|Off subject..Page 1 of 3 (1, 2, 3)|
|I realize this is a dating site but I have to everybody that we are in grave danger of losing our freedoms, personal properties, and our standard of living; especially for men. There is a movement, by the money changers (Rothchilds, JP Morgans, Rockefellers) to dismantle the US dollar as we know it to give us these: |
If the new purposed currency looks like food stamps, well, they are. This is a serious threat to your life's savings, what little there is anyway. I know that we want to watch our football games, go shopping, get drunk, and stuff, but this is very serious. Even if you're "wealthy" you will lose.
I love the American traditions I studied in school. I love the Constitution, our God given rights, and our right to life in pursuit of happiness. Unfortunately, we don't wake up and grow up real fast, we will lose everything.
Please take some time to read up on this movement, get educated, and take action by calling your congressman, marching in the streets, and warning others. America is on her last breathe.
In closing I give you a quote from David Rockefeller himself in his book: Memoirs
"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will.
If that's the charge, I stand guilty, and I am proud of it."
Posted: 9/18/2010 10:51:37 PM
|^^^^^You're right--we *are* in trouble. But the country's not going under tonight, or tomorrow. So take a deep breath, and let's all do what we can.|
Posted: 9/19/2010 10:52:52 AM
|Wow!!!! Of course making the money 'colorful' would make it worth more.|
Posted: 9/19/2010 11:25:32 AM
|^^^^^The U.S. government has purposely been making our money worth less for a long time now, and especially during the past 50 years or so. Ever wonder how gas could have been 30 cents a gallon in 1960, or a new Chevy $2,500, or a new house $20,000?|
Posted: 9/20/2010 8:05:01 PM
|UK Proposes All Paychecks Go to the State First|
Published: Monday, 20 Sep 2010 | 7:57 AM ET
By: Robin Knight
CNBC Associate Web Producer
The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.
Big Ben & London Eye
The proposal by Her Majesty's Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.
Currently employers withhold tax and pay the government, providing information at the end of the year, a system know as Pay as You Earn (PAYE). There is no option for those employees to refuse withholding and individually file a tax return at the end of the year.
If the real-time information plan works, it further proposes that employers hand over employee salaries to the government first.
"The next step could be to use (real-time) information as the basis for centralizing the calculation and deduction of tax," HMRC said in a July discussion paper.
HMRC described the plan as "radical" as it would be a huge change from the current system that has been largely unchanged for 66 years.
Even though the centralized deductions proposal would provide much-needed oversight, there are some major concerns, George Bull, head of Tax at Baker Tilly, told CNBC.com.
"If HMRC has direct access to employees' bank accounts and makes a mistake, people are going to feel very exposed and vulnerable," Bull said.
And the chance of widespread mistakes could be high, according to Bull. HMRC does not have a good track record of handling large computer systems and has suffered high-profile errors with data, he said.
The system would be massive in terms of data management, larger than a recent attempt to centralize the National Health Service's data, which was later scrapped, Bull said.
If there's a mistake and the HMRC collects too much money, the difficulty of getting it back could be high with repayments of tax taking weeks or months, he said.
"There has to be some very clear understanding of how quickly repayments were made if there was a mistake," Bull said.
HMRC estimated the potential savings to employers from the introduction of the concept would be about £500 million ($780 million).
But the cost of implementing the new system would be "phenomenal," Bull pointed out.
"It's very clear that the system does need to be modernized… It's outdated, it's outmoded," Emma Boon, campaigner manager at the Tax Payers' Alliance, told CNBC.com.
Boon said that the Tax Payers' Alliance was in favor of simplifying tax collection, but stressed that a new complex computer system would add infrastructure and administration costs at a time when the government is trying to reduce spending.
There is a further concern, according to Bull. The centralized storage of so much data poises a security risk as the system may be open to cyber crime.
As well as security issues, there's a huge issue of transparency, according to Boon.
