Pecan Pies

For those of us unfamiliar with pecan pies, they are Southern. From the South. It’s one of the things every Southern Lady was suppose to know how to cook. As well as, make fresh lemonade and tea. Southern tea is a brewed tea, with sweeteners added while hot.

Now some of the pies I’ve seen in grocery stores and made by others, are not what I was taught were real pecan pies. The pecans were only on top. The pies I was taught to make were nuts, through and through and were 9 inches in diameter.

These days, in many convenience stores, I can find and buy a “Bama” pie. It’s only nuts on top, too, but, it’s also only 3 inches in diameter and only tall enough for one row of nuts. I don’t imagine anyone who’d ever seen, especially eaten, a real Southern pecan pie, would ever mistake the “Bama” pie for one.

Ahhhh….why all the chatter about pecan pies? What’s all this about nuts?

Because if we traded in pecan pies, instead of dollars and pounds and franks and yen, etc…. we would have noticed far before now how our 9 inch pies were being switched at the bank for the 3 inch ones. The only real difference being substance and, the value of that substance to us.

Here is how it has been done. The Economy of Self Denial.

Self denial. Denying the Value, the intrinsic Worth of our own lives, just because we’re people. What other reason do we need? Each of Us is a People, for God’s sake. But be that as we will, onward ho in our creations of self denial.

One day back in the early 70’s, some very clever fellows noticed that increased spending created a growing economy. ‘Oh, how do we encourage more spending?”, they wondered to each other. Until one day, one of them stood up and said, ‘I’ve got it! Let’s invent credit.’

‘Credit?’, they all asked. ‘What’s that?’

‘We’ll give people money to spend today, that they can pay back later. For a fee that is.’

‘But where are we going to get the money to give them?’

‘We’ll borrow it from the Federal Reserve, at a greatly reduced rate, of course.’

‘But what do we use as collateral for the money we borrow from them?’

‘We’ll use the Value of the money deposited in our account holders accounts as collateral. Or at least a certain percentage of it.’

And so it began.

The ratio of accounts used as collateral is called the “Reserve Ratio”. For the sake of example, let’s say the Reserve Ratio is 1/10.

Every $100 deposited in the bank yields $1000 in credit spending. With every ‘$’ in credit spending extended, liquidating the Value right out of the ‘$’. It’s also called ‘the future value of ‘$1’. It being taken for granted that the future value will be less then the Present, so that the dollars used to pay it back, will be worth less.

Future value of 1 < 1.

Now Whom do you suppose is missing from the Whole in that equation?

For as it goes on, supply is then manipulated through demand, which is in turn manipulated by credit. So only those who meet the ’rules’ of credit, are the ones who are controlling the market for all. At the cost of the value of the dollar, of those not using any.

The difference between the dollar today and the dollar of yesterday, is the dollar of yesterday went further, when it came to the exchange of Value for Value. Which is exactly what currency is all about. Carrying around sheep and goats got burdensome, especially when it came to making change.

I’d like to share that according to the US Constitution, slavery is illegal in this country. And that includes slavery to debt. I’d also like to share that according to that same document, Congress is vested with the Stewardship of the Public’s funds, not the Federal Reserve.

What size pies do you work for?

We are a country of We The People. 

By the People.  For the People.  And of the People.  

There is no one else to blame.

The sooner we admit it.

The sooner we are Empowered to change it.