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A check also has the insurance feature built in, though in a different manner. The check may not have enough funds to clear, yet if it does, and if it is lost, merely the numbers from the check are all that is needed to collect on it from a bank. Cash, on the other hand, if lost, even with the numbers on it, is not insured. You have no party to collect anything from on it. Cash money is the clearest form of an unassigned abstract receipt of labor. All of the types of money have one thing in common. A bank will record the amounts into their ledger for you. They are all varieties of receipts of labor. The bank itself lends more money, and takes part of the created wealth, in the form of more money. Yet, the creation of whatever the value has some form of economic utility, a home for instance. We can say that money is the marker that is used to transfer the labor, or ‘product of labor ce 1 m ce . end into something of value. Therefore money is an abstract receipt of labor. The abstraction is accepted and provided for by the created value of the labor that caused the issuance of the receipt. The power to issue money is the “Organizing principle of the society. The Central bankers have used this power to wage nuclear war against humanity. It is a power that needs to be held in common. In 1604 the “Mixt” Money case in England declared money to be a public utility. This is a reproduction of the introduction and Chapter XIV of History of Money in America From the Earliest Times to the Establishment of the Constitution, by Alexander Del Mar, published 1899. THE monetary systems of the present day are an historical development; they descend from the principles enunciated in the great Mixt Moneys case of 1604, the circumstances connected with the Spanish Conquest of America; the Spanish Free Coinage Act of 1608, the British Free Coinage Act of 1666 and the invention of the coinage and printing presses. 116 http:/Nandru.i-link-2.net/monques/historyofmoney.html