Boon also questioned HMCR's ability to handle to the role effectively.
The Institute of Directors (IoD), a UK organization created to promote the business agenda of directors and entreprenuers, said in a press release it had major concerns about the proposal to allow employees' pay to be paid directly to HMRC.
The IoD said the shift to a real-time, centralized system could be positive as long as the burden on employers was not increased. But it added that the idea of wages being processed by HMRC was "completely unacceptable."
“This document contains a lot of good ideas. But the idea that HMRC should be trusted with the gross pay of employees is not one of them," Richard Baron, Head of Taxation at the IoD, said in the release.
A spokesperson for Chancellor of the Exchequer George Osborne was not immediately available for comment.
Posted: 9/24/2010 5:33:43 AM
|Forget a Recession, The Empire is Crumbling|
Pheonix Capital Research
Sept 24, 2010
I look around me and I see an Empire in Decline.
The US economy is clearly in a depression… not a recession, not a recovery, but a DEPRESSION of a moral, social, and financial nature.
More than 40 million Americans (12%) are on Food stamps. Nearly one in five of us are unemployed of underemployed. Folks go to Wal-Mart at 11PM waiting for their government checks to clear at midnight so they can buy baby formula, milk and other necessities.
Three out of every five Americans are overweight. One in five are obese. Indeed, there are only two areas (one state, Colorado, and Washington DC) where obesity rates are under 20%.
Nearly three in four of us don’t get enough sleep. Almost one third of us report having trouble falling asleep EVERY night. And almost half of us report that day-time sleepiness interferes with normal activities including work.
Half of marriages end in divorce. One out of ten married couples report sleeping alone. The average American watches 28 hours of TV a week (enough to qualify for a part-time job). Two thirds of us eat dinner while watching TV, preferring the fake, sensationalized lives of others to engaging with our own families.
The TV and media are filled with foul, ungodly images of sex, violence, and hate. The most watched shows of the last decade all feature ordinary folks becoming superstars in lottery-esque competitions (American Idol, Survivor, Who Wants to be a Millionaire, etc) OR crime sagas detailing the most sordid and disgusting elements of society (CSI, Law and Order, etc) OR amoral social dramas in which notions of personal responsibility, fidelity, and common decency are unknown (Desperate Housewives, the Bachelorette, etc).
Today, brain dead, vapid human beings who have contributed nothing to society are idolized and followed as though they invented the wheel. We’ve actually got two industries devoted to presenting the illusion and reality of celebrity: Hollywood shows the photo-shopped, CGI-enhanced, scripted version, while the paparazzi and weekly glossies reveal the drug-addicted, affair-crazed, family breaking, soul-less emptiness.
Sex or violence are plastered on virtually every flat surface available. Even the check-out lines at the grocery store feature endless images of barely clothed women along with headlines sensationalizing gruesome behavior, right out in the open for children to see. And if the kid can actually read the headlines… God only knows what ideas this stuff is putting into their heads.
Financially, we’re all pretty much bust or going bust (except those on Wall Street).
New home sales in July were a RECORD low. Not record as in for the year, but the lowest since 1963. The talking heads are high fiving because sales improved in August, but failed to note that they were still DOWN 19% from August 2009 levels.
Americans two primary assets for retirement (stocks and their homes) have both been absolute disasters. Home prices are down 30%, stocks haven’t produced gains in over a decade. Every moron on TV talks about the Dow 10,000 like it’s a miracle. But when you adjust the Dow for inflation, (using the BLS’ ridiculous CPI measure) the Dow is SUB-500 in terms of purchasing power.
Our money system is controlled by an elite banking oligarchy fronted by academics who have never run a business, invented anything, or had any interaction with commerce aside from vying for tenure. Our currency is now worth less than 1/20th of what it was a century ago. And we are ALL in debt up to our eyeballs on a personal, corporate, local, state, and federal level.
