math, money & management · american federal reserve bank: created in 1913, (supposedly) in...
TRANSCRIPT
![Page 1: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/1.jpg)
POLL EVERYWHERE
On your Smart Phone go to:
PollEv.com/larryphillip941
![Page 2: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/2.jpg)
Math, Money & Management
by
Larry Phillips
![Page 3: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/3.jpg)
Divergent vs Convergent Thinking
Divergent• Begins with a simple concept
• Expands on that topic
• May not come to any specific conclusion or “correct” answer
• Ends with more questions than when it started
• Invites more research
• Fuzzy Logic
Convergent• Begins with a large sample of
data
• Sifts and sorts the data into finite categories
• Ends with a “Crisp” set of conclusions
• Questions should be answered uniformly, correctly, and finally
• Bivalent (Crisp) Logic
![Page 4: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/4.jpg)
![Page 5: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/5.jpg)
![Page 6: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/6.jpg)
Math, Money, & Management
• Math: Grossing-Up for Math Nerds
• Money: What Is It?• Management: Your Mind
![Page 7: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/7.jpg)
Grossing-Up
![Page 8: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/8.jpg)
![Page 9: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/9.jpg)
How Do You Gross-Up?A) I have no idea what “grossing up” is, but I have
been “grossed out” by people.
B) I only use a computer program to gross-up. Nobody does it by hand anymore. Are you crazy?
C) I can do gross up calculations by hand if I had to…like if THE FATE OF THE WORLD depended on it.
D) I plead the 5th ; I have the right to remain silent.
![Page 10: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/10.jpg)
![Page 11: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/11.jpg)
The Math Nerd
•Lamont needs 3 tickets @ $10 each•Mombasa needs 4 tickets @ $10 each
What is the TOTAL that they need to pay?
![Page 12: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/12.jpg)
The Math Nerd
The TOTAL would be
3 x $10 + 4 x $103(10) + 4(10)
30 + 4070
![Page 13: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/13.jpg)
The Math Nerd
Using “Factoring”3 x $10 + 4 x $10
3(10) + 4(10)10 (3+4)
10(7)70
![Page 14: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/14.jpg)
Did your Mom go to COLLEGE to teach you that?
![Page 15: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/15.jpg)
A Real Life Prollem
•Valerie
•Billy Bob
•And the $25 gift certificate!
![Page 16: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/16.jpg)
The Math Nerd
Billy Bob was given a $25 gift certificate for his birthday to Gloria Jean’s.
But he doan wanna pay no more’n $25.
So how much coffee can he buy so’s when you add ur sales tax it will add up to ‘zactly $25???
![Page 17: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/17.jpg)
The Math Nerd
What is the AMOUNT of coffee Billy Bob needs to buy plus the sales tax to TOTAL to
the $25 GIFT CERTIFICATE?
![Page 18: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/18.jpg)
The Math Nerd
•Let the AMOUNT of coffee be “A”
•Let the sales tax RATE be “r”
•Let the Gift Certificate Amount be “G”
A + Ar = G
![Page 19: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/19.jpg)
The Math Nerd
A + Ar = G
A(1) + Ar = G
A(1 + r) = G
A = 𝐺
(1+𝑟)
![Page 20: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/20.jpg)
The Math Nerd
A = 𝐺
(1+𝑟)
A = $25
(1+9.25%)
A = $25
(1.0925)
![Page 21: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/21.jpg)
The Math Nerd
A = $25
(1.0925)
A = $22.88Check your answer:
$22.88 + $22.88(0.0925)
$22.88 + $2.12
$25.00
![Page 22: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/22.jpg)
Math Nerds RULE!!!
![Page 23: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/23.jpg)
SIMULARLYIf Your insane boss wants to give eggnernt Billy Bob a $3762 bonus in his pocket, then how much do we REALLY have to pay Billy Bob in order for his after-tax amount to be ‘zactly$3762 ?
