“right on the money�
12 Premium Quality Coin
VICES OF MONEY
The money game has changed. No longer is avarice a word whispered to protest a person’s behavior. Like the prodigal son we spend what we have as fast as we get it, and in doing so succumb to overabundance. Our monetary system is on a track that lowers its value, and will eventually be forced into obsolescence. Driven by an imperialistic mindset, resources are extorted from the dependent citizenry until the fiat system is bankrupt. Where a system of fractional reserve banking is leveraged so deep, and controlled by so few, that only the privileged class, with the power and opportunity to influence and manipulate government policy to their advantage, will escape unharmed with their gold parachutes.
1S T V I C E O F M O N E Y
AVARICE Money is a force. Its power can deceive. Use it to buy the things you need. Be cautious of the desire to possess money for things you want.
If you have not acquired more than
a bare existence since being a youth, it is because you either have failed to learn the laws that govern the building of wealth, or else you do not observe them. - Richest Man in Babylon
jealousy
greed
desire
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
JANUARY | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24/31 25 26 27 28 29 30
2
ND
VICE OF MONEY
INFLATION Money is a store of value . Value is based on supply and demand. Increasing the money supply changes its value. Changing moneys value is reflected in prices. The first panacea for a
mismanaged nation
is inflation of a currency; the second is war. Both bring temporary prosperity; both bring a - Earnest Hemmingway.
permanent ruin.
prices devaluation
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
FEBRUARY | 2016 SUNDAY 31
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 1 2 3 4 5
3
RD
VICE OF MONEY
USURY Borrowing money is valuable. Interest is the value of money. Productive financing is valuable. Wrongly assessing the value of borrowed money is counterproductive.
The rich rule over the poor, and the borrower is servant to the lender. - Proverbs 22:7
profligacy
high interest
bad debt high interest
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
MARCH | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
4
TH
VICE OF MONEY
OBSOLESCENCE Money is a component of a commercial exchange. Commercial exchanges are efficient. Efficient markets require components with predictable value. Unpredictable components become obsolete in an efficient market.
Wealth consists not in having great possessions, but in having few wants - Epictetus
corruption insecurity
Valueless
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
APRIL | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
5
TH
VICE OF MONEY
PRODIGAL Money is only useful when spent. Prioritizing the use of money is important. Necessary spending is a priority. Wasteful spending is often unwise.
the art making money is not in
but in keeping
extravagance
- Proverbs
wasteful
gluttony
indulgence
it.
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
MAY | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4
6
TH
VICE OF MONEY
EXTORTION To receive money justly it must be earned. Earning money requires effort. Taxes are paid through force or threat. Collecting tax on earned income to give those who provide no effort is unjust.
“A wiseNot
and frugal Government shall
take from the mouth of labor the bread it has earned.�
-Thomas Jefferson
taxes desperation
force
revenue
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
JUNE | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2
7
TH
VICE OF MONEY
IMPERIALSIM Beliefs determine behavior. Behavior is influenced by money. Money is controlled by governments. Governments control beliefs.
Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money.
~ Cree Indian Proverb
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
JULY | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24/31 25 26 27 28 29 30
8 TH V I C E O F M O N E Y
BANKRUPTCY Debts are negotiated contracts with agreeable terms. Money borrowed under agreeable terms is a legal contract. Contracts are enforceable under the law. Bankruptcy is a law that makes contracts unenforceable.
“all that was great in the past was ridiculed, condemned, combated, suppressed – only to emerge all the more powerfully, all the more triumphantly from the struggle.”
- Nikola Tesla
Illiquidity
Default
Collapse
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
AUGUST | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
9
TH
VICE OF MONEY
FIAT
Money is a concept that can take physical form. Some forms have intrinsic value derived from scarcity. Others represent value as a result of effort. Forms of money whose value is commanded without effort or scarcity are dangerous. ANGOLA • ARGENTINA • ARMENIA • AUSTRIA • AZERBAIJAN • BELARUS • BOLIVIA • BOSNIA AND HERZEGOVINA • BRAZIL • BULGARIA • CHILE • CHINA • ESTONIA • FRANCE • FREE CITY OF DANZIG • GEORGIA
• GREECE • HUNGARY, 1923–24 • HUNGARY, 1945–46 • KAZAKHSTAN • KYRGYZSTAN • SERBIAN KRAJINA • NORTH KOREA • NICARAGUA • PERU • PHILIPPINES • POLAND, 1923–1924 • POLAND, 1989–1990
PAPER MONEY eventually returns to its intrinsic value;
ZERO. - Voltaire
Decree
Dictate
Command
• REPUBLIKA SRPSKA • SOVIET UNION / RUSSIAN FEDERATION • TAIWAN • TAJIKISTAN • TURKMENISTAN • UKRAINE • UZBEKISTAN • YUGOSLAVIA • ZAIRE (NOW THE DEMOCRATIC REPUBLIC OF THE CONGO) • ZIMBABWE
• GERMANY (WEIMAR REPUBLIC)
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
SEPTEMBER | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1
1 0 TH V I C E O F M O N E Y
DEPENDENCE Our economy is a system that runs on money. Our money is controlled by the government. We depend on our government for money we use to fulfill our needs. A citizenry dependent upon its government to fulfill needs is not free. The inherent virtue of CAPITALISM is the unequal sharing of BLESSINGS, the inherent vice of
SOCIALISM
is the equal sharing of MISERIES. -Winston Churchill
Needy Subordinate
Vulnerable
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
OCTOBER | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23/30 24/31 25 26 27 28 29
1 1TH V I C E O F M O N E Y
ILLIQUIDITY Cash is the most liquid form of money. Liquidity requires a proper reserve of value. Cash without a proper reserve is illiquid. Money that is illiquid is not cash.
