Time: Sun Apr 20 01:20:57 1997 by primenet.com (8.8.5/8.8.5) with ESMTP id TAA05416; Sun, 20 Apr 1997 19:23:15 -0700 (MST) by usr07.primenet.com (8.8.5/8.8.5) with SMTP id TAA16434; Sun, 20 Apr 1997 19:22:55 -0700 (MST) Date: Sun, 20 Apr 1997 01:17:59 -0700 To: (Recipient list suppressed) From: Paul Andrew Mitchell [address in tool bar] Subject: SLS: 52 economic truths (fwd) >From: PawlRevere@aol.com >Date: Sun, 20 Apr 1997 21:18:21 -0400 (EDT) >To: PawlRevere@aol.com >Subject: A challenge ... > >... in undersanding economic reality, these are 52 Economic Truths as >recorded by Merrill Jenkins, Monetary Realist. > >1. Retaining the God given right to distribute one's own wealth is the only >guarantee of freedom from tyranny. >2. Money accepted as a medium of exchange subjects people and their >government to the influence of its creator. >3. Money is -- credit - imaginary demand - inflation - seigniorage >4. More cannot be returned to an only source, than is taken from it. >5. A contract cannot protect anyone who lacks the wealth with which to force >its fulfillment. >6. Supply and demand are wealth and can not be imbalanced. >7. During an inflationary effect "prices" and employment rise together. >8. During a deflationary effect 'prices' and employment fall together. >9. Whatever, during any exchange, is accepted as a medium of exchange, in >lieu of wealth, is imaginary demand (money, credit, inflation). >10. Wealth is material - money is psychological >11. Money can be created or destroyed in the human mind. >12. Inflation cannot be controlled. >13. Money created in the human mind, has to be accepted by all others to >function, once money is generally accepted all people will create it in >volume to satisfy their desires, and control is impossible. >14. Money accepted in exchange for wealth is subconscious fraud. >15. Rent is material - interest is psychological >16. Rent is a wealth charge for the use of borrowed wealth. >17. Interest payment would require that more be returned to an only source >than was obtained from it. >18. Interest is money charge for the use of borrowed money. >19. Wherever money is accepted as a medium of exchange wealth and freedom are >forfeited. >20. Money is accepted in exchange for wealth only until the psychological >nature of money is exposed, or until wealth expropriation consumes most of >production and the public begins to starve. >21. Where freedom reigns, those who do not produce food directly, have to >produce wealth or perform service to exchange for it. >22. Wealth exchanges freely on historic worth, money exchanges due to legal >tender laws and the public's ignorance of its true nature. >23. Money is a force of evil. >24. Attempts to control and circumvent free market natural laws, causes >hidden free market transactions. >25. Wealth is supply or demand by use or viewpoint. >26. As the exchanges of money (imaginary demand) for wealth increase, the >parity of money falls. >27. Inflation is possible without the inflationary effect only at the expense >of the standard of living, until wealth expropriation consumes most of >production and the public begins to starve. >28. Inflation held as savings does not cause the inflationary effect. >29. Inflation feeds on itself and accumulated at an ever increasing rate. >30. Money may exchange for wealth but it can never be wealth. >31. All money is imaginary and its volume can not be measured. >32. Wealth only as a media makes inflation impossible. >33. Inflation ends with deflation. >34. Money is valueless unless accepted in exchange for something. >35. Wealth has worth is use, consumption, or as media - money depends on >imagination and is usable only as a medium of exchange. >36. Deflation can be honorable only by redemption >37. The deflationary effect is possible without a deflationary exchange of >tokens. >38. Money has to have parity to have exchange value. >39. Wage and price controls obscure the inflationary effect but cannot >control inflation. >40. Parities are determined by exchanges developed by competitive bidding >with respect to return on labor, variations in time, location and >circumstance. >41. Exchanges determine parities. >42. Wealth supports independence - money enslaves. >43. Government regulations of the use of capital inhibit free enterprise and >cause economic decline. >44. Conspiracy to expropriate wealth with money assures the eventual >destruction of the conspiracy. >45. The main economic function of money is the expropriation of wealth. >46. Unless wealth exchanges for wealth directly credit extension or wealth >expropriation is the result. >47. Take away all that a man produces and he stops working. >48. Supply can never exceed demand because a quantity cannot exceed itself. >49. A fractional reserve monetary system embezzles production within its >sphere of influence. >50. Controlled prices oppose competitive parities. >51. No one can discover and disclose a truth based on a false premise. >52. Money expropriates wealth. > > > > > ======================================================================== Paul Andrew, Mitchell, B.A., M.S. : Counselor at Law, federal witness email: [address in tool bar] : Eudora Pro 3.0.1 on Intel 586 CPU web site: http://www.supremelaw.com : library & law school registration ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best Tucson, Arizona state : state zone, not the federal zone Postal Zone 85719/tdc : USPS delays first class w/o this ========================================================================
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