Peace of Mind News

At the end of yesterday’s article I wrote, “There are not enough dollars in circulation to pay back all the debt…Dollars are created when debt is created. No dollars are created when interest is paid. Therefore, once the first dollar of interest is paid, there is no longer enough money in circulation to pay all the debt.”

After I wrote this, I better understood an oddball quote that I had seen a few days before.

Without money, we’d all be rich.

I recognized more of this truth as I visited the local IRS office with a new client to correct a previous year’s tax return. The correction was simple. The IRS agent decided to make it complex. He obviously didn’t understand the tax code. When I asked questions, he answered rudely.

Before I could say anything, my client picked up his paperwork and headed for the door; carrying his anger with him.

As I ran to keep up with him, I realized the scarcity of not enough money was the source of the anger and frustration both for the agent and my client.

Without money, we’d all be rich.

I gained greater appreciation for this idea as another new client discussed her taxes with me later that day. She worked in a service profession that didn’t pay enough money for her to live on in our inflationary economy.

I realized the inflation, caused by an increased money supply, which came from increasing national debt, would likely chase this wonderful woman from her passion of teaching children into some other profession that paid more money.

Without money, we’d all be rich.

That idea screamed at me as a friend and client came by so I could do her taxes. While I worked, she told me about a local business owner who hasn’t paid taxes for years. He believes federal taxes are a scam perpetuated on the American people who do not understand the law.

This business owner is so convinced of this that he has held this belief even though the IRS has come into his store twice and cleared out his inventory to pay tax bills. He has learned through his challenges and found legal remedy. As a result, he has had almost three hundred thousand dollars in tax liability disappear.

She didn’t know his entire story. However, she said he would talk with me if I visited him. I may do so this week.

Without money, we’d all be rich.

During every experience yesterday, this oddball quote bounced through my head until I saw the numerous facets of its wisdom.

Through the creation of money, The Fed has taken our abundant world and turned it into a world of scarcity. The system doesn’t have enough money to pay back the debt. Therefore, each person who operates in this system feels the shortage.

We have created a world of lack in the midst of a plentiful world. This dearth is the cause of war and strife.

This is a façade.

Without money, we’d all be rich.

Those who invented this system love it because they get to “play God” with the money supply. They may create money without providing an equal exchange of value. They literally produce money out of thin air.

The consequences of this practice haunt our society.

The only way I see to correct this situation is to forgive debt.

Each dollar of debt forgiven would eliminate a dollar of money.

This would reduce prices. It would reduce income.

It would increase the value of each dollar.

Eventually, the debt would completely disappear, taking money with it.

During this process, our medium of financial exchange would need to revalue. It would need to change. It would have to be based on something of actual worth, not debt.

Because we live in an abundant world, this new financial system would give us whatever is needed to experience an abundant livelihood. Our supply would be unlimited because nature is unlimited in her abundance.

This transition to no money may be rocky. It may be a challenge. However, for all to experience abundance, it will be necessary.

I believe this is true…

Without money, we’d all be rich.

What do you think about this idea? I invite you to leave your comments below.