Money is only a tool.
It will take you wherever you wish but will not replace you as the driver. -Ayan Rand
Illusion Ponzi
Fractional reserve
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
NOVEMBER | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3
1 2 TH V I C E O F M O N E Y
CLASS
Cultures are segregated by wealth. Wealth is used to influence governmental representatives. Representatives make the laws. The laws mostly reflect the wishes of the highest social class.
Wealth can only be accumulated
by the earnings of industry and the savings of
frugality. - John Tyler
arrogance competition
poverty
poor
“Right on the money” Premium Quality Coin For
FREE phone quotes when buying or selling precious metal bullion or numismatic items please call: 612-371-4739 Professional Buyer, Seller, Appraiser of Rare Coins Since 1985
www.pqcoin.com
DECEMBER | 2016 SUNDAY
MONDAY
TUESDAY WEDNESDAY THURSDAY
FRIDAY
SATURDAY
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
12
VICES OF MONEY
Aristotle defined a virtue as a mean between an excess and a deficiency of a trait or belief. When virtuous traits or beliefs are pushed to an excessive or deficient point we find that they begin to offend the moral standards of a community. When they become offensive, they are no longer virtuous but are considered vicious. This unique and beautifully illustrated calendar is a list of twelve carefully chosen words that represent a virtue that has been pushed to an extreme, along with an accompanying Bhilosphical statement explaining the logic behind each chosen vice. The vicious nature of money is always a matter of perspective, and is influenced by the past and perceived future. It is reflective of personal values and learned behaviors. It is subject to psychological and sociological interpretation formed by everything from thousand year old religious script to individual experience, and therefore falls in ever changing points along a morally acceptable continuum. The process of selecting the final twelve words to represent the vices for this calendar consisted of categorizing words with similar attributes, representing morally unacceptable ideas around money, into groups that reflected an opposing belief to a virtuous counterpart. Since money is only a concept that facilitates the efficient exchange of value, we have concluded that all characteristics it possesses, outside of its physical form, are derived from those that use it and control it. Money is a tool that can be used for good or bad. It is the way that we use it which determines is viciousness. A vice is the excess or deficiency of the virtue that it polarizes. For example; too much power can lead to imperialism, the lack of security can turn to bankruptcy, no science in our monetary policy results in a fiat system, trusting too much opens the door for extortion, promoting the idea that an unindustrious life is acceptable breeds dependency, allowing credit markets to operate with unrestricted freedom can lead to usury, and so on. Today more than ever there is an ever changing tolerance about money within the virtues and vices continuum. In the age of information, where our exposure to local and world events is constantly influencing our moral standards, the golden mean between the extremes becomes difficult to pinpoint. Tolerances are pushed to points that force change, and the mean moves to compensate. Today our desire for easy money has pushed society to produce so much money that it is no longer worth the paper it is printed on. We have entered into a fiat system that fundamentally and irreversibly damages the concept of money. We will enjoy the benefits of this system while it temporarily functions, but one day soon people will realize that the labor and resources that have great and virtuous value are being squandered for tokens representing a concept with few virtuous attributes. The economic principle of Gresham’s law states that “In history it has been proven that bad money chases out good money�. Like King Solomon with no cloths on, we must learn that excess can lead to delusions of reality, or in the story of Faust which helps us understand that we can become persuaded, with promises of fulfilled wishes, into making decisions we will live to regret. A better understanding of the attributes and characteristics associated with our concept of money will help us to arrive at a balance of greatest virtue, and avoid falling victim to the vicious traps that lay waiting as we navigate decisions in our communities and personal lives, within the extremes of the moral continuum.
1
TRUTH
AVEROUS
Money; its allure is intoxicating. We are programed to desire more than we need
3
2
HISTORY
INFLATION
and when we create more than we need we desire it less and spend it faster.
POWER
USURY
When we miscalculate its value and pay too much for its use it becomes abundant
4
5
COMMERCE
OBSOLESCENCE
it becomes worthless.
8 9
FREEDOM
EXTORTION
used as a tool of control
7
TRUST
IMPERIALISM
that can impose moral values on those who do not possess its powers,
BANKRUPTCY SECURITY
or implement laws that disregard common sense and distort behavior, a citizenry will become slave to
SCIENCE
FIAT
a corrupt monetary system where all its virtues are
unjustly created
by a command or dictate.
11
PRODIGAL
Without respect for the value of real money and its ability to be
and the oversupply creates a lack of faith in the moneys value and eventually
6
ART
OPPORTUNITY
IILLIQUIDITY a monetary system that is leveraged to a point of unquantifiable value,
10
INDUSTRY DEPENDENCE
Where citizens believe that security and fortune can be provided, without consequence or effort, when living a life of nonproductive behavior. Where their existence depends on
12
CULTURE
CLASS
and social status determined by wealth, is the key to manipulating those in political positions to pass laws that serve only the very few. Best wishes Bill Himmelwright Numismatist
12 VICES OF MONEY
“Right on the money” Premium Quality Coin