![Page 24: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/24.jpg)
(Assuming no state income tax)Let’s use these numbers• 25% Federal Withholding Tax• 6.2% Social Security (not considering threshold)• 1.45% Medicare• Total: 32.65%
![Page 25: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/25.jpg)
The Math Nerd
A - Ar = G
A(1) - Ar = G
A(1 - r) = G
A = 𝐺
(1−𝑟)
![Page 26: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/26.jpg)
The Math Nerd
A = 𝑮
(𝟏−𝒓)
A = $𝟑𝟕𝟔𝟐
(𝟏−𝟑𝟐.𝟔𝟓%)
A = $𝟑𝟕𝟔𝟐
(𝟏−𝟎.𝟑𝟐𝟔𝟓)
![Page 27: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/27.jpg)
The Math Nerd
A = $𝟑𝟕𝟔𝟐
(𝟎.𝟔𝟕𝟑𝟓)
A = $5585.75Check your answer:
$5585.75 - $5585.75(0.3265)$5585.75 - $1823.75
$3762
![Page 28: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/28.jpg)
When no one wants to answer the question
•And the teacher makes eye contact with you
![Page 29: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/29.jpg)
We are PAYROLL !!!!
![Page 30: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/30.jpg)
What are we paying people with?
![Page 31: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/31.jpg)
Which begs
the
question…
WHAT IS MONEY
???• A piece of paper ?
• Digits on a computer screen?
• Something Jerry McGuire needs to show me?
![Page 32: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/32.jpg)
![Page 33: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/33.jpg)
![Page 34: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/34.jpg)
POLL EVERYWHEREWhat is Money?
Type your answer in now…
![Page 35: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/35.jpg)
![Page 36: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/36.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
We all think we know about money. But do we understand what money actually is, and what it represents?
![Page 37: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/37.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
• How and when did the first money appear?
• Do we think of it as a way to measure value?
• Is it a reliable store of value?
• Who actually creates the money we use?
![Page 38: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/38.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
Is it a commodity to be traded?
And how does this money actually relate to:
• our status?
• the real value of things we use in our lives?
• the effort we make to get money?
• the real economy of human settlements?
![Page 39: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/39.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
Once you start thinking about it, these are remarkably slippery questions, questions which have fooled many throughout millennia. Mostly because the answer seems so obvious.
![Page 40: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/40.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
IS IT NOT:• the coin in your
pocket?
• the dollar bill in its clip?
• the credit card in your wallet?
• the check in the mail?
• the electrical impulse in the computer?
![Page 41: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/41.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
Money is all these…
and none of them…
for it is primarily a way of ORDERING OUR LIVES.
![Page 42: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/42.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
But this in a particular, arbitrary way: an attempt to make the often indeterminate qualities of our experience fit neatly into quantities;
![Page 43: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/43.jpg)
What is MONEY? https://www.humanjourney.us/the-changing-world-economy-section/debt-trust-and-money/?gclid=EAIaIQobChMI2Zyp7evB4wIVQ8DICh09ugTPEAAYASAAEgLEN_D_BwE
quantities that can be counted and compared to STANDARD UNITS OF ACCOUNT, where EVERYTHING IS VALUED against a SUM OF MONEY.
![Page 44: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/44.jpg)
As Felix Martin wrote in
Money: The Unauthorized Biography,
“The problem is that money is not really a thing
at all but a social technology: a set of ideas
and practices which organize what we produce and consume, and the way
we live together.”
![Page 45: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/45.jpg)
As Felix Martin wrote in
Money: The Unauthorized Biography,
When it comes to money itself – rather than the tokens that represent it, the account books where people record it, or the buildings such as banks in which people administer it – there is NOTHING PHYSICAL TO LOOK AT…
![Page 46: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/46.jpg)
As Felix Martin wrote in
Money: The Unauthorized Biography,
But CURRENCY is NOT itself MONEY…Coins and currency, in other words, are useful tokens to record the underlying system of CREDIT ACCOUNTS and to implement the underlying process of clearing [these accounts].”
