make a profit on a pair of pants which sold retail for one dollar. And there was NO sales tax for customers to fork over. 
Today the same kind of pants sell for $30 a pair.
"But wait a minute," you say. "That isn't the same money. Some people were working for 10 cents an hour back then, today they won't work for less than $4.25."

Hey, great. You're smart enough to count up the difference.  Now that your brain is functioning, let's do some more counting:  At 10 cents an hour it took 10 hours of work by the common back to buy a pair of pants in 1900, with no taxes to fiddle with.
At $4.25 an hour you'd still be working a whole 7.06 hours for that pair of pants.
I know -- you are impatiently frowning at my ignorance already, but we're not through counting yet.
From that $4.25 per hour, because of increased taxes, you only get to use $2.89 for spending purposes.  Therefore, in actual spendable income, when you revalue today's buck so you can compare it with yesterday's dollar you are only earning $0.096 an hour. That means that today's common laborer is earning less than the general laborer of 1900. 

Okay, Okay. I'll concede that today's pants do look better on women -- if you will concede that if I had added in the up to 14% of sales taxes some retailers collect on that $30 pair of pants to our figures here that the year 2000 workers would be even worse off.

This is the greatest truth of financial health:  You either set money aside before the lean years come, or you will hock your soul to the devil when they arrive..  Congress has ignored that truth and financed its friends in savings and loans institutions, etc., with OUR money as if money grew on trees. The rich investors are on a protective welfare system; the poor are demanding that their "needs" be met.  Where does this leave the common man?  I'll tell you where it leaves the common man, footing the bill.

In the latest home investment fiasco Senora Clinton, a first term New York Senator, said the Federal Housing Administration should stand ready to buy, restructure and resell failed mortgages to strengthen the ailing economy.

"Just as it has in the past, this kind of temporary measure by the government could give our economy the boost it needs and families the help they need," Clinton said in a speech in Philadelphia.

Whose economy will be helped by measures like this? 
  1. The Bankers love the idea because all their risk has been subsidized; they won't have lost one yuan over this deal.
  2. The buyers won't lose any money so long as they hang on and cry piteously
  3. The high-level group of economic experts won't be overwhelmed with distress either because they have every intention to charge Big Bucks to produce relief to soiled economies.  Senhora Clinton proposes this one be led by former Federal Reserve Chairmen Alan Greenspan and Paul Volcker and former Treasury Secretary Robert Rubin.  Do YOU associate these names with solid economic relief?
  4. The Mainland Chinese are happy because -- to keep its economy from tottering -- the U.S.  will again be borrowing more money from China


First Term Senator Clinton rushes on to reassure us: "It would not require a single new government bureaucracy, and would be designed to be self-financing over time -- so it would cost taxpayers nothing in the long run," she said.

With her eyes gleaming brightly in the limelight, Clinton said she would propose legislation to provide mortgage companies with protection against the threat of lawsuits from investors who have bought the loans.

Why? "Many mortgage companies are reluctant to help families restructure their mortgages because they're afraid of being sued by the investment banks, the private equity firms and others who actually own the mortgage papers," she said.

 
  • The Inflation calculator works for the years 1800 through 2000.
  • What's a Million? Let's see how long it takes you to reach a financial goal, say a million dollars, but then let's see how much that will be worth then!.
  • Calculate your AMT Tax (Alternative Minimum Tax!). With too many exemptions you may have to recalculate your income tax!
  • Here's a simple little JavaScript calculator that shows you the after tax interest rate of your mortgage. It also shows the after-tax return on your investment income. Taxes do weird things to rates!
  • Compound It! This simple JavaScript does a monthly compounding on a fixed balance as well as contributions.

Leave A Legacy: Be Your Own Banker! Money you are already spending can make you rich,  provide a stable income over your whole lifetime, and still leave millions of dollars for your heirs.    

Simple Savings Calculator - Give a beginning balance and a monthly deposit, then watch you money grow, or grovel!

Tuition Savings Calculator - You're  going to have another child! That means one more body to send to college! Let's see how much it will cost...

***

Americans pay in US$. If you want their money, ask for it in US$.  Mark Sandquist


Up to 14% of your money goes just to pay sales tax.
THERE  are now well over 3,000 different  taxing entities in the U.S. Can you imagine how much money is paid out JUST for collecting, tracking and processing the money that is collected? 
Now imagine another army of politicians working night and day to justify their job of ruining friends and influencing elections with what's left after paying themselves "a decent wage."  Which reminds me, have you looked lately at what
they think is a decent wage for themselves?

