The Forgotten American ( The King, his fiat coinage and a modern life compounded @ 18% daily) By:Terrance Mann

The Forgotten American (
The King, his fiat coinage and a modern life compounded @ 18% daily) Control yourself Take only what you need from it A family of trees wanting to be haunted Control yourself Take only what you need from it A family of trees wanting to be haunted    from the song KIDS by MGMT

A baby is born. One lit candle on a cake marks year one of life. The baby smiles as the center of excitement, adulation, and lots of gifts and attention. This happy moment begins the creation of an expectation of a lifestyle, an expectation of unconsciously accumulating imported products from around the globe via the local Wal-Mart and paying for them with plastic made by Visa and MasterCard. The aspiration grows into a well-mortgaged life in the sprawl with other homogenized consumers who are all competing for more plastic products and living the life of 18% interest compounded daily.

In post-World War II America, our ability to obtain goods and consume through better advertisement has replaced a self-reliant life of the generation who lived through the Great Depression and fought a global war on two fronts. The new America is given all the comforts and desires of the world with a few strokes on a keyboard. Consumption equates to freedom and in reality, it's another form of a master/slave relationship in a more subtle manifestation with the full enforcement of the court when you can't pay. You see, America has degenerated into a place where you have just enough freedom to get yourself in trouble. The easy money system is a consequence of larger political outcome: a life of limited upward mobility and lack of free speech due to debt, material dependency, and the deconstruction of the middle-class as the debt is never fully serviced, which inevitably leads to enforcement of the debt. For example, the average American falls behind at $39,000 of consumer debt coupled with a mortgage and auto payments. That said, if the velocity of money starts to dry up in the future, banking holidays will be a reality.

Eventually, the downward spiral of the velocity of money will force Americans and the rest of the world to focus on needs instead of desires. As every Visa or MasterCard gets swiped at points of sales all over the world, more and more money is printed electronically which cheapens the supply of money. Economics 101: more supply of anything decreases the value.

 Printing money is yet another scheme to divest "honest" people from their pursuit of life, liberty, and happiness.
   Of course, printing money to obtain a long-term political outcome is nothing new.

(Next month, the reign of Henry VIII: a study of squandering an inheritance and the governmental time-honored tradition of debasing currency)