MONEY: The dollar is a figment of your imagination

The Fed and the Golden Fleece
By William Anderson
Published 04/22/09

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When I teach my economics classes about money, I pass around a $10 gold coin that is a replica of those that were in circulation around 1913, the year Congress created the Federal Reserve System. The coin is made from one-half of an ounce of gold, dating from the time when the dollar was based upon a standard of $20 an ounce.

If I were to value that coin today, according to current gold prices, it would sell for more than $400, which means that according to this way of measuring the value of money, the dollar is worth about 1/40 of what it was when the Fed came into being. Now, this is not necessarily the best or most accurate measure of the decline of the dollar, but it is good enough for the purposes of this article.

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Regardless of how you calculate it or the timeframe you use, the dollar is NOT a store of value.

In my book Church (page 113),  “Money is a matter of functions four, a medium, a measure, a standard, a store.”

The dollar, after the 1913 creation of the Fed, was no longer a measure, standard, or store.

As a youth, reading the Count of Monte Cristo, I dreamt of someday finding a pirate’s treasure. (Hard to imagine anyone not dreaming to find that chest, win the lotto, or such.)

Imagine instead of a chest of gold, finding a chest of dollars. When they were put in, they were valuable. Now they’re worth a fraction.

I often remember my now deceased father-in-law carrying a fifty dollar bill in his wallet ever since he was a young man. He always said: “With that, I’m never poor!” Sad to say, that each year, the value that fifty represented was inflated away. Stolen by the govenrment!

Gold is the only defense.

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GOVEROTRAGEOUS: Company alerted on the Mexican Swine flu two weeks before

Posted on Thursday, April 30, 2009
Company warned officials of flu 18 days before alert was issued
By Les Blumenthal | McClatchy Newspapers

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WASHINGTON — A Washington state biosurveillance firm raised the first warning about a possible outbreak of swine flu in Mexico more than two weeks before the World Health Organization offered its initial alert about a public health emergency of international concern.

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Anyone care to argue that gooferment is useless!

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TECHNOLOGY: Who data is it?

Can’t Find Pulse For Online Health Records

by Leena Rao on April 21, 2009

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Online health records is a rapidly growing segment of the health 2.0 world—Google Health, Microsoft’s HealthVault, WebMD, Aetna’s SmartSource (via a partnership with Healthline), and Revolution Health (now part of Waterfront Media), are just a few of the many online platforms that let consumers organize their health records online in a secure portal.

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