In order to help U.S. employers compete with other nations Congress has relentlessly encouraged the infiltration of our country by illegal aliens who will work for peanuts while "industry experts" disparage American workers for refusing to work for less than they could earn on welfare.  In other words, The same Congress destroying our monetary base is inviting criminals into our country while holding up the flow of those potential immigrants who give every indication they would be more than willing to obey our laws.  Whose side is Congress on?  Why is the President straddling the fence instead of saving the country from financial ruin?

In short, the only reason that people are living better today is the effect of the great technological advances that business and science (not the government) have made -- more efficient cars, better roads, better fuel, the super sergers and of course -- that great miracle of electronics, et al.
.
Back when the common back earned $1.00 per hour by the sweat of its brow gas was selling for fifty cents a gallon.  Now that most American backs are earning at least $6.00 per hour it is only natural that the price of gas should rise to $3.00 per gallon.  Considering the quality of our newest fuels, the price has actually gone down quite a bit.

While none of us likes the newest price of fuel, let's remember that none of us were happy with fifty cents a gallon either.

However, the only reason we are not 10 times as far ahead is that we've been letting the lawyers heading up our government corrupt the value of our money through inflation. Indeed, if we had not let the government monkey with our money, if the value of each denomination of our currency had remained fixed, we would be far better off because hopefully, we would have resisted such outright robbery of our resources.

There wasn't enough taxes to fiddle with at 10 cents an hour at the turn of the 20th century. Even as late as 1942 sales taxes were still only 1/10th of a cent.  Today the average wage earner is paying 31.2% in taxes on every dollar earned, according to the Wall Street Journal.  From 1800 until 1942 the value of money remained relatively stable.  From 1942 until 2000 your one dollar bill literally became worth ten cents.  How much is it worth today with ANOTHER 691,000 American jobs going overseas this year?

Every time wages go up, taxes increase faster than a speeding 1040 EZ.  As recently as 1950, all the individual income taxes collected by the Feds only came to $17 billion.
With a population of 150 million, that means that every man, woman and child in the U.S. would have been paying an equal share of $113 per person. Just 38 years later the Feds collected about $400 billion in individual income taxes from a population of 250 million. That means that our equal share came to 14.159292 times as much, or $1,600 each. 

I ask you this question: Why then aren't workers earning 14.159292 times as much as they did in 1950?

Remember too, during this same period states sales taxes have gone up an average of 70X -- from 1/10 of a cent on the dollar to 7 cents on the dollar.  Yes, I know many more than one state has 14% going for them, but that is just letting us know what the future will taste like, let's continue.

  Has the price of license plates gone up? 
        Are you now contributing more to that social security fund that's always "going broke" --  until they need to borrow money from it.
          Have property taxes risen slightly?
                  Are you paying more than fifty cents a gallon for gas?

If you ran out of gas on a trip when I was a kid you could leave your spare tire and get enough gas to get home on.  Today you can't even leave your car for enough gas to get home on!

When millions of illegal aliens invaded America
Congress said it was okay for them to break the law
because there were so many of them.
Would Congress quit taxing our income if
a few million tax payers decide enough is enough?

Okay, I have proven my point.  Next,

The Minimum Wage Myth
The easiest way to pry more of our money from our pockets was to persuade us we had more money for them to steal, therefore Presidents and Congress keep shouting about raising the minimum wage as if that were going to help us poor people get over what they are doing to us.

Raising the minimum wage is is the same thing the French did when they removed the tax on salt because rebellion was imminent, and then added double taxes on sugar or something else.  Are we going to go home and wait for a Napoleon dictator to take over our county -- like the French did?

When the minimum wage is raised we get a check with bigger numbers on it for the work we do.  Then we pay more taxes because we have more wages.  This lets the government spend more.  What we end up with is we have less than ever, and have to work harder to catch up again.

Some bar room economists will immediately point out that lowering our taxes will take at least a year to show up as savings.  Like most theories that rise up through a smoke-filled bar room, that isn't true.  Most Americans have their taxes removed in advance from every pay check they get.  Lower the tax rate NOW and you will see an immediate impact in your next pay check.