![Page 47: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/47.jpg)
• Barter & Trade
• Precious Commodities
• Precious Metals
• Coinage
• Bill of Exchange
• Usury
• Fractional-Reserve Banking
• The Bank of England: The first Central Bank
• Commercial Banks
• Bank Notes
• Bills of Credit
• The Federal Reserve System
A History of Money
![Page 48: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/48.jpg)
Colonial Bills of Credit
•It was not until 1861 that that the U.S. government issued the first greenback – notes that were legal tender – government money to pay for war.
![Page 49: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/49.jpg)
Colonial Bills of Credit
• Before that, the only LEGAL TENDER WAS GOLD AND SILVER COINS, though banknotes were issued by commercial banks, which were MEANT TO BE REDEEMABLE FOR COINS AT THE BANK. When these banks FAILED, as they OFTEN DID, the BANKNOTES COULD NOT BE REDEEMED.
![Page 50: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/50.jpg)
Now most countries have central banks of one kind or another, like the German
Deutsche Bundesbank, or the American Federal Reserve Bank: Created in 1913, (supposedly) in
response to the crash of 1907 as a “lender of last resort’” to support
the unstable commercial banks.
![Page 51: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/51.jpg)
M. S. King
Planet RothschildThe Forbidden History of the
New World Orderby
![Page 52: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/52.jpg)
How is Money Created?Can banks create money out of nothing?
“How do banks make money”. In a sense
yes, banks create money out of nothing. This is
due to a practice known as FRACTIONAL-
RESERVE BANKING which allows banks to
LOAN OUT MORE MONEY THAN THEY HAVE IN
THEIR RESERVES. They must keep their loans
backed by a fraction of the loan which
the banks must not loan out.
![Page 53: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/53.jpg)
![Page 54: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/54.jpg)
“I find television very educating. Every time somebody turns on the set, I go into the other room and read a book.” – Groucho Marx
![Page 55: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/55.jpg)
“You don’t have to burn
books to destroy a culture.
Just get people to stop
reading them.” – Ray Bradbury
![Page 56: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/56.jpg)
The Creature from Jekyll IslandA Second Look at the Federal Reserve
G. Edward Griffinby
![Page 57: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/57.jpg)
The Creature from Jekyll IslandBy G. Edward GriffinThis is the classic exposé of the Fed that has become one of the best-selling books in its category of all time. •Where does money come from? •Where does it go? •Who makes it?
![Page 58: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/58.jpg)
The Creature from Jekyll IslandBy G. Edward Griffin
The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the GRAND ILLUSION called MONEY. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a DETECTIVE STORY – which it really is, but it's all true.
![Page 59: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/59.jpg)
The Creature from Jekyll IslandBy G. Edward GriffinThis book is about the most blatant SCAM of history. It's all here:
•The CAUSE OF WARS
•BOOM-BUST cycles
•INFLATION
•DEPRESSION
![Page 60: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/60.jpg)
The Creature from Jekyll IslandBy G. Edward Griffin
Your world-view will definitely change.
Putting it quite simply, this may be the most IMPORTANT BOOK ON WORLD AFFAIRS you will ever read. 608 pages.
![Page 61: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/61.jpg)
The Creature from Jekyll Island
By G. Edward Griffin
The 5th Edition includes a no-holds barred analysis of bank bailouts under the
Bush and Obama Administrations that are shown to be nothing
less than legalized plunder of the American people. Many other updates have been added, including a revision to the list of those who attended the historic meeting at
Jekyll Island where the FEDERAL RESERVE WAS CREATED.
![Page 62: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/62.jpg)
![Page 63: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/63.jpg)
![Page 64: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/64.jpg)
![Page 66: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/66.jpg)
Comparison Chart
FACTvsOPINION
![Page 67: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/67.jpg)
Comparison Chart
FACTvsOPINION
![Page 68: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/68.jpg)
If Larry designed a toothpastethat contained LEAD and ARSENICthat would help PREVENT CAVITIESwould you use it?
