I grew up in the Depression years of the thirties on a farm in Northeast Georgia. It was definitely very different times from what we experience today. In retrospect, I realize we had plenty of everything we needed except money, which was scarce.
The boundaries of the farm we lived on were adjoining to other relatives in a large family who owned farm acreage. My paternal grandfather was a landowner. His land was dotted by small houses of workers who tilled the soil, mostly for food and shelter. Some were black and some were white. Nevertheless, during that time, it seemed as though everyone lived in harmony working side by side to survive. I recall my childhood as a very happy time.
On my maternal side of the family was another grandfather who had an adjoining farm and he too had many day laborers living on his farm doing the work, also providing food and shelter for them. What ever their needs were for survival he provided in return for their labor on the farm. Again, this was in the thirties.
Going back a bit further, I had a great grandfather who owned hundreds of acres. And had many workers scattered over the land to work the crops. I don’t remember him but remember the many stories my mother told about him. He was very wealthy and had lots of gold and silver. The one piece of memorabilia I have from him is his divorce papers when he divorced my great grandmother in the mid-twenties. I do recall her living with us in the thirties after the divorce. In the divorce decree, he paid her ten thousand dollars in gold.
Before the 1929 stock market crash, apparently there were many who enjoyed flourishing times, my great grandfather being one of them. According to the stories my mother told, he had a number of children by different women living on the large farm he owned, and when he died, she told the story of the scrambling for his large stash of gold and silver that he had in his home. Back then, all transactions were accomplished with hard money . . . gold and silver. There was no fiat paper money, as we know it today.
It was after Roosevelt rose to power in the thirties that gold was removed and called in by the government, replaced by paper money as the medium of exchange. However, silver remained in circulation until the sixties. Paper money was known as silver certificates. In other words, it was backed by something of intrinsic value, silver.
After the gold was recalled by the government and then the silver backing of the dollar was removed, we began dealing in worthless paper money with nothing backing it. Political government was in total control of the money machine and began grinding out paper money with nothing of any intrinsic value backing it. They could print any amount they wanted to, which brought about this condition we have today of exchanging nothing for something.
Money is simply a commodity used as a medium of exchange and should be handled in the private sector like any other commodity such as food and clothing. It should never be under the control of a political government and central banks. It should be privately produced.
Throughout history, for thousands of years, gold and silver have been the accepted medium of exchange. There is a limited supply of gold and silver that cannot be manufactured out of thin air like paper money, so to speak.
We often think of inflation as artificially raising the cost of goods and services, when in actuality it is simply an increase in the supply of money. Inasmuch as the central government has the power and control to print all they desire, inflation is the printing of more paper dollars.
In essence, the monopoly of printing unlimited amounts of dollars, which is only worthless paper, violates one’s property rights by artificially inflating and deflating values by whatever whim the power-mongers and those in control choose. They can manipulate any way they desire, by bailout or sellout. There’s no stability by virtue of the fact a centralized entity has a money printing machine, and the people have no control over whatever the government chooses to do.
I was living in Reno, Nevada in the early sixties when all of a sudden silver disappeared from the marketplace. Since that time, I have wondered why it took so long for the economy to tank. It was way back then I wondered how long the American people would tolerate the exchange of nothing for something. The exchange of worthless paper for a loaf of bread is in essence nothing for something. The worth of the paper is imaginary, accepted in the minds of the people. We could use shoelaces as a medium of exchange if it was accepted by the people.
I recall years ago when De Gaulle doodled bugged a large portion of the gold out of this country, and wondered if those at Fort Knox were guarding empty vaults. I don’t know.
Back in the thirties, when sharecropping was in vogue, particularly in the South, it worked like this. One individual owned the land and he would rent it out to another individual to work and produce. For example, to plant cotton crops. The landowner would furnish the tools, such as plows and the necessary equipment to produce the crops. The sharecropper would do all the work of producing and when the product was sold, received a share of the sale . . . whatever the agreed upon share was at the time. The owner of the land and the equipment held all the cards and control. The producer was always at the mercy of the landholder. The producer owned nothing and was powerless to do anything except as the landowner dictated. The landowner dictated the terms. Therefore, the sharecropper usually realized just enough from the sweat of his brow to exist and get by. He was at the mercy of the landowner.
The sharecropper would work hard from daylight until dark, year after year, eking out just enough to live on, but never enough to get ahead to lift himself out of his sharecropper role. He did not own any private property.
In a sense, we have become a nation of sharecroppers. We delude ourselves into believing we own the house we live in, when in actuality, we only possess and pay for it. It is controlled by the government. Ownership of property is a total concept. The entity that demands payment (taxes) and requires permission to do anything (add a deck) is the owner. You only possess and pay for it.
So here we are in the first decade of the twenty-first century, about to enter 2009, in a crisis in this once great nation like we have never seen before, deluded and diluted, not knowing what’s going to happen next, confused and dazzled by the footwork of a political government speaking only in millions, billions and trillions.
Stop, look and listen. The downward spiral is a result of the control and manipulation of a government control of the money. Money should be privately produced, not owned, controlled and manipulated by a centralized political government.
I think it was someone from the house of Rothschild who said years ago, “Give me control of the money and I care not who makes the laws.”
This is from a Persian proverb I read in a book titled Leaves of Gold. “He who knows not and knows not that he knows not is a fool—shun him. He who knows not and knows that he knows not is a child—teach him. He who knows and knows not that he knows is asleep—wake him. He who knows and knows that he knows is wise—follow him.”
Let Freedom Ring!
From “The Freedom Lady.”