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NUMISMATIC VALUES MORE THAN COIN COLLECTING


Numismatic Values of History
No one talks about the depression of 1837, though the new Speaker of the House John Boehner brought up the coin and currency act of the First Congress of the United States in 1787.
What was a failing in his reference was the scandal of having a private mint contract fulfill the most important coin in our US economy, the one cent; which at that time was the Fugio Cent. This contract awarded to a Mr. Jarvis to make the copper, Fugio who abscounded with the metal and left the contract unfulfilled, left Congress to eventually mint more money. That was not enough, since commerce was more successful due to a growing population and growing goods and services. Not too far off from today, in the 21st Century.
In between, by 1835, the Hard Times of this country demanded more coin, which our US Congress, in a conservative and penureous policy decision failed to meet that demand, which plunged the country into a depression in 1837. The rich people of that time, lead by Dr. Feuchtwanger of New York took it upon themselves to mint what were called tokens, as coin for the common citizen to continue to spend hard earned money. His one cent token made with silver worth in the metals market today, the 21st Century some three dollars US.
The lesson missed of today is missed in the lapse of the knowledge of history, mixed with the lack of consistent understanding that government monetary aggregate is an historic coinage or numismatic principle different from the principles of finance and instead part of the discipline of understanding economics.
This difference between ‘coin collecting’ that is a respectable hobby, and numismatics, which is a science that includes the ‘numerical matter’ of the values of metal and alloy, the art and sculpture for the security of that metal used in exchange; all coupled with an understanding of history to advance the understanding of economics. Specifically, numismatics study offers an understanding of the economy. And, not just the economy of the United States, but especially today, the understanding of the economy of the whole world.
It was given during the realm of King George III of England, as an understanding that commerce would stand still without a copper penny, which is considered the ‘staple’ of the economy, for that is the amount to enable access for the lowest wage earner the lowest purchase power. Since Colonial Times it was understood, proven at that time that without activity from the lowest common denominator, commerce would suffer.
With poor coinage laws, Congress refused to issue coins as the population grew. The depression of 1837 gave way to prosperity when the rich realized their responsibility to the greater good and offered into circulation tokens as coins to spend. Today we do this by an act of the US Congress, and each country subject to a global economy has its own system for the manufacture of money, still asking for a sense of responsibility from the rich.
For, as the wealth changes hands, so does the responsibility to the people who aided in the building of that wealth, and therein is found the reason to tax those who earn more than $250,000.00 US to contribute back into the flow of our economy at a greater proportion than those who earn less than $250,000 US per year.
The simple fact of understanding the seven levels of our Monetary Aggregate system that offers a break from M3, holdings of up to $250,000 when the holder of that amount must work to sustain that; and M4, holdings of more than $250,000 who can let that money work for them. It is of this difference that the workers, in this case simply the money that is part of the economy, must rebuild the economy and we do this by a statistical model forsake of the circulation of coin and currency, a responsibility called for by taxes to reinstate that difference called deficit in the economy.
Once the rich simply printed more money to accommodate responsibility for more financial activity, now the government is relied upon to print more money as the government must accommodate the responsibility for more economic activity.
The numismatic illustration shows how finance is different from economics, for as the value of the coin grows by circulation and rarity in its mintage without one of those elements, the coin has less value. Appreciation for the art and historical representation separates the numismatic scholar from the coin collecting hobbyist.
The sad illustration was given last week at the 1154th Heritage Auction in Chicago in March 2011, during the 7th and last session gave off almost all the gold coins of centuries in historic content for the spot price of their gold content. What the numismatic audience noticed was the coin values had diminished from collectibles to a ‘meld down’ value.
While in a private sale, the Feuchtwanger token cent with a 2011 value in silver of $3 US valued in the ‘Bible of Token Coins,’ by Russell Rulau that suggested the value of $165 sold for $330. Maybe the numismatic lesson by some with an education goes to message our US Congress, who were elected by those without an education on the matters of coin and circulation of our money.


Mo Money, by Steve Shapiro, Carmel-by-the-Sea, Calif.
republished from www.opednews.com

What nobody bothers considering troubles the whole world of money and economics. Nobel laureate in economics1988 Maurice Allais proved simply that with more people in the world, governments have to print more money.

It simply makes no sense that somebody has to prove that. In light of the 1975 Nations Economic Conference in Spain attended for the United States by U. S. President Gerald Ford when the six top developed countries agreed they were ‘mutually interdependent in the sphere of the international economy’ and thereby brought to a close the idea of a world bank based upon the standard price of gold. Or, that they ended the gold standard and gave rise to the need for international cooperation. As that which we have now, a system of ratio balance between nations.

The flaw in this economic change begins and ends with conservative thinking along the lines of financial tendencies and not rules of economics. Finance and economics are not at all the same thing.

