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Fiat Money: The Fuel of Government
- Text size
Richard Hoste
HBD Books
October 16, 2009
End the Fed
By Ron Paul
210 pp. Grand Central Publishing 2009
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How many politicians are capable of writing a book, nay, a paragraph that would be worth reading? Watching them on TV, they seem the most spineless, uninteresting group of people imaginable. It seems obvious why. In the same way diversity leads to a culture that appeals to the lowest common denominator, a popularity contest involving the general population favors the smallest men imaginable.
An exception is Ron Paul, a man who lives a life of ideas and action, as the Founding Fathers did. The congressman has spent a lifetime as a champion of liberty and his greatest enemy is the Federal Reserve. Fresh off his 2008 presidential campaign he wrote End the Fed.
Our Government the Thief
According to Paul, the best case against the Fed is simply that it’s immoral. When government prints a new dollar, the value of each one in circulation goes down. The government shouldn’t be allowed to print money for the same reason you or I aren’t allowed to counterfeit.
If that’s not enough for you, there is the constitutional argument. The Tenth Amendment to the Unites States Constitution says that whatever powers not explicitly granted to the Federal Government are left to the people or the states. There is nothing in the Constitution about centralized banking. And the states aren’t allowed to declare whatever they want as money either. Article 1, Section 10: “No state shall…make anything but gold and silver coin a tender in payment of debts.”
The economic argument that centralized banking is needed to deal with the boom and bust cycle is like a tobacco company saying that their goal is to fight lung cancer. It’s the Fed which mandates artificially low interest rates and creates imagined wealth in the first place, leading to the bust phase. Unfortunately, Paul doesn’t explain this clearly enough and I think he may expect too much from the casual reader. The author proceeds as if it’s common knowledge what the Fed is and what it does, or even how money works. Had I not read Murray Rothbard’s The Case Against the Fed and What Has Government Done to Our Money? I would’ve been lost. Both books along with those of others by Mises Institute scholars are recommended under suggested reading.
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October 16th, 2009 at 9:45 am
i really want to separate the chaff from the wheat.
WHOLESALE, and FULLSCALE.
SPIRITBLADE Reply:
October 16th, 2009 at 9:50 am
Here’s what comes next kids:
http://www.stevequayle.com/New.....beast.html
Big Bill Reply:
October 16th, 2009 at 10:11 am
Find out what she would do.
http://www.youtube.com/watch?v.....re=related
Rico Reply:
October 16th, 2009 at 11:42 am
Hyperinflation is on it´s way as the U.S. government keeps the printing presses rolling. How long do you really think it will take before the U.S. will have to pay the piper. It´s only a matter of time, people.
My advice is to diversify out of the dollar. Silver is a better bet than gold right now. You should look at foreign currencies, too. By all means, get out of the dollar (and even the U.S. if you can).
Between the traitor politicians in Washington, immoral corporate interests, the looting bankers, and a large segment of the population that is hopelessly oblivious, you Yanks are in the same position as the people in New Orleans before Hurricane Katrina. The warning signs are all around you. Are you going to stand still, or are you going to do something to save yourselves and your families?
Get some money together and set out for greener pastures before disaster really hits the dollar and the U.S. as a whole.
Check out this video on a program that can help you diversify among foreign currencies and precious metals. Be sure to watch the whole video.
http://www.youtube.com/watch?v=m7ajstG4AkM
KiD WiZDOM Reply:
October 16th, 2009 at 3:13 pm
1.Directs the Treasury Department to issue U.S. Notes (like Lincoln’s Greenbacks) to pay off the National debt.
2.Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt.
These two relatively simple steps, which Congress has the power to enact, would extinguish the national debt, without inflation or deflation, and end the unjust practice of private central banks creating money as loans (i.e., fractional reserve banking). Like the Federal Reserve Bank. Here is the answer and solution to one, if not the main problem, America has right now. You say I have no answers, here it is the answer, now which one of you who say are intelligent and brave and love America, Which one of you truthers will help implement this solution that I present to you so called patriots and freedom-fighters and protectors of the Constitution. But how can we implement this solution if the Federal Reserve Bank Company will continue to protect the privilege to print American money with military force.
