"MONEY"THE GREATEST HOAX ON EARTH
"Money" in the United States is: Make-believe "Dollars"; paper and ink records of numbers preceded by a dollar sign ($) in bookkeepin entries, accepted
by the people as imaginary mediums of exchange, whose volume increases daily with official and individual conjurings; are seignioragge, credit, inflation, money, and totally intangible,
cannot be sighted, heard, smelled, tasted, or touched, can exist in human thought only, and are shifted about by check and credit card to "settle by imagination" ninety five percent of
all indebtedness.
An Eyewitness To Counterfeiting In every nation in the history of the world, has it not always ended up a war between the ruling class and the people? The king wants more and more, and the people continually settle for less and less. In 20th century America, the bureaucracy reversed the roles of master and servant by absconding with the wealth -- lawful money -- and silently became that ruling class. The currency switch was one chimerical sleight-of-hand, the installation of slug coins another which was not so easy. Here is how it was done.
In late 1959, National Rejectors of St. Louis, Missouri -- the manufacturer of ninety-seven per cent of the coin acceptance devices in the United States -- received an unannounced visit from several agents of the U.S. Treasury Department officiously flashing their badges and credentials. The company's top inventor-designer was a brilliant New Yorker from Brooklyn by the name of Merrill Jenkins. The officers desired an interview with Mr. Jenkins regarding a subject that was normally kept under tight corporate security.
"What techniques," the government agents asked him, "might a counterfeiter use to deceive state-of-the-art coin acceptance machines?" Believing that he was helping to protect the interests of the United States Treasury and, therewith, the American people, Jenkins revealed over the course of the interview that the counterfeiter who could manufacture a copper slug sandwiched between two faces of nickel would have himself a coin costing between one and two cents (depending upon its size). The mechanical acceptors would then mistakenly read the coin as being made of the silver the machines were designed to receive.
"But don't worry about it," Jenkins assured the officials. "We are talking about a complicated process. Only a very sophisticated syndicate with unlimited resources could turn out these coins in quantity." Little did he realize that he was revealing secrets of national security to that very syndicate, the actual one with its eye on discovering the method of creating unlimited resources. "The counterfeiter the Treasury was pretending to guard against," he later constantly told lecture audiences for the rest of his life, "was the Treasury Department itself."
When the Coinage Act of 1965 began turning those coins out in dime, quarter, half-dollar, and dollar denominations, the middle-aged inventor was shocked. Merrill Jenkins felt his confidence had been betrayed. Eventually, he quit the firm and began exploring the historical relationship of governments to money, and he spent the rest of his life writing books and speaking publicly in an attempt to help ordinary mortals comprehend the gravity of the situation. Strange to him at the time, no major publishing house would touch his writings, and he had to self-publish each piece as he could afford it. After his death in 1979, a handful of followers picked up his torch.
At the time of Mr. Jenkin's death, America had endured more than a decade of the infusion of fiat money. Both the coins and currency in circulation were irredeemable in gold or silver for the first time since the "Not worth a Continental" days of the 1780s. Predictably, the once great nation had plunged itself into the very kind of economic chaos the Constitution had been written to cure and prevent. Inflation began to creep like never before in their lifetimes, but the people swallowed all the economic propaganda without question.
For years we have been warned by those who have been there: "Don’t try to explain the money issue to a jury. They just can’t get it in one short lesson." Agreed. But if the "Paper Money" scheme seems tough to sort out, believe it that the coinage fraud is even tougher.
Merrill Jenkins understood it better than anyone. After all, he lived the deception first hand. From his masterpiece, Money – The Greatest Hoax on Earth, from which there is an education on every page, we glean a tidbit:
"If it were possible to educate the people, and if it were possible to go back to wealth media, the extraction of wealth would cease and our nation would resume its progress toward ever greater individual standards of living. That is why they outlawed gold and silver coins. This was our wealth media. That is why they melted our silver coins and sold our silver at auction. They don’t want us to use wealth media. If we use our wealth media, we own our wealth and the elected officials become servants of the people. The public would regain the power to direct the policies of their government."
Merrill Jenkins' works are a "must" for the bookshelf of any monetary realist.
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