So the Question Is...

So… The theory stands to reason, our dollars used to be IOU's for gold or silver, we could walk into a bank and exchange dollars for a rate of metal. We scrapped that. Now we have paper money that isn't tied to a commodity, it itself is the exchange commodity, the value is the dollar. The paper must be able to sustain itself and its value must be secured by the faith of the people and the people's trust in it. Not a bad idea in and of itself, essentially the dollars replaced the gold - I don't know why we did it - gold is much more useful and "valuable" than paper but whatever, we did it, we are here now. This is less about me arguing the gold standard or against paper money and more about the linked article but allow me to digress a little more. The power happens because of faith in the exchange. To insure the faith in the exchange the Government has authorized a private entity to print money with it government seals and logos all over it. Essentially the government sub-contracted out the work to a private bank. So a private entity prints these dollars with government logos, essentially a business card with different numbers and pictures. Granted, a wicked complicated, intentionally hard to replicate documents, but essentially business cards. And we trade these for goods and services. LOL. Now read Article.

http://www.msnbc.msn.com/id/28448852/

Okay, so now if you live in California, you won't get a refund Check of your State Taxes? What does this exactly mean? Well it means many things, allow me to riff on a few… First, some how the state can't balance a check book. There should be riots. This is easy so I ain't gonna go deep into the pluses and minuses of humanitarian efforts or which programs the state should or should not have. What I want to address is the absurdity or the Validity of the letters? Or what the article has called a Registered Warrant. My guess is that it will look somewhat official, it will potentially have a state seal, or be on state letterhead. It will probably have the signature of the state's treasurer, in fact I almost imagine something looking very similar to a refund check. Maybe even a post dated security note. The big question. What Then is the real Currency??? Is it the dollar, printed by a private bank with government logos or is it a State document printed by the state? Could we trade the Registered Warrants or sign them over to others as payments for goods, service, or trade? This is laughable.

One of the great history lessons abandoned by the modern world is the constant failure of paper money and the ability of a paper money system to over value leisure. While essential goods and services get priced out of the hands of the poor through even minor price increases the uber rich of the world are athletes, business moguls, stock traders, and entertainers. Those who have broken through and figured out how to corner their portion of the leisure market hold court over the swarming masses who gather round to throw their hard earned production dollars at the feet of rich. I think this has morphed past just the rant again the mess in california into the argument against hollywood - how the hell did Compton happen 1 hour away from Hollywood? I have been both places and it makes me sick. On both sides of the fence. I say if you are sick of the situation it is time to take it by force. You are at war against those who would force you to pay $110 for the new pair of shoes or Jeans or $15 to see the new movie or pay $20 for the new CD. Refuse to do it. And those who sell it, stop. And those who are in movies, stop. It may be a little grass rootsy for some but that is how change happens. The best way to tear down a house is through a pressure change at the foundation. I would love it if a world class athlete came out and did something like…"I just got a $120 million contract for 8 years, I don't need that much money at all, I need at most $5million for the rest of my life, so I give $115 million to charity." Look I talk a good game but I don't know what happens if someone puts stacks of green in front of me, maybe I sell out for thirty pieces of silver but I hope I don't. but I know for sure I won't sell out for a stack of 30 Registered Warrants from the government, you can bring bushells of corn or whatever crop or trade you got instead, other wise you are working off your debt with me. Peace out.