Heck, even USA TODAY (not exactly the cutting edge in financial research) notes that in order to pay off our current liabilities, every US family would have to pay $31,000 a year… for 75 YEARS!!!
And we’re talking about an economic recovery?
According to David Rosenberg of Gluskin Sheff:
* Wages & salaries are still down 3.7% from the prior peak;
* Corporate profits are still down 20% from the peak;
* Real GDP is still down 1.3% from the peak;
* Industrial production is still down 7.2% from the peak;
* Employment is still down 5.5% from the peak;
* Retail sales are still down 4.5% from the peak;
* Manufacturing orders are still down 22.1% from the peak;
* Manufacturing shipments are still down 12.5% from the peak;
* Exports are still down 9.2% from the peak;
* Housing starts are still down 63.5% from the peak;
* New home sales are still down 68.9% from the peak;
* Existing home sales are still down 41.2% from the peak;
* Non-residential construction is still down 35.7% from the peak.
The American Psychological Association reports that 73% of Americans cite money as a source of significant stress. Personal bankruptcies have fallen 8% month over month from July to August. However, August 2010 bankruptcies are up 6% from August 2009… so much for the recovery.
And yet, despite all of this, assumedly intelligent people write op-ed articles and appear on TV claiming that things are swell in the US, that we’re actually OK and that the recession is over. Some of these people even have advanced degrees or have won international prizes for economics.
Let’s be honest. Forget recessions, forget even Depressions, the US is an empire in decline.
You can literally see it crumbling right in front of you. Just start looking at how people live, eat, and act on a day to day basis. Look at how our Government runs itself, how it manages our affairs, how it spends our tax Dollars. Look at how our justice system works, who it protects and who it punishes.
It’s all out there, right in the open for you to see. You don’t need an expert degree or some kind of advanced education. It’s OBVIOUS to anyone who bothers looking around.
The fact we don’t admit it doesn’t mean it’s not true.
Posted: 9/24/2010 6:01:53 AM
|Fzr powerful article. As a student of the history of Rome and Argentina (1940's) I agree with nearly everything written here. The politics of the left had become more intense, slightly desparate in 2007-08 that led me to see something more was at stake than a normal election. In fact after a series of busts, dot.com, stock market, financial, real estate, we are beinning to see the collapse of governments. I think Dem's knew the music was stopping and we are down to a few chairs.|
Bell is the poster child for Dem's preying on the nearly helpless.
California can't pass a budget because they are $20B underwater in current liabilities and the consequences of declaring it prior to the election would be horrifying.
The fed liabilities are so high to be indescribable, perhaps the GDP of the world for a decade.
I think some of the government union members are tuned in to this disaster, on odd corners of the internet one can see police and fireman threatening the reneging on their pensions will not go unpunished. I always ask them who is it they would shoot since they seem to hint they are armed and motivated and the rest of us are born victims. Our corporations pay the highest tax in the world, 5% of our citizens pay virtually all of the income taxes...who do they imagine has let them down?
Posted: 9/25/2010 7:31:57 AM
|GC last time I looked it up the GDP of the world was around 65 trillion a year. We owe so much more than can ever be paid, Cloward and Piven are an Obama philosophy. Check this out they have updated it with the states that are broke to. He knows he has a short time left to collapse and regulate us in to his Transformation of America. I'm betting he didn't think the people would catch on so soon. For those of you that agree with Obama's economics that the government should take care of us and rich people are Robber Barron's really don't understand the nature of a truly free society. |
Posted: 9/29/2010 6:16:00 AM
Tip Your Editors:
CIA and Google's Joint Investment Raising Eyebrows
CIA and Google's Joint Investment Raising EyebrowsCambridge startup Recorded Future trawls the internet for raw data that it uses in an attempt to predict world events—understandably interesting stuff. But what do both Google and the CIA both see in the company? Wired digs deeper.