KiD WiZDOM Reply:
October 16th, 2009 at 8:53 pm
I DID NOT POST THAT I DID NOT POST THAT I DID NOT POST THAT!!!! I would like to apologize for the disgusting insults and comments that have been left today in my name KiD WiZDOM those who have read my comments and beliefs that I post on this web site know that I would never leave these type disgusting type of comments. I am a Christian and believe in the teachings of man the named Jesus son of God, who came to Earth and became King. This world is full of demons as most of you can see. They hate the Son of God just like Jesus predicted in the scriptures. I ask God to forgive the man who posted those disgusting comments in my name KiD WiZDOM. And a warning to the individual who did this, people like you will die but you will die sooner and you will never be remembered just like the bastard child of Satan you are.
KiD WiZDOM Reply:
October 16th, 2009 at 8:56 pm
I would like to apologize for the disgusting insults and comments that have been left today in my name KiD WiZDOM those who have read my comments and beliefs that I post on this web site know that I would never leave these type disgusting type of comments. I am a Christian and believe in the peaceful teachings of the Man named Jesus Christ son of God, who came to Earth and became King. This world is full of demons as most of you can see. They hate the Son of God just like Jesus predicted in the scriptures. I ask God to forgive the man who posted those disgusting comments in my name KiD WiZDOM. And a warning to the individual who did this, people like you will die but you will die sooner and you will never be remembered just like the bastard child of Satan you are
toad Reply:
October 17th, 2009 at 11:50 am
The first KiD WiZDOM comment offers a solution to the fundamental money problem. The same solution is offered at the end of “The Money Masters.” It’s simple and it would work. We would still suffer some inflation simply due to the ratio of the amount of debt owed to the total money supply, but it’s the best and most implementable solution I’ve ever heard. As the Federal debt will be paid off by the new “Hard” money, there will be no need for the income tax and that could ease the problem of inflation for many people. Furthermore, the economy could really use the “stimulus” of a zero percent income tax – the tax is unconstitutional anyway.
Seriously… banking, as we know it should end. It should be illegal to lend out something that does not exist. It is simply absurd to continue the practice.
Watch “Money as Debt” and think about it for a while. Watch “The Money Masters” too.
Olive Farmer Reply:
October 16th, 2009 at 12:03 pm
The money elite are using YOUR taxes to kill babies
The SHEEPLE need to understand their guilt
Go here:
http://olivefarmercrete.blogspot.com
Print a hundred
Post them in their mailboxes.
The SHEEPLE are murdering babies with their ignorance and apathy.
TIME to LET THEM KNOW!!!
diedaily Reply:
October 16th, 2009 at 2:03 pm
Don’t bother with that site…a few paragraphs of information (old news) that somehow takes them dozens of pages to spit out. Very slow reading with lots of superfluous verbiage. It’s not disinfo or anything, not at all, but just really badly written.
Drunkerton Reply:
October 16th, 2009 at 3:23 pm
We need to fight this evil every way we can and don’t stop until the federal reserve is in shreds….
MadMarkie Reply:
October 16th, 2009 at 10:55 am
I worry about debit type cards. What is your opinion of these? Yes, we still have cash (monopoly money) as alternative today, but what about tomorrow. What happens when they do away with any form of cash transaction and all transactions take place using some form of a debit type card or a biometric; thumbprint, etc. They could turn off your life in an an instant and for all practical purposes you would never have existed. I would appreciate you addressing this issue.
diedaily Reply:
October 16th, 2009 at 2:04 pm
Then we pay with chickens and bars of iron and such. Most of all, we trade-swap.
Crito Reply:
October 16th, 2009 at 2:55 pm
Problem with using a barter system is according to law BOTH sides of the transaction have to pay taxes. So the government will say the chickens were worth $5 and the bars of iron were worth $5 and each of you owes $2.50 in taxes. And the feds don’t accept chickens or bars of iron as payment for taxes, only their own fiat money.
They’ve got us right where they want us. We’re wage slaves working for green paper.
Olive Farmer Reply:
October 16th, 2009 at 3:42 pm
@Die Daily
I see you
Shill
And so does everyone else
I’m not a “them” I’m just me
Strangely, according to the comments I get, “really badly written” is not the truth
Love to you
I hope you get to see the light
Olive xxx
KiD WiZDOM Reply:
October 16th, 2009 at 7:17 pm
I CANT WAIT FOR JESUS TO GET HERE, THATS GONNA BE ONE HELL OF AN ORGY.
Albion Rover Reply:
October 17th, 2009 at 4:55 am
The mark of the beast and the number of his NAME are different things, not one and the same.
