Vatican coin now in circulation
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Vatican City, Jul 23, 2010 / 05:02 pm (CNA/EWTN News).- Coins bearing the image of Pope Benedict XVI are now in open circulation within Vatican walls. As of this month, Vatican visitors will find that 50 cent pieces are being given as change at places such as the gas station, pharmacy and post office.
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Imagine the impact on the world if the Pope led the way to “honest money”?
Hard to imagine.
Gooferments, around the world, steal the people’s wealth by inflation. They claim the “King’s right”, the “Soverign’s duty”, or the “Tyrant’s Treasure Chest” to produce “honest coins” or “money”. (Like the marketplace could not figure out what “money” was “honest” on its own. Gresham’s Law http://en.wikipedia.org/wiki/Gresham%27s_law would demonstrate whats good and what’s not, without any “inspectors”. The Gooferment steals the wealth by printing more paper money, called “fiat currency”. Fiat because it has value because the Gooferment says it has value. No conflict of interest there.
Now here’s why the Pope should care. Inflation, the printing of “extra” money, impoverishes the poor, middle class, savers, and old age pensioners. That’s why he should care.
Inflation results in higher prices in the marketplace. Wages lag inflation. If they rise at all, it won’t be proportional. Investment, similarly, never “catch up”. So pensioners get hit with a triple whammy: their pensions are usually fixed and so don’t go as far as they used to, their savings are eroded, and prices go up.
So that’s why the Pope should act.
The Church has always been the traditional refuge for the serf from the abuses of the King. (I’ve seen enough Robin Hood and Zorro movies to know that.) It’s time for that to happen again.
Imagine if the Pope ordered all Vatican coinage to be in gold or silver?
First impact, that they’d be selling like hot cakes to the tourists. Then would come the folks overseas. As an example of “honest money”. The Vatican could even show a profit; much more than what they rip off coin collectors for meaningless proof sets.
And the little people would have money that could not be stolen silently by the King’s printing press.
Even the most illiterate dumber-than-a-rock parishioner could see the benefit of using the Pope’s money for savings.
It would be the ultimate control on the power of the King — the Gooferment.
IMHO one of the reasons, or possibly THE reason that Old Sadam got knocked off his horse was NOT wmd; the tyrant had the audacity to suggest that he wanted to be paid for his oil in gold. Rumor was that he was months away from starting an oil exchange denominated in gold. Remember the “Gold Dinar”? Not that he had a religious bone in his tuckus, he was pushing the religious aspect too. Hey, he realized that the FED was going to “tax” him on his dollar holdings. Silently. With no muss ‘n’ fuss, as the printing presses kept rolling out dollars.
So, Holy Father, the little people of the world would like you to end the tyranny of the King, who steals their little bit of wealth, give us honest money. If you truly believe in the workman being worth his wage, then make sure he get it in something that is worth something. Honest money is Godly money. And, slapping on a few saint’s pictures on the coins wouldn’t hurt morality either.
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