Here's the real trap of raising the minimum wage to artificially compensate for inflation.  
Any time our wages go up
we naturally pay more taxes. 
That's because we have MORE money to tax.
If you get bumped into the next tax bracket
then your taxes REALLY go up, don't they?  

On top of that, every time wages go up now,
politicians insist that the millage at which all
of our taxes are collected must go up as well
because THEY just can't cope with less.  

If that is true, then why do they expect US 
to cope with less?

Stop the Sham!

We don't need higher wages.  If the government REALLY wanted to help us cope financially there is only one thing that really works:

They can REALLY Lower our taxes.

It now takes TWO wage earners per family where one working used to be enough to keep body and soul together.  Even worse, instead of solid money, we are paid off with money subject to constant theft by the inflation caused by these very politicians that promised us the moon.

Not only are we being taxed --- that dollar earned today will only buy 92 cents worth of goodies tomorrow, and 80 cents by year's end. Before the decade is gone, it won't be worth a plugged nickel -- leaving us to scramble for our own old age security.

Meanwhile, governors and mayors
all across the land 
are slashing taxes for 
and making loans to 
foreign companies in order to induce them to bring their management system in for us to suffer under. Newspapers herald such events with huge banners screaming:

CHRISTMAS 
COMES EARLY
For Our Community

Well, for goodness sakes,
if these foreigners are so much smarter
than we are then it is high time for US to:

import some foreign politicians!

There is no denying the progress we have made lately: The mail runs almost as fast today as it did in 1900: And, we only have twice as many people going hungry now as then, too. People with a genuine ostrich mentality will insist on pointing out there are televisions today, computers, and paved roads from one end of the country to the other, not to mention hundreds of other wonders, like the web.

Well, my thought is: If the lawyers and politicians had left our money alone, all these improvements and increased productivity would have created so much wealth in the United States that the whole world could not hold it!

All the progress we have ever made over the past two centuries can be traced to giving the common man more opportunity to gain wealth. 

Opportunities to create wealth is the only thing man needs for progress to be made.  Millionaire entrepreneurs are not essential.

Provide enough opportunity and God will provide enough opportunists.

If we just multiply the number of people who can make improvements we will subsequently multiply the number of improvements being made.

The more hope there is to get ahead,
the more wealth any nation will create.

However, when the little guy on the street believes there is no use to go on with his honest hustling then progress comes to a halt and the crack dealers proliferate.

Nothing generates enthusiasm like seeing genuine hope instead of tricky promises. With more money out there to grab, more people will be hustling to get a bigger share. Even those whose ventures fail will be throwing money back into the system at the grass roots where it is needed. Those whose ventures succeed will be creating more wealth at the ground level by working more efficiently than ever before, which is the very foundation of our national wealth.

Henry Ford perfected the process of deliberately putting more money into the hands of common laborers. Suddenly, the best people anywhere wanted to work for Ford.

This galvanized his entire operation.
By paying more real money, Henry Ford got better help.
By getting better help he reduced prices.
By reducing prices he made more sales.
That meant that more people could be hired and there was more money to spend on improvements.
It also meant that other manufacturers had to pay their good workers more, because if they didn't they would lose their best ones to Henry Ford. 
More importantly, it gave common people money to spend right where it did the economy the most good.  Unfortunately, when the government saw that workers were earning more, politicians began wanting more than their share.

There are three basic ways for the government to get more money from us:
take it away by raising taxes,

borrow it directly from us,
print more paper without backing it up. 

Our government did all three, then did it again, and again, and again.
Each time there was a plausible excuse for the "necessity".
Each time, workers ended up with less left in their pockets.

This isn't anything new.  It has been going on since long before William the Conqueror was a little baby.

If our money had at least been founded on something of solid, substantial value, it would have taken much longer for our pockets to come up plumb empty while Congress is voting themselves yet another pay raise and inexplicably experiencing a dramatic increase in the fortunes of their family and friends at the same time. To stop this travesty of justice, our monetary system must be founded on a commodity whose value never changes; and we must cast our tax structure in concrete so that it never rises.

*

When the value of our money is always the same, then the price of everything else will always reflect the precise value of that product or service to our society at that time. Consequently, the true value of the gross national product our country is able to produce will only rise and fall in the absolute terms of genuine wealth, never in false hopes or glittering promises.

Gold won't work.
Nor will silver.

