The following is a rough draft of THumP®’s exclusive video on money. The Board of Directors has approved this initial first rough draft and has asked for some additional information to be added in the final version.
The intent of this video is to help people understand how and why poverty exists, and why the ONLY solution to end poverty is to increase the money supply (i.e., issue money) and control inflation, then put enough money in the hands of those living in poverty to pay for their basic necessities of life.
[Editor’s note: See updated information on The HumanECard® and ending poverty.]
See how THumP® proposes to accomplish this here.
Comments and suggestions from party members are encouraged.
Enjoy. And may there be no more poor among us!
(Note: This is a rough draft. Grammar and punctuation, along with a few additions will be forthcoming before the final video is released.)
What is it?
Where does it come from?
Why is it so important to human life?
Having money seems to be the main concern of all people on earth.
Yet at the same time, many condemn money as humanity’s greatest evil.
Conspiracy theories thrive on what money is and how it’s controlled.
Do a few powerful people control money?
Do these few, then, control the rest of us?
Or is money a byproduct of human nature and greed, and does exactly what we expect it to do?
If money is the root of all evil, then why does everyone want it so badly?
Are we evil?
We just might be.
Money divides us into classes of opportunity. A few are afforded more opportunities, because they have more money than others.
The world’s greatest minds all agree that money has corrupted humanity.
Even the institutions that we believe exist for our good, could not exist without money.
Religion condemns money, yet depends upon it at the same time.
Gods and devils have been created by religion to motivate believers to pay money as a form of worship.
Gods blesses us with it, and the devil tempts us with it. It is used to deceive and to inspire, depending on the agenda of the one using it.
A clear meaning of what money is is often blurred by human ignorance and imagination.
The Bible’s most feared number, six hundred three score and six (666), implies evil and a number associated with the devil.
But actually, this “number of the beast,” as it is referred to, has NOTHING to do with the devil, but all to do with the number of an actual man and his money.
Revelation’s author had only one source for the religious symbolism he used in his text: the Old Testament of the Bible.
Old Testament text reveals that the man, upon whose number 666 is based, was the wealthy King Solomon:
“Now the weight of gold that came to Solomon in one year, was six hundred three score and six talents of gold.” (1 Kings 10:14)
The same religious leaders, who preach about the evil of money, also demand it for salvation.
The Roman Catholic Church was first to give money a direct correlation to salvation:
“Those who approach the sacrament of Penance obtain pardon from God’s mercy for the offense committed against him, and are, at the same time, reconciled with the Church which they have wounded by their sins, and which by charity [donations], by example, and by prayer labors for their conversion.” —CATHOLIC SACRAMENT OF PENANCE AND RECONCILIATION
To some, religious donations in the form of tithing provide a form of “Fire Insurance” against a day of judgment and BURNING:
“Behold, now it is called today until the coming of the Son of Man, and verily it is a day of sacrifice, and a day for the tithing of my people; for he that is tithed shall not be burned at his coming.” (Doctrine and Covenants 64:23)
As people look to religion for good, is the wool being pulled over their eyes by their leaders, who turn around and use the money for their own enrichment?
Is there a correlation between how much God blesses a person and that person’s financial prosperity?
Many modern religious leaders seem to think so, and preach a Theology of Prosperity.
This doctrine teaches that financial prosperity is a direct result of how much one donates to God. These believers have been convinced that if they show sufficient faith in God through the payment of tithes and offerings, in return, God will bless them with prosperity.
These religious payments for salvation go back long before money became the worldwide medium of exchange.
Ancient people were convinced that they would receive God’s forgiveness and blessings in exchange for the first fruits of their fields and best cuts of meats from their prized animals,
“And he shall bring his trespass offering unto the Lord, a ram without blemish out of the flock, with thy estimation, for a trespass offering, unto the priest: And the priest shall make an atonement for him before the Lord: and it shall be forgiven him for any thing of all that he hath done in trespassing therein.” (Leviticus 6:6-7)
So which is it?
Is money good and from God?
Or is money the root of all evil and from the devil?
A more logical question should be considered,
“Is poverty good or evil?”
Has humanity taken something that is evil (the pursuit of money and worldly success) and made it good?
Or perhaps, we have taken something good (providing the basic necessities of life free of charge, without forced labor) and made it evil?
