Serfs!

[buster]

"Friedman himself acknowledged cases where, for instance, government regulation or a public monopoly may be preferred to private monopoly (e.g., in ... See Moremoney creation, which should be exclusively the perogative of government and never delegated to private banks to create using fractional reserve lending practices."




Wake up serfs.

 

[Vizzy]

That's the problem with people in the US today they have NO clue about who gives them their "rights" and what to do if their God given rights are being violated...

It's all there in the US Constitution.

Nope, they'd much rather sit watch phoney NFL games and drink beers.

 

[buster]

It's sad. We don't teach our kids enough about the history of our country, it's economics and history of monetary policy.

 

[JHZR2]

We are too PC to see the real problem and be angry about it.

 

[finalyzd]

Originally Posted By: Vizzy
That's the problem with people in the US today they have NO clue about who gives them their "rights" and what to do if their God given rights are being violated...

It's all there in the US Constitution.

Nope, they'd much rather sit watch phoney NFL games and drink beers.


Football is not real?

 

[javacontour]

As long as wrestling is still real, everything will be OK

 

[buster]

Rome had their greatest de-centralization of power under a fiat regime controlled by the government. No gold backing.

"The private banking system creates vastly more money than government so the propensity for inflation or even hyperinflation is really driven by the private sector."

We are in trouble fellas.

 

[Vizzy]

Originally Posted By: finalyzd
[

Football is not real?


The point is who cares!

More important is what does one do if the "government" has become tyrannical...and there is NO redress of grievence with it? Can you answer off the top of your head? If not you shouldn't care about football.

 

[Panzerman]

Yes, the Goverment is sooooo good at running things efficently. Sounds like another punish the rich gimmick. Tell you what, how about we punish the poor instead of the rich, since the rich have proven they can be responsible enough to be rich and not be a load on the system, the poor, they are a load on the system. Welfare is a perfect example of this. And may I ask, what is the reason, for me to get up and go to work each day, if the poor now have as much as me. I think the Welfare system should have limitations, such as welfare allows you to buy Rice and milk-period, nothing else. I think alot of people wouldnt make a racket out of it, if that is all they ever had to eat, they wouldnt starve, but they wouldnt be happy and thats the whole idea, so they get off their arse and make something out of their life and what about the children, always about the children, well if they had to grow up eating rice and milk, I bet they would grow up with the attitude, that I am never going to eat rice and milk again and might be a little more ambitious to do something with thier life too. Poverty in this country is way too comfortable for way too many, then you have a idea, that its the successful peoples fault and the goverment needs to hand out more money to do nothing, whats wrong with that math.

 

[pbm]

The US Constitution is one of the greatest documents ever written and yet some (the so called progressives) want to ignore it even though they swore to uphold and defend it.

 

[Panzerman]

Originally Posted By: buster
It's sad. We don't teach our kids enough about the history of our country, it's economics and history of monetary policy.
I teach my kids and every parent should, problem is most dont and the coledge professors get a nice little mold of putty to play with.

 

[expat]

"More important is what does one do if the "government" has become tyrannical"

The words "Tyrannical Government" always seem to come up when Americans talk about their Rights and Freedoms.
But I really wonder how many people would (or could) recognise a Tyrannical Government if there was one?

 

[expat]

Panzaman Re;Rice and Milk "I think alot of people wouldnt make a racket out of it, if that is all they ever had to eat, they wouldnt starve, but they wouldnt be happy and thats the whole idea, so they get off their arse and make something out of their life "

I really understand where you are coming from here BUT, If the only job open to them is to Flip Burgers for minimum wage, that proberbly is not going to cut it.
Then they start to think "Gee, I should be selling dope instead this, it pays better" and they become a Bigger drain on society.

 

[buster]

Quote:
"Over time, whoever controls the money system
controls the nation."
Stephen Zarlenga, Director
The institute was founded in 1996

"I am afraid that the ordinary citizen
will not like to be told that banks
can and do create money
...And they who control
the credit of the nation
direct the policy of Governments
and hold in the hollow of their hands
the destiny of the people"
Reginald McKenna,
past Chairman of the Board, Midlands Bank of England


“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”
Congressman Wright Patman

“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.”
Andrew Gause, Monetary Historian

“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Albert A. Bartlett, physicist

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, that there is no human relation between master and slave.”
Leo Tolstoy

“None are more enslaved than those who falsely believe they are free.”
Goethe

“Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield, assassinated president of the United States


The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham Lincoln, assassinated president of the United States

"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognised as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."
Prime Minister of Canada who nationalized Canada's Central Bank- William Lyon Mackenzie King


“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
Kenneth Boulding, economist

 

[Pablo]

BITOG - where we CAN talk politics IF we frame it correctly. I guess.

