A currency question
POSTED BY: Guywhowantsafireflyofhisown
UPDATED: Sunday, August 13, 2023 22:18
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it wasn't my intent to say that we should be isolationist, you bring up some great points about, global warming and the enviroment and how thats effecting our natural resources. For the most part when this country really wants to do something we can do it.There needs to me great changes in how we use resources and there needs to be a concentrated effort on building new technologies that are compatiable with the enviroment.
I'm sure there is plenty of ways we can get resources that we lack from other countries.
what I was really thinking about is the so called debt that we owe ourselves..if we truly owe ourselves then we should just wipe the slate clean and start fresh. But we can't do it because of the federal reserve. If the government took over that role, we could print our own money, that would have intrinsic value. of course we would have to build up industries, and create new ones in order for this to work and be self reliant but at the same time play an ever powerful role in the world.
Ok so I know I'm dreaming but it could work!!
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Not sure what you mean, then. The debt the US owes is owed to other countries.
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Quote:Not exactly, your thinking of the gold standard which no country uses any more (largely because after the war the US found that so many US dollars were overseas that if those nations holding them exchanged them for gold the gold reserves would be depleted).
Originally posted by PirateJenny:
I see what your saying about the debt, but if its based off a precious metal such as gold, its still based off something that has no real intrinsic value except for the illusional one that we place on it. That gold is still in actuality represntative of real value,..real value is those tangible things such as natural resources, the U.S is a country rich in natural resources.
Conceptually money is merely an abstract quantity, intrinsically worth nothing in the real world. Of course since money is used in exchange for goods it does have an implied value, but the abstract quantity is really what allows us to operate debts, even when it was based on gold. Money is just a token, conceptually no different to a 'money off' coupon from a supermarket, no intrinsic value but we agree with the store to exchange them as 'IOUs' for goods and services.
The gold standard worked in the same way, money was an IOU for a quantity of gold in the nation’s reserve, so when buy say a can of beans you'd be saying "I'll swap this IOU for some gold for that can of beans". But the token itself has no value which is why you can have a negative amount of money, in the case of the Gold standard a negative value of money was saying "I owe the gold reserve" rather than "the gold reserve owes me". You can't do that with actual goods because you can't have negative Sheep, cans of beans or anything else because they aren't an abstract quantity.
There are reasons for having a bank based monetary system that make good sense. Economies as large and complex as those of modern nations simply couldn't function on a barter system. Money separates the process of buying, selling and earning and money greatly simplifies and promotes trade, that's why we adopted it thousands of years ago.
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PirateJenny has it figured out. Too bad about the other 99% of "Americans".
The Federal Reserve Bank is no more a part of the "federal govt" than Skull & Boner Fredrick Smith's Federal Express is part of the federal govt. The Federal Reserve Bank Corporation is in the Yellow Pages of the phone book, not the blue pages of the govt. The Fed Reserve Bank counterfeits all so-called US "dollars", aka Federal Reserve (Debt) Notes. The scam works by this international private corporation counterfeiting/printing all paper "dollars", then loaning those paper debt notes to the US govt at interest. This is a quadrillion-dollar scam. You and I are not allowed to buy stock in this private corporation, but the Rockefellers and British Rothschilds were allowed to monopolize the secret stock at $5/share.
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The Federal Reserve Bank "Secret Society" is a private multinational corporation that counterfeits all US "dollar bills" (Federal Reserve Debt Notes) and loans them to the US government which pays $7-trillion interest on that scrip. All banks only loan money they never had via "fractional reserve" scam - The biggest scam in the history of Uncle Scam. By the Phenomenon Archives, hosted by Dean Stockwell. A "Must See"
www.netctr.com/media.html
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An historical overview of the founding of the Federal Reserve System by the international banking elite and focuses on the growing power of the Bilderberg group. Produced by independent film-maker Daniel Hopsicker.
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What would you do with $300-trillion, try to take over the planet?
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Put yourself on the silver standard and the gold standard. I've been waiting for someone to comment on this, but apparently no member of this forum is literate on this topic (PJ excepted).
Quote:
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Andrew Williams, a spokesman for the Federal Reserve in Washington, D.C.:
"There is no law that says goods and services must be paid for with Federal Reserve notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon."
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What's new? The Liberty Dollar! Fed Ex competes with the Post Office. So now there's the Liberty Dollar competing with the greenbacks printed by your government. The Liberty Dollar is backed by gold and silver. Yes, there's a competitive currency right here in the United States. In five years it has become the second most popular currency in America.
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Welcome to the Liberty Dollar: Remember when gas was only 25-cents a gallon? You could take a dollar down to the gas station and buy four gallons for a buck! At that time our dollar was backed by REAL money, real silver. Guess what? That same amount of silvNOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:History has already shown that the gold and silver standards don't prevent inflation.
Put yourself on the silver standard and the gold standard. I've been waiting for someone to comment on this, but apparently no member of this forum is literate on this topic.
