Tag Archives: US economy

The Godlike Power Of Money

God-like powers? The United States Federal Reserve essentially drives the entire world economy. image: imagesci.com

    God-like powers? The United States Federal Reserve essentially drives the entire world economy.

Money runs the world’s economy. It determines who rules nations, and it rules lives.

These are the three most significant properties attributed to the power of money, in addition to its basic function as a medium of exchange. But we can attribute several less significant properties, although similarly important, to the power of money.  They include:

1. Money separates people of the same nation into classes, divisions and groups.

2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.

3. Money’s devaluation of natural values makes Nature the object of buying and selling.

4. The ability of man to perform labor by placing a price on his head allows one man, or group of men, to enslave another individual or group of individuals.

5. The ability of money to corrupt tends to change man’s personality from social being to self-oriented individual.

6. The power of money drives people to produce services in order to pursue everyday life. This inflicts stress upon people, leading to a spiritual breakdown manifested in acts of crime and mental illnesses.

Bitcoin- electronic currency invented in the 21st century- poised to revolutionize what money is and can be? It's value in US dollars has tripled in one year. CP
Bitcoin- electronic currency invented in the 21st century- poised to revolutionize what money is and can be? It’s value in US dollars in 2013 tripled in one year. CP

Amazingly enough, not many people in modern society are aware of the source of the power or money, including businessmen such as bankers, money market brokers and financiers, who consider themselves money experts.

Perhaps one of the reasons the origin of money’s power is one of the least discussed subjects among academics is the non-existence of prehistoric written records. The second reason is historians’ failure to unveil when and how currency converted from an ordinary medium of exchange into the dominant value of society by expanding its usage to include rendered labor compensation. Also, when and what societal changes elevated the abstract value of currency into an absolute ruling power over humans, including all natural values and treasuries of the Earth.

The blank page left by the theory of early civilization about the invention and rise of money invited independent thinkers to develop their own theories.

The records indicate that this enigma is hidden in the formation of the first state and government. Reforms enacted almost 4,000 years ago led to the breakup of the original communion society, creating conditions that enabled different classes of people to pursue independent ways of life.

From above... 2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.
From above…
2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.

Regulating all natural values and treasuries, including human labor, through money, one individual was able to declare himself the king, and establish absolute ruling power over society by entrapping people within guarded wall.

This historic event advanced the abstract value of money from the ordinary medium of exchange to an absolute ruling power unparalleled in the real world. Some ancient spiritual leaders expressed a serious concern about the prudence of the proposed reforms.  They warned that the enactment of these reforms would void the God-given dominant role of natural values within society at the expense of the abstract value of money. This would subsequently interrupt the relationship between man and nature, and change the original role of man upon the Earth from the guardian of nature to the biggest annihilator of nature.

But the followers of the philosophical doctrine of man’s uniqueness compared to other species dismissed such warnings. Promoting man’s spiritual virtue of freedom to make his own norms and laws instead of following the law of nature, they were delighted by the proposed reforms.

Ever since, the corruption, exploitation of one man over another and class warfare became the norms of the New World Order leadership.

The comparatively recent freedom movements that led to the French and Bolshevik revolutions failed to liberate people from the chains of money’s absolute power. Despite that, the idea of freedom lives on in people’s minds, inspiring liberators to wonder why the formation of a communist state failed to succeed.

The liberators failed to realize that the institution of state and government is the foundation that, by providing the conditions for money currency to function, imposes absolute ruling power over society. This means that the institution of state and government is not a suitable foundation for the establishment of a free, classless society.

Is the only way to liberate society from the absolute power of money a return to the system of farming communities and declaring abolition of money currency, which would ultimately lead to dismantling the institutions of state and government?

However, taking into account that man is biologically a mortal relative entity incapable of resisting temptation offered by the absolute power of money, the prospect for the abolition of money is not practically realistic. For the Silo, Michael Vladimirovich Trisho.