When gold was our standard, Fort Knox was flooded with 
the stuff and it wasn't even earning interest.  
(All the gold we do have left there now is in hock.)

Keeping our gold bricks in a dungeon
didn't keep the dragon on a leash.
Our gold was just sitting there useless when it could have been working to make us more wealth.
Where is the sense of that?

In 1964 William Morrow & Company published a book by Frank O'Rourke titled Instant Gold.  It asks the question, what would happen if gold could be produced cheaply, easily, and instantly? The book is still worth reading today.

A guy named Alfred Lawson came up with the Direct Credits idea of backing up our money with property. That was a better idea, but just by changing the price of our property, government would have been able to cheat us out of more and more money. Basing our money on some imaginary GNP is just as unwieldy, and not to mention being subject to political fraud.

*

When you think about it--
The only commodity on earth
whose value never changes
is time.

Centuries ago, in the still widely studied book The Wealth of Nations, Adam Smith makes these shrewd observations:  "The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it."

He added:  "By the quantities of labor we can, with the greatest accuracy estimate it (the real value) both from century to century and year to year."  
As he so ably points out,
this cannot be done with any other substance on earth!

Within an earthly frame of reference,
time never changes.

Therefore, if we anchor
the value of our dollars
to units of time
then our economy is locked into reality.

To begin anchoring
our money to time
all we have to do
is make the value of one dollar
equal one hour of time
at work.

One of our hours of time would equal one dollar.

If every dollar you earn today is worth one hour of time
then every dollar will still be worth one whole dollar
even one hundred (or one thousand) years from now.
It will still be worth one hour of time.

Each one of us has 24 hours of time allotted to us each day.
No one has any more than that.
None of us receives any less.
We are all equal in this respect.

Through diligence, leverage, practice, training, education, efficiency, planning, or strength each of us has the opportunity to make the results of our time invested in work be of more value than the results of time at work invested by those around us do.

That is immaterial to the equation.
Time has not been stretched, or altered.
We still only have the same 24 hours others receive.

So, let one hour of time at work equal one dollar.
Let one dollar be worth one hour of time at work.

Obviously, if one dollar is to be worth one hour of time then
someone must be willing to provide one hour of work for that dollar.

There are those who (forgetting the all too recent past) will claim that one dollar an hour is too little to work for.  That idea comes from looking at one of the paper dollars in our midst today, which won't even buy half a loaf of good bread.

However, just as a pair of pants was only $1.00 when wages were 10 cents an hour, if one dollar is worth one whole hour of work, then it necessarily follows that one dollar will then be worth enough to purchase all the bread one hour of work will now produce.

After the conversion happens all of our numerical prices will rearrange themselves to fit the new value of our currency.  

Better yet, as the results of our labor improve, the purchasing power of our money will increase.

*

The question comes to mind, why not make one hour of time worth $10 so that it looks like we're earning more now than we are. 

That would be great, psychologically.
Unfortunately it would also strain the value of the coins we have to manufacture.  If our wages are one dollar an hour then a penny made of copper would cost far less than a penny to make.  At $10 an hour a penny made of copper would cost us far more than a penny to make.  We must save our pennies to keep Benjamin Franklin happy.

This will accomplish two important goals.
#1, it will insure that the elderly and the poor
can always get work done for them inexpensively.
#2, it will guarantee that prices for wages, goods and services
are always quickly stabilized in spite of swings caused by fluctuating supplies and demands.

General, common wages cannot go up excessively because people can have their money redeemed at one hour per dollar at any time. Our wages cannot fall below $1.00 per hour because the dollar is redeemed with labor. With our wages stabilized along with expenses, vendors will be compelled to maintain lower prices in order to remain competitive.

Consequently the bargains you see will be real bargains.

With this done, our money now has a solid redemption value which we can depend upon throughout our lives. A dollar earned in our youth cannot lose its value before our retirement. And if by our diligence, intelligence, wisdom, leverage, planning or training we have gathered more than those around us, then we shall reap more abundantly than they in our golden years. Inflation shall not rob us because inflation has been stopped dead in its tracks.

Naturally, each generic dollar is only worth one hour of general labor. It cannot therefore be redeemed for an hour of time from any specific person. Nor can it even be redeemed for the labor of a specific skill category. Since the dollar you own is generic, the laborer performing the redemption must be selected by chance.

