Cash money nothing more than IOUs
I’ve been doing this for a while. There was a time when I could sneak in one of these things every couple of weeks, but lately I’ve been limited to one a month. I guess that makes sense in a nonsensical sort of way. I mean, you have to read how the One-Trick Ponies say the same thing; week after week, using different words. Then there’s that guy from Harrisburg who can’t ever seem to get it right.
Recently, I stopped at a friend of mine’s business and he made me a really good iced coffee! “Yep, if yer lookin’ fer screamin’ iced coffee, go to Yum Yums.”
We were talking and he said my next piece should be about this or that. He introduced me to a pretty bright friend of his who went to WVU. He suggested my next piece should be about that or this. Then there’s Emma. I don’t have a clue who she is, but she was stalking me awhile back, because I defended a dartboard. I think she “has eyes for me,” but that ain’t goin’ anywhere.
Emma told me I complain month after month, but offer no solutions. Well, they pay people for solutions and I do this for “schitz and giggles.” We pay our politicians really well for solutions and they give us status quo nonsense. I decided back when I started doing this you can figure out your own solutions, or answers. You’re not an idiot are you? I’m just gonna try to help you figure out the questions.
Hell’s fire, all the people I mentioned might be right, except Emma. She’s “delusional.” I get one shot at this a month, so I have to come up with what’s gonna work for most people.
That being the case, let’s talk about something that everyone has. I’m talking about your wallet. You know what that is, right? It’s that bulky thing that most guys carry in their back pocket. Ladies usually carry it in their purses. Gender confused people might…. Who knows?
Anyway, that’s usually where you keep a whole bunch of stuff. You’re ID, or driver’s license, some credit cards, maybe a couple business cards and even those secret phone numbers that you don’t want your mate to know about, because that’ll cause you a world of “stuff” and who needs that?
If you aren’t broke (and there were times when I most definitely was), you also keep your money there. A little while ago I was counting the cash I had, to see if I needed to go to the ATM and get some more. I noticed something really weird about my money. It’s been there a while, but I just noticed it.
Printed across the top of my: Ones, Fives, Tens, Twenties and a couple of pretentious fifties is: “FEDERAL RESERVE NOTE.”
Since you aren’t doing anything really important, except reading this, pull out your wallet and look at your cash. I bet it says: “FEDERAL RESERVE NOTE” across the top of your money too.
Ladies and gentlemen, a note is an IOU.
So, in addition to the credit cards, where we play with our line of credit, our currency is IOUs where the Federal Reserve plays with theirs. Since our credit rating determines the amount of interest we get charges, or the credit denied us, who determines the Federal Reserve’s credit rating? Equifax?
So far, I’ve managed to maintain a credit score well over 800, because I don’t buy stuff I might want (like a new Jeep Pick-up truck that costs around Fifty grand) but I can’t really afford or need it.
Think about it: a new Jeep pick-up truck worth $50K until you drive it off the lot? When I was a kid, I could buy a brand new AMC Javelin for around Thirty-Five Hundred of these Federal Reserve IOUs.
What in the hell happened to the Federal Reserve’s credit rating? Is today’s dollar devalued to what sixteen cents was worth fifty years ago? Did they print so many IOUs they’re nearly worthless? Doesn’t this elevate usury to an art-form?
I know the “smart guys” are gonna come out with their graphs, charts and vocabulary no one understands to school me in economics, but save that noise for the people that don’t understand value. I do. I also know the amount of sweat I exert to earn the IOUs that I carry around in my wallet and bank account.
Now that I’ve pointed it out to you, you know what I’m talking about and their doubletalk just doesn’t answer the question. Thieving elitists juggle the value of these IOUs to benefit themselves. “Oh, that’s above my pay-grade, blah, blah, blah.”
“Bull. … !” The bought columnists won’t dare touch this subject. I’m the “Iconoclast” who respects you for competing in a game that’s stacked against you . You can figure it out. All you need to do is center on the question that needs answered.
Since our currency is Federal Reserve Promissory Notes and we’ve been off the gold standard for years: what and where is this phantom REAL money? Is it any wonder in fifty years these IOUs are worth sixteen cents on the dollar?
John Lucas is a resident of Vanderbilt.