Will See Reply:
October 17th, 2009 at 12:58 pm
The real problem is not Fiat Currency. In fact, most of the modern world’s worst economic depressions took place under gold and silver backed currencies.
The Real problem is that when PRIVATE bankers get paid interest to use public money. The People lose the gains. That is why when the Fed Act in 1913 was passed, the IRS also came into effect. Money that would have been loaned from our US Treasury to us, repaying interest back to our own national treasury, now went into the pockets of the banksters. and we had to pay TAXES to run the government, and the interest to the banksters on top of it.
Lincoln’s greenbacks were the closest thing to Constitutional monetary policy that we have ever had. They were subverted by the Shylocks and foreign banks immediately — just like the way JFK was assassinated only months after he began issuing Silver Certificates in 1963.
American P.R.I.N.C.E.S.S Reply:
October 16th, 2009 at 10:28 am
Ron Paul supporters in this thread are all Zombies who would rather vote for creepy buffoon and a liar. Only Person who will protect your Liberty & Freedom is our great Leader President Obama.
PO'ED in KY Reply:
October 16th, 2009 at 11:01 am
Are you on crack??? I hope you’re just writing a joking comment… Otherwise, you scare me…
diedaily Reply:
October 16th, 2009 at 2:06 pm
No he’s not joking. He is on crack, but that not his main problem…it’s those CIA paychecks. Selling your soul for less that minimum wage is tough for anyone.
SPIRITBLADE Reply:
October 16th, 2009 at 11:05 am
i can’t believe that fell-out of your pie-hole
L.B.H Reply:
October 16th, 2009 at 11:40 am
Yeah, I’ve had enough of this TROLL P.R.I.N.C.E.S.S…
Take your snake oil elsewhere, cause you are not selling it here.
Negativezero Reply:
October 16th, 2009 at 12:38 pm
you guys calm down shes probley a stupid ass american still blinded by obamas black skin open your eyes
KiD WiZDOM Reply:
October 16th, 2009 at 7:17 pm
jesus
will kill her
Sparky Reply:
October 16th, 2009 at 8:22 pm
When will you people learn to IGNORE THE TROLLS!
Please.
Negativezero Reply:
October 16th, 2009 at 11:55 pm
i dont think so hes all about forgivness and mercy
Red Dawn 09 Reply:
October 16th, 2009 at 10:50 am
Last I heard the dollar is really worth 7c. You had better have your things prepared for travel and have it ready for transport soon. Dont forget salt,magnisium fire starter,hatchet,hand saw,wood working tools,vitamins,water filter,portable burner,first aid kit with snake bite and bee sting kit,dehydrated food,emergency blankets,extra socks,sturdy boots for all,hunting knife,compass,rope,carabiner clips,heavy duty trash bags for keeping your things dry while fording rivers,galvanised screws,warm cloths,sugar,spices,weapon&ammo ALOT,tarps not tents,sleeping bags rated 20 below 0,bug repelent,razor blades,ace bandages,laminated maps, and alot im sure you have allready. Your life DOES depend on it so spare no expence on these things. Click my name for solid information on todays hottest topics. Movies,video’s,blog’s,text and when your just to full of info to continue, Games. Updated daily and newly awakened patriots welcome.
RJM Reply:
October 16th, 2009 at 11:17 am
THIS IS THE BEST IDEA I’VE HEARD IN TWO YEARS TO FIGHT BACK THE GLOBAL ENSLAVEMENT. Aaron Russo was on to something, If we can rally the American people to stop paying these unconstitutional taxes, government won’t be funded and neither will the federal reserve.
Ask yourselves this, do you continue to pay for goods or services from any other industry or sector, if they’re harming you or not doing you any good? Do you continue to pay employees if they lie cheat and steal from YOUR company?
By paying taxes, you paying for them to sit in their fancy high-life positions where they are ABOVE the law and you fund the government and the Federal reserve to continue implementing programs to control YOUR life.
I know its far fetched, but we need to brainstorm and take action. Everyone that comes on this website and others like it needs to STOP TALKING FOR ONCE, AND START TAKING ACTION! We need to get Alex Jones to publicize it and get others in Media to follow.
The protests of all prostests!!!!!!!! The “DON’T PAY YOUR TAXES” protest
Obviously everyone will be forced to pay sales tax but that is ok, Do me a favor and name something that isn’t taxed?…………..That’s hard to answer isn’t it. How in the HELL did we as a Nation that represents and symbolizes Liberty, Justice, and Freedom for the Entire World allow are Constitution to be overran and kicked to the garbage can like this?