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The problem is not the prevention of inflation, it's that the US Govt sold all its gold to the British Lord Rothschilds. So USA can't go back to a gold standard when Fort Knox is empty, and has never been audited.
But individuals can put themselves on a gold standard, by investing in gold rather than Wall Street pensions and CAFR govt pensions, which are being looted at a rate of over $100-trillion/year in USA today. Wall Street is 70% owned by govt CAFR pension funds, and most businesses in USA are now owned by drug dealers and kingpins laundering money.
So the US economy is now on a cocaine and heroin standard.
Just last night, CNN did a one hour special on "dirt track racin'", with a Tennessean mullethead named Scott Bloomquist and his million-dollar team. CNN admitted Bloomquist was arrested and convicted for cocaine possession, but "forgot" to mention he was recently arrested as a cocaine kingpin. He is not the only millionaire or billionaire racer accused or arrested as drug kingpins. Bernie Ecclestone (who paid a million-pound bribe for a Knight of the British Empire), is "officially" the richest billionaire in Britian, runs Formula One racin' with Max Mosely, whose daddy was jailed during World War 2 for running the British Nazi Party. Bernie was a used car dealer in London, then became a multibillionare accused of running dope worldwide. It's impossible for legitimate racers, or legit business owners, to compete against money launderers, who never need to turn a profit to survive or grow, and who now own the police, prosecutors, judges and politicians. Tennessee GOP Congressman Zack Wamp is a convicted cocaine dealer, but that fact is never mentioned by TV "News", and was only mentioned by his opponent quoted in the local newspaper, which never mentioned that fact again to the voters.
Nor is USA on the oil standard, since foreign oil companies now own US oil wells and distillation plants. British Petroleum owns the Alaskan oil wells, and sells 80% of Alaskan oil to Japan, Communist China and Mexico, and pumps most of the rest back into the ground to drive up oil prices in USA. Communist china is now drilling for oil off the Florida coast, but US oil companies are not allowed to drill for oil off the US coast. The Iraqi oil has been given to Israel, when the Syrian pipeline was diverted to Israel. Britian invented Israel and invented Iraq, and Britian is a member of OPEC. So USA is not on an oil standard.
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Quote:Then why is it that everyone is no longer on the gold standard?
Originally posted by piratenews:
The problem is not the prevention of inflation, it's that the US Govt sold all its gold to the British Lord Rothschilds. So USA can't go back to a gold standard when Fort Knox is empty, and has never been audited.
More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.
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What happened in USA was also done to all other nations, in prep for this New World Order global dictatorship. All nations' economies are destroyed this way, with fiat counterfeit scrip private paper money unbacked by 100% gold or other precious metals.
The Eurodollar is only 10% backed by gold (approximately), and that's why it's replacing the US dollar on the oil market, and one more reason the US dollar is in freefall. Iraq and Iran switched to the Eurodollar for oil sales, which is one reason the Bush Gang is invading them (also to shut off the oil sales to USA to drive up oil profits).
That's why US oil prices tripled since Bush Jr seized power, since the US dollar has dropped 66% since 2001. Gas prices are going up, the dollar is dropping, which gives the appearance that gas prices are rising. It still costs 5-cents a gallon to pump oil out of the ground, and another 10-cents to refine it. Oil wells are refilling as fast as they can be pumped dry, since the oil is manufactured by the Earth's molten core. Even Beverly Hills High School has an oil derick on campus and a dozen oil pumps under its football field and smoking refinery belching cancerous fumes (contrary to Jew Aaron Spelling's TV sitcon BH90210 pretending it's the best HS on the planet). Oil is everywhere in USA, including Tennessee. There has never been a shortage of oil. Only 15% of oil used by USA is purchased from the Middle East. USA has more than enough oil without buying from any foreign nation.
Europe's oil prices are so high because gas taxes are 10-times higher than USA. Now the King of Spain bought all Texas streets and highways and will get a $4/gallon gas tax on every car in Texas, except the aliens from Mexico on the NAFTA Superhighways. This foreign tax scam is being implemented in all states in USA, via NAFTA.
Rather than blowing up firecrackers tomorrow, the Founding Fathers recommend a trip to your favorite gun range. Me, I'll just use my back yard for my Ruger Mini-14 .223, and watch my neighbor fire his AR-15 .223. We live in a relatively crowded neighborhood, BTW.
Freedom - use it or lose it.
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FIREFLY SERENITY PILOT MUSIC VIDEO V2
Tangerine Dream - Thief Soundtrack: Confrontation
http://radio.indymedia.org/news/2006/03/8912.php
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wow, PN, A lot of that makes sense, why is everyone else on this forum bashing you?
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-try it out, I dare you
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alright, I'm going to avoid everying thing else in PN's post. What does Aaron Spelling's being a Jew have anything to do with anything? He wanted a prime time drama with sexy teens in a rich Californa neighborhood.
Also, Saved By The Bell did an episode showing the environmental damages of an oil rig on a high school campus, parodying Beverly Hills High. Not Spelling's work, but same audience.
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