What is a US Dollar?
We all work for money and are paid in US dollars.
But are those two things, money and dollars, the same thing?
Many people don’t think so.
I explore this topic in my latest blog post: “What is a US dollar?”
The Definition:
Money: An instrument of exchange representing created wealth. An asset to any holder.
The US Dollar: An instrument of theft representing stolen wealth. A liability to any holder.
Therefore, The US dollar is not money. It is anti-money.
The Explanation:
How is a US dollar created?
A dollar is created by banks in response to a demand in the form of a loan. Since it is created this way, what is it that banks are loaning out? They are essentially loaning out nothing and in exchange receiving tangible assets (real estate and the productive labor of the borrower) in exchange.
Jim Azzola, one participant in the American economy said it this way on the social media platform Facebook on December 17, 2023.
“Moreover, these dollars created out of thin air by the Fed is only about 10% of the total numbers of dollars in existence. Where does the 90% come from? From the Commercial Banks! A mortgage or other type of loan is a leveraged play on deposits in the ratio of 10 to 1(!) and it is likewise created out of nothing, with no assets backing these!
“This is the reason inflation is so strong. Notice this too - who owns the Fed? The same huge Commercial Banks! Can you see how deep the ponzi scheme goes?
“And if and when a recession and a debt meltdown inevitably occurs, and the banks are bankrupt, who bails the out at your expense? You're right - the FED!”
Ben Hawkes, a UK citizen, described the creation of the dollar this way on the social media platform LinkedIn
“1 - You create a security by signing the loan contract. You create credit with the promise to pay back the "principal" with interest over time. The surety for this is your creative energy.
2 - The bank deposits that security creating credit in an account.
3 - They "lend" you that credit at interest. The "debt"
4 - You pay back over time creating more income for the bank.
So, banks don't lend money, they depose you of your security and then pretend to loan it back to you. What a scam.”
Banks admit to this definition of money creation openly. These are two quotes from banks on how the create money.
Therefore, since the definition of money is a means of exchange representing production and trade, it is wrong to classify the dollar as money. Rather, the dollar and all forms of debt-based currencies are better defined as means of theft. Dollars represent stolen wealth.
An illustration might suffice here. Imagine a slave owner who created dollars for his cotton plantation. The plantation owner couldn’t simply pay his slaves in fake money since no one would willingly accept it. He could however, pass a law forcing all his slaves to pay a 10% tax for working the fields. From this tax, there would be a false sense of demand for the dollar in the field. Since no one had dollars, slaves would go to the slave owner and ask to borrow dollars to pay their taxes. You could imagine a scenario where eventually the slaves themselves would enforce the exchange of dollars for their productive labor, with the slave master receiving benefit without the need to use brutal instruments of theft like whips and chains. Slaves might even see the masters as philanthropists, donating dollars back to the slaves for essential services like food, clothing, and shelter.
The reason this example is only a partial illustration is because the real reason people trade in dollars today is because the definition of US dollars (and other currencies such as the British Pound) has transformed over the years. Whereas in the past, a dollar was defined as a set amount of gold or silver, exchangeable at any bank, it is now no longer redeemable. At the very least, this means that banks (through dollar creation) have stolen all the gold and silver that once was the essence of the dollar and which made it money. This is why many today call the dollar a fiat currency.
The opposite of a fiat currency is called a representative currency. A representative currency is backed by a commodity like gold, silver, or oil. The U.S. Dollar was partially a representative currency until President Nixon ended the gold standard in August 1971, but before 1933 was a total representative currency. Since being removed from the gold standard, the number of dollars in circulation has grown exponentially. The Dollar has lost more than 80% of its purchasing power since the end of the gold standard. Another way to think about it is that an item costing $100 in 1971 now costs $731.55.
Therefore we can conclude:
Money: An instrument of exchange representing created wealth. An asset to any holder.
The US Dollar: An instrument of theft representing stolen wealth. A liability to any holder.
To My Friends and Colleagues:
Many of us work for dollars or use dollars in our daily transactions. Since dollars are an instrument of theft, there is only one way to use them and maintain your moral credibility in the opposition of slavery and theft. You must take loans from the bank and inject that money into the economy until there is such a hyper inflation that the dollar becomes worthless. Under no circumstances do you have any moral obligation to pay back these loans. If it’s morally wrong to steal and enslave, it is also morally wrong to be stolen from and treat your slavery as acceptable. It’s morally right for you to punish thieves with their own tools of theft.
In the current world of your career, how are you competing against your fellow man? Is it on intelligence and competence, or is it on brutality? When do you feel most free from the rat race? When you provide an excellent service to someone or when you become a manager or leader of others? Notice how freedom in the current system, which I would define as a controlled economy, is defined as who is in more control of others and is less controlled by others. Even consider how political leaders during the pandemic found themselves in controversy for making rules for citizens while breaking those rules themselves.
https://www.snopes.com/fact-check/newsom-french-laundry/
https://www.snopes.com/fact-check/pelosi-hair-salon/
https://www.snopes.com/fact-check/bojo-nowhere-to-hide/
Friend, this is no way to live. Your life doesn’t depend on your accepting the choice of having your neck stood on or standing on the necks of others. The government, the banks, and your companies need your help to make this theft look like a sale. I won’t give that help anymore and neither should you. But to escape this controlled economy requires a total dedication to the affirmation of your own worth.
Consequently, as a free and self-respecting man, I have refused to work for my own enslavement and have therefore quit my very successful career in accounting software sales and will only return when I am able to exchange my work for the productive labor of another, either by gold or some other form of objective value. I have many of your, my friends and colleagues, have not made this choice. My hope, for the love of your life, truth, and justice you will join me.
As I mentioned, I have also chose to live for now by taking out credit from the banks with no intention to repay. This is a sure fire way to call attention to the theft while scoring yourself a nice commission check.
The 2013 Porche 911 Turbo was the nicest Christmas bonus I’ve ever earned.
Is money the root of all evil? This is a great analysis of that question.
https://www.capitalismmagazine.com/2002/08/franciscos-money-speech/
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