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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

Word Is: Sarcastic

September 24, 2007

Column by Steve Shapiro

Word Is:

Sarcastic!

At congressman Sam Farr’s birthday party, in answer to the question about his House Resolution on ending the war in Iraq, he said “Why open the debate? The President will just veto it.” Ever hear the value of a debate is the debate?

In Congress, the legislature has reaches a claim over the desire to end the Iraq War and pull out the troops, but they don’t bring up the fact that the Constitution of the U.S. is covered by the shroud of the War Powers Act. With a strong Congressman in our 17th District, Sam Farr, whose leading point is the workings of government, the leader in civics, and most important OUR Congressman, the word that springs from his comment is of sarcasm. His authorship of HR 413 that calls for a repeal of Public Law 207- 243 to Authorize Military Force Against Iraq: Resolution 2002 in all leadership and both parties there’s a calm, perhaps before the storm. Now, everyone wants to do anything against the ‘brute Republicans,’ as our own [Carmel] White House connection as Pierre Salinger’s mother Jehanne Salinger-Carlson used to say. That’s former Carmel resident, Herb and Pierre Salinger’s mother, brother Herb buying cigars at Dick Harden’s Carmel Pipe Shop. Maybe that’s how we find equanimity, remembering the War of 1812. The enforced calm of Freedom of the Seas facing what we know to be a better way.

Only the true American pattern is to ramble and still make sense of the politcs.

Then we look at what is tenacity and Sam Farr’s record shows his stick-to-it-of-ness when he’s reminded that a two thirds of the Senate can overturn a Presidential veto, and he immediately mentions our California Democrat Nancy Pelosi’s two main staffers who have the Senate poll in their Rolodex. Sarcasm.

Still appreciating the local politicians actually fulfilling their promises. Think that will go to the whole national legislature? Sarcasm as an infectious consideration for what’s best for all. A national attribute? A tone in the debates? Maybe from Biden. Maybe.

“It will take about a year,” said Senator Biden. So, from the Senate Foreign Relations committee comes a sarcastic estimate. And, while that’s part two of our Congressman Farr’s HR 413, to pull out the troops; and he’s on the Congress Finance Committee, who’re the ONLY ones authorized to approve spending, sounds like a strong movement toward two thirds. Who are those Pelosi aids?

Word is, our government belongs to the people with computers and telephones . . . Is that a word to the active? Kucinich keeps saying, “The only way to end the war is stop the funding.” First we have to remove the shroud of the War Powers Act over our Constitution.

The idea that all remains the same for a year while we pull out, and the third part of the bill is to have the President . . . Rest overridden. There is no call for equal support by equal resistance. Trust removed and remind the President that change is good, and after the storms, there should be some change. Someone has to take heed. Follow the leadership.

I mean, un-shroud the Constitution of the United States and follow the rules. We are under obligation of the United Nations Security Council resolution that mandates military assistance until the Iraqi government decides they’re under control. Who’s the decider? If they think they can take a vacation, they must be under control.

There’s a anonymous compact in effect, under that same UN Security Council mandate [1723] to work out the financial obligation for Iraq to support itself and pay the military occupation it called for. They do have resources and those resources belong to All the people of Iraq, now.

How does it figure, economics is not finance, and the public economy an ever growing one based on oil, with an ever more broadening base . . . hmmm. There’s people from outside Iraq killing Iraqis, who own the oil to make more money. The more money they make, the more the institution has to give them money without working for anyone just for them to spend without killing for it. When they stop making trouble they get money, they still have money to spend, for there are still goods and services to be paid for amongst the living. Where does it not end violence? The buck stops it where the shroud upon our Constitution is removed.

Where do we go with this, I say to Sam. I talk to our US Congressman from Carmel, California, who authored a bill, who says what’s the value of a debate?

We have, maybe, a sarcastic comment from a Carmel-o guy about one of many important issues facing the nation, today. What could be more important that ending a war?

How can a local community be interested in National Politics?

Word is: We’re all gettin’ sarcastic.

Maybe the deal is to waste time debating Social Security, again.

(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.
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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