It’s up to all of us to decide how we view poverty and how much we want to eliminate it.
Again, are we good or evil?
Money creates wealth AND poverty.
Wealth is the ability to purchase things with money;
And poverty is simply the lack of money to purchase things.
Wealth and poverty are determined by the supply of money that exists.
The easiest way to explain this is by using the gold standard as the basis for all money.
Let’s suppose that no coin or currency exists. Only gold is used as a medium of exchange.
It has been estimated that humans have mined about 6 billion ounces of gold from the Earth since humans first began valuing gold as a precious metal.
If we took all the gold that has ever been mined throughout human history and divided it between the 8 billion humans who exist upon Earth today, it would give each person about 3⁄4 of an ounce of gold.
Converted into U.S. dollars, with today’s current value of gold, this would give each person about $1,000 that one could use throughout one’s life to buy all the things that one needs to live, which would also include those things that one wants.
Keep in mind that since we are depending on gold in this scenario, and no other source of currency is used, when a person gives up some of their $1,000 to another, they can only replace the money they gave away by taking it from someone else.
For most people, the basic necessities of life will use up all their money:
$ 300 food
$ 500 rent
$ 100 utilities
$ 75 clothes
$ 25 taxes
This leaves no money for healthcare and education, nor any other thing that one might want in the pursuit of happiness.
And when one has paid for these typical monthly expenses, there is no money left for the next month.
The person is forced to get money from others any way possible. If they do not get money from another, they cannot continue to live.
When the farmer takes his money, and the landlord takes his, and the clothier takes his, and the government takes its, nothing is left … but poverty.
The majority of people do not have the resources or knowledge to supply their own demands.
In most cases, a government prohibits people from supplying their own demands.
One cannot homestead a parcel of land without being forced to pay money in property tax. And all of Earth’s most fertile lands, where one might exist independently without money, are privately or government owned.
Ideally, getting a job and being paid by someone who has money is the way to replace the money spent on the basic necessities of life.
But this only works when others are willing and able to give up part of their money.
Again, keep in mind that this scenario is based on the gold system where there is a limited amount of money to use for buying and selling. When the person gives up some of their money, they can only replace it by taking it from someone else.
Those who supply the demand for the basic necessities of life have the upper hand. Wealth is created when a supplier provides these things for one who demands them.
The suppliers take all of the $1,000 from a person, and in return, might provide that person with a job, to help supply the demand, but will never pay the person all of the $1,000 that was taken in the first place.
To increase their lifestyle and wealth, the suppliers require more money than just their original $1,000.
To gain more money, the suppliers must keep a portion of the $1,000 they receive from others for the goods and services that they provide.
The supplier keeps back a portion by paying lower wages paid to the worker than the amount it costs to produce the goods and services.
This is called profit.
If the supplier does not pay the worker back the original $1,000 that the worker paid out for the basic necessities of life, the laborer is forced into a lower standard of living, determined by the amount the supplier keeps as profit.
Let’s say that the supplier keeps back $100 as profit.
The laborer, who needs $1,000 to sustain their current lifestyle, is only paid $900 by the supplier.
The standard of living that the laborer’s $1,000 could afford, is no longer affordable.
The laborer can only afford a standard of living that is worth $900, the amount received as wages from the supplier who wants to make a profit.
But when the laborer pays the $900 he earned to the supplier, again, for the basic necessities of life at a lower standard of living, the supplier still has a desire to earn more profit. So, the laborer’s wages are again cut another $100 to $800.
The supplier must continually lower the laborer’s wages in order to continue to make a profit, when the profit that the supplier desires is directly associated with the laborer’s ability to buy the goods and services from the supplier.
Eventually, all the money, in this case, all the gold, was in the hands of the suppliers and there was no gold left for the laborer to purchase the goods and services that were required to live.
This is the state of the current world, and is how worldwide unemployment and poverty was created by the gold standard.
This is how kings and queens, in other words, the governments of the world, gained their wealth and were able to control the people.
The kings and queens controlled the supply of all the goods and services in their kingdoms. And the royalty controlled all the gold.
In modern times, the governments control the supply of all the goods and services in their nations. Governments also control all the money.
The governments became the controllers of the suppliers … or vice versa, the suppliers became the controllers of the governments.
In modern terms,
The governments control the corporations, and vice versa, the corporations control the governments.
