Archive for Debt

K is for Karma

Posted in All, Economics, Science, Spirituality with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on October 5, 2010 by marushiadark

“Do not be deceived, God is not mocked; for whatever a man sows, that he will also reap.” ~ Galatians 6:7

I’ve heard a lot of people tell me that the concept of karma isn’t expressed in the Bible, but I can’t think of a more concise definition of karma that than passage right there.  What you sow is what you reap.  So simple that even a child can understand, yet profound enough to have an impact on everything we do.  It’s also one of the few fundamental laws of the universe.  There aren’t very many absolutes in life, but causality, action-reaction, is one of them.  Everything has a cause and everything has an effect.  Nothing happens by accident.  If you had full and complete knowledge of a system’s causes, you could predict all its effects.

That’s really what karma is, except that karma tends to be more focused on the behaviors of human beings.  If you do something good, you’ll eventually be rewarded.  If you do something bad, you’ll eventually be punished.  And usually, that reward or punishment will be both in accordance with what you did and several times greater in yield.  Just as a single seed, overtime, can yield many fruits, each with many seeds of the same type, so too do our actions bear fruit.

In explaining the concept of karma, I’ve always found it helpful to think of karma as a form of spiritual currency.  Many of the same rules of currency can also be applied to karma.

For instance, say you get paid and are feeling really good about it.  You go to the bank and deposit your money into a savings account.  The bank then takes that money and lends it to someone else, so the money makes its way through the system.  The bank then collects interest on loans and transfers it to your savings account in the form of interest.  Now you have more money than you put into the system.  Conversely, when you take out a loan, the idea is that you borrow someone else’s money, use it to create something of value, and then repay the full amount with a little extra as the cost of doing business.  The extra value comes from having multiplied your commercial energy through the act of creation.  If you can’t pay your debts, then your creditors will add penalties and fees because they think you’re being irresponsible and squandering the money they gave you, so you must be taught a lesson.

When you do something for another person.  You are giving some of your own energy to that person.  They then take that energy and transfer it to someone else.  That energy goes into the system we call the universe, which has theoretically unlimited energy.  Eventually, some of that energy will come back to you through the deeds of other people or from the universe itself, usually with a bit more or at exactly the right time you need something.  So going things for others is like investing your energy into the Bank of the Universe and collecting interest on it.

Conversely, when you do something for yourself, it’s like taking out a loan.  You are borrowing energy from the universe to satisfy your own needs.  Hopefully, once those needs are met, you’ll be in a better position to give back that energy and contribute to serving others.  If you don’t, but instead squander that energy and use it to hurt others or deprive them, then eventually you will have to pay for what you’ve done with extra fees attached.

That is the basic principle of karma.  What you put in, you get out.  What you take out, you must put back in.

“For the wages of sin is death, but the gift of God is eternal life in Jesus Christ our Lord.” ~ Romans 6:23

I was listening to some audio lectures by Brandon Adams on commercial law.  One of the things he talked about is how the Bible can be seen through many lenses, one of which includes a commercial lens.

For instance, it’s said that Christ’s sacrifice has redeemed us.  What does it mean to redeem something?  If you have a coupon, you go and redeem it and get stuff.  Well, the redemption is basically a certificate that says the thing is prepaid, whether in part or in full.  It’s on someone else’s tab, a gift that you just have to accept.

Originally, we lived in a paradise called Eden, which was a commercial-free zone.  Everything we wanted was free for the taking, so long as we observed the rules that God set down.  The only rules at the time were be fruitful and multiply, take care of the earth and everything on it, and don’t touch the fruit on the Tree of Knowledge.  If the rules were broken, God would demand payment in blood.

Adam and Eve broke the rules by eating from the tree.  God said that the punishment for this would be payment in blood, but as we know, Adam and Eve didn’t die.  Instead, Adam and Eve were banished from Eden, i.e. they entered a different jurisdiction of law.  They no longer had access to free stuff and were forced to labor (Gensis 3:16 for Eve and 3:17 for Adam) for things.  God revoked the privileges of Eden, but discharged the debt, off-setting it to a later date.  So Adam and Eve and their descendants could live for a while, but they still had to pay for the damages.  Originally, they offered fig leaves, but God, being the creditor, wanted payment in the form of blood sacrifice, so eventually, the two would have to die.  During the course of their lives, however, they and their descendants would have to offer up animal sacrifices.

Cain tried to offer fruits and vegetables, but that wasn’t an acceptable form of currency.  Abel, on the other hand, offered God an acceptable currency in the blood of lambs, and God favored Abel more.  So Cain slew Abel to pay his debts, but this damaged God’s property (our bodies are vessels of the soul) and so God demanded restitution.  So Cain’s fate became the same as that of Adam and Eve: banishment and labor.