![Page 69: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/69.jpg)
![Page 70: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/70.jpg)
Warnings: Keep out of reach of children under 6 years of age.
If you accidentally swallow more than used forbrushing, get medical help or contact a POISONCONTROL CENTER Immediately.
![Page 71: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/71.jpg)
![Page 72: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/72.jpg)
G. Edward Griffin (born
November 7, 1931) is an
American author, filmmaker,
and conspiracy theorist.
Griffin's writings promote a
number of false views and
conspiracy theories regarding…
G. Edward Griffin - Wikipedia
![Page 73: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/73.jpg)
He is the author of The
Creature from Jekyll
Island (1994), which
promotes false theories
about the motives behind
the creation of the Federal Reserve System.
G. Edward Griffin - Wikipedia
![Page 74: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/74.jpg)
Comparison Chart
FACTvsOPINION
![Page 75: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/75.jpg)
Comparison Chart
FACTvsOPINION
![Page 76: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/76.jpg)
![Page 77: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/77.jpg)
![Page 78: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/78.jpg)
![Page 79: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/79.jpg)
1914
![Page 80: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/80.jpg)
Red Seal One Dollar Bill –Legal Tender 1928 Only
UNITED STATES NOTE
![Page 81: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/81.jpg)
19351957
Silver Certificate
![Page 82: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/82.jpg)
2009 ONE DOLLAR BILL
![Page 83: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/83.jpg)
FIND THE OWL
![Page 84: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/84.jpg)
The Owl on the One Dollar Bill
![Page 85: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/85.jpg)
![Page 86: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/86.jpg)
![Page 87: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/87.jpg)
BohemianGroveCremationof Care
![Page 88: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/88.jpg)
Why is there an EYE on top of a PYRAMID on the back of the One Dollar Bill?
![Page 89: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/89.jpg)
![Page 90: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/90.jpg)
The Eye of Providence (or the all-seeing eye of God) is a symbol, having its origin in Christian iconography, showing an eye often surrounded by rays of light or a glory and usually enclosed by a triangle. It represents the eye of God watching over humanity (the concept of divine providence).[1][2][3] In the modern era, a notable depiction of the eye is the reverse of the Great Seal of the United States, which appears on the United States one-dollar bill.
Wikipedia
Eye of Providence
![Page 91: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/91.jpg)
The Eye of Providence (or the all-seeing eye of God) is a symbol, having its origin in Christian iconography, showing an eye often surrounded by rays of light or a glory and usually enclosed by a triangle. It represents the eye of God watching over humanity (the concept of divine providence).[1][2][3] In the modern era, a notable depiction of the eye is the reverse of the Great Seal of the United States, which appears on the United States one-dollar bill.
![Page 92: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/92.jpg)
HOLLYWOOD GONE
CHRISTIAN ???
![Page 93: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/93.jpg)
HOLLYWOOD GONE CHRISTIAN ???
![Page 94: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/94.jpg)
HOLLYWOOD GONE CHRISTIAN ???
![Page 95: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/95.jpg)
![Page 96: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/96.jpg)
What do the Roman numeralson the base of the PYRAMID mean?
![Page 97: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/97.jpg)
![Page 98: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/98.jpg)
M: 1000
D: 500
C: 100
C: 100
L: 50
X: 10
X: 10
V: 5
I: 1
TOTAL: 1776
![Page 99: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/99.jpg)
The Illuminati[1] (plural of Latin illuminatus,
"enlightened") is a name given to several groups,
both real and fictitious. Historically, the name usually
refers to the Bavarian Illuminati, an Enlightenment-
era secret society founded on 1 May 1776.
Wikipedia: Illuminati
![Page 100: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/100.jpg)
Wikipedia: Adam Weishaupt
Johann Adam Weishaupt was a German
philosopher, professor, and founder of the
Order of the Illuminati, a secret society.