The early American governments and corporations, basically one in the same, loved gold, and they wanted more of it.
But how did they get it?
They supplied and controlled the goods and services that the people needed.
But they would not provide these things unless the people gave them gold in return.
In the middle of the 19th century, in the United States of America, the poor were frenzied by the need for gold.
The Gold Rush began.
The wealthy sat back and smiled as the poor rushed out West, trampled over each other, and often killed each other in the search for gold.
The wealthy sat smiling back East as the poor setup cities out West–because they were finding gold. The wealthy wanted all the gold that was being found.
The wealthy knew that they would eventually get all the gold.
They knew this, and were smiling, because they knew that when the poor found the gold, the poor would need their goods and services to survive ….
Because you can’t eat, live in, or wear gold!
One man in U.S. history epitomized this corporate greed and how it worked at that time:
His name was Sam Brannan.
Brannan would become one of the richest men in California, but he never mined a single ounce of gold himself, nor did he labor or sweat. Neither did any of the wealthy suppliers back East, or the wealthy who had established themselves in the West.
Brannan bought every axe, pan and shovel available. Then he announced in San Francisco that gold was discovered and plentiful in that region.
The poor rushed to the San Francisco area by the droves. But the metal prospector’s pan that Brannan had bought for 20 cents, he now sold to the desperate miners for $15.
Where there was gold, there was someone trying to take it from the poor to increase their own wealth.
Businesses were started during that gold rush by exploiting the American system of supply and demand.
These businesses would become mighty corporations one day and would last through the years and make a few people very wealthy.
The poor miners were working so hard that their clothes were literally rotting on their backs. Levi Strauss stitched some sturdy canvas together and fashioned a pair of pants that would last 10 times as long on a poor man’s body than any other cloth.
A New York butcher saw the need of supply and demand and made a fortune supplying the needs of the desperate miners. His name was Phillip Armour. He would become one of the wealthiest men in the meat packing industry.
For the likes of John Studebaker and Henry Wells and William Fargo (Wells Fargo), taking away the gold from the hard working majority created their personal wealth.
But this didn’t seem evil to the people.
If one person could do it, then why couldn’t everyone else?
Everyone else couldn’t do it, because there was only a limited amount of gold. This exploitation of supply and demand would become the “American way.”
Ironically, in the future, Amway (America’s Way), a multi-level marketing corporation, would develop and continue to exploit the idea that the majority at the base of the pyramid should support the few rich at the top.
The few who make it to the top of the pyramid, although supported by the majority who do all the work, feel a sense of accomplishment and justification.
“We made it to the top. So can every one of you at the bottom,” is the rhetoric used by the few to entice the majority to keep working hard.
This American Way is the Great American Deception.
Because if everyone made it to the top, who would provide the labor to fortify the foundation at the bottom?
It would take the Great Depression of the early 20th century for the governments to learn, that in order for the people to have the money that they needed to survive, they could no longer depend upon the wealthy corporations to share their profits with the laborers.
Again, the wealthy had all the gold, and they wanted more, but the gold supply was limited.
If there was no more gold being found, then the corporations needed to protect the gold that they already had.
They did this by firing workers so they wouldn’t have to share their pot of gold.
The workers were left to fend for themselves in search of the gold that was nowhere to be found because it was already owned by the wealthy.
To quiet the masses and avoid mass starvation, which would have led to revolution, the US government was the first to leave the gold standard and start printing money to replace the gold that the poor could not find.
How does the government legally print money?
Who gave the government power to leave the gold standard and start printing money?
The United States Constitution.
The Constitution does not mention gold, not even once. Nor does it mention printing money, although it implies it.
Congress has the legal right,
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;” (Article I, Section 8)
But before Congress can “coin” or print money, its power is preceded by an important part of the U.S. Constitution that most people miss.
The most important power, and the most significant to the wealthy, given to the U.S. Congress in order to meet the government’s financial demands, no matter how expensive those demands might be, is the power,
“To borrow Money on the credit of the United States.” (Article 1, Section 8)
Before the U.S. government can print money, it must first “borrow it on credit.”
And from whom does it borrow the money?
From those who have it.
Those who have all the money wanted to increase their wealth by charging the government interest on the money they lent it on credit according to the law of the Constitution.
