Tuesday, October 23, 2012

The Constitutionality of a Fiat Currency

The current monetary system of the United States is unconstitutional, through and through. The Constitution does not provide an in-depth explanation as to what monetary system the United States must use, but what it does say is unambiguously lucid. Article I, Section 8, clause 2 states: "The Congress shall have power... to borrow money on the credit of the United States... [clause 5:] to coin money, regulate the value thereof, and of foreign coin, and fix the standards of weights and measures... [and clause 6:] to provide for the punishment of counterfeiting the securities and current coin of the United States... " Furthermore, Article I, section 10, clause 1 declares: "No state shall... coin money; emit bills of credit; or make anything but gold and silver coin a tender in payment of debts... "
The writing of the Constitution in the summer of 1787 did not take place long enough after the end of the Revolutionary War for the Founding Fathers to forget the calamity of paper money printed and issued by the Continental Congress during the war. The paper notes known as "Continentals" eventually declined to zero percent of their original value because they could not be redeemed for either silver or gold. They were "greenbacks", and as such were the first of three major experiments with "greenbacks" that this nation has conducted. The Continental greenback failed so terribly that it gave rise to the saying "not worth a Continental."
Therefore, there was hostility towards paper money when the Constitutional Convention met in 1787. A delegate from Virginia by the name of George Mason declared that he had a "mortal hatred to paper money." Delegate Oliver Ellsworth from Connecticut believed the Convention to be "a favorable moment to shut and bar the door against paper money." James Wilson, a Pennsylvania delegate, argued: "It will have a more salutary influence on the credit of the United States to remove the possibility of paper money." South Carolina Delegate, Pierce Butler, made the point that paper was not legal tender in any country of Europe and that it ought not be made one in the United States. John Langdon of New Hampshire said that he would rather reject the whole Constitution than allow the federal government the power to issue paper money. When it came time for the final vote on the issue, nine states opposed granting the federal government power to issue paper money, and only two favored such a power.
The Founder's intentions were made obviously by using the word "coin" rather than the word "print," or the phrase "emit bills of credit." Thomas M. Cooley's Principles of Constitutional Law expounds upon this point: "To coin money is to stamp pieces of metal for use as a medium of exchange in commerce according to fixed standards of value."
Congress was granted the exclusive power to coin money while the states were prohibited from doing so. In addition, states were prohibited from making anything but gold and silver coin a tender in payment of debt, while the federal government was not granted the power of making anything legal tender.
In James Madison's explanation of the Constitutional provisions on money, Federalist No. 44, Madison referred to the "pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government." The intention of the Founders was to avoid the paper-based monetary system that has been used in the United States since Richard Nixon closed the gold window in 1971.
This intention was understood even throughout the 19th century. Daniel Webster wrote:
"If we understand, by currency, the legal money of the country, and that which constitutes a lawful tender for debts, and is the statute measure of value, then undoubtedly, nothing is included but gold and silver. Most unquestionably, there is no legal tender, and there can be no legal tender in this country under the authority of this government or any other, but gold and silver, either the coinage of our mints or foreign coins at rates regulated by Congress. This is a constitutional principle, perfectly plain and of the very highest importance. The states are expressly prohibited from making anything but gold and silver a tender in payment of debts, and although no such expressed prohibition is applied to Congress, yet as Congress has no power granted to it in this respect but to coin money and to regulate the value of foreign coins, it clearly has no power to substitute paper or anything else for coin as tender in payment of debts in a discharge of contracts... The legal tender, therefore, the constitutional standard of value, is established and cannot be overthrown. To overthrow it would shake the whole system."
In 1832, the Select Committee on Coins of the House of Representatives, in a report to Congress, concluded that "the losses and deprivation inflicted by experiments with paper currency, especially during the Revolution; the knowledge that similar attempts in other countries... were equally delusive, unsuccessful, and injurious; had likely produced the conviction that gold and silver alone could be relied upon as safe and effect money."
In 1844, the House Committee on Ways and Means concluded: "The framers of the Constitution intended to avoid the paper money system. Especially did they intend to prevent Government paper from circulating as money, as had been practiced during the Revolutionary War. The Mischiefs of the various expedients that had been made were fresh in the public mind, and were said to have disgusted the respectable part of America... the framers.. designed to prevent the adoption of the paper system under any pretext or for any purpose whatsoever; and if it had not been supposed that such an object was effectively secured, in all probability the rejection of the Constitution might have followed."
In 1884, in the case Julliard vs. Greenman, Justice Stephen Field wrote: " There have been times within the memory of all of us when the legal notes of the United States were not exchangeable for more than half their nominal value. The possibility of such depreciation will always attend paper money. This inborn infirmity, no mere legislative declaration can cure. If Congress has the power to make the notes legal tender and to pass as money or its equivalent, why should not a sufficient amount be issued to pay the bonds of the United States as they mature? Why pay interest on the millions of dollars of bonds now due when Congress can in one day make the money to pay the principal; and why should there be any restrain upon unlimited appropriations by the government for all imaginary schemes of public improvement if the printing press can furnish the money that is needed for them?"
It is noteworthy that this power of coining money is mentioned in the same sentence in the Constitution as the power to "fix the standards of weights and measures," because the framers regarded money as a weight of metal and a measure of value. Roger Sherman, delegate to the Constitutional Convention, wrote that "if what is used as a medium of exchange is fluctuating in its value, it is no better than unjust weights and measures... which are condemned by the Laws of God and man... "
Today's paper money system, issued by a coercive banking monopoly, has no basis the in the Constitution. It is precisely the sort of government institution that can forcibly exact financial support from the people without their consent. As such, it is a form of taxation without representation, and a denial of the hard fought and won principle of consent before payment of taxes. It is a form of embezzlement.
Surprisingly, the Supreme Court has never decided on any cases challenging the constitutionality of our current irredeemable paper money system; in fact such a case has not yet been adjudicated before the Court or at the federal appellate level.
The argument against a irredeemable paper money system is more than a Constitutional argument. It is also a moral argument. Furthermore, this system has led to a split in the field of Economics between Monetarists and the new school of Austrian Economics. This split lies mainly in the concept of inflation. Monetarists describe inflation as "the rise of prices over a period of time" whereas Austrian Economists describe inflation as "the unwise over-expansion of the supply of money and credit." It seems that the Austrian Economists have won this argument but the Federal Reserve continues to operate under the Monetarist definition of inflation. This leads to the lowering of interest rates once the bubbles (like the Dotcom bubble or the sub-prime mortgage crisis of 2008) of the boom-bust cycle burst. This leads to further expansion of credit in the system and the creation of a new bubble and thus the perpetuity and increased severity of the boom-bust cycle. This inflationary monetary policy facilitates the transfer of wealth from the poor to the very wealthy and politicians and the consolidation of wealth in the hands of a few.