The Reason is we are all selfish and trying to look out for what’s best for ourselves and immediate family. We are all trying to Survive by making money and working hard and going to school everyday. We are all too busy with our own lives to do anything that takes time and money to help the greater good.
They have sucked us all into the rat race and web of involving yourself into slavery monday through friday, and some weekends too. A slavery by which you work everyday for hours and hours just to get the scraps of their wealth. Their wealth by the way which is created from paper and a printer and the letter of the Law which they enforce with city, county, state, and federal officers whom which all are FUNDED by YOUR TAXES!
I know this is a long shot protest, but if we are to truly do anything to stand up and fight, rallying the American people to not pay taxes is the way to do it. We bankrupt the government and the Federal Reserve!
If the numbers of participants are large enough, how in the heck can they enforce anything upon us with government officers, We are a country of 307,000,000 people, how many jails and officers and military members do they have to take down the majority of poverty, working, and middle class citizens who would choose to not pay their taxes? NOWHERE NEAR ENOUGH.
Get the enitre nation to QUIT PAYING YOUR TAXES, for this to work we need as many people of the 307,709,681 U.S. Population to participate as possible, for if it only ends up being few that rally up and stop paying, they will all suffer and go to jail…We need to plan this wisely and get MASSIVE NUMBERS behind us for this to WORK.
THROW OUT IDEAS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
They may print more money, they may try to scare everyone, but right now 3.3 million people are out a job that were in a job a year ago, that is 3.3 million less people that will pay taxes this year and the next, perhaps for a few years. But what if 200 million people didn’t pay any taxes and just let the Government fund itself into a black pit that will only bring to the changes we want, a new President, a new Congress, a who bunch of new people in the White house and it sounds easy, but people get scared and end up paying their taxes. SO if we can work on getting everyone to stop paying taxes, we can get rid of the problems by making them go broke instead.
sanders Reply:
October 16th, 2009 at 9:57 pm
Thats a great idea. I totally agree. But the sad thing is out of the 300 million + theres only about 60-65 million Americans that actually pay taxes. I also think that most of the people here enjoy being the sheep they are, it excludes them from any accountability or responsibility. Thats why most people choose to keep their eyes closed and refuse to believe the truth. The thought that their “Big Brother” isn’t really looking out for their best interest is just too much for their simple minds to fathom.
Danny Wilder Reply:
October 16th, 2009 at 12:21 pm
In this article: http://money.cnn.com/2009/10/1…..2009101611
The Goldman Sachs CEO admits that they are taking from the poor and giving to the rich. I quote:
Blankfein, speaking at a breakfast conversation hosted by Fortune, emphasized that the investment firm serves “an important social purpose” by channeling pools of money held by pension funds and others to companies and governments around the world.
We should keep this for his trial.
Malone Ducklo Reply:
October 16th, 2009 at 4:18 pm
Article 1 Section 10 is the one part of the constitution that needs amending. fiat money is fine so long as it is by and for the people. no need to tie value to gold and silver, most of which is in the possession of the same Elites causing all the central bank trouble.
SPIRITBLADE Reply:
October 16th, 2009 at 4:27 pm
Wow, you guys make me feel so old.
i remember holding “silver certifacates”, which you could take to the bank, AND ACTUALLY TRADE FOR REAL SILVER.
A ‘dollar bill’, isn’t worth the nylon, (USED TO BE SILK)- that it’s printed-on.
Don’t die stupid.
KiD WiZDOM Reply:
October 16th, 2009 at 7:17 pm
you are going to hell
SPIRITBLADE Reply:
October 16th, 2009 at 7:31 pm
Yep, me, the Lord- and almost 150,000 other tired-assed Israelites.
what’s your point?
October 16th, 2009 at 9:47 am
When the FED and the rest of the central banks die, humanity will be FREE!
TrutherD Reply:
October 17th, 2009 at 10:05 am
Except that one of those families will still have 500 Trillion dollars of whatever the next “money” is….
October 16th, 2009 at 9:53 am
http://www.armyofliberty.weebly.com GO THERE. CLICK ON ARM UP. ENOUGH IS ENOUGH.
October 16th, 2009 at 9:54 am
Dr. Ron Paul is the only voice of reason in a circle full of treason.