Abraham offered payment to God in this form as well.  Eventually, following the Exodus, this became the standard ritual and God further contracted with mankind in the form of a covenant.  Basically, sin is a form of spiritual debt and must be repaid in blood, which is where we get such ideas as an eye for an eye and a tooth for a tooth.  This is all balancing debts.

In Exodus 34:7, God declares that he is willing to offer mercy and forgiveness to those that have repaid their karmic debts, but that those who remain guilty, his wrath will extend to the man’s descendants.  Basically, this is the spiritual equivalent of life insurance.  If you have enough money saved up, your descendants will inherit when you die and receive a better start on life.  Likewise, if you leave the world in a better place than when you found it, future generations will reap the benefits.  Conversely, if you leave this world with a lot of debts, your family will suffer in paying your bills.  And unfortunately, we as humans have wracked up a lot of karmic debts over the course of thousands of years and the Bank of the Universe isn’t at all pleased with this.

So now we come to the time of Christ where Jesus volunteered his own life, taking on the sins (karmic debts) of the world.  He and God made a deal that Christ’s blood would replace the blood sacrifices of the Old Testament and serve as an extension of credit to the human race.  This is why Christ declares that his is the “blood of the new and everlasting covenant,” with the old covenant being “pay with the blood of animals or die.”

In dying for our sins, Christ gave us a great gift.  He settled our tab, as it were, and wiped the slate clean, balancing our karmic books and zeroing out all the accounts.  God would no longer demand blood sacrifice during the course of our lives.  The original debt had been paid.  So only new debts would affect us and it was our choice to put his gift to good use or squander it.  If we put it to good use, then we will eventually prove that we are responsible individuals worthy of returning to the commercial-free zone of Eden.  However, if we squander that gift, God will once again demand payment in blood and suffering.

M is for Money

Posted in All, Economics with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on September 27, 2010 by marushiadark

“So you think that money is the root of all evil.  Have you ever asked what is the root of all money?” ~ Ayn Rand

At the time of my writing this, I’ve yet to read Atlas Shrugged.  I think I might already know a great deal of what’s in it, much like when I first read The Lost Symbol.  However, at the insistence of my mother, and many others, apparently, I’ve made Atlas Shrugged the very next book on my reading list.

Even still, Ayn Rand makes a very good point.  What is money?  Have you ever really thought about it?

For most people, when you mention the word “money,” a lot of things come to mind.  To some, it means little green pieces of paper or metal with pictures of dead presidents on them.  For others, it may call to mind an image of the mint printing vast rolls of the stuff.  On the one hand, money can be the source of great stress and grief if we don’t have it, or great opportunity and abundance if we do.  Pious people avoid it like the plague, while people that have it are willing to do anything to get it and can’t seem to get enough of it.

Most of these are probably incomplete observations, made by equally  ill-informed observers.  I know that, for most of my own life, I kept having the wrong impression about money, and only recently am I beginning to see money for what it actually is.

But what is that, exactly?

The Uniform Commercial Code is the Bible of commercial law.  UCC Article 1, Section 201b, Line 24 gives the definition of money as it’s used throughout most of the world today:

“Money means a medium of exchange currently authorized or adopted by a domestic or foreign government.  The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.”

In brief, money is simply a medium of exchange, an I.O.U.

When you play Monopoly, the paper is just there to help regulate how much you’re worth in comparison to the other players.  If you run out, the game even tells you to make more money out of regular paper, because it’s just a medium of exchange with no inherent value of its own.  Or if you play in digital form, it’s all done via electronic transfers and moving numbers around.  It’s Bookkeeping, the Game and boy do we love playing it!

If this were a barter system, we’d trade goods directly, like a camel for five bags of potatoes, or whatever we happened to agree was an equivalent exchange.

Money is just an indirect way of trading.  For instance, say I had a hat, but needed a pair of shoes.  I meet a man who needs a hat but has an extra pair of shoes.  So I trade him the hat for the shoes.  Now this man, some time later, needs to buy food.  He needs the food more than his hat, so he finds someone who will make the trade with him.  In that process, the hat was used as money because it was the medium that facilitated exchanges.

If we wanted, we could really use anything for money, as long as it was agreed upon by everyone involved; and in ancient times, that’s exactly what happened.