Pulling in data from over half a million websites, Twitter feeds, and blog posts, Recorded Future's "spatial and temporal analysis" engine—search that covers both the where and when of an event—claims to reduce newsworthy events like missile launches and terrorist attacks to factors that can be detected before the next occurrence.
The ability to predict what people will be caring about (and searching for) is of obvious interest to a company like Google, whose investment in Recorded Futures is old news. But what has not been so obvious is that In-Q-Tel, the investing arm of the US intelligence community, invested in Recorded Futures along with Google in 2009. The exact sum both that either group has put into the startup isn't known, other than that it is under $10 million, but both have members on Recorded Future's board of directors.
Wired's Noah Shachtman points out that this isn't the first time Google and the intelligence community have done business together. Nor is anyone accusing the two of colluding on some sinister plot, so put the tinfoil hat back in its drawer for now. But the fact of the matter is that, for the first time, Google and the CIA have a strong mutual interest in the same project, and are actively contributing advice and insight to Recorded Futures—a contribution the company's CEO says has been "very helpful."
What you make of this fact depends partially on your opinion of both Google and the CIA, but it certainly lends some credence to those who think the former isn't taking its peaceful, "don't be evil" ethos as seriously as it once claimed. But even some used to aiming a critical eye at the nation's intelligence apparatus suggest a wait and see attitude. Explains Steven Aftergood, Director of the Project on Government Secrecy at the Federation of American Scientists, "to me, whether this is troublesome or not depends on the degree of transparency involved." Should we be left in the dark regarding the CIA and Google's relationship vis-à-vis Recorded Future, Aftergood expects the rise of "public skepticism or worse, both here and abroad, and not without reason." [Wired]
Posted: 9/29/2010 8:25:32 AM
|FZR to your post 11, no one is more concerned than the defense dept. about this turn of events. The strategy to go to core competency by many of the primes and sub-primes worked for a few decades but now the smaller less viable machining and design houses have closed up leaving a fragile patchwork of suppliers of diminished capacity.|
We better put SEIU, ACORN and the new Black Panthers unto the case, after all they have much of Obamao's mindshare. These characters do a terrific job of turning any problem into a chance for self-serving benefit.
Posted: 10/1/2010 7:52:42 AM
|Even though this is a comedy piece its very telling about the truth of unions.|
Posted: 10/1/2010 1:30:34 PM
|That is a great video. What a clueless bonehead. Man wouldn't you love to sit on a board explaining everything to that guy? It would take as long to teach that guy the facts of life as it does to get Obama, Pelosi and Reid to understand the economy killing truth of their policies.|
Posted: 10/4/2010 9:36:42 AM
|HEADLINES FROM THE YEAR: 2029 |
Exploding hydrogen powered cars now killing millions in the seventh largest country in the world, Mexifornia, formerly known as California.
White minorities still trying to have English recognized as Mexifornia's third language.
Spotted Owl plague threatens northwestern United States crops and livestock.
Baby conceived naturally! Scientists stumped.
Couple petitions court to reinstate heterosexual marriage.
Iran still closed off; physicists estimate it will take at least 10 more years before radioactivity decreases to safe levels.
France pleads for global help after being taken over by Jamaica .. No other country comes forward to help the beleaguered nation!
Castro finally dies at age 112; Cuban cigars can now be imported legally, but President Chelsea Clinton has banned all smoking.
George Z. Bush says he will run for President in 2036.
Postal Service raises price of first class stamp to $17.89 and reduces mail delivery to Wednesdays only.
85-year $75.8 billion study: Diet and exercise is the key to weight loss.
Average weight of Americans drops to 250 lbs.
Climate change blamed for citrus crop failure for third consecutive year in Mexifornia and Floruba.
Japanese scientists have created a camera with such a fast shutter speed they now can photograph Nancy Pelosi with her mouth shut.
Abortion clinics now available in every
High School in United States, but Hispanics still have 4.3 children per mother.
