Current Events: Government Shutdown

One quick point I would like to make:

The current media is a government machine for the purpose of furthering propaganda. It is a form of mind control.

So what has been in the headlines for the last couple of days? THE GOVERNMENT IS SHUTTING DOWN!!

The idea of the government shutting down is ridiculous. What I think is going to happen in relation to this is an imposition of a draconian-type legislation, similar to the Patriot Act, that will force the masses to submit to an ever-enlarging government, ever-increasing tax burden, and that top 1% will get richer and richer and richer. Slavery, I say!


They (Legislators) create this huge problem: THE GOVERNMENT SHUTTING DOWN
Then they create the solution: A BILL TO INFUSE MORE MONEY INTO CIRCULATION

"Hundreds of thousands of workers are suddenly out of paychecks." -Obama said that in a Press Conference today. This is an appeal to your emotions and the rationale of millions of federal workers who rely on those pay checks to live. Here's a novel idea -- why doesn't CONGRESS take a pay cut? Why does a government-shut-down mean that blue-collar folks will not get paid? If the government shuts down -- let it be in Washington D.C. **sigh**

In the old days, before the Federal Reserve System was created, the government had to ask the people (citizen/ tax payer) for more funds. Now, thanks to the Federal Reserve and legislation like Fractional Reserve Banking, Congress no longer has to ask the people for money. They just ask the Federal Reserve to print more money. Here's an example of Fractional Reserve Banking:
1. Congress goes to the Federal Reserve and asks for 10B -- they get the 10B
2. Congress in turn uses that money to pay all Federal Employees, including themselves.
3. Federal Employees turn around and deposit their money in a Federal Reserve bank (most banks operate under the Federal Reserve).
NOTE: that 10B has successfully been injected into the economy.

But with Fractional Reserve Banking, it doesn't end there. If all of that 10B gets deposited into the bank, it will show up on the Bank's books as an asset. Fractional reserve banking requires that the bank only have 10% of what it lends out to be on reserve. (Read it over a couple of times before you move on.)


If 10 Billion was deposited...... that means the banks can lend out 100 Billion. 90 Billion has been created out of thin air! On top of that... they charge interest!! **sigh** Does that make any sense to you? Following the money trail, who benefits from that?

So, let's think about this supposed GOVERNMENT SHUTDOWN... what's really going on? Is it as I am implying: that the mass media machine is advancing the financial agenda of the elite power class? I would have to say........ DUH!!!

And the American people, feeling the pressure of having to pay bills and save the federal worker and hold down a mortgage and keep the heat on and feed their children and send their kid to college and on and on and on.... will ultimately fold to whatever "those people" in Washington decide.

What would happen if allllll the Federal workers walked out tomorrow?
What would happen if we all said ENOUGH is ENOUGH and we all stopped paying our mortgages and simply WALKED AWAY?
What would happen if government was as small as it was in its inception?
What would happen if we let the GOVERNMENT SHUTDOWN as they are making it sound in the media?

We can overcome!
We must!

It has to start somewhere. Let it be now. Call your congressperson and tell them what you REALLY think. Tell them they need a paycut and not the blue collar guy or gal just trying to feed their family and put a roof over head.

Project's Galore

Life has been so  busy lately. I've put off blogging in favor of doing all the other things I do.

There are several projects on the table right now.

Project #1: Acquiring/ Launching my first "real" business. I'm partnering with my dear cousin to acquire an established business in the area. I'm super excited. She is too. The only thing missing is the funds. I've been rejected a ton of times already because of the student loans on my credit report. I'm bummed but not at all dampered by it. I KNOW that someone out there wants to gift or loan me the money. Even a co-signer would work wonders. **sigh** This has been my mantra lately (from the book One Minute Millionaire) "Every resource I need is possessed by someone, somewhere, at this very moment." My add on: "Lead me to these individuals. The resources will fall into my lap."

I have been brainstorming all the ways we can acquire the needed cash to purchase the business. We've been tossing around the idea of borrowing money from our friends and family then paying 1% interest on it. Another idea is to acquire gold and sell it to a refinery. Gold is like $1300 per ounce. That is terrible inflation but good if I need cash now. Any ideas you have on how to acquire money for a business would be great. I tried going through OHA but it takes 6-8 months processing time. ugghhhh!!! A dear friend suggested we have a plate lunch sale to raise the necessary capital. I'm seriously thinking about it. I mean, it wouldn't hurt.