It used to be that money was more than just worthless paper.  When things like gold, silver, beads, shells, stones, and feathers were all used as money, the money itself had inherent value.  It could be used in trade, or kept by its possessor because it was worth something for its own merit.  Over time, certain things like copper, gold, and silver became more standardized as money because their value as a medium of exchange was more universally accepted among disparate cultures.  Eventually, people began to store, lend, and borrow coins and soon the first banks were formed.  From there, it was a short while before people started carrying around certificates that represented an amount of hard currency being kept in a vault somewhere.  And thus, we arrive at paper money.

The documentary Money as Debt elaborates more on this concept and gives a brief, allegorical history of the evolution of money.

“For the love of money is the root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.” ~ 1 Timothy 6:10

Money is a form of power.  So it follows that the love of money is the love of power and of control over one’s self and others.  What we do with that power, however, is the determining factor.

Greed and lack are just flaws in perception.  The world is nothing but abundant with wealth and resources for all, and then some, yet this misguided belief of never having enough to survive is what leads people to commit both great and terrible acts in an effort to get more money.  Rest assured, it’s not the paper or the numbers that they want, but the power and the goods that said money represents, as you will see later on.

The cure for greed and the cure for poverty are one in the same: recognize that there is more than enough to go around for everyone and find a way to satisfy everyone at the table.

It is important to note that money is not, itself, a bad thing.  It’s just a tool, like a hammer or a pencil, that facilitates a purpose.  In the case of money, that purpose is to act as a catalyst for the trade of goods and services.  Just as guns don’t kill people, neither does money create problems.  It is only people that kill people or create problems.  How can money create something?  It’s just a tool.  Only divine beings, living souls, can create anything.

Without getting into too much detail, there is a principle in law that states that the created cannot be higher than the creator.  Who is the creator in this case?  We are.

We humans are the creators of every organization and institution on this planet, and we are the creators of governments and money.  They are our tools, our creations.  They have only the power and authority and value that we say they do or that we give to them; and we alone have the ability to revoke that power, authority, and value.  Whether we choose to abdicate our role as creator and be overrun by these Frankenstein monsters or not is our choice.  But eventually, the human race will be pushed to the breaking point unless it wakes the fuck up and remembers that the power was ours all along.

Like what Glinda, the good witch, tells Dorothy at the end of the Wizard of Oz, you’ve had the power to go home all along.  It’s just that you weren’t in a position to accept or believe it, and so no one told you, but instead left you to figure it out for yourself.  Well, consider this your wake up call, with me giving you formal notice the power is yours.

“The man who has no money is poor, but one who has nothing but money is poorer.” ~ Orison Swett Marden, New Thought author

Return we now to the subject of paper money.  It’s really almost absurd how everyone knows that paper money is just worthless paper, and yet we still choose to rely on it for everything.  We covet it as though it were the secret of eternal life.  But why?  What makes paper money so valuable?

Recall that, in ancient times, people used mainly gold and silver as money in the form of bars or coins.  Bars and coins were used because they could be regulated in terms of weight and purity, but they were not without their flaws.  The most basic reason for switching to paper money was because it was lighter in weight and easier to carry around.  You could write up a certificate for really any amount of money that you wanted, so long as you had enough gold or silver somewhere to back it up.

For hundreds of years, it was the case that all certificates of this kind could be turned in any time the holder felt insecure and he would be given an amount of gold or silver equal to the amount that was written on the document.  What had value wasn’t so much the actual paper, but the confidence that it could be exchanged for something of worth.  And soon people began to trade these papers as though they were actual value.

If you look at the top of any American dollar bill, you will see the words “Federal Reserve Note” scrawled on it.  The word “note” in this case means a promissory note.  In other words, it’s a promise to pay.

If you’ve ever taken out a loan, you probably filled out a promissory note and gave it to your creditor or bank.  That promissory note is your promise to pay.  It’s your promise to them that they can redeem it for something of actual value.  With that confidence, the note can be exchanged as though it were actual currency.  They can trade it in for whatever it’s worth (which these days is just an extension of credit).

Things start to get interesting when you begin to realize that all cash is just a promissory note.  What we think of money is really just our promise that the holder will get something in return for it.

More interesting still is that, if you look at a dollar bill, it no longer says “redeemable in gold or silver.”  Prior to 1933, all dollars were promises of payment in either gold (which was standard) or silver to the holder.  So what happened in 1933?

“What difference does it make how much money you have?  What you do not have amounts to much more.” ~ Seneca

For a more in-depth history, I would recommend the documentary The Money Masters, but suffice to say that the history of America has really been one of banking and trying to avoid central banks, in particular.  The Founding Fathers resisted the Bank of England and wrote into the Constitution the power of Congress to coin money and to regulate its value.  And our country managed to survive well enough without a central bank for over a hundred years.  Since our inception, private international banks have tried to get Congress to give over that power to them and, in 1913, President Woodrow Wilson finally caved with the signing of the Federal Reserve Act.  From then on, the Federal Reserve (a private international bank) would be the sole creator of all the currency used to fund the government, which it lent to us at interest.