Tuesday, October 16, 2012

Prefabricated Buildings for Industry

The need for additional space can present a headache for any business, whether it is needed for extra capacity or to overcome the consequences of a fire or flood. Creating a conventional building of bricks and mortar is a time consuming and costly exercise and increasingly businesses are turning to prefabricated buildings as an alternative. There are a variety of designs and styles of prefabricated buildings so there are choices to be made.
Prefabricated building alternatives
For larger prefabricated buildings the choice is between having a steel or an aluminium building and both have their advantages. Buildings made from steel are obviously stronger than those made from aluminium but, because of their weight usually require ground work to be carried out to support the load and there is the possibility of corrosion over time. Aluminium is not as heavy as steel and buildings made in this material can be installed on to level hard standing without extra foundations being laid. Although aluminium is a lighter material than steel it is more flexible when impacted and is very resistant to corrosion.
The fact that aluminium buildings can be assembled in a matter of days and be disassembled just as quickly, makes them an attractive proposition for use as an alternative to a permanent structure. This type of building can also be bought outright or hired which offers choice in the financial arrangements.
Selecting a prefabricated building
As with most things however its horses for courses and some people prefer steel buildings because they come with a steel roof. The aluminium prefab buildings have a fabric PVC roof which may need to be replaced during the lifetime of the building. This however is an extremely fast and economical job so devoted fans of the aluminium option don't find it significant enough to change course.
Given the very fast installation time and the fact that most suppliers carry stock, aluminium industrial buildings can create on-site space extremely quickly. This is obviously ideal in an emergency such as a warehouse fire, but it also gives businesses the ability to quickly capitalise on growth opportunities and get a fast return. When compared to a steel or permanent structure, a return on a new project can be seen in weeks as opposed to months, or maybe years.
Prefabricated buildings also come in the form of cabin type structures; Portakabin being a renowned manufacturer and provider. These buildings are often used for offices and classrooms but can also provide space for a wide range of applications such as canteens, marketing suites, bathrooms, retail or storage units. Steel framed modular buildings of this nature are manufactured in the factory and fitted out with all services prior to being transported, ready for use, to site where they are craned into position. All manufacturing is done in a controlled factory environment avoiding any problems with adverse weather or busy operational sites. Buildings can be stacked on top of each other creating multiple storeys and hired or purchased.
This wide choice of prefabricated building combined with the options available with permanent structures shows that with the right research and knowledge businesses can find a solution that ticks all their boxes for design, cost, speed, functionality and durability.