Last remaining two parent family interviewed on Larry King show.
Massachusetts executes last remaining conservative.
Supreme Court rules punishment of criminals violates their civil rights.
Average height of NBA players is now nine feet seven inches with only 3 illegitimate children.
New federal law requires that all nail clippers, screwdrivers, fly swatters and rolled-up newspapers must be registered by January 2030..
IRS sets lowest tax rate at 75 percent..
Floruba voters still having trouble with voting machines.
Posted: 10/6/2010 8:57:18 AM
|Interesting speech from David Icke, check out the first video "The Sane Insanity" and where he talks about the banks, kind of makes you wonder?|
Posted: 10/7/2010 8:47:48 AM
|I discovered Claire Berlinski this morning and although my infatuation is complete I feel compelled to share her. She's got to be a thinking man's sexiest woman. One could have their respect for Margaret Thatcher raised to a pantheon of giants and that's always a good feeling. If you don't have the entire 39 minutes this vid takes, watch 12:00 to 14:00 as she describes the underlying defense of the individual as the sole moral purpose of government. Or you can watch her arms and legs for 39 minutes lol.|
Posted: 10/7/2010 8:56:03 AM
|The Fabian Society began in England in 1887 by a very small group of elitist socialist that sought to reform society gradually into one of socialism instead of through violent revolution. At first their purpose was to be an alternative in Britain for the more dominate Marxist Social-Democratic Federation, but their true goal was to accomplish socialism through a very gradual process using the voting booth and representative democracy as their instrument of change. In fact, one of their symbols is a Turtle with the motto: "When I Strike, I Strike Hard". Another symbol is the Wolf in Sheep's Clothing and the Globe on an Anvil being hammered into the Fabian model.|
The greatest bulwark against tyranny in America has always been the system of private ownership and free enterprise, it is the cornerstone of our system of government and without it our freedoms and liberty are in jeopardy. Central economic planning is, in a very basic sense, the keystone to Fabian Socialism, for in order for it to succeed, central State planning and control must replace the system of free enterprise. While it was not necessary for the State to actually own or directly control all the elements in the economy it is enough for the State to have the right to assert itself in any area that it deems necessary. The Fabians called it "the democratization of economic power", in other words socialized and centralized control over economic direction within the country.
In his Presidential acceptance speech in 1932, Roosevelt promised "a new deal for the American people." The term was taken from a 1932 book by the same name, "A New Deal," written by Stuart Chase. That book rapidly disappeared from the shelves after Roosevelt's election. Its contents were the currency of White House economic policy discussion by Tugwell and other central planners around the new President.
Chase, along with Tugwell and Robert Williams Dunn, had jointly written a report, "Soviet Russia in the Second Decade," following their 1927 travel to Stalin's Russia.
In his 1932 book, "A New Deal," Chase argued that the earlier transition out of feudalism into what he called laissez-faire capitalism, was essentially over. The era of Trusts, monopolies, capital concentration by large banks, must now give way to central or collective planning. Chase wrote, "modern industrialism, because of its delicate specialization and interdependence, increasingly demands the collectivism of social control to keep its several parts from jamming. We find a government meeting that demand by continually widening the collective sector through direct ownership, operation and regulation of economic functions." He adds, "Competition is perhaps a good thing—in its proper place. Where is its proper place? Collectivism is beyond peradventure on the march."
Much of Chase's book was filled with fulsome praise for Stalin’s Russian model of central planning and its achievements, reflecting the fascination of numerous younger American intellectuals in the early 1930's.
In his "A New Deal," intended as a kind of blueprint for the Roosevelt campaign, Chase advocated what he called, "The Third Road, a road which runs neither to red dictatorship nor to black (business)." Chase proclaimed that under the Third Road, "private profit will not furnish the happy hunting ground it used to. State trusts, investment control, the curbing of speculation, will choke the muzzle of the more devastating forms." He also proposed drastic economic controls, an eerie harbinger of what would come to pass under the Federal Reserve of Alan Greenspan: "The Federal Reserve will take over the control of currency, the stock exchanges, banks and domestic investment... A new Foreign Trade Corporation will supervise exports, imports and foreign loans. Public works will undoubtedly be centralized in one department..."