Featured image: imagesci.com

Michael Vladimirovich Trisho is the author of “How Did Humanity Become Enslaved to Money?”  Born in Panchevo, currently part of Serbia, Trisho’s tendency to inquire about the mysteries of the world using reason and logic were evident at an early age. All his life, he wondered how humankind became entrapped by money and why people believe a money-based society is best. After immigrating to the United States, he continued to examine early history in search of answers about the monetary system and its relation to the institution of state. Examining archeological fossils and excavations focused only on a narrow part of early human experience and did not reveal important events that played a critical role in society’s development. Michael created his own reconstruction of events, the product of which is his debut novel.

Supplemental- How does the U.S. Federal Reserve drive the world economy? http://www.cnbc.com/id/100430256

The 20th Century spread of Bolshevik power-  http://schools.cbe.ab.ca/b628/social/russia/post_revolution_history.html

Legalized Sports Betting Is A New Job Market In The USA

A few years ago, on May 14, 2018, the Supreme Court decided to back New Jersey’s bid, allowing any state in the US to legalize sports betting. The Supreme Court overthrew PASPA – Professional and Amateur Sports Protection Act of 1992 –  a law that was supposed to define the legal status of sports betting throughout the States.

However, PASPA didn’t ban sports gambling, it just didn’t permit the states to allow it. Passing the law ultimately resulted in creating an underground virtual monopoly over a multi-billion dollar industry.

Strong Case Against PASPA

The infographic below points out some facts regarding the illegal cash flow in the betting industry before the overturn of PASPA. As it turns out, the government of the state of New Jersey presented a strong case against PASPA, and it seems that participants of the hearings were worried that the law would restrain the States’ rights to raise revenue.

The American Gaming Association estimated that American citizens illegally wager more than $150 billion each year on sports betting. Until PASPA was struck down, Nevada was one of the only four states that permitted sports betting (Delaware, Oregon, and Montana also had an immunity). However, Nevada’s legally wagered money covered up for only a small portion of the total sum wagered on betting activities throughout the States (less than 4%).

Before PASPA was abolished, the Congress had the rights to mandate the forms that intrastate commerce states may regulate. However, by doing so, they didn’t manage to eliminate the sports betting market. They’ve just driven it underground.

New Beginnings Will Bring New Changes

On July 31st, 2018 ,Adam Silver, commissioner of the NBA, has teamed up with MGM, creating the first partnership between a major sports organization in the US and a gambling operator. The goal of this historic partnership is to preserve the integrity of the game and spread the global presence of the NBA.

MGM’s partnership with the NBA is only the next logical step in the development of this potentially booming industry. The process of accepting betting as a part of sports culture in the United States has begun.

The Cash Flow in Gambling is Tremendous

According to Oxford Economics, there is a lot going on under the table. Apparently, the numbers from the report project that the legalization of sports betting could increase the US annual GDP up to $40 billion.

Also, legalizing sports can help the US economy to keep the money within the States and help prevent domestic casinos to go bankrupt. Moreover, the newly-formed legal gambling system could create employment opportunities for more than 125,000 people.

When all of this is said and done, a typical worker in a reformed sports betting industry would have an average salary of approximately $48,000. In fact, this is only the beginning of economic benefits coming from legalized gambling in the US. Advances and technological innovations in online betting services will also have a strong impact on the economy.

A Bond Between Technology and Gambling

The United Kingdom has been the world’s leading online sports gambling market for many years now. UK mobile industry currently covers around 60% of the country’s sports betting market. The UK gambling market should serve as a blueprint for the future of sports betting in the US because mobile betting via smartphone apps would bring billions of dollars worth of revenue.

It is a known fact that technological developments make sports gambling far more entertaining. It’s much easier to place a bet for NBA Primetime Saturday game from your favorite recliner than having to drive to the casino at last minute.

It is only a matter of time before the mobile betting market in the US becomes the world’s largest. This somewhat bold statement doesn’t come as a shock if we take into consideration the potential influence of US powerhouse economy on the expansion of mobile betting industry.

To sum it all up, legalized sports betting in the US is a huge win for the US tax revenue, employment, and the entertainment business. Take a look at the nifty infographic below courtesy of our friends at NJ GamesFor the Silo, Onur Unlu. 

Economic Impact of US Sports Betting NJ Games