Who (in power or otherwise) actually wants to move back to a gold standard? That's a straw man.

OK so let's abolish the Fed. They have made some serious screw ups over the years. Put money in the control of congress, which in theory I am not necessarily against.

I guess to cut to the quick, everyone has forgotten about inflation?

 

[buster]

I don't disagree Pablo. I'm not interested in getting into arguments. I just wish we could make some serious changes because let's face it, we have some serious issues here.

 

[wallyuwl]

Originally Posted By: buster
Rome had their greatest de-centralization of power under a fiat regime controlled by the government. No gold backing.

"The private banking system creates vastly more money than government so the propensity for inflation or even hyperinflation is really driven by the private sector."

We are in trouble fellas.


I'm a little confused by your position?


Anyway, govt. (if under fiat and not gold or silver backing) can create all the money it wants. It just prints it. It was the German govt. that printed tons of money in the 1930s and 40s that led to people using it for fuel for fires because it was cheaper to burn money than to buy wood.

What a govt. cannot do is creat wealth and prosperity. That is something only private enterprise can do.

 

[buster]

What you find is that it's not what backs the money, it's who controls it. If money through economic stimulus is spent into the economy and goes towards productive uses and services, inflation is not really a concern

Prosperity is generally created and sustained through the private sector where innovation and the allocation of resources is most efficient. However, this does not mean government doesn't have a role despite what some think.

If the money power is given back to congress, which I know is a risky thing to do, it ultimately puts the power back into our hands for how it should be spent and controlled.

A majority of our debt is created by the private banking system. This is why year after year nothing ever really changes.

A lot of this stuff if theoretical, but it's important for all of us to put political ideology aside and start thinking about these things more. We are in for some major challenges going forward and no party is addressing the issues properly.

Hybrid economic systems generally work best, as proven worldwide. I do not advocate large government intervention in any economy, but I do believe the gov. should control the money power.

A lot of this stuff is theoretical and philosophical, but unless we be truly objective about it, and put party affiliation and beliefs aside, nothing will change for the better.

Americans need to put aside this American Idol mentality we've developed. Let's focus on some of the core issues here that are holding us in bondage. These are serious times. This past decade has been incredible and we are entering into unchartered territory going forward.

...ps, there is no utopia. There will always be tradeoffs.

 

[Torino]

Originally Posted By: Vizzy
That's the problem with people in the US today they have NO clue about who gives them their "rights" and what to do if their God given rights are being violated...

It's all there in the US Constitution.

Nope, they'd much rather sit watch phoney NFL games and drink beers.
Right. I carry one of those pocket constitutions around with me (along with a .38) and have shown many sections to various persons. Most of them are rather insulted. Quite a few don't even know what it is. But, they can VOTE. YIKES!!! John--Las Vegas.

 

[Gary Allan]

Originally Posted By: Panzerman
Yes, the Goverment is sooooo good at running things efficently. Sounds like another punish the rich gimmick. Tell you what, how about we punish the poor instead of the rich, since the rich have proven they can be responsible enough to be rich and not be a load on the system, the poor, they are a load on the system. Welfare is a perfect example of this. And may I ask, what is the reason, for me to get up and go to work each day, if the poor now have as much as me. I think the Welfare system should have limitations, such as welfare allows you to buy Rice and milk-period, nothing else. I think alot of people wouldnt make a racket out of it, if that is all they ever had to eat, they wouldnt starve, but they wouldnt be happy and thats the whole idea, so they get off their arse and make something out of their life and what about the children, always about the children, well if they had to grow up eating rice and milk, I bet they would grow up with the attitude, that I am never going to eat rice and milk again and might be a little more ambitious to do something with thier life too. Poverty in this country is way too comfortable for way too many, then you have a idea, that its the successful peoples fault and the goverment needs to hand out more money to do nothing, whats wrong with that math.


This all assumes that there is a productive purpose for everyone. Sorry, it's the byproduct of all of those clowns that turn the planet upside down and shake the loose change out of it. Modernization ...automation, high productivity ..all of those things make a surplus of unneeded people.

Now of you propose just offing them, then you might do something that will make a difference.

Let's go into the future where robots do everything ..since someone like yourself is running the show and refuses to give anyone a "free lunch". Just who is going to buy the products when no one is employed since they're "dead weight"??