By Stanley Thomas.
There is plenty of money floating around. When I say money I am referring to cash, known as the US dollar bill. There is a lot of cash in circulation today because the federal reserve prints a lot of it. They print trillions of dollars waiting to be placed into circulation at the right time. Money used to be backed by gold which meant that for every dollar in circulation there must be a certain amount of gold in the US Treasury to backup that gold.
During the time Nixon became president, He took the dollar off of the gold standard, Causing the dollar to become more volatile, going up-and-down and suddenly dropping rapidly in value. Now the dollar isn't backed by gold, but by a promise to pay in the future. The dollar is backed by the confidence in the US government to repay. The government secures the money to pay by using taxpayers dollars. The hard work of the taxpayer is really where the money comes from. So there is an abundance of money circulating all around the planet. Every time someone borrows some money and promises to repay, new money comes into existence.
Since the government backs the US dollar with a promise to pay, the US is backed by debt or an IOU. The dollar is nothing more than an I owe you promising someone that they will be paid someday. And since we have a system where we have to create jobs by creating businesses, and also we need to create housing for people, that always lead to a system where more money can be created and recreated. Since the money is backed by a promise to pay , it is ultimately backed by the work of the people and their labor. The money is also backed by the entrepreneurs and job creators. So the whole U.S. currency system is ultimately backed by our ability to work, earn, and to pay back the money owed.
So when a business owner or investor goes to the government or goes to a bank to borrow a million dollars, they usually take that million dollars and start a business with it. If the business person is a developer, he or she will put the money in a real estate project. They just created another million dollars into existence.The money goes on the project, and people go to work at that point, building the project, whatever that might be, like a strip mall or it might be a combination of residential properties and shopping centers. People can live and shop in the same area. The money goes to create the project.
People are employed and they go to work to build this development, and in turn the money generated from this development goes to pay down the debt or loan. At that point, so many millions of dollars have been created. And that is how the system works today. So as long as you have people and their ability to work, think, and come up with new ideas, you always going to have an abundance of money in the world. If you didn't have entrepreneurs coming up with ideas and people who work in the business and make everything work out, the economy would have been collapsed a long time ago. The economy really rest on the people.
The national debt keeps getting higher and higher so people think that the nation will go bankrupt one day. That's up for debate because the United States technically have been bankrupt a long time ago. They are bankrupt on paper that's true but since we have a large population with lots of workers, business people, and land with lots of resources we always manage to handle that debt. It's always business as usual without collapse of the government. We won't collapse like Argentina have, at least not yet.
With our abundance hopefully we can keep on rolling along without the wheels falling off. So the point I'm making is that there is plenty of money to go around. There's lots of money in circulation and that money is ultimately backed by the people's ability to work, to earn, and to create more wealth. As long as people are thinking, creating, and working, and long as you have producers coming up with more innovations and more unique ideas and technologies for the future, and for the present, you always going to have a scenario or and environment of us having plenty of goods, food, services, and money. We always have been a nation of plenty, and there will always be lots of money.
There is a lot of money right now in existence. For people to get their share of the money, people have to do certain things. That's the reason why the government is actually printing more money because they are hoping that people will come together to create more businesses so more money can be created. If we can create wealth at a higher rate than the amount of debt that is in existence then perhaps the United States can prolong bankruptcy or perhaps reverse the process altogether. Even though that’s a serious issue that the U.S. is in it shouldn't be one where people should be afraid of.
If the United States does collapse we still have to deal with the pain anyway. So why be afraid. We might as well just suck it up deal with the failure. but at the same time it seems funny that we have been in this situation so many years for so long and yet the United States still keeps moving along even though we have a federal reserved that's not federal but is owned by private investors who don't have the United States in their best interests. With all of this going on with our money, we are still in existence as a nation.
So even though there are people who run the federal reserve which is in control of the U.S. dollar, and we don't know how honest or crooked they are for some reason, those people know that they have to be careful with the money supply, that things don't get too out of hand when it comes to their decision-making. If the Federal reserve let things get out of hand with the money, we would have a serious crisis to deal with, and it would be worldwide. So we do have plenty of money in this country, that’s true, but there still has to be control over the management of the money. We leave it up to those who control the money supply to handle that part. We as informed citizens must handle our part by remaining informed and being knowledgeable about money.
Our ability to think and to create is two of our biggest assets. You have some very talented entrepreneurs in this country who are getting paid a lot of money for their talent. Their assets are their ideas, which can generate money. So even if something was to happen to the U.S. dollar, the entrepreneurs or producers will still have their assets, which is their ideas. So our ideas are actually more valuable than the money generated by the ideas.
There is plenty of money around because so much of it is being printed, and the money is backed by the whole nation. So there is never a shortage of money. The thing that you don't want to run out of are people, their ideas, and their abilities. Right now there are plenty of people with abilities and ideas all around the country. One thing about money is that money is not the root of all evil, but the lifeblood of the whole entire economy.
Money runs through every single aspect of our economy. It keeps the economy running. And if something happens to our current form of money, some other currency would have to take place. It is vital to have a form of monetary currency for the economic trade of a Nation. The word currency means to flow. Money is also patterned after electricity, which runs through the whole system. That's why you hear terms like currency when it comes to money, similar to electric currency flowing through power lines.
In this instance, money is like electricity. If you use a credit card, you make a charge at a store, just like a battery in a car being charged, as the battery stores the electricity. Often people go to a department store to buy something and they have an account with the store and they simply have the cashier charge the merchandise to the purchasers account. Money is also patterned after water because it flows as a current or currency as money does. With water you have rivers, streams, ponds, lakes, and oceans. Water flows between and into each.
Water flows into rivers, creeks, and streams. It flows into ponds, lakes, and oceans where water is stored. This is very similar to electricity. You have batteries, wires,and capacitors, that store electricity briefly and let it go. There are diodes that briefly holds electricity and lets it go. There are power lines, transformers, and charging stations or conversion stations to convert power.
If you take a closer look at money and our money system, it works the same way, similar to electricity and water. You have money in your pocket. You have money flowing to your bank account in the form of direct deposit from your job. The bank holds the money until you come and get it. When you go to the store and buy something, money flows there.
Money can also flow into insurance companies. Banks come in different sizes. there are large investment Banks and small community Banks and banks in between. Money can flow from bank to bank or from bank to individuals. So money is very similar to water and electricity in how it flows and how it is stored and released later on. There is one more thing that money has in common with water and electricity. There is plenty of it all around.
Stanley Thomas
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