The sacred geese of Juno Moneta, and the origin of ‘money’
by Prof. Antal E. Fekete
Posted originally Monday, 11 April 2011
from: “Hearken to the Sacred Geese of Juno Moneta”, Source: GoldSeek.com
The combined Federal Reserve credit creation of QE I and II exceeds one trillion dollars. There is no way underneath the Sun to come up with unencumbered collateral of that magnitude to make this miraculous money proliferation legal.
I FIRST CAME TO SUSPECT THAT IN INJECTING Federal Reserve credit into the domestic and world economy the Fed was in violation of the law when former Chairman Alan Greenspan inundated the money markets shortly after taking office following the stock market crash in 1989. My suspicion was that he got away with it by simply reversing the two-step creation of Federal Reserve credit, namely, FIRST STEP: posting collateral; SECOND STEP: issuing Federal Reserve notes and creating Federal Reserve deposits.
Reversing the process would have meant that Greenspan had FIRST issued the notes and created deposits and, SECOND: with them he had purchased Treasury paper pledging them for the purpose of creating credit ex post facto (retroactively).
To the uninitiated this simple reversal may look innocuous enough and, indeed, Greenspan could have argued that nothing more than a simple house-keeping change was put into effect that fell well within his authority. On closer scrutiny, however, it appeared that it was not a housekeeping change at all. It was, if indeed it happened the way I have assumed it did, an instance of usurpation of power that Congress alone has: to amend the Federal Reserve Act. No abundance of words would change the fact that, if Greenspan had done that, then he had created Federal Reserve credit in blatant violation of the law. The difference made by the reversal was the difference between issuing this credit lawfully, or issuing it unlawfully.
Pirates have taken over our government’s finances, and are getting ready to help themselves to the public purse. [They have already done so. –Aurick] These pirates apparently believe that members of the Legislative Branch, congressmen and senators, are simpletons. They can be easily persuaded that no more than a mere technical housekeeping change is involved. After all it is inconsequential, is it not, whether the cleaning people wash the windows first and scrub the floor afterwards, or whether they do them in the opposite order. The same is true, for the stronger reason, for the experts at the Fed.
It is time to blow the whistle. It is time for the sacred geese of Juno Moneta to honk, sounding the wake-up call for the sleepers to start defending themselves against mortal danger: that of being sold into slavery.
If you asked French boys and girls where the French equivalent of the word ‘money’ had come from, they would answer: “Why, it means ‘silver’, doesn’t it?” By contrast, most native English speakers don’t know the origin of the English word ‘money’. That’s a pity because the explanation is fascinating. It is wrapped in a fairy-tale like story. Well, schools do not teach fairy tales any more, even if they have a moral on which your life may one day depend.
Many years after the rape of Troy by the Greeks, Rome was similarly threatened by its enemy, the barbarian tribe of the Gauls that invaded the peninsula and put Rome under siege. Inhabitants took refuge in the Capitolium.
The patroness of Rome was the supreme goddess Juno, wife of Jupiter, the father of the Olympian gods and goddesses. The Romans built a magnificent temple for her honor inside Capitolium, the citadel at the top of the hill which doubled up as the Mint where the gold, silver and coper coins of Rome were struck. In the garden around the temple the sacred geese of Juno dwelt.
In the back of the temple the hill was steep and full of cliffs with no roads. The Romans expected the assault to come from the opposite side that was less steep and where the roads were. Accordingly, the Romans left the back of the hill undefended. The invaders decided to take advantage of that. They approached the hill from that side and wanted to surprise the inhabitants under the cover of the night and murder them in their sleep.
They climbed the cliffs. Their plan would have probably succeeded but for the sacred geese of Juno that started honking loud when they noticed the invaders. That in turn woke up the defenders who drove off the enemy and defeated them decisively in the battle that followed next day. Unlike the story of Troy, this one had a happy ending.
The Romans gave thanks to their patroness Juno and thereafter called her Juno Moneta (Juno the warner, or Juno the admonitor). And Rome went on to great things. Her coins carried her fame, glory and riches to the far corners of the known world. And because they were minted in the temple of Juno Moneta, people lovingly called them ‘money’.
Let this be the wake-up call for America. Terrorism is a red herring. The real enemy is already inside of the citadel. The pirates have taken over the Fed. The sacred geese of Juno are honking loudly.
May Juno Moneta once more save our civilization.
From Wikipedia: Juno Moneta
Juno Moneta, an epithet of Juno, was the protectress of funds. As such, money in ancient Rome was coined in her temple. The word “moneta” is where we get the words “money”, or “monetize”, used by writers such as Ovid, Martial, Juvenal, and Cicero. In several modern languages including Russian and Italian, moneta is the word for “coin.”
As with the goddess Moneta, Juno Moneta’s name is derived either from the Latin monēre, since, as protectress of funds, she “warned” of instability or more likely from the Greek “moneres” meaning “alone, unique”, an epithet that every mother has.