Tuesday, October 2, 2012

Let's Assume the Future of Business

Buying a business or starting a new business is very challenging task to do and everyone cannot perform well in this. A business requires a goal, financial investment, structure and thousands of customers. It's a competitive world and everyone wants to get success in his work and want to make money fast.
As we know that today the whole world is going online. Three fundamental features are there of the web that increase the power of it.
The web is global in which many servers and browsers make connection between businesses and consumers. This is an open technology that has also allowed the Internet to grow globally.
The best advantage of the web is that it is the most powerful information source for consumers and they can easily gain rich information about the product, services and also about buying a business online.
The web is interactive. It is the ability of web in which the true nature of the internet and the basis of its power are included to conduct a dialogue with the consumer. The online business is the best way to start a new business or to buy an old business. You can connect many consumers with your business and earn more profit.
You can make the better future of your business; you just need to be careful of the effects what you see on the website and the real opportunities of your future company. These make the partnership between seller and buyer to work together and to get the mutual benefit. You should have the online store of your product or others for all so that anyone can buy them anytime and anywhere in the world. It will repeat your customers if, you are eager to work harder and it can be a large portion of a company's business.
An e-commerce website or company website builds relationship between business and consumers and help satisfying customer's desire for effective customer service. A business website allows customers to find the information what they want and whenever they need it. It can be easy to answer the same questions of customers with a presence of the web and to save a lot of time to be spent. Your staff can direct them to your website for further information.
Two major advantages are there of online business. First, it makes the online communication and help knowing the consumer feedback. A positive feedback makes your customers feel good about your business or company. Second, it helps in getting more profit directly and getting success in life.

Tuesday, September 25, 2012

Building A Stronger And More Solid Workforce

There are several factors that can encourage a person to apply for a job at a specific company and stay on to become a loyal, long-term employee. Primarily, the opportunity to work within one's academic field is a major factor in deciding on which employers to send applications to; in such an employment, the candidate will be able to put the skills and knowledge he gained from his academic life and training to good use. For others, however, getting the job they studied for may not be as urgent a need as landing one that pays significantly better. Still others may choose to apply at an office where employees and the management alike demonstrate a solid commitment to various social causes. No matter where a candidate sends his resume, one can assume that he chose a specific organisation because he believes he can gain positive benefits from the employment.
When employees choose to leave a company, it is equally important for the employer to know the reasons that led to this event. Resignations can indicate that there is a source of dissatisfaction or discomfort within the company's processes that may be affecting the employees' performances or their view of the work environment. By hiring experienced human resource experts to gather and interpret staff turnover data, a company can discover its strong points that motivate people to join their team as well as its faults that convince them to seek employment elsewhere.
Exit interviews are some of the most important processes that can give companies a clearer picture of why employees are choosing to leave their positions. In these interviews, a person is encouraged to identify the reasons they wish to leave-this could pertain to lack of communication among teams, faulty leadership from the management, disorganised workflows, strained relationships with colleagues, unsafe or unsanitary facilities, and others. Often, people undergoing exit interviews will be asked questions such as whether any steps were taken to address these issues and why resignation was the solution chosen by the employee. With this information, a company can discover its undesirable practices and weak spots and address them accordingly to prevent future resignations and improve the harmony within the workplace.
Human resource experts will also be able to help companies discover their strong points that encourage people to join their teams and engage them to stay as employees for the long haul. These experts can find out the main reasons why tenured employees choose to stay; these could refer to respectable leaders, outstanding benefits, creative and constructive team dynamics, and comfortable and productivity-stimulating office surroundings. Companies can identify their strongest areas and further develop these to strengthen employee satisfaction and productivity even more.
With successful employee retention practices, an organization will find itself with loyal, inspired, and happy employees that contribute to the success of the entire business entity. These workers will also become highly likely to invite friends and acquaintances to discover for themselves how the company can be a great place to work, thus bringing in even more qualified and dedicated employees. Retention experts with years of experience in human resource management can help strengthen a company's existing workforce, implement effective recruitment strategies, and enjoy success thanks to their valuable employees.