On 1 May 1776 Johann Adam Weishaupt
founded the "Illuminati" in
the Electorate of Bavaria.
![Page 101: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/101.jpg)
novus ordo seclorum[pronounced:noh-woo s ohr-doh se-kloh-roo m]
What does this phrase mean?
![Page 102: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/102.jpg)
![Page 103: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/103.jpg)
novus ordo seclorum[pronounced:noh-woo s ohr-doh se-kloh-roo m]
Latin.
a NEW ORDER OF THE AGES
Motto on the reverse of the great
seal of the United States
(adapted from Vergil's Eclogues IV:5).
![Page 104: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/104.jpg)
annuit coeptis[pronounced: ahn-noo-it koip-tis]
What does this phrase mean?
![Page 105: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/105.jpg)
![Page 106: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/106.jpg)
annuit coeptis[pronounced: ahn-noo-it koip-tis]
Latin.
He has favored our undertakings
a motto on the reverse of the great seal of the U.S.
(adapted from Vergil's Aeneid IX:625).
![Page 107: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/107.jpg)
TheCommittee
Of300
by
Dr. John Coleman
![Page 108: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/108.jpg)
Getting back
to Grossing-
UP…
Why do we have towithhold moneyfrom employees’paychecks?
![Page 109: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/109.jpg)
![Page 110: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/110.jpg)
![Page 111: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/111.jpg)
Which begs
the
question…
•Why do we have to pay taxes anyway –why can’t the government just pay for EVERYTHING?
![Page 112: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/112.jpg)
So what do they use income tax for?
•Duh…. I dunno…•Let’s Google it
![Page 113: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/113.jpg)
![Page 114: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/114.jpg)
![Page 115: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/115.jpg)
So how much of the government is financed by
payroll and
incometaxes?
![Page 116: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/116.jpg)
individual
income tax
collections
for FY 2018
totaled $1.7 trillion
![Page 117: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/117.jpg)
In 2018: Our Government Spent
$4.1 trillion on • National Defense
• Medicare and Medicaid
• Social Security
• Infrastructure
• Education
•Interest on Debt
![Page 118: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/118.jpg)
How much is theNational Debtcosting us?
![Page 119: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/119.jpg)
![Page 120: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/120.jpg)
Your Income Tax Pays for Our Military to Keep Us Free
![Page 121: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/121.jpg)
Your Income Tax Pays for the Education of our Children
![Page 122: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/122.jpg)
Your income Tax Pays for Medicare and Medicaid to take care of our Elderly
![Page 123: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/123.jpg)
Nothing could be farther from
the truth. Former President
Reagan stated the following in
his 1984 Grace Commission
Report on government waste: "
100% of what is collected is absorbed
solely by interest on the federal debt and
by federal government contributions to
transfer payments."
![Page 124: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/124.jpg)
CHAPTER 7: LIARS AND THIEVES
The Constitution laid down two rules by
which the two classes of taxes were to be
governed. They were the rule of
apportionment as to direct taxes, and the
rule of uniformity as to indirect taxes
(duties, imposts and excises). https://famguardian.org/Publications/YouBeJudge/chapter7.htm
![Page 125: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/125.jpg)
However, when the
MONEY-CHANGERS took
over control of our Treasury
in 1913, they needed a way
to collect the interest
(tribute) from our nation.
![Page 126: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/126.jpg)
Was it just a coincidence
the 16th Amendment
(Income Tax) was also
passed in 1913?
![Page 127: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/127.jpg)
The IRS is nothing
more than the collection
agency of the tribute the
Federal Reserve charges
us on their "worthless"
paper money.
![Page 128: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/128.jpg)
I am absolutely amazed how
many people think their tax
dollars are used for running the
government. Nothing could be
farther from the truth.
