Today is an episode of TSP Rewind, commercial free versions of past podcast episodes. Today’s episode was originally Episode-538- A New Understanding of Money – Part One and Aired on Oct. 26th 2010. The notes below are the original notes from that episode.
My hope today is to help you understand money from as many new perspectives as possible. If you think about it nothing in general has a greater effect on the lives of most Americans than money. Money is why we work, how we provide our housing and food, how we are taxed and how our class structure is defined. We can deny this if we choose to but a family with a gross income of 100,000 dollars a year lives a much more comfortable life than one with a gross income of say 25,000 a year.
Yet if you ask most people, “what is money” they really have no idea. Now if you are going to answer that question with something like, “gold and silver” you really don’t have the answer either. Money is far deeper than to try to simply define it with a group of commodities. I promise you that no matter what you think about money from its constitutional basis, national purpose or method of creation that today’s show will expand your horizons. It may also challenge you.
As always, I reserve the right to be wrong and that includes today, but I have spent more effort on gaining a new perspective on this issue than any other in the past year. So tune in with an open mind today and when you feel challenged really think about what I have to say, examine and re examine it but please don’t dismiss anything due to political allegiance or personal bias, that is all I ask.
Join me today to discuss…
- How money is created today in the US
- The birth of dollars
- The dollars have children, grandchildren and great grandchildren and so on
- Buying nothing, with nothing and creating something
- How does money derive worth
- Monetary Velocity
- Vanishing dollars
- Paying off debt eliminates money
- Defaults on debt eliminate money
- The shrinking M3 Supply – how is it possible
- The Monetary Systems Traps
- Total debt is always bigger than total supply
- Elimination of debt contracts the money supply
- The income tax exists to service the debt not primary spending
- New Federal Debt in 2009 was 1.1 Trillion
- The expense of interest alone in 2009 was 383 Billion
- Personal Income Tax Receipts in 2009 where 1.21 Trillion
- We spent 1.48 Trillion to service debt in 2009 about 200 Billion more than income tax receipts
Resources for Today’s Show
- Members Support Brigade
- TSP Gear Shop
- Join Our Forum
- Back Yard Food Production – (sponsor of the day)
- Safecastle Royal – (sponsor of the day)
- The Creation of Money by Chris Martenson – Chapter Six and Chapter Seven
- Modern Money Mechanics (PDF so right click and save as for best results)
- Members Support Brigade
- Ron Hood’s Survival.com Magazine
Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.