L.B.H Reply:
October 16th, 2009 at 11:42 am
Big Bill Reply:
October 16th, 2009 at 3:43 pm
Old Forge pizza is good
October 16th, 2009 at 9:55 am
URGENT; OBAMA SET TO SIGN UN CLIMATE CHANGE TREATY IN COPENHAGEN 12/09. THIS WILL END OUR SOVEREIGNTY AND PAVE THE WAY FOR GLOBAL GOVERNANCE. GO TO WATTSUPWITHTHAT.COM. ANDI
KiD WiZDOM Reply:
October 16th, 2009 at 7:18 pm
this is a good thing.
October 16th, 2009 at 9:59 am
Watch and or Buy the Video
“Money as Debt”
It explains everything in a simple way.
October 16th, 2009 at 10:00 am
Read “The Revolution” by Ron Paul next….
Crito Reply:
October 16th, 2009 at 12:08 pm
Yes, please support big corporate publishing houses and the mainstream media by buying Ron Paul merchandise.
I think I’d rather read something else…. like The Creature from Jekyll Island
http://www.amazon.com/Creature.....0912986212
Sparky Reply:
October 16th, 2009 at 8:25 pm
Actually you should read as much as you can.
Ron Paul’s stuff as well.
But I agree, The Creature from Jekyll Island was a heck of an eye opener and should be required reading for EVERYBODY.
Get that book and read it!
October 16th, 2009 at 10:06 am
It’s UGLY pulp FICTION
burn it all
October 16th, 2009 at 10:21 am
So what is a Detention and Removal Assistant???
http://federalgovernmentjobs.u.....05785.html
October 16th, 2009 at 10:31 am
mises webpage has a whole library of PDFs for free, if anyone wants the link say so.
October 16th, 2009 at 10:47 am
Real money is the counterpart of work. Only workers create REAL money; only them should issue it.
Pack a gun and pay no tax.
October 16th, 2009 at 10:53 am
PLEASE CONTACT John R. Bolton
and demand to stop call for nuclear war on Iran
he is psycho!!!!
elite will lead to third world war!!!!
John R. Bolton
Senior Fellow, American Enterprise Institute
Former U.S. Ambassador to the United Nations and Current
1150 Seventeenth Street, N.W.
Washington, DC 20036
202-862-5892
christine.samuelian@aei.org
October 16th, 2009 at 11:04 am
PLEASE CONTACT John R. Bolton
and demand to stop call for nuclear war on Iran
he is psycho!!!!
elite will lead us to third world war!!!!
John R. Bolton
Senior Fellow, American Enterprise Institute
Former U.S. Ambassador to the United Nations and Current
1150 Seventeenth Street, N.W.
Washington, DC 20036
202-862-5892
christine.samuelian@aei.org
diedaily Reply:
October 16th, 2009 at 2:08 pm
I agree he’s a psycho…but write him? What is he running for election? No! Duh.
October 16th, 2009 at 11:26 am
I’M NOT WORRIED
JESUS IS GONNA RETURN AND SHOOT LAZERS OUT HIS ASS AND KILL THE BAD PEOPLE THEN RAPTURE US ALL OFF TO LAA LAA LAND WHERE WE CAN CRITICIZE ANYONE WHO THINKS RELIGION IS A CULT OF IDIOTS AND FAIRY TALES FOREVER,
YEAH…
roaddog6 Reply:
October 16th, 2009 at 11:43 am
well, I have to admit, that was funny.
wishful thinker Reply:
October 16th, 2009 at 11:49 am
i like that one MAd Dog. We can only hope Jesus wiil rapture them away soon. and then we can really party on Terra.
roaddog6 Reply:
October 16th, 2009 at 12:17 pm
and I’m still waiting with a pork chop.
diedaily Reply:
October 16th, 2009 at 2:10 pm
Yeah, no doubt. Beam them up Scotty! Except for their hot women!
SPIRITBLADE Reply:
October 16th, 2009 at 4:29 pm
[THE DAILY 'FAIL']
October 16th, 2009 at 11:40 am
Private ownership of the banks who create money out of nothing pay the government to print the fiat money. If the government was creating the money then they would not have to pay interest on that money, which they do. The government should create the fiat money, but they only print it for the private banks including the Federal Reserve banks.
