Love of Money is a Root of Evil

By Christian F. Murer    Apr 28 2010 10:34AM

Today we have a different problem – the lack of honest money is the root cause of the current failure within the financial systems worldwide.

Economics is known as the Dismal Science for good reason – it’s underlying fundamentals are in total chaos. Basic and precise units of measure are necessary in any good science.

All units are defined and exact for any measurements we use – time, temperature, weights, linear, volumes, area, velocity, etc., etc., but not for the unit of value – money.

Once upon a time, the United States had a well defined unit – the dollar being 24.057 grams of pure silver. Two half dollars, four quarters, ten dimes each added up to one dollar and contained 24.057 grams of pure silver. For 178 years this standard was the basis of good economics in the USA. Then in 1971 the full size Eisenhower dollar (1971-1978) - changed from silver to copper followed by the Susan B. Anthony dollar (1979-1999) a copper coin slightly larger than a quarter. Now we have the Native American and Presidential series of small copper alloy dollar coins. Thus even the U.S. dollar continues to evolve and change in value and definition.

Foreign coins and units of value are being issued by each country and paper currencies in all denominations are printed as money substitutes. Who knows what, specific definitions of the various units are - Canadian dollars, Hong Kong dollars, Australian dollars, euros, rupees, pesos, rands, franks, yens, yuans, reals, dinars, riyals, rials, sols, shekels, roubles, pounds, wons, etc., etc.

Is it any wonder that economics is a dismal science? We have really great computerized accounting systems but nobody really knows what they are counting. As a result, the currencies traders (money changers) are exploiting the economic system to the tune of many of trillions in transactions per day.

The world needs to standardize the unit of measure of value – as all other units of measure are standardized worldwide.

A standard unit for example, a gram of gold would be ideal. We all know what gold is and a gram does not change from country to country. Once defined the standard unit (goldgram) could be known in each country as a dollar or a euro or 100 yen or 10 rupees, etc.

The moneychangers would become unnecessary as the unit exchange rate would be fixed such as 1 euro = 100 yen or 1 dollar = 10 rupees by international standards thereby bringing sanity into the worldwide monitory system and eliminate the moneychangers once and for all.

The world has previously experienced various national gold and silver specie standards, exchange standards and bullion standards which worked well. Now we have THE NOTHING STANDARD and chaos rules.

By Christian F. Murer
President and CEO Amalgamated Explorations, Inc

****

Christian F. Murer is the Company's founder, President, Chief Executive Officer and Chairman of the Board. Mr. Murer is a 1956 graduate of the Colorado School of Mines with a degree in geological engineering. Mr. Murer has operated as an independent contractor for over 50 years in the oil, gas and mining exploration business with experience in all phases of natural resource exploration and development in the Western United States. In the 60’s and 70's Mr. Murer was very active in the uranium mining business and did business with Consumer Power Co, Michigan, Union Carbide, Conoco, Exxon, Union Oil, Gulf Oil, Phillips Petroleum, and others.