This is in the redemptive sense only. The redemption of our currency is only desirable when its value is perceived as greater than available through normal spending habits. You can SPEND your money with anyone, or anywhere; it can only be REDEEMED 
from a labor pool selected by chance.

This precaution insures that there can never be an over abundance of currency put into circulation on us. And that in times of expansion the economy can be supplied with enough currency to fulfill the measure of its purpose. It therefore follows that to 
obtain that pool of labor a continuous supply of laborers must be generated.

This is done by a citizen conscription.
Anyone wishing to obtain citizenship shall, besides the requirements already made for naturalized citizens, be required to provide One Hundred Hours of their time to the labor pool. Only by freely providing these hours can anyone become a citizen.

As each call for a redemption comes in, the next person on the list goes out, even if the grease trap needs cleaning or a yard raked. No more than 8 hours a day would be required of anyone at a time. When not on call, people in the pool could work anywhere else. However, their citizenship cannot become operative until all one hundred hours have been submitted.

Only those who value citizenship will put forth the effort to become citizens, thus ensuring a better class of voter. As their desire to become citizens is the power which provides the value of our currency, hard working new citizens will be welcomed.  To make citizenship even more meaningful, only full citizens can own real estate, vote, hold public office, or possess firearms.

Once their price for citizenship has been paid, any citizen may return to the labor pool at the head of the line for as long as necessary to sustain themselves until able to earn a living elsewhere, only now they KEEP every dollar they earn, and the Treasury does not get a cent.

In other words, when the job market shrinks those people who are already citizens will have the privilege of securing what work is available at the lowest rung of the labor ladder, IF they need to. This is the safety net which insures there need be no homeless or financially helpless.

As long as there is money wanting to be redeemed then citizens will have the opportunity to work. When prosperity is growing, jobs will be plentiful and new citizens welcomed to keep enough money in circulation and inflation down -- Supply, and demand.

Once you obtain talents, skills, or resources which enable you to command better pay than $1.00 per hour then you are encouraged to do so.
And those people good enough to start and maintain their own business shall have that privilege jealously guarded. In the great spectrum of labor, each band shall be regulated according to the skill values set from within their own ranks. Like the guilds of old, each band of the spectrum shall establish their own standards of performance, anyone meeting those standards cannot be denied membership.

While anyone can change guilds as the monetary rewards fluctuate, no one can be a member of two or more guilds simultaneously without forfeiting the financial remuneration guaranteed by the guilds. To wit, each guild shall collect enough from its working members to pay all of those at the same rate who are not working.

By dropping the price of wages the guild will put more people to work. When there aren't enough people in the guild wages will go up to entice others into it.  The minimum pay allotted to each rank they establish will be set by supply and demand for that particular talent, on a regional basis.

No employer can pay less than that amount to anyone working in the capacity of that rank, except for a private contractor. And, any of those working for any government branch or office shall not be paid more than the minimum for that rank.

When too much work is available, minimum wages will be raised across the board in order to induce more workers into that field. When the supply of workers exceeds the demand that rank will be compelled to reduce their acceptable minimum wage across the board.

This eliminates the need for unions --
while guaranteeing good wages for all qualified workers at the same time.

Government, being responsible for our fiscal policy, shall be held accountable for the redemption of our currency when more calls are made for redemption than the labor pool of prospective citizens can redeem.

When calls for redemption cannot be met because our fragile economy is getting fragged by politicians, then ALL those people working for the government shall immediately go on line. Their names shall be put on the the top of the list of available labor to redeem our currency.

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When grass needs cutting,
THEY cut it.
When floors need scrubbing,
THEY scrub them.
In 8 hour sequences, chosen by lot
from the highest executive
to the lowest plebe,
they shall work without pay
to redeem the calls on our currency
until our currency IS sound again.

Let the politicians earn their trust with the public

In conclusion -- Giving ourselves a dollar founded on honest value will 
create all the genuine hope any nation on earth could ever wish for.

We don't need more money.
We need our money to buy more.
Only when our dollars are worth more
will we have more real money to spend.

When we put a ceiling on what Government can waste
we will halt the spiral of inflation.

It is time the government stopped playing games with our money.
It is time to make our money worth every minute we put into it.

the end

Please tell your friends they can find this article at http://www.talewins.com/essays/money.htm  

Then ask your representatives to quit monkeying around with your money.  
Anyone who won't respond in less than two weeks needs to be replaced.

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