Prior to 1933, the United States was on a gold standard and most of its currency was backed by gold.  In 1933, President Franklin Delano Roosevelt ordered a seizure of all the gold held by private citizens in an effort to pay off the national debt.  With the signing of HJR 192 on June 5, 1933, the use of promissory notes backed by gold was ended and a new form of currency replaced it: the Federal Reserve Note.

Federal Reserve Notes (which replaced United States Notes) are what’s known as fiat currency.  Fiat means that is isn’t backed by a commodity (like gold), but has value because of government decree.  It has value because the government says it does and will force you to accept it if offered for the payment of any and all debts in the United States.

If you look in the corner of the dollar bill, it says as much.  The word “tender” in this case means “an offer of money.”  It’s an offer of money because it’s only a note, which is a promise of money, not actual money itself.  There is no money.  Roosevelt took it all from us to pay the debt, which we still have hanging over us to this very day.

Following World War I, Germany was in bankruptcy because a lot of its infrastructure was destroyed and it had no money to rebuild or to pay the war reparations that its enemies demanded as a condition for accepting German surrender.  As a result, Germany suffered massive inflation and the Deutsche Mark became incredibly devalued without anything to back it.  It is said that marks were used to wallpaper people’s houses, that’s how worthless they were.  It was only through the aid of private banks and corporations – some of them American – that the Nazis were able to rise to the levels they did, and we all know how that turned out.

Similarly, after the Great Depression, people began to hoard gold as the only valuable form of currency.  Without gold and value passing through the American economy, the government had no funds to operate with.  It couldn’t afford to maintain its military in wartime or repay the Federal Reserve and its other creditors.  So the United States was also forced to declare bankruptcy and stole all the gold of its citizens in an effort to pay off its debts.

While we may have gotten out of the Great Depression through a re-stimulating of the economy via Roosevelt’s New Deal, we continue to employ the Federal Reserve and its worthless paper.  So a rational person would have to conclude that it’s only a matter of time before we fall back into that same pit again.  Only next time, it’s liable to be a lot worse.  Remember, we brought the Fed into this world and we can certainly take it out.

Thoughts for Labor Day

Posted in All, Economics, Humor, Politics with tags , , , , , , , , , , , , , , , , , , , , , , , on September 6, 2010 by marushiadark

“… to celebrate work by being at play.” ~ Unknown

Today is Labor Day (not to be confused with Labour Day), a day commissioned to honor the social and economic achievements of the working class.  Sounds great, doesn’t it?  Having parades in honor of the hard-working, blue collar men and women of America.

How do you plan to celebrate this most American of holidays?  Take the day off?  Have a barbecue?  Watch a parade?  Go to a ball game?  Or maybe just sleep until noon?  After all, you probably haven’t had a Monday to yourself since Memorial Day.

Yes, Labor Day is a day dedicated to you, the L5 vertebra in the back-bone of our society … or at least that’s how they sell it to us.

If you were to look at the history of Labor Day, you’d see very quickly that it was actually the result of political expediency in an effort to placate the masses.  President Grover Cleveland, no doubt at the behest of railroad lobbyists, ordered the U.S. military to step in and put down a group of workers exercising their Constitutional right to peaceful protest against what they believed to be unfair working conditions.  Many workers were killed and the whole thing was a political disaster stacked on top of questionable authority, so the President hastened the approval of making Labor Day a national holiday in the hopes that people would be too distracted by the big fancy floats to remember what happened.

Talk about buying people off!

But that’s all in the past, right?  The U.S. government no longer treats workers like crap.  I mean, this isn’t Communist Russia where we have things like graduated income tax, confiscation of property, centralized credit systems, centralized communication and transportation systems, property taxes, state-sponsored schooling, disproportionate rights for immigrants and rebels, … oh wait.  I guess we do have all that stuff over here in America.

Just that we had our workers revolt a few years before the Russians did.  And here we were worried about them beating us at something.

“If hard work made you richditch diggers would be rich.” ~ Proverb on Work

You might have heard that quote before, perhaps even in a letter about starting a business from home.  I’m not here to tell you to go and do that, but it raises an interesting point that there’s a disparity between what we’ve been conditioned to believe about working to earn money and the truth.