A conservative mind-set stands against change. Poorly noted that after change, conservative politics stands without recognition of the change. When it comes to money in the world, the idea of competition continues ignorance of inter-active economics, which improves the value of money in the flow for everybody. The whole world is failing economically, simply because governments – all of which issue their money differently – stand on faulty, frugal measures that dictate ‘If we spend less money, the bettor off the country will be.”

Unfortunately, when governments spend money, that is how the countries get their financial rewards. The answer is in the ratio.

Government spending based on income verses government issue of more monetary aggregate has to do with two major needs within nations of people. The first is health and the second is education. Both need economic bolstering – more government influx or spending – as they both add to the income apportionment and feed the knowledgeable appropriation. One primary example is the government, economy of Brazil.

Previously the argument for equal taxes for all income levels, was challenged due to this new understanding that the shift in wealth, shifts responsibility. That means when John earns more money than Joe, those working for Joe now depend on the taxes from John. Therefore, on incomes over $250,000 a year, more responsible contributions or a greater tax burden falls upon the one who gains from the shift in wealth. Otherwise the sequestered money falls out of circulation and fewer people, within an ever growing population, have the opportunity to earn and contribute to the apportionment. The result of lower taxes for the rich creates a gap or what is seen as a government deficit.

When more people can earn money, through necessary programs, that means programs which mandate the spending of taxable income on services and disposable materials like health care; and with emphasis on services like with education; the deficit as well as unemployment fall. The nation becomes more healthy.

What the division at $250,000, which divides the monetary aggregate from M3 to M4 is that after cash (M1) and savings accounts under $250,000 (M2) the next ‘dollar’ amount or M3 represents money that you have to work for; and with regard to M4 (over $250,000) or money contained in instruments other than cash is money that works for you.

Mr Trump owes the banks for his developments, employees, service and materials that keeps the banks alive. The banks do not own Mr. Trump, he owns the banks. Similarly, China does not own U.S. currency, for the joke is ‘the Americans now work for us,’ said The Chinese executive; but the punch line is not ‘ha, ha, ha;’ but ‘and they get paid in US dollars.’ We defeated communism not with a war of destruction. We bought them into a capitalist world with our own US dollars and now they have something with which to pay us for the service.

The national debt is a burden on our future generations to work and earn. It has become a goal and not a burden, as our great nation is an inter-national contributor to global responsibility as are all the nations on this planet.

In a nation of a growing population, and that means the globe, more workers must contribute for economic and psychological responsibility – “I pay my taxes, I get to say what’s what!” And if those of us who have money working for us, incomes of more than M3 ($250,000) recognize that those workers contribute or need their contribution to the apportionment of government monetary responsibility, they at that level of income they have to pay a greater proportion of the income tax.

When an ignorant congress in the United States refuses to pass the laws necessary under our 19th, 20th and 21st Amendment of the Constitution of the United States as a responsible government, we fail to recognize the change as responsible for the inter-national economy and inter-national cooperation among developed nations.

html/​/​nobelprizes.com/​nobel/​economics/​1988a
http:/​/​www.mofa.go.jp/​policy/​other/​bluebook/​1975/​1975-1-2.htm


Newsletter

Carmel Voice: Word Is -- July 2006

July 12, 2006

Word Is:

Fake News!

Information is the life blood of democracy. If we lose trust in the news, how can citizens possibly make informed decisions at the polls? Says Mat Holland of True Majority

Some TV stations air “news segments” that look like everyday journalism but that are actually produced by the federal government or large corporations and are designed to promote a political position or product. True Majority wants us to know it’s fake news.

Worse than that, can we count on the editors of television and print news media to investigate sources outside our own country to GET the actual picture? When the U. S. Department of State refused to accept Iran’s compromise and let the Russians with the UN lead inspections, where was the news on that? The BBC and London Times printed that. Where are the English? In Iraq with us. Why don’t they lie to cover up the shift in power? We’d never seen the human character better defined since all our studies or experiences with Germany’s Third Reich or since Stalin’s Russia through the Cold War, and with North Korea. It’s no longer Propaganda, but fake news.

The editors play into the administration. Newspapers curry favor with the head of state and all under the threat of patriotism. They’re afraid they’ll loose patronage, and perhaps their wire services compromised. If the Administration gets the idea that there are news sources outside of the ‘prescribed’ ones, there may be internal repercussions from (drum roll) Homeland Security.

The questions begin re-orienting the details. They gather their sources and thin out external news coverage. The State Department issues ultimatums completely unrelated to the communique made public from Tehran. Together, both the Administration and the Department of State bend their interest from trust to suspicion. Our instincts are manipulated to cover the board. The Big Board. And the focus of trust is no longer with the U.S. – but don’t tell.