Tuesday, September 18, 2012

IT Support Solutions That Ensure Continued Productivity In Your Workplace

Small businesses, however small they may be described, still have a lot on their plate to keep the venture running smoothly. While they may not have large departments of employees or overseas sites working round the clock on specific operations, they would still have a number of processes to look after, and this is often made possible by the creation of a highly efficient and rewarding office information technology (IT) system.
What small businesses may not have, however, is a dedicated IT department to maintain an eye over their systems throughout the day. If a technical crisis were to emerge on a particularly crucial period, the small company would have no immediate way of getting the IT system back up and running, and every minute that passes with major operations stalled would have potentially devastating loss on the company's ability to generate profits. Important tasks will be delayed and many opportunities for new or recurring business may be lost. One solution to prevent this from ever happening is to hire an excellent IT support team to handle the company's various IT needs.
Local and reliable IT support services would have the know-how and the skills to resolve simple to complicated IT issues in the quickest time possible. Most of these service providers offer a remote support program to help business with their technical problems right away. If there are cases wherein the issue would need a closer inspection or more hands-on solutions, locally based support teams would have no trouble heading out to the client's offices to restore the systems as quickly as possible.
Most IT support systems are also well-versed in a variety of other offerings. They would also be qualified to perform a network installation service to carry out specific IT projects of different scales-from simple servers to more complex multi-site requirements. Client companies can hire IT experts to help from the initial planning stage through to the completion of the project if they wish.
A data recovery service would also be a popular and extremely helpful offering by an expert IT team. Several factors can wreak havoc on a small company's technical systems: a computer virus might attack its servers, an employee may have mistakenly deleted a number of important files, or accidents involving fire, water, electricity, and even natural calamities might severely damage a company's hard drive. Skilled IT experts can employ recovery procedures and install preventive applications to help companies avoid similar disasters with data loss in the future.