We’re taught from an early age that having a job and working hard makes you a successful and upstanding member of society; yet for most of us, the reality is probably a lot different.  The truly sad part, though, is that we’re all aware of it to some extent, but we either ignore it or think we’re powerless to do anything about it.

For instance, have you ever wondered how it is that 1% of the population earns 95% of all the money and can get away without paying any taxes on it to boot?  If you haven’t, then consider this is your wake-up call.

That 1% owns 95% give or take a few percent.  So if there were a hundred people in a room with a million dollars between them, one person would have $950,000 and each of the other ninety-nine people would have little more than $500 each.  Does that not seem unfair to you?  I count myself among the 99% and I think that’s unfair.  I mean, there’s ninety-nine of us and only one of him.  Why don’t we all just get together and make him give us a bigger cut?  Maybe he’s a really great guy that contributes a lot to society, so he can get a slightly bigger slice than the rest of us and that’s fair, but I seriously doubt he’s ninety-five times better than any one of us.  As a matter of fact, in all likelihood, he’s probably about ninety-five times worse than any of us.

But I’m generalizing of course.  Not that you go out and murder every rich man on the planet, although in the long-run it might be a lot fewer bodies.

“All the measures of the government are directed to the purpose of making the rich richer and the poor poorer.” ~ William Henry Harrison

I once read that, in a single year, David Rockefeller made $16,000,000 and paid no taxes on any of it; yet in order for us to pay off the outstanding national debt, income taxes of every man and woman in America would have to be raised to something like 65% of their total income.  With the amount you pay on taxes now, do you think any of us could survive such a thing?  Maybe it’d be worth it if we got something in return for it.  But I bet most of you reading this article right now are probably struggling with what you already have, trying to make ends meet while busting your ass for forty, forty-five hours a week or working two jobs or something, with kids and rent and family medical expenses on top of all of that.

I should know, since I’ve seen my own family go through that very thing.  My mom works as a nurse – sometimes twelve hours a day – and my dad is a general contractor.  My first job was working for him over the course of several years for next to no pay at all.  For a while, my dad had no work during the most recent recession, so my mom was supporting us all by herself.  Ours is a family of four kids, two dogs, and a mortgage.  Thank God we’re all healthy and went to public schools or we’d be in even worse shape than we are now.

“There’s nothing so useless as doing efficiently that which should not be done at all.” ~ Peter F. Drucker, Social Ecologist and Management Consultant

As Peter Joesph, creator of the movie Zeitgeist (linked in sidebar) put it, “Most people think of having a job as some form of basic instinct.”  Without much question on our part, we sell our time and labor out for money to some dictator we call “boss” for little pay and even less respect.  And the jobs we do are done solely because, if we don’t, we are going to lose our house or our health insurance or our vehicles or whatever.

Obviously, it’s not a totally unreasonable thing to do what you have to in order to survive, but working harder isn’t always a guarantee of fulfilling our needs, either.  And even then, we’re just taking care of our physiological needs.  We’re being kept alive to do … what, exactly?  Working hard to keep us alive just enough so that we can keep on working hard?  That’s what I thought.  What’s the point of laboring if you don’t get to enjoy the fruits of your labor once in a while?  Most people put off their enjoyment until they’re old enough to retire (which is usually some time in their sixties, if at all).  But even a poor orange grower gets to eat oranges one season out of every year.

It’s one thing to save for a rainy day, it’s another thing entirely to save every penny for a day that might never come.  If you aren’t living and enjoying life now, then you’re doing something wrong.

What that something is depends on your particular situation, but there are a few general things you can do.  For starters, I’d recommend reading the book The Richest Man in Babylon, as it has a lot of wisdom on earning money and making it work for you.  Wisdom that is really timeless.

Working hard will not be enough to get you what you want in life.  Trading your income for labor is something that a robot or a well-trained monkey can do and you’re not a robot or a monkey (not even a well-trained monkey), so you need to begin to work smarter, not harder.  Instead of working that dead-end job in retail or telemarketing (which is only helping to bring down the whole of society), figure out what it is you love doing and develop a plan around that.  You’ll be a lot happier for it.  And take some time out to enjoy life once in a while.  Otherwise, you’re little more than a cog in some great big corporate machine that churns out tools and bureaucrats by the barrel-full.

As I’ve often said, there’s a difference between work, a job, a career, and a hobby you get paid for.  Work is back-breaking labor, a job is a tedious task, a career is something you’re stuck doing for the rest of your life and a hobby you get paid for is just that: a hobby you get PAID for.  Wouldn’t it be nice if we could all do what we loved and then get paid for it?  If we did, I’m sure some robotics geek could build the machines to do all the other things we hate … and he would have fun while doing it, too.