![Page 129: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/129.jpg)
![Page 130: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/130.jpg)
![Page 131: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/131.jpg)
Sherry did not file an income tax for
about 2 or 3 years, which is actually a
misdemeanor. However, she was
arrested and after a brief trial (another
farce), she was sentenced to 4 years
and incarcerated in a women's prison in
Florida. Therefore, whatever charges the
government had against her were treated as a felony.
![Page 132: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/132.jpg)
In October 2007, a jury found Jackson of
Stone Mountain, Ga., guilty on four counts
of failure to file income tax returns.
Jackson was sentenced, on Feb. 14, 2008,
by U.S. District Judge Orinda D. Evans to
four consecutive prison terms of 12
months each.
![Page 133: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/133.jpg)
https://www.theamericanview.com/constitution-course-supplemental-assignments/defects-in-ratification-of-the-16th-amendment/
Defects in Ratification
of the
16th Amendment
The Sixteenth Amendment to the
Constitution of the United States
was never ratified by a majority
of the sovereign States.
![Page 134: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/134.jpg)
https://www.theamericanview.com/constitution-course-supplemental-assignments/defects-in-ratification-of-the-16th-amendment/
Defects in Ratification
of the
16th Amendment
This is the Amendment that allegedly
entitled the Federal Agent (government) in
the Federal territory of Washington, D.C.
and their private collection company, the
IRS, to collect “income tax” as falsely
declared to be ratified in February 1913.
![Page 135: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/135.jpg)
https://www.theamericanview.com/constitution-course-supplemental-assignments/defects-in-ratification-of-the-16th-amendment/
Defects in Ratification
of the
16th Amendment
After an exhaustive year long search of
legislative records in 48 sovereign states (Alaska
& Hawaii were not admitted into the Union until
after 1913). The only record of the 16th
Amendment having been confirmed was a
proclamation made by the Secretary of State
Philander Knox on February 25, 1913, wherein he
simply declared it to be “in effect”, but never
stating it was lawfully ratified.
![Page 136: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/136.jpg)
https://www.theamericanview.com/constitution-course-supplemental-assignments/defects-in-ratification-of-the-16th-amendment/
Defects in Ratification
of the
16th Amendment
Even if the 16th Amendment were properly
ratified, according to Article 1, Section 9 of
the Constitution, it has always been
unconstitutional for the U.S. Federal
Government to directly tax We the People
in their property, wages, salaries, or
earnings.
![Page 137: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/137.jpg)
https://www.theamericanview.com/constitution-course-supplemental-assignments/defects-in-ratification-of-the-16th-amendment/
Defects in Ratification
of the
16th Amendment
The judges of the U.S. Supreme Court rejected any
claims that the 16th Amendment changed the
constitutional limits on direct taxes in
Brushaber v. Union Pacific R.R. Co., 240 U.S. 1, when
they ruled that it “created no new power of
taxation” and that it “did not change the
constitutional limitations which forbid any
direct taxation of individuals”.
![Page 138: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/138.jpg)
Lt. Col James “Bo”Gritz“Called To Serve” and “My Brother’s Keeper”
![Page 139: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/139.jpg)
Math, Money & Management
by
Larry Phillips
![Page 140: Math, Money & Management · American Federal Reserve Bank: Created in 1913, (supposedly) in response to the crash of 1907 as a ... The Creature from Jekyll Island A Second Look at](https://reader036.vdocuments.net/reader036/viewer/2022070717/5edc120cad6a402d666694c5/html5/thumbnails/140.jpg)
Divergent vs Convergent Thinking
Divergent• Begins with a simple concept
• Expands on that topic
• May not come to any specific conclusion or “correct” answer
• Ends with more questions than when it started
• Invites more research
• Fuzzy Logic
Convergent• Begins with a large sample of
data
• Sifts and sorts the data into finite categories
• Ends with a “Crisp” set of conclusions
• Questions should be answered uniformly, correctly, and finally
• Bivalent (Crisp) Logic