Leaving no doubt that his sentiments were not market-oriented in any way, Chase concluded his tract by stating, "We can go on, however...without violent revolution...if we are willing to halt expansion, and organize industry on the basis of using to the full the equipment we now possess. This is the program of the third road. It is not an attempt to bolster up capitalism, it is frankly aimed at the destruction of capitalism, specifically in its most evil sense of ruthless expansion. The redistribution of national income, the sequestration of excess profits, and the control of new investment are all designed to that end." Little wonder that Chase was given a very discreet background policy role in FDR's inner circle. This was explosive stuff for the American public, even in an economic depression.
It is all accomplished with the utmost respectability of course, they would not dream of such an imposition without popular support and they will make sure that they have popular support.
In 1933, they proposed that private enterprise had failed leaving the jobless to starve, hope to fade and that the State must step in to save the country and protect the people from the dangers associated with the inherent problems of free enterprise. Today, the call is very similar, the State must step in to protect the people. The Corporate State is, in the minds of Fabians, the ultimate protector of the common man, the provider of security on all fronts, but it requires our complete compliance and the relinquishment of our liberty in exchange. The State is to ultimately be the only one allowed wealth, the problem is that wealth is the people's wealth confiscated in exchange for their hard labor. It is, in essence, a plan for a modern feudal society of peonage and the people are the peons.
In 1942, Stuart Chase, in his book "The Road We Are Traveling" spelled out the system of planning the Fabians had in mind; the interesting thing is to look at that plan in comparison to 2008 America.
1. Strong, centralized government.
2. Powerful Executive at the expense of Congress and the Judicial.
3. Government controlled banking, credit and securities exchange.
4. Government control over employment.
5. Unemployment insurance, old age pensions.
6. Universal medical care, food and housing programs.
7. Access to unlimited government borrowing.
8. A managed monetary system.
9. Government control over foreign trade.
10. Government control over natural energy sources, transportation and agricultural production.
11. Government regulation of labor.
12. Youth camps devoted to health discipline, community service and ideological teaching consistent with those of the authorities.
13. Heavy progressive taxation.
Posted: 10/7/2010 9:22:02 AM
|^^^^^^Very interesting comparison--most of FDR's advisers were excited about how they did things in the Soviet Union. One thing that discredits this stuff right away, in my mind, is the fact that in a free country, you have to sneak it into place. The bright boys proposing it know most people would reject it, unless they deceived them. That's not as easy to do as they may think. This president's a slick, shameless liar, but even so, a lot of people have come to see what he's really up to.|
Posted: 10/7/2010 11:49:29 AM
|Match i hope you are right but so many of the masses have been indoctrinated to think this kind of stuff is good.|
GC that woman is Brilliant, loved the video sent it to all my friends and enemies.
Posted: 10/7/2010 12:09:31 PM
|Claire is a peach. Got that conservative female, big-brain thing going on. Fact-based, clear, no muddy, unicorn loving, talking point, addled-brained lib gibberish stuff with her. The cat thing is problematic but she's fun to watch.|
I think the Obama love affair is over, not unlike the Carter phenomena that was cringe worthy to libs even 20 years later. Most Americans are getting it, unless of course they belong to public service unions in which case they owe their survival to a fed bailout in next 18 months. We're seeing the well-deserved financial death of state governments. let's hope they default in a way that will force renegotiating their entire cost structure.
