Topic: Gold and Silver
What Is Wealth? "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul. Some philosophical thoughts as "Governomics" tightens its grips on our nation. by Jake Towne, the Champion of the Constitution
(libertarian)
Thursday, June 4, 2009
With all of the ongoing talk about the financial crisis, high unemployment, disappearing 401k plans, unfunded pension plans, an upcoming and unmentioned commercial real estate crash due to the current silly state of "governomics" that we currently live in, I would like to share a philosophical point about wealth. (photo)
So what does the term "wealthy" actually mean?
If you google "define wealth" you get "the state of being rich and affluent" or "having a plentiful supply of material goods and money."
I feel these definitions miss the true meaning of the term completely.
The word "wealth" is derived from the old English word "weal", which is synonymous with well, as in well-being. What makes you wealthy is what increases your well-being.
Therefore, to be "wealthy" doesn't mean just money or possessions to me.
To me, my prime source of wealth is my life and health. Without a state of good health, life is pretty rough.
Closely following this is my family and friends. Without them, life would not nearly be so interesting and fun. My overall wealth would be severely lessened.
Now, of course, I am NOT saying that material possessions and money are worthless. Having these can also increase your well-being. It is also true that each individual will define their own concept of wealth - what truly makes them wealthy - themselves. Each definition is different, just like a fingerprint.
Personally speaking, I could stare at a pile of gold I own - or turn it into a house, car and land - and quite possibly I would not feel an iota wealthier. However, I do know this - I am poorer than the lowliest street sweeper without my health and my loved ones.
I will close with a quote from Ludwig von Mises, American citizen and writer from the Austrian school of economics to describe the moral importance of money.
"What we have to realize is this: Every kind of human arrangement is connected in some way or other with money payments. And, therefore if you destroy the monetary system of a country or of the whole world, you are destroying much more than simply one aspect. When you destroy the monetary system, you are destroying in some regards the basis of all interhuman relations. If one talks of money, one talks about a field in which governments were doing the very worst thing which could be done, destroying the market, destroying human cooperation, destroying all peaceful relations between men." (photo license)
Let the Establishment be on notice. Even if I fail, there will be many more following the footsteps of Mises, Ron Paul, and Frederic Bastiat in the coming years and decade to come.
And those that do will all know the true meaning of wealth, and we will seek to return the money power to We the People – where it belongs – or die trying.
Postscript - This concept is not my own, though my opinion certainly is! I credit Douglas Gnazzo's great book "Honest Money" for shedding some light on this - and a lot more amazing facts about our monetary history. I am struggling to block out a couple hours to publish a nice book review, but I will do so eventually.
PPS - You can listen me describe the above in the last 5 minutes of this interview with the anonymous author of the pamphlet "Common Sense Revisited" from last night. Topics covered in the interview include the FED, governomics, and gold.
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.
Veritas numquam perit. Veritas odit moras. Veritas vincit. Truth never perishes. Truth hates delay. Truth conquers.
Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldly against it.
"Intelligence is quickness in seeing things as they are." - George Santayana
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Now, of course, I am NOT saying that material possessions and money are worthless. Having these can also increase your well-being. It is also true that each individual will define their own concept of wealth - what truly makes them wealthy - themselves. Each definition is different, just like a fingerprint.