Tuesday, September 11, 2012

5 Tips to Encourage Your Customers

Product review & rating has become a popular feature that most of the successful e-commerce merchants have applied on their product details page. Main advantage of this feature is: it assures the visitors and customers that this product is not just another banal e-commerce product. People are actually talking about it (both positive and negative) and their thinking is listed here!
People always leave for your competitors when your product details page can't satisfy them by assuring them. Your product details page is the most important part of the site as this is the place when your customers decide whether to add the product to the cart or to abandon it. Hence, every effort should be taken to assure the customers that the products you are offering are indeed offers good bargain and value for price.
One of the strongest features in your product details page is the option to let the customers express their opinion and experience about the product. A simple one line comment added by a happy customer can assure lots of other visiting customers about purchasing the product.
Following are 5 tips for making your product details page more efficient by encouraging customers and visitors to write reviews for your products:
Tips 1 - Product Details page Design:
Your product details page design should get special emphasize hence people always love to visit the products details pages that are visually attractive and neatly presented. The product details page should arrange the product images, description, prices and attribute selection options etc. very neatly and in a way so that customers can find information easily. If your product details page design and arrangement is vivid and attractive, people would love to write something about it. Adding Image zooming, image video and multiple images illustrates the product better and thus gives customers a good insight about the product. If a visitor finds a eye-catchy product details page, it's more likely that s/he would like to add some words there.
Tips 2 - Don't make the process complicated:
Keep the Review & Rating feature simple. A complicated process would simply forbid visitors and customers from adding the reviews. If you want the rating feature to be present along with the review option, offer a visual 5 star rating which can be rated using the mouse click. Offer the negative rating options that would give a bold impression to the visitors that they are free to rate it the way they feel. For the Review make the email fields optional as people often don't want their emails to be visible publicly. Offer an option whether to show or hide the email addresses from the published reviews. One issue you should be particularly careful about is the CAPTCHA. Easy CAPTCHA can easily be broken by the spammers and hard CAPTCHA irritates the real reviewers. Choose one which is difficult to break by the Spamming softwares yet easy for the human users to read.
Tips 3 - Moderate the Reviews and rating:
Your e-commerce platform should help you administering the review and rating casted by the visitors or customers. You should be able to publish/un-publish the reviews,(even manipulate if you want), control the visibility, control the number of reviews per page, reply back to a reviewer and other conventional review & rating moderation features. If you value what your customers are saying about your products, you should regularly moderate the reviews. Visitors feel frustrated they find that their reviews are never getting published in your website. Send them thank you emails for the reviews and visiting your website and as reply to the review, write something that would not only impress the reviewers but also other visitors.
Tips 4 - Keep the 'Negative Reviews' as well:
If your product details page is full of reviews with flattering and praising words & all 5 stars, that would possibly make other visitors doubtful about authenticity of those reviews. If customers are criticizing the products, it's your best chance to defend the reason and let others know it. Take the chance to confront the negative reviews with satisfying answers and place them among the other reviews.
Tips 5 - Reviewing Competition:
What about announcing a little gift, free coupon or discount for the top rated reviewers? Yes, that would definitely encourage visitors and customers explore your products and write something about them. A $5 coupon code, 5% discount or free gift wrapping would inspire lot more visitors and customers to write some lines for your products.

Tuesday, September 4, 2012

Only 1% of SMEs Use Social Media

According to a recent survey completed by TalkTalk Business, only 1% of SMEs in the UK utilise social media sites like Facebook and Twitter as new business tools.
Can this be true? Apparently so! I recently read an article in The Drum which highlighted this and, I have to say, I was more than a little surprised. Social Media platforms are most suited to SMEs in that they are free to use, and help to engage directly with their existing, as well as potential, customers. In 2011, Facebook surpassed even Google in terms of internet usage... yet most companies will invest in a website but not give social media a second thought, meaning they are only covering themselves in half of the online market space.
From reading many articles about the emergence of social media specifically as a business tool, I have gleaned that this is mainly down to a classic case of 'fear of the unknown'. "What does it do?", "how do we use it?" and "Where do we start?" are all questions we encounter on an almost daily basis. The answer to this is to have a clear cut strategy in place for your social media usage. As with most forms of marketing, you need to have a defined plan. This can be difficult when you don't fully understand what you're working with yet, so don't be afraid to ask for a little advice or input - sometimes the best ideas for content etc come from customers themselves.
It is really important that you don't overtly try to 'sell' your products and services to your online audience. We see far too many cases of repeated posts of "buy our new this" and "we sell that cheaper than such a body"... this is not the way to go. Obviously the ultimate aim is to generate more or repeated business from your social media usage, but this should be done in a more engaging way. Try instead to be informative about the products/services and become a bit of a guru of information within your specified area. Chat with people, ask questions and answer their questions. The idea is to engage with your audience in a way which will leave an impression, making you the first company they think of when they think of a certain product/service.
Another thing to consider is that social media is a long term investment. It won't generate massive results over night, and it is not a 'quick fix', but don't give up on it! Over time, it is an excellent way of attracting/ gaining presence and retaining business and it WILL work if you do it properly and persevere with it.
Perhaps the most important aspect of your strategy, along with what to post, is where to post to. There are so many social media platforms in use, so it is important to gauge which ones will be best suited to the audience you are trying to target. For example, trying to endorse a video game is likely to have a lot of success on Facebook, but yield very little on LinkedIn. Gauging which outlets will have the greatest impact is all about analising where your customers are more likely to frequent.
I will end with a comment from Paul Lawton, MD of TalkTalk Business -
"Social media can prove invaluable as a new business tool and so it's worrying to see that so few SMEs are embracing it. Its business benefits range from being able to engage and understand the needs of customers and prospects through to gaining insights into target markets and perceptions of your organisation or brand".