Posted: 10/11/2010 9:51:48 AM
|just thought this comparison kind of says it all about everything from the President to the media etc.|
Posted: 10/12/2010 8:02:34 AM
|Here is an answer to your question it is a way to manipulate the money. Just look at the Wiemar Republic. All of the above posts are interrelated to the manipulation of money.|
Posted: 10/12/2010 3:47:45 PM
|A free market economy is self correcting unless you bail out the losers and and let the government try to fix it with bad policy and an ever collapsing manufacturing base.|
Here is a great explanation from some one that has been on the front lines.
If you don't take the time to watch it then you really don't want the answer. If you want socialist life style then move to Greece, oh wait they are broke.
Oh and as for your earlier question many of these threads cover different things and spin off from the original post because there are more than a few simple answer to the original question.
Oh and if you knew a little history you would know that we have been subsidizing many of those countries for years after WWII. Why do you think Germany panicked when we started pulling out our troops and told them to come up with their own Army and pay for it.
Explain to me why we still give 2 billion a year to China when we are in debt to them. Borrow 2 Billion from China so we can give it back to them, just asinine.
Posted: 10/13/2010 9:09:22 AM
|If your read the original post and put 2 and 2 together this video will make sense. It is a propaganda game. The change in money is just a step.|
The liberty movement supports the restoration of the Constitution which clearly states that the coinage of money shall be in gold and that only the elected Congress is authorized to issue and control it.
First, we must be aware that the Federal Reserve, along with other foreign private central banks and the IMF, have long had plans for a global currency. This is not conspiracy theory mumbo-jumbo anymore, but rather cold hard fact. Lew Rockwell wrote an excellent article summarizing the IMF’s push for a global currency — the Bancor. The recent international currency war may be the beginning of creating a false demand for something more stable for international trade. As all major currencies race to the bottom, the private banking cartel will surely offer their global solution. We know what their solution will be — continued debt slavery with more centralized control — but what will the people’s solution be?
There seems to be another currency war brewing right here in America. The debate between the two most popular proposed solutions of adopting the Greenback or the Gold Standard has just officially begun. Last week, Gary North, a Goldbug and author of Honest Money, wrote a scathing attack of Web of Debt author Ellen Brown, a Greenbacker. He took select samples from her book in an attempt to tie her public bank solution to Hitler, but failed to address the “interest-free” philosophy of her policy. Despite that, he does manage to frame the Goldbug’s argument against the Greenback, or public banking, as inferior:
Posted: 10/13/2010 12:03:46 PM
The fact that our 'dollar' had higher value then doesn't mean that our government devalued it over time.
It can't mean anything else. All the things you mentioned are irrelevant to inflation. The continuing inflation we've seen for decades is only caused by one thing: an increase in the supply of money. And in this country, the Federal Reserve has complete control over that supply. When it grows faster than the supply of goods and services it's chasing, you get inflation.
There was very little inflation in the U.S. for a big part of our history. What's happened is that the demand for government services--which are nothing but overhead-- has increased faster than productivity. As a nation, we want more than we're willing to pay for with taxes. That creates debt, but you can always kick the can down the road.
One handy way to do that is to wipe out the debt by paying it off in the future in cheap money--dollars that aren't worth as much as they were when the debt was created. It's like borrowing $100 from someone, and then changing the rules of the agreement to say $50 now counts as $100. Problem solved, right?
*Your* problem, maybe--but not your creditor's. He can only buy half as much with the $50 you repaid him, as he could have bought if he'd just kept the $100 he loaned you. So why would he loan it to you in the first place?
No one would--if they had any say in it. But the way the game's played, the people who have to repay our debts aren't voting now (or even born yet)--and we are. It's a way to get what we want from government now, and make future generations foot the bill.
Posted: 10/13/2010 12:14:31 PM
|We could have much more productive discussions if we did not have to teach basic economics to liberals. Liberals you must learn! Stop confusing issues, parsing words, blaming others and get some education. There may be arguments that need considering but they don't include obfuscating. |
It's like slow motion Gloria Allred, day after day.