Brit2 Reply:
October 17th, 2009 at 12:13 am
Yes, but it is worse than that. The Federal Reserve does not act in the interest of the American people, which is why they always conduct their business in secret without any oversight. They do this to maintain the rates, which is why labour costs $35 per hour in Texas and $3 per hour in Mexico, and a high rate implies it is not economic to employ the people in the USA, and why there is always a trading deficit and more debt.
Who benefits from high exchange rates and more and more debt – there is only one answer – the Banksters!
How can the people solve this problem – end the Fed. (Use tally-stick money – it’s too late to buy gold – China has bought most of it.)
louie Reply:
October 17th, 2009 at 9:00 am
You must have read this booklet, http://www.justiceplus.org/bankers.htm
October 16th, 2009 at 11:46 am
The Truth is that we are not our bodies but our Souls.
The Truth is not just political, it is spiritual, it involves our consciousness and not the world.
Our bodies are simply our vehicles for our souls, our soul is beyond and controls our body and mind.
Our Soul is the infinite, the essence of life. There really is just one soul, the Supreme Soul, as opposed to many individual souls.
Those individual souls are really the idea principles which all interact with each other in a perfect unison. This system of principles is both One and Everything, one system controlling every principle in existence. The true “government” or system. The true government is spiritual, not man or alien ruled. The system itself is One, that is its defining characteristic: the system is one. All of Reality is One. All of Existence is One. That One is the goal of all mankind, the God of the gods, the light of the world. Unity is the closest we can come to knowing this essence. No one can express it more clearly than this. One/Unity/Singularity, that is the Truth.
And since One is the Truth, Unity is the Truth, Singularity is the Truth.
Now, I will tell you how the One is good. Goodness is something that people strive for, because they will think it will make them happy. Thus, goodness is happiness. The best way to achieve total happiness is by having everything that is good.
The One is the unification of everything, under the system of principles, which all reflect the essence of the One. Thus, the One is everything Good. And because the One is Truth, Truth is Good. Because the One is Happiness, Truth is Happiness.
The words Goodness, Happiness, Truth, Singularity, Unity, and the One, all mean the same thing. This means that all truth is good, all truth is happiness, all unity is good, all unity is happiness.
Understand the similarities of these words, so that you understand the essence between each of these words. That is the true realm of truth: that zone in your mind by which knowledge is consciously observed.
SPIRITBLADE Reply:
October 16th, 2009 at 4:30 pm
wow, i want some of what you’re smoking.
lol, maroonie
SPIRITBLADE Reply:
October 16th, 2009 at 4:33 pm
Who is Lord?
roaddog6 Reply:
October 16th, 2009 at 5:23 pm
me.
SPIRITBLADE Reply:
October 16th, 2009 at 6:11 pm
“A self-deluded fool, WORSHIPS himself.”
[ETERNAL FAIL]
KiD WiZDOM Reply:
October 16th, 2009 at 7:19 pm
satan
SPIRITBLADE Reply:
October 16th, 2009 at 7:41 pm
That’s what he thought too…..
October 16th, 2009 at 12:02 pm
Money is one of the greatest human inventions. The problem with it is that it’s used as a method of control and power concentration. Used correctly, it would regenerate morale and usher in an age of progress and freedom unprecedented in history. Unfortunately, people believe the most ridiculous myths with regard to money, about gold standards and the like.
A money system should be straightforward accountancy, respecting the basic principle that the purpose of production is consumption, and all fresh infusions of money into the economy should be in the form of dividends paid directly to all citizens.
As an aside, it’s strange how posts disappear mysteriously from this site.
PrivateSi Reply:
October 16th, 2009 at 1:01 pm
“fresh infusions of money into the economy should be in the form of dividends paid directly to all citizens.”
I AGREE. Obviously as we mine more resources and produce more (all for profit) the money supply should increase. It’s when the money supply is increased with NOTHING ‘real’ to back it up. Printing extra money during a recession is way beyond wishful thinking, it’s BONKERS!
I also believe if the government really wanted to help each person, equally, it would ensure (a certain % of) shares in essential infrastructure companies were spread between the entire population (who have the choice to claim back their dividend each year or invest it for more shares in the company). I consider ESSENTISAL INFRASTRUCTURE companies good ‘backing’ for any currency.
diedaily Reply:
October 16th, 2009 at 2:14 pm
No no no…directly to all citizens? Are you mad? You’re describing the USSR. Take away the incentive system and you take away 90% of productivity. Read some books. You certainly do need iron-clad enforcement and transparent regulation. Take away ALL secrecy, and even the present system would be fine. Not that we couldn’t improve it, but monthly checks to ALL citizens is crazy talk.
