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With lockdown and quarantine going on and as various Governments are looking for ways to introduce new grants to the economy concerned about the reaction of the people when this situation is allowed to be behind us quarantine diaries are a way to go back reflect and learn new things. One is history of money that we all are anxious of.
The concept is made, out of human necessity for advancing, and it was placed to begin its life within humans.
Money is introduced as a medium of exchange, thus making our life easier, more comfortable and ready to advance.
We are thought that goods are an asset while money is a dept.
Murray N.Rothbard, in his beautiful essay, “What Has Government done with Our Money”, first published in 1963, analyzed its history, advocating a free market for the money. Without Government interference. Common sense says that there are some concerns about the so-called free market for the money. The most important, from the perspective of the human mind as we know it is greed! Greed destroyed many great concepts made for making our life as humans easier.
For those who want to learn about gold and fiat standards and short history of money the essay is great. But, I was always puzzled why we could not learn about meeting at Jekyll Island in Georgia in 1910 and 1913 act of establishing the Federal Reserve signed by President Woodrow Wilson.
However, Federal Reserve, were established and are still here with us. There was an attempt from J.F.Kennedy to get control of issuing the dollars by the Government elected by the people working for the people. Executive order 11110 was issued on 4/6/1963 and signed by President J.F.Kennedy who delegated to the Secretary of the Treasury the president’s authority to issue “silver” certificates as a plan to eliminate them after and use Federal Reserve notes instead.
Those, as I remember, were called Kennedy dollars.
What has happened after will not be exploited here, but it can be said that in early 21st-century money became a commodity like goods produced and huge gamble begun with derivatives and futures. Bubbles of all kinds started!
Now as we learn Mr. President Donald J. Trump has managed to get back Federal Reserve under the government as it will start issuing new dollars for internal economy of USA. They call it investment or internal dollars. This was the idea of some years ago to have two types of US Dollars. One for domestic market and one for international to keep creditors happy. It happened. Lets see how it will go.
Some 150 years ago, there was a lady called Helena Blavatsky, who wrote an important book in 1888 called “The Secret Doctrine: The synthesis of Science, Religion, and Philosophy”, published by The Theosophy Company of Los Angeles.
Why is this important?
Well, she managed to share with us old knowledge stating that “old truisms are often the wisest.” She knew that the “error runs down an inclined plane, while Truth has to laboriously climb its way uphill.”
Still, the truth is climbing! However, now it looks like it can see the top.
There was one warning of Helena Blavatsky, and that is the whole passage about materialism, which leads Europe towards catastrophe.
It looks like, still today, we did not learn from World Wars, and we did not yet answer the question “Cui bono?” ( Who benefits?) properly!!!
So having this little question in mind, we can apply it to all the situations we are facing in our life, including the current one. However, to find the answer to that little question, one needs to employ common sense and to believe in self!
“The aim of this work,” Blavatsky wrote, “may be thus stated to show that Nature is not “a fortuitous concurrence of atoms,” and to assign to man his rightful place in the scheme of Universe; to rescue from degradation the archaic truths which are the basis of all religions;…. and finally show that the occult side of Nature has never been approached by the Science of modern civilization.”
Not forcing anybody to anything, Blavatsky invites all readers who are not Theosophists to read the book as a fairy tale, and as “unproven speculations of dreamers” somehow trying for our paralyzed and atrophied Spirit-Soul to become again alive and active!
To use Shakespeare as Blavatsky did, I kindly ask you “Gently to hear, kindly to judge”
Believe in self and old truisms!
Further, remember before judging and coming into conclusions, especially at the times we live now, that little things define everything and those who understand it, understand all!
And “stay observant” !
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