The American Who Quit Money to Live in a Cave [video]
_Featured_, Economy, Featured Videos Friday, April 20th, 2012
Watch this inspirational and thought provoking 3-minute video about Daniel Suelo, who lives in caves in the canyon lands of Utah. He survives by harvesting wild foods and eating roadkill. He has no job, no bank account and does not accept government welfare. In fact, Suelo has no money at all.
Suelo may have shunned all the trappings of modern American life, but he is not an isolationist. Since abandoning money in 2000, the former cook from Moab, Utah has remained an active member of his community and avid blogger.
In the video Daniel says, “We can cultivate freely giving and freely receiving no matter what station of life we’re in.”
Mark Sundeen, author of The Man Who Quit Money, admits many people would regard Suelo’s alternative lifestyle as bizarre. But the 2008 financial crash has led many to question the value of money. He explains some of the lessons found in Suelo’s philosophy.
Read Daniel Suelo’s Blog HERE
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[...] ConsciousLifeNews [...]
Gold, silver, copper for mankind.
Historically, gold, silver, and copper were used as monetary based on their
fair value as exchange medium in fair trade.
Now, gold and silver are both dismissed from their monetary function. Only copper
is the only metal still left to be used as money. Even so, the copper monetized
today is based upon its face value and not upon its fair value. As such, the
basic form of human ties in transaction is therefore corrupted and not a fair
trade among us anymore.
This calculation was intended to bring back the fair trade for the sake of
just in mankind. Copper will be used as the basic reference, and solely on its
fair value. In monetary term, USD will be used as unit only because of it
recognition worldwide.
Base value = material cost
Face value = denomination value
Base value copper = usd 3.71/lb = USD 0.008/g
Base value nickel = usd 8.15/lb = USD 0.018/g
US dime face value USD 0.10
Dime composition copper 91.67% nickel 8.33%
Dime weight = 2.268g
Dime copper’s weight 2.268g x 0.9167 = 2.079g
Dime nickel’s weight 2.268g x 0.0833 = 0.189g
Dime copper’s base value = 2.079g x USD 0.008/g = USD 0.017
Dime nickel’s base value = 0.189g x USD 0.018/g = USD 0.003
Dime base value = USD 0.02 ( only 20% or one-fifth from its face value usd 0.10)
With a dime, based on its face value you can purchase its base metals 5 times more
than the dime contents ie copper at 2.079g x 5 = 10.395g and nickel at 0.189g x
5 = 0.945g.
10.395g copper x USD 0.008/g = USD 0.083
0.945g nickel x USD 0.018/g = USD 0.017
Total 10.395g copper 0.945g nickel = USD 0.10, base value
Dime 2.079g copper 0.189g nickel = USD 0.10, face value
Total 10.395g copper 0.945g nickel = Dime 2.079g copper 0.189g nickel. Not a
fair trade! Solution?
As such, the dime will be pegged to its face value as unit only, and copper and
nickel price will be adjusted accordingly. (or else fixed the metal base price
and issue new coinage with fair value weightage/content)
Base value copper new = USD 0.04/g
Base value nickel new = USD 0.09/g
Further to this, all good will be priced accordingly
Old silver price USD 1.25/g to new silver price USD 6.25/g
Old gold price USD 56.25/g to new gold price USD 281.25/g
Old rice price USD 0.75/kg to new rice price USD 3.75/kg
With the standardisation of all goods, based on dime unit which transpire on
copper value, gold and silver can now be used as money again against the fiat
money. Any price fluctuation for any goods now will solely be on its actual
fair trade with only stock manipulation rather than purely fiat money price
manipulation based on credit without stock. Stock manipulation is more easily
apprehended and therefore more risky for the manipulator, other than the
lifespan/storage/delivery limitation of the goods. Hopefully in the future, the
rich with whole lot of gold and silver, realised the agony of safekeeping their
wealth/fort, will not recreate the same fiat system again, but acknowledge the
real joy of giving with real goods and not fiat IOU paper.
With the gold and silver standard back again, foreign exchange will now be
back to fair barter trade again. Gold and silver as the commonly accepted
exchange commodities will only exchange hand when the nations traded do not
have common commodities of interest to barter.
In monetary unit, the gold and silver exchange rate when in foreign countries
will depends on the other countries base metal money.
In Canada, Canadian ten cents CAD 0.10 is 1.75g
92% steel x 1.75g x USD 0.003/g = USD 0.005
5.5% copper x 1.75g x USD 0.008/g = USD 0.001
2.5% nickel plating x 1.75g x USD 0.018/g = USD 0.001
Therefore, Canadian ten cents CAD 0.10 base value = USD 0.007
Thus, the exchange rate US dime/Canadian ten cents = USD 0.02/USD 0.007 = 2.8
( because the dime base value was based on old price, the same applies to the
Canadian ten cents. Both must be on the same, either old or new will still give
2.8 )
New silver price USD 6.25/g = CAD 6.25×2.8/g = CAD 17.5/g
In Autralia, Autralian ten cents AUD 0.10 is 5.65g
75% copper x 5.65g x USD 0.008/g = USD 0.034
25% nickel x 5.65g x USD 0.018/g = USD 0.025
Therefore, Autralian ten cents AUD 0.10 base value = USD 0.059
Thus, the exchange rate US dime/Autralian ten cents = USD 0.02/USD 0.059 = 0.3
New silver price USD 6.25/g = AUD 6.25×0.3/g = AUD 1.88/g
Good Day!