When a Jackson Ain’t Worth a Benjamin

$10 dollar bill

Now they want to change the face of fiat - before than ban it all together. 

It is akin to changing the packaging. Few will notice a few less ounces of cereal or sugar at the same price. 

The meme that they can’t seem to get enough — no matter how hard they try

Just on the heels of this new movement to remove hard and paper currency, we have the simultaneous distraction of changing the face of the $10 bill. 

Once again it feels like a very carefully placed distraction. Creates the illusion that the powers that be are pretend like we are paying very close attention to money while simultaneously testing a political trial balloon. 

What an excellent opportunity placing a new, perhaps modern activist on the face of the ever demising value of the $10 bill. 

Pardon the cynicism, but is this all that is required to keep the populace distracted from the true history and nature of money?

I’m afraid so.

Recently. Secretary of the Treasury Jack Lew announced on Wednesday that the Bureau of Engraving and Printing would replace the portrait of Alexander Hamilton on the $10 bill in favor of one featuring both Hamilton and a woman to be named later.

"I'm proud to announce today that the new $10 bill will be the first bill in more than a century to feature the portrait of a woman," Lew said in a statement on YouTube. "This historic endeavor has been years in the making."

The irony is that this will be applauded by the masses. 

As the timing coincides perfectly with the kindled social movements - the political wedge issues carefully illuminated to keep us distracted. 

A little fear, a little joy. The ‘Goldilocks of propaganda’. Issues come armed with emotion.

President Jackson has been the victim of lots of character flaws. 

And in the minds of many, he is a Lord from a guilty moment in American history - the poster child of slavery.  

But the real issue is the revision of history. Removing Jackson is like removing another layer of opposition. An historic opposition to a centrally controlled monetary system. The American led referendum against the US Central Bank. 

Of course taking him off of the $10 bill is almost a another kind of symbolic move to remove a character who was key opposition to the central banking phenomenon

But Defending Jackson now means that you are an apologist for slavery

No sense in wasting political capital. This is well played. 

At the pinnacle of monetary irresponsibility, where the world has collectively detached from any tethering to hard money we have consequently printed to a level held at bay only by whims of statistical management and propaganda. And yet at the same time we see very dramatic real events unfolding. 

And ultimately if it’s that easy to change something that stood the test of time, how much easier would it be to eliminate the cash all together.

***

“Is gold money?” he asked.  Clearly bothered, Bernanke told the representative, “No. It’s a precious metal.”

After Paul interrupted him to note the long history of gold being used as money, Bernanke continued, “It’s an asset.  Would you say Treasury bills are money? I don’t think they’re money either but they’re a financial asset.”

The irony here is Rich. That he could say this after admitting to everyone that gold was just tradition.

The irony is the reaction from the central banker that will go down in history as the digital age version of German central banker Rudolf Havenstein.

No wonder, so few notice the sinister effects of inflation.

Former Chairman of the US Federal Reserve, Ben Bernanke had this to say about the proposed change to the fact of the ten dollar bill… An expression of opposition, no less: 

“The former chairman of the Federal Reserve, Ben Bernanke, is claiming in a blog post that he’s a huge fan of Alexander Hamilton. Mr. Bernanke qualifies America’s first treasury secretary as “among the greatest of our founders for his contributions to achieving American independence and creating the Constitution alone. In addition to those accomplishments, however, Hamilton was without doubt the best and most foresighted economic policymaker in U.S. history.” So Mr. Bernanke is opposing the demotion of Hamilton from his featured spot on the ten-dollar bill”.

Of course another Benjamin — one also not free from controversial thinking-  might be someone better to follow. 

If a man empties his purse into his head, no one can take it away from him. An investment in knowledge always pays the best interest. - Benjamin Franklin 



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