Project #2: My bachelor's degree. As much as I would love to say that I love school -- I really don't. I think the way education is set up now is just so backwards. More on that later because that topic really needs to be explained in greater detail. I will have earned a Bachelor of Arts in Philosophy within a year. My estimated graduation is July 2011. Can you believe that? It took me two years to get this done. I can hardly believe it. I was thinking of continuing on to earn a Masters in Pacific Island Studies from the University of Hawai'i... I'm still thinking about it. What would be the benefits for continuing on when really, all I want to do is be a business owner and WRITE, WRITE, WRITE. If I could count on Kamehameha Schools to foot the entire bill for my education, I think I would probably do it. We'll see.

Project #3: The Danielson Family Reunion. Aigatupu and (Tasi) Gustav Danielson (my maternal grandparents) and all the posterity are converging on the island of O'ahu in July 2011. How did I get placed in this position again? My cousin Marie and I were in charge of the 2008 reunion. How are we charged with planning it again. I know the next one will not be conducted by me. I'm pooped and busy already.

Project #4: The Tai Hook Family Reunion. Lizzie and James Tai Hook (my paternal grandparents) and all their posterity are converging on the island of O'ahu in October 2011. Long story on how I was assigned this project. It was originally my idea but I had slated this for October 2010, which would have been this month. However, my aunt wanted to push it back to October 2011 for whatever reasons. I told her if we did that then I couldn't be in charge of it because I had so many other projects slated for 2011. Well, the other day I get an email from her saying that she would like me to take over again. ugghhh!! In any case. My irritation with her WILL NOT prevent me from doing this for my father. It will all work out EXACTLY as it should.


Well... that's been the "goings-on" in my world. I promise to get back to the blog challenge as soon as my life slows down again. The holidays are approaching also and I'm super excited.

Wishing all of you well. Hugs!

Money: Part I

There are several different ways of approaching the definition of money. According to Sirota in Essentials of Real Estate Finance, “Money allows us to convert our physical and mental efforts into a convenient method of exchange.” (Sirota, 2009) G. Edward Griffin (2002) takes the definition of money a step further. He states the following, “Money is anything which is accepted as a medium of exchange.” (p. 138)

Money has taken on several different formats throughout history. A system of bartering has always been present in every culture on the face of the planet. Another type of money is termed commodity money. This tends to be things that are commonly accepted for bartering more than others. Typically, this would be livestock or fresh produce. These types of things are termed “true money” because it is a medium of exchange and the items have “intrinsic value.” Eventually, societies became more sophisticated and began shaping precious metals into coins. Coins were considered superior to livestock and produce, even though those items had great value still, because coins could travel and not perish and were relatively convenient to use. Gold has stood the test of time as the most widely accepted precious metal in the world. After the fall of Rome, new civilizations created a system of receipt money. When merchants became too heavily laden with coinage, they entrusted their coins to the goldsmiths for safekeeping. Merchants would deposit their coins with the goldsmith for a fee; in exchange the goldsmith would issue a receipt with the amount of coins that were available, on demand, at any time to the bearer of the receipt. The paper represented the coinage that was on deposit with the goldsmith. The paper itself had no intrinsic value but it did, however, represent the coins and were thus one in the same. (Griffin, 2002)

I have in my possession a dollar bill that was issued in 1957. I also have a dollar bill that was issued in 2006. The largest difference in the two bills is that the 1957 bill clearly states on the bottom of its face the following, “One Dollar In Silver Payable to the Bearer on Demand.” At the top of the 1957 bill it reads, “Silver Certificate,” while the 2006 bill reads, “Federal Reserve Note”. According to Griffin in The Creature from Jekyll Island, “payable to the bearer on demand” was removed from the nations currency in 1964. (Griffin, 2002) Essentially, I interpret this to mean that I can no longer redeem paper currency for a precious metal of similar value. If that is the case then what, exactly, backs the United State currency?

Sources
Griffin, G. E. (2002). The creature from Jekyll Island A second look at the Federal Reserve (Fourth ed.). Westlake Village, CA: American Media.

Sirota, P. D. (2009). Essentials of real estate finance (Twelfth ed.). (G. D. Barrell, Ed.) La Crosse, WI: DF Institute Inc, d/b/a Dearborn Real Estate Education.

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