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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 Column, Word Is: Lies

May 18, 2007

Carmel Voice Column by Steve Shapiro

Word Is:

Lies!

Whenever we KNOW the facts and say something else, consciously, that’s a lie. They say there’s a damn lie, an outright lie, and statistics.

Apart from Scooter Libby, who lied for the . . . well, we don’t know who Libby lied for, but the top of the list is a United States President who we know manifested some big stories.

After one of Sam Farr’s town hall meetings, in the spring of 2002, the manager of the National Security Agency at our Naval Postgraduate School said his assigned task directly from the White House was to write a policy to justify an invasion of Iraq. Short of doing a policy position on “Do it for my daddy,” he said it was to include all options including making good on a lie.

Lies on the Jack Abramoff lobbying con are constantly coming out. J. Steven Griles admitted with no other words that he lied about ties to the corrupt lobbyist. He represented our honest ‘ingens.’ Whose fool is that?

With the expression ‘Liar, liar, pants on fire,’ politics is getting hotter than ever.

Hillary Clinton said she knew something about economics, then railed the sales of our US Government bonds to China. Hey! If the Chinese spend US dollars, what does that make them? AMERICANS!

Little more than ten years ago, in Salinas the Monterey County Sheriff’s office refused to admit there was any gang activity in Monterey. Then, after the amnesty program granted rights of citizenship to previously illegal aliens it was exposed that the southern California gangs were holding illegal immigrants hostage to force them into criminal activities. With red faces, and some federal funds, our Salinas valley now has a Gang Fighting Task Force. Some politicians who come clean and remove the lies profit for the community. That’s politics, though.

Absence of truth is not really lying, and that’s an outright lie. Statistics gathered on the streets of Bagdad by British poll takers were debunked by another British news agency that revealed the only people polled were ignorant, unemployed Iraqis, who gave a contrary position the day before, and could only be counted on the give another opinion the day after. The day after, statistics shown, they gave another opinion, altogether.

Word is, in Iraq the telling of truth to our Nations Liberation Forces will only get any Iraqi killed or kidnaped. Promises of aid or emigration have put informants back on the list of those telling lies. Carl Rove behind that? Salinas based Sheriff involved?

The idea of not trusting our government has infected the courts. Our Attorney General, it has been discovered knew all along the Federal Prosecutors on the attack against corruption were being fired. It seems the only apparent reason was that they were uncovering the manufactured lies of some uppermost government officials. And, the trail leads onto Pennsylvania Avenue.

The United Nations, UNESCO just dropped our own Mr. Smith for telling half truths. He simply stepped down . . . to return to Monterey, we have a great international school in the form of a diplomacy, international business, languages. Unless you try to hire a student. Student services claim not to know what students might earn, or be paid. Their repetition of directions to find out the California law takes more time than if they looked it up for you, the caller, and actually performed a service . . . in clear and articulate language. Such use of repetitive rhetoric, a first term MIIS student could tell you is one of many signs of Fascism. But, that’s student services, and how many of them have such a fine education. Surely our own Monterey Institute of International Studies isn’t telling lies when they tout a fine and balanced education for the betterment of the world.

For this month is April and the main fool is Scooter Libby for putting his own future on the line to enhance the biggest dummy in our US history. For whom does he lie?

Word is: It’s the fools who lie.

Remember the deal is that it’s easier to remember the truth than continuously fabricate a future on a lie.

Though we were talkin’ trees in Carmel and there’s a shrub in the White House, here’s a breath of fresh air, what about a president, who’s a girl? Not! Not this time. And, that’s no lie.

(Steve Shapiro from the Monterey Peninsula 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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