Federal Reserve notes

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Looking past the Myths


the Meticulous & the Meaningless

I'm fond of saying YeNom is the reverse of money. It is perhaps reasonable then to clarify some basics regarding the world's most popular money. Fortunately we have classic comments from Alan at our disposal to serve as authentic examples of popular legends. Reacting to my post “The thought provoking Eric Harris-Braum”, Alan argues, “... referring to [the] introduction of government money, you say, ‘… money is injected into the economic area via bank loans (so it is never free and always burdened with interest). Plus it trickles down from the money moguls to the producers.’ I believe you are looking at this with blinders on! Bank loans are in the middle of the cycle, not at the beginning. Banks can only lend money they possess. They do not create it. The government does that, lending initially created money to the banks to re-lend. Banks also re-lend money from deposits. These deposits come from both the moguls and the peons, meaning it both trickles down and up (i.e., it is again with blinders that you ignore an important part of the overall equation).

To best deal with these typical assertions, I naturally turned to our friendly fiend the Internet. And while the majority of the results coughed up by an initial search are expected to be crude, this particular monetary topic was considerably comical. Government sources are particularly prone to avoid substance and gravel in trivia. Although many ‘authorities’ may welcome Alan's viewpoints and want to encourage them, I still could not find any instance where the line was crossed with blatant falsehoods to justify anything like Alan purports. Not even the Bureau of Engraving and Printing with the incredibly intriguing domain name of moneyfactory.gov offered any support for Alan's claims.

Save the Children!


Society: Empowered by the Individual perverted by the state

Save the Children?” What exactly is that supposed to mean?? Well the current main stream thought-pool which is huge enough to easily immerse both the Moral Majority and Greenpeace would instantly translate this to “DONATE”. Which in turn means, “YOU give MONEY to THEM”. And by “THEM” we obviously don't mean the children themselves nor their parents and not even any local community centers; but instead officially trustworthy & awesomely affluent organizations endowed to the hilt with adequate overhead. This is an undeniably valid premise as the very same (anti)thought-pool invariably holds that money makes the world go round and 501(c)3 organizations know best.

To quickly clean the preceding up a bit, it first behooves one to refrain from using a term like “thought-pool” to refer to a condition which serves more to paralyze rather than stimulate the mind. A more apt reference would be “meme pool” (or possibly “stool”). Next, as I'm relentlessly prone to promote, the real miracle of human society lies in the exponential advantages found in cooperation and division of labor. Since money can powerfully enable such mutually profitable interactions incredibly well, the more cunning have managed to securely monopolize this otherwise naturally free medium.

So if one now wishes to consider saving the poor children then the last thing you'd want to instill in their minds is a crippling dependence on a proprietary currency issued by the very same system that left them outside the monetary loop in the first place. Real empowerment would reside in the creation of their own local currencies potentially based upon the YeNom concept. The first and foremost matter a free enterprise system should address is its own life blood; namely an open flexible monetary scheme that is customizable to specifically address any need.

While children make for endearing sentimental targets, other instances of victimization are worth considering as well. And in the case of traditional money, robbery is perhaps the most notorious. This can occur in three broad modes. In order of severity these are: 1) counterfeiting, 2) swindling and 3) direct person on person violation. Yea, I know counterfeiting as number one must sound pretty strange even though the state likes to make a big deal out of this whenever they wish to issue a downgraded currency to their benefit. But I'm talking about the mobsters within the self-sanctioned system (not from the outside). In other-words, it is the Federal Reserve System itself that should be construed as the master counterfeiter in violation of the Constitution. As is the case with lotteries, the state simply can't condone competition. Precious few, however, care to acknowledge things like this. The only news people crave to hear and worry about revolve around gruesome individuals like Seung-Hui Cho while the insanity of say Hiroshima and Nagasaki is accepted in stride.

Damned if we do — Double Damned if we don't ...


Ultra tolerance for individuals – Zero tolerance for unilateral coercion!
* Searching for the common ground between brothers in arms *

Greetings Fellow Advocates of Jean-François Noubel's The Transitioner:

I have gone through this site's entire “Who is Who” list and read everyone's introduction. Allow me to comment on two observations. First is the surprisingly encouraging caliber of the individuals supporting Mr. Noubel's undertaking. Second is the expected general sense of encouragement & positivism. Unfortunately, too many entries -despite an upbeat intro and promise of more to follow- have not been updated for over two years. Consequently, I beg your understanding if this commentary fails to substantiate the festive optimism traditionally sung by would be visionaries/futurist.

First, I'm in enthusiastic accord with the basic concepts promoted here. In fact, I'm frequently inclined to take a winning concept much further that those who seek virtue in compromise & middle of the road postures. For example, if we concede that burning select women to death for inconformity (i.e. witchcraft) is a bit excessive, then a laudable legislator might gain glory for advocating a more humane demise (per a propitious poison for instance). My closed minded objective however, would aim for nothing less than total tolerance (i.e. malicious targeting of no one). Admittedly, such full fledged commitments could be construed as radical – which is also an apt way to characterize the grand social architects like Hillary & Hitler. So how does one turbo blast an agenda to dimensions opposite of the spectrum occupied but all those goodly idealist committed to compelling everyone else into their superior world views? Well, it's not all that difficult – we just need to take freedom seriously. I like to view it as the not-doing (a Carlos Castaneda concept) of Social Engineering. This simply translates to an absolute unadulterated respect for individual volition — a fundamental inviolable prerequisite for a truly rational society. As meritorious this train of thought is, further consideration need be deferred to my blog, or Lysander Spooner's No Treason. The pertinent point here is merely to underscore the fact that most empowerment proposals offered as an elective freewill option to individuals will not only be personally well received, but may even be advocated more vigorously by me than its originator.

“GNU.hope” - A Back Door Intro


Sun Mar 19 17:34:14 2006 – For the Love of Money II

Note: the following comments are extracted from two email messages sent to me from Alan Newman regarding my post - “For the Love of Money”. Normally this would simply be a comment to the original article. In this instance however, I feel the extent of the comments and responses they merit justify a new separate post.


Alan: This may seem strange, but I find the links are a bit confusing. As I follow the look here link for more ideas on how to use the compliments, I found a reference ... which claims anyone can easily view the first compliment from you to RMS, but I can not now find a copy of that compliment to view from any of these links! I know this stuff is never easy to construct, but I'm just pointing out weaknesses I am experiencing with it (not as criticism, but more as a bug report).


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