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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.



Word Is: Ladies Choice!

29-Dec-2006 Column by Steve Shapiro

Ladies have a shorter drive to the flag, in golf. Maybe they have a shorter drive to the goal, in general?

Ladies have a general sense of propriety, orienting details, giving credit to specific, outstanding affiliates to their group. While men are very goal oriented, they look to the horizon and reward the group in committee situations without singling out any one member for outstanding performance . The U. S. Navy discovered women to be detail oriented; while men are long range goal oriented. Together, both genders' instincts cover the board. The Big Board.

Building their own ‘Big Board' is the Leadership for Woman in their White House Project (www.whitehouseproject.org) shows a Parade Magazine poll including, of course, Senator Hillary Clinton D-NY 43% ; Condoleezza Rice Secretary of State 29%; the next six with less than ten percent name Mayor Shirley Franklin D, Atlanta; Gov. Kathleen Sebelius, D-KS; Sen. Kay Bailey Hutchenson R-TX; Gov. Janet Napolitano D-AZ; Sen. Susan Collins D-ME; Sen. Olympia Snowe D-ME as possible candidates for President of the United States in 2008. That's ladies' choice.

When, the question ‘What would the nation think of a woman president?' one psychologist said on CNN that the popular opinion would be one of shock and dismay, but after less than a week the country would settle down to business as usual. That's what they said about the Iraq invasion. Most of us want to hear, ‘Peace!' whatever the addenda, however, no man dare put words in the woman's mouth. The refrain, here is ladies' choice.

"Say Babe," we call out to Sue McCloud, "What up with all the trees going into the center strip on Ocean Avenue?" Still no word on the water for that, but ladies' choice looks great so far. Closer to the flag!

"What's still holding down the town's dirt?" That question is still out. All that seems in those answers shows acts already legislated after the woman took office, now. Carmel-by-the-Sea shows women completing the long range plan put in place by the women who run the village dedicated to preserving the trees. Bear in mind, Sue was not the first women in the Carmel Mayor's Office, just the first to go against the original village ‘Magna Carta' and cut down all the important trees. She was the one who made sacrifices of man-hours and material to hedge (no pun intended) disease, dispose of the losses without fanfare and restore equanimity to the people. Parallel to the White House policy on Iraq war – intended.

Word is, our Secretary of State is wasting our time with her diplomacy on war issue. I mean, she wants to pay interest to fossil fuels corporations, when the real issue is trees. It's the man in the White House plan. That woman has to make it up to the foreign powers like a ventriloquist dummy, words from the Bush-man. Here in Carmel, no man put words in the mouth of our Mayor White.

The idea of a woman president, women in leadership is roughly 50% ladies' choice. Our local WCRs and Blue Hairs are probably saying. ‘And those ancients over 40 got new trees in Carmel. While it's only the water to make any difference' Word is: Ladies' choice has us all closer to the flag. Fact is, we want to keep clean air.

The White House Project named eight women for ‘08; and what we see are Trees!

"From the mouth of our Carmel Babes," I say, "let's save the new trees." It was ladies' choice. No diplomacy lost there.

The new leadership has a chance, so when they have a chance they buy into the same thing. Save the trees. No, real change. You know, as they said in THE DAY?! Change! Girls! Power! Same old game, just the skirts change. Or, do we call it ‘spin?'

During the California Primary Election of 1988, Proposition 227 named English our official language for education and business, which was overwhelmingly passed by the Latino communities. Now – "Come the revolution . . ." they said, in the day. – women leadership might come down to Ladies Choice.

Where do we go with this? I say to anybody who cares: I read the popular political policy and see it's the same locally as national. Same tune, sung in a different key. Boys make the policies, girls arrange the table afterwards. The ladies tee off closer to the goal.

We have a mayor, raised locally, a woman all her life; so maybe they offer something of local interest in national politics at the popular level after all?

How can a local columnist repeat hisself? Just did, see Carmel Voice March, 2005.

Word is: It's ladies' choice.

Though we're not really talkin' trees and clean water. Here's a breath of fresh air, what about a president, who's a girl?

I said it before, wrote it again different this time. Don't forget to baste the turkey. However you see it: Ladies Choice.

(Steve Shapiro from the Monterey Peninsula over 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.
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
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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