October 16th, 2009 at 12:56 pm
Britian also effectively printed money ,calling it ‘quatitative easing’- injecting money into the economy. Now we have financial corporations in London making booming profits while Government is still cutting council and education funding, and selling off more British services and assets to private investors,yet throwing double the money into Afghanistan…
The politicians here are being forced to repay expenses they claimed for luxuries like sofas, tables, cutlery,widescreen t.v.’s, expensive paintings etc…every luxury you can think of is paid for by the U.K. taxpayer, including rent,gardeners and plumbing for second homes… But the amounts being retrieved are a mere one percent of what the financial companies and trading institutions are now making in profit. Unemployment rose another 88000 to become the highest in 25 years. Samll businesses are still failing or struggling to keep afloat, and the public here are furious at the whole situation. I saw a top London trader boss talk on the profits being shared out among the top companies, and he was smiling away, bloated with slef confidence, knowing that he and his associates were getting richer- and he also stated what would benefit his companies would benefit Britain. Not neccessarily- if those traders take the profit and invest overseas then a lot of the money might not come back, especially if their overseas investments go under when another economic collapse comes along.
The Government here has given our taxes just to see the fat cats make the profit. Goldman Sachs has also recently profitted from U.S. Government bonds which they bought up then sold…
Goldman have allocated over 16 billion dollars to their staff bonuses, up nearly 50 percent from last year…
http://www.heraldscotland.com/.....n-1.926526
What a bunch of swindlers they are.
October 16th, 2009 at 1:02 pm
the problem with infowars is, it attracts people who are natural contrarians, i know , im a contrary contrarian, so organizing this group is nearly impossible, organizing the unorganinizable, of coarse the government know this so it makes us no real threat to anyone
diedaily Reply:
October 16th, 2009 at 2:17 pm
It sounds like maybe you’re mad at your dad. Get over that, and you’ll be able to organize and be organized just fine. Sovereignty is nothing like having an authority problem…not at all.
Ulio Reply:
October 16th, 2009 at 2:54 pm
are you contradicting me ?
Crito Reply:
October 16th, 2009 at 3:11 pm
“the problem with infowars is it attracts people who are natural contrarians”
No it doesn’t. That’s not true at all. I completely disagree with you.
“sounds like maybe you’re mad at your dad”
My dad is a major jerk and my mother is a complete idiot. What was your point again? Oh, right, something about aholes and morons with too much authority… like Obama and Dubya.
TrutherD Reply:
October 17th, 2009 at 10:10 am
What do you suggest? Social networking? A forum? Basically we need to organize wide-scale distribution of DVDs….
October 16th, 2009 at 2:10 pm
While I do agree with certain points highlighted by the website I feel that some of the articles are heavily bias and are supported with little proof. I can accept some opinions and theories, but you shouldn’t conclude on your data when your not 100% certain, it drives down the reliability of this website.
I do like this site for it’s alternate take on the news, but perhaps try not to come up with a radical theory for every news story. A prime example would be the Global warming “hoax”, It would have had me fully against Global warming *if* I didn’t know the argument that disproves the solar sunspot argument. My point is this is too impartial and people are to extremist, until this site cleans itself up it won’t be seen as a credible alternate news sorce, which would be a shame!
SPIRITBLADE Reply:
October 16th, 2009 at 4:32 pm
you just need to pay more attention to the bi-lines.
I'm just saying... Reply:
October 16th, 2009 at 8:13 pm
You need to pay more attention to the article to which you are posting to.
Get these guys phone numbers or e-mail if you just want to “chat”
Gary Reply:
October 16th, 2009 at 9:48 pm
bylines (as in who the article was written by)
October 16th, 2009 at 2:11 pm
Spiritual Warrior is hopelessly caught up in the illusion of the mind/body duality. He explains how this is not that, that is not this, this is not the other thing, and ends with “it’s all one thing”. How stupid is that?
KiD WiZDOM Reply:
October 16th, 2009 at 7:19 pm
he’s a f---en retart
October 16th, 2009 at 3:17 pm
cocksucker for christ must be waiting for jesus to come.
SPIRITBLADE Reply:
October 16th, 2009 at 4:31 pm
maybe you-two can date eaqch-other
roaddog6 Reply:
October 16th, 2009 at 5:23 pm
see post above bitch
SPIRITBLADE Reply:
October 16th, 2009 at 6:23 pm
“THE DAILY FAIL”-??