When, the expression was once compromise, the diplomacy became control, over control over political correctness. Nobody says to Condaleeza Rice, “Hey, Babe! Who’s in control with respect to Tehran?” Most of us want to hear, ‘Peace!’ However, no man dare put words in the woman’s mouth but our President. Anyway, the expression is fake it, who can SEE Tehran wants to shift control out of the United States. Moreover, she got marching orders with the job from ‘the man.’ The ‘Babe’ has to set the record straight. Or is it a crooked set?

Fake it. We don’t want to loose control over ANY part of the Middle East. It’s not in the favor of US Oilmen, nor our Administration’s friends in the Saudi government.

“What’s still holding up the cost of oil?” We ask, yet all that seems in those answers shows acts already seen by the men and companies of Texas before the Bushman took office. Though, the long range plan put in place by the men who ran the oil fields was preserve the reserves. Bear in mind, those reserves are drilled and drawn under American wage control. Ruled by the American banks without such dominance since the Banking interests of the 1930's. Is there any wonder Banks can no longer issue money?

What happened to price controls? There’s a need for oil to make the world work, why not control the price by government regulation? Oh, but maybe lest’s control drug profits, too. There’s life and death controls that REALLY MATTER. For, once there are controls to help us all stay healthy, we can SEE the gasoline price controls are healthy, too! I mean, our Republican legislature must be sick not to see the controls are held by a chimp, or chump and that the plane is flying sideways.

Word is, our Secretary of State is wasting our time with her diplomacy on the Tehran issue. I mean, who wants to pay, in the interest of keeping fossil fuels from gaining near four dollars a gallon, when the prices in Europe have always been near to five dollars a gallon? French newspapers tell the tale; and Italian news tells about Russia taking over the new wave diplomacy. Fairness. It’s the man’s plan to crook the shank and misdirect understanding. The woman has to make it up to the foreign powers by sticking her head in the sand and not letting on that she knows Tehran wants to shift the power. Or is it the woman who’s suspicious that Iran communique has an inner meaning, and knowing all about the Da Vinci code and the Bushman who figured it all out – got his staff all to read it. No, you can’t trust . . . Iran?

The idea of changing power focus calls for Fake News. Don’t let on we know. If the public could think for ourselves, the elections would shift power without our Administrations’ control. Hey! In the next go-round, maybe there’ll be another President of the United States. Do you think?

Congress wants to change the voting rights. Maybe they will and not let us know!

Where else do we go with this? I say to anybody who cares: I read the news from other countries, national, and international controversy in everything but our local news. Same tune, sung in a different key in all US newspapers. Bushman makes the policies, girls arrange the table afterwards and they say Secretary Rice shows how affirmative action will work. Affirm this, affirm that. That it Condie? What else will she fake for . . . her man?

We have a chairwoman, a congresswoman, a chairperson, a congressperson; but looking at the voting record we don’t have the Zigfield Follies, we have a Looney Tune playing against mirrors. Shift the focus and make it real with fake news. It’s entertaining to see our woman Secretary of State shouting up wind. First woman head of State who might save us some money, losing all those friends and obligations.

Word is: It’s fake news hiding the fact that power is shifting away from the United States.

Maybe the deal is to give them less in foreign aid? With an administration in Washington, D.C. whose leadership has their heads in the sand -- looking for oil? -- and with a woman in charge we can blame the men. It’s like, say on foreign policy with a woman Secretary of State do what we tell you . . . say it’s the man in control, LEAST BLAME GEORGE W. BUSH. He won’t know the difference. There’s the Fake in the news.

We hide the global power shift with Fake News. What about a president, who’s a girl? What about a real President of these United States?

(Steve Shapiro from the Monterey Peninsula almost 40 years authored “Carmel - A Timeless Place.”)

Selected Works

Novel of historical fiction, sultry Pap crime drama
They said the Rosenberg arrest and exicution for treason was an anti-semetic act; but the fact is that it was a Jewish man who turned them in. Now available for Kindle at Amazon. Buy it off www.createspace.com/3790862, the Barnes and Nobel web site and soon in bookstores.
Screenplay
A two picture project set on location in Paris, France circa 1963.
Action Adventure and Social Intrigue
Journalism meets Political Policy
Whinning, Winning, Won Iraq
Political Policy
The Paris Peace Accords
History, Political Policy
A portion of California History, the history of Monterey, California land policy
BOOK
History, Urban Development, Architecture, and Travel. Mostly a picture book, with a brief history of the urban development of an Artist Community
Photography writing
SAMPLES in Photographica World
Thriller: up for publication
"A story that had to be told, disgusied as fiction." Mrs. Wally Cox, Ben Hecht protogee
Romantic Passion on Young Love, work in progress; novel from screenplay
"Best writing on retribution." Patricia Tiernan

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