In accomplishing this scheme, the Founding Fathers cleverly incorporated a way to secure their personal finances LEGALLY within the U.S. Constitution.
These “wise ones” made it a law that the government would be forced to borrow money from them and then be required, by law, to pay them interest.
And to protect their interests from the democracy of the people, these same clever Founding Fathers, gave sweeping powers to an undemocratically appointed body of Senators that would protect their interests.
The original Senate was appointed by the wealthy of each State.
The U.S. Constitution protects and enriches those who set it up in the first place, as well as those whom would benefit from it in the future:
For this very reason,
The wealthy find no problem with the current government borrowing as much money as it needs to keep the people from revolting.
There’s not much anyone is going to do about the way that the wealthy retain and increase their wealth.
Because everyone wants to be wealthy and have financial freedom.
Everyone wants to be at the top of the pyramid.
For most people, every waking hour involves the pursuit or dreaming of financial
But what the people do not realize is that in order for them to sit at the top of the pyramid, many others must remain in poverty at the bottom and perform the labor necessary to support a lifestyle at the top.
Everyone who has joined a multi-level marketing venture, dreams of being rich.
Everyone who has played the Lottery, dreams of being rich.
Everyone who goes to college, or who pursues a career in sports or other entertainment venues, dreams of being rich.
And there’s only one way to become one of the rich 1% under the world’s current economic system:
Take advantage of the poor 99%.
There is no other way.
Now is this evil or good?
It depends on whom you ask.
The 80 million people (1% of the world’s population) who have made it to the top and live with general prosperity and financial security, control the lifestyles of the 99% with poverty, as it has been explained.
This is evil and an affront to our humanity.
If it does not change, the 99% will become more desperate.
As the majority begans to see the unfair economic playing field that exists in the world, they act out in frustration against the 1%.
This is what creates religious fanaticism.
Because if God is the benefactor of economic prosperity, then the Muslim god, for example, must be very angry with the Christian and Jewish gods that are providing financial prosperity to the infidels of the West.
This jealous god is forced to fight (with war) the injustice and turn the tables on the heretic gods.
This creates and justifies terrorism.
There is ONLY one solution.
And it is not found in tearing down the wealthy and taking their money.
This will never be the right choice, as long as everyone wants to become wealthy
The desire for wealth creates social innovation and technological progress.
Becoming wealthy from one’s desire to supply something others want should never be punished or discouraged.
If one among the 99% becomes wealthy, that one would expect to be protected in his or her financial security.
The wealthy must be allowed and protected in becoming so.
With the availability of more money, that can only happen by creating more, there are more possibilities to become wealthy.
And the greater the chance that the poor might reach that goal, their hope increases.
The greater their hope, the more faith they have in their gods and the blessings they are receiving. Their gods then become gods of peace, not war.
Because those who are already wealthy will not give up their personal wealth, the only way to create more wealth is to increase the supply of money.
However, the current process of printing more money requires that the money be borrowed from the wealthy first, and interest paid on what is borrowed.
If we borrowed all the money that exists from the wealthy, and paid them all the interest they desired, it would still not be enough to end poverty throughout the world.
Not even close.
The only way that poverty can end is if the Constitution is changed and government is allowed to print as much money as is necessary to end poverty.
As the opportunistic American, Sam Brannan, proved during the Gold Rush, where there is a greater supply of money, greed shows its ugly head and the suppliers inflate their prices according to the demand.
The right Constitution must also include an Anti-Inflationary law that controls inflation and greed.
The New Deal act of the 1930’s did not end poverty. Why?
Because the government gave the money to the wealthy in hopes that it would trickle down to the poor and needy. It did not.
Just enough new money must be given to the 99% so that they can purchase the basic necessities of life, creating an increase in supply and demand. This will create many new jobs, that people will not be forced to do, but will want to do.
This will create an enormous demand for the goods and services that supply the basic needs of the people, which in turn will raise the standard of living for the poor,ending poverty as we know it.
It doesn’t matter how much money is printed to meet the basic demands of human need.
The new money will eventually end up in the pockets of the wealthy anyway, as they find new and innovative ways to raise the standard of living for the poor.
But now, they will find wealth in doing good.
And money will no longer be the root of all evil, but the foundation of all good.
The Humanity Party® has the plan to accomplish this.
Please review our plan and our proposed Constitutional reforms.