THE REPLIK

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The primary tool that the law giver uses to create the conditions in which the people live is money creation.  What the money is issued for and how the money supply is regulated are a major factor in orienting the activity of the people.  When money is scarce and hard to come by, people are fearful and cautious, but when money is abundant, people are courageous and carefree.  When the right amount of money is available for what the people agree would be good, then there is justice, peace, and prosperity.  The united states of America Republick will only become truly sovereign when it is issuing its own currency.  The currency is called the Replik and the Congress of the Republick is in the process of determining what the Replik is, how it will be issued, and how the money supply will be regulated.

 

The history is very instructive.  In Colonial times and right through the establishment of the Federal Reserve System in 1913, the question of what would serve as money was a hot topic of debate, both in conversation among people and in the courts, the assemblies of the Colonies, and the legislatures of the States.  However, with the surreptitious establishment of the Federal Reserve, the Congress stopped dealing with the corrupting influence of the moneyed class and their banks.  There were many congressmen who protested the control of the Fed, with Ron Paul and Bernie Sanders being the latest in calling for an audit of the Fed.

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Benjamin Franklin attributed the War of Independence to the depression that resulted when the King and Parliament restricted the issuance of paper money which was funding the legitimate interests of the American people.  You can read about this here.  Note that most people know very little of this because the powers that be do not want us to understand money and how it is issued. 

 

Paper money, ledger accounts, bank accounts in computer databases, and digital money are all fiat money.  Fiat means by declaration, or by law.  Many people believe that fiat money, such as the Federal Reserve Notes we think of as money, is not backed by anything and therefore worthless.  However, since all the money is issued by banks as debt it is backed by our promise to pay.  We promise to pay and the banks issue money as what they call a loan!  And the fact that we use this money all the time, and that it is the world's reserve currency, reveals that the nature and value of money is an abstract social technology.  Money exists by custom, or agreement or law as the medium of exchange to facilitate the exchange of goods and services among people outside of one's extended family.  In fact, if we use a commodity as a means of payment, as in bartering, we will have to invent a way to determine the unit of value to use to value the commodities in relationship to each other.  The original money, the means of exchange that created civilization, were warehouse receipts.  Since everyone had a good sense for the value of a shekel (bushel) of wheat, that served as the unit of value, and a receipt for a shekel of wheat from the Priest-Kings warehouse served as the means of exchange.

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Monetary historians have pointed out that money is a social convention issued by the sovereign as a matter of law or custom.  Money creation is always an agreement, whether that agreement is explicit, tacit, deceptive, or imposed by law and military might.

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In our existing culture, money is currently issued, not as a public utility, but, through debt and usury, for those purposes that will be profitable to the banks and enrich the moneyed class, resulting in money being scarce, adversely affecting and even distorting our human nature and entire culture. 

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The Replik is the name that the incipient united states of America Republick has chosen for its currency.  How it will be issued and the money supply regulated will evolve as we gain experience with governing!  Stay Tuned!

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To learn more about money these websites are useful: 

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Just Abundance    Credit to the People 

American Monetary Institute   Reinventing Money    Public Banking Institute