SPIRITBLADE Reply:
October 16th, 2009 at 6:24 pm
[ L O L ]
You’re always finding new-ways of losing.
Debate a change.
KiD WiZDOM Reply:
October 16th, 2009 at 7:20 pm
jesus is a pedifile.
October 16th, 2009 at 3:37 pm
Contrary to what monetary flat-earthers from the Austrian School want so desperately for everyone to blindly assume, the problem is not that our paper currency isn’t “backed” by a commodity or precious metal, but that it’s *issued* as an evidence of interest-bearing DEBT expansion instead of as an evidence of interest-free WEALTH expansion; that it vanishes from the money supply whenever bank loans are repaid; and that the money needed to pay the usurious interest on these fraudulent loans is never created in the first place (the consequence of which is that there’s always a built-in SHORTAGE of money).
Thus, the real solution is not to merely “end the Fed,” but to simultaneously
• put all derivatives-infected mega-banks through Chapter 11 bankruptcy and, in the reorganization proceedings, legally void all of their derivatives contracts;
• liquidate all of the ill-gotten assets of criminal scam artists such as Henry Paulson and Bernard Madoff, and use the resultant proceeds to help replenish whatever retirement funds they raided; and
• replace our current debt-based money system with a debt-free “Greenback” money system, whereby all new money — instead of being *loaned* into circulation at interest — is *spent* into circulation at *no* interest to fund the production and repair of public goods everyone can see and benefit from (roads & bridges, maglev rail, etc.), and at a rate pegged by law to objective criteria such as population growth and the general price level.
William Jennings Bryan said it best:
“Having behind us the producing masses of this nation and the world, supported by the commercial interests, the laboring interests and the toilers everywhere, we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold.”
Those who value humanity more than a piece of metal must stop letting right-wing ideologues fool people into believing that the only “alternative” to enslaving mankind within a prison of debt is to *crucify* mankind upon a cross of gold. It is a lie and a fraud, and must be exposed as such.
http://forum.prisonplanet.com/.....ic=98465.0
October 16th, 2009 at 6:36 pm
Why not leave to a truly free market the issuance of money? Why do we need any monopoly on anything? Why not allow 7 billions of bankers?
October 16th, 2009 at 7:21 pm
all hail satan.
the lord of light.
the purest angel of them all.
out of the darkness and into the light.
MAD DOG Reply:
October 16th, 2009 at 7:52 pm
YOU ARE A SICK FK,.
MAD DOG Reply:
October 16th, 2009 at 7:56 pm
YOU ARE A SICK f---
Gary Reply:
October 16th, 2009 at 9:49 pm
Go back to your Masonic temple.
VINCENT FRIESS Reply:
October 16th, 2009 at 11:45 pm
Wack th fck enough with the relgious bullsht
October 16th, 2009 at 8:37 pm
http://finance.yahoo.com/news/.....8.html?x=0
not even the tip of the iceberg
October 16th, 2009 at 9:51 pm
You folks are going to get your end to the Fed, alright…when they replace it with a global central bank and global currency.
October 16th, 2009 at 11:34 pm
I beleive that the money supply should be increased by some magic number, say like 1or 2% over the growth of the GDP. This can be built into the Federal budget through defiect spending. A slight increase during recessions hould be acceptable to stimulate the economy. As inflation picks up, crank the growth of money down. Their is NO reason the gov should finance this debt through the private FEd nor pay interest on the notes. The Notes need to be retired! As it is now we have sold the nation out to the ChiComs, Oil Ticks , etc. Their is NO WAY we or our grandchildren will be able to pay it off, and only the BANKSTERS are getting RICH!
Also for this to work, we need our OWN energy and Manufactory base!
October 16th, 2009 at 11:43 pm
If the power isnt given to the government then I think that we as a people should do something about the fed
October 16th, 2009 at 11:43 pm
We have the right soi why dont we
October 17th, 2009 at 10:56 am
Dirk, ————-____________———-________-You ask “why we bailed out banks just so they could buy up assets by the trillions with our money and keep the profits?” ———————–_________________________——My answer. — MODERN DAY SLAVERY —
October 17th, 2009 at 11:31 am
Not only do we need to end the FED. We need to end the whole PRIVATE banking system. INTEREST FREE loans is what we need.