justin_o_guy2 wrote on 09/23/16 at 23:38:41:raydawg wrote on 09/23/16 at 19:31:53:Jog, you like to beat dead horses too?
Here field theses question:
What is currency/money valued on, if not metal, or commodity, why?
How can you ensure enough money circulates through the system to allow service, product,and accessibility to its citizens?
How can a civilization thrive, prosper, grow, unless it establishes a baseline on monetary policies, that are not tied to scarcity of its currency?
How does barter factor in?
Nope, go read the book.
Teaching ain't your strong point, eh bro
Griffen defines money in four forms:
1. Commodity money (silver coins or gold pieces)
2. Receipt money (paper money backed by 100% by gold or silver reserves)
3. Fractional money (paper money partially backed by gold or silver reserves)
4. Fiat money (paper money not backed by precious metals and required to use by decree)
In the United States of America, we are living in the age of fiat money. The American dollar has no intrinsic value.
Our currency is no longer backed by gold or silver but is the recognized and required by the federal government as legal tender.
In fact, our money is backed by no assets; it is backed by debt. The U.S. money supply is simply created out of thin air by the Federal Reserve for Congress to spend as it wishes with no regard for its value, supply, or repayment.
The operating schemes of unlimited supplies of money, unlimited spending, and increasing national debt, suit the purposes of those who profit from it: the banks which sponsor and broker the activity. One wonders, then why taxes are necessary at all.
He maintains that taxes serve two purposes:
1. To fool the public into believing it is paying for government spending.
2. To enable social planners (socialists) to wage war on the middle class
The nature of evil is the impulse to power over others.
This struggle is all about power and control.
At this time in history, the greatest problem is the growing dependence of more and more citizens on their friendly, motherly federal government. "When people can vote on issues involving the transfer of wealth to themselves from others, the ballot box becomes a weapon with which the majority plunders the minority."
The final piece of this long and fascinating conspiracy against the citizenry requires a central government unrestrained.
This requires a war.
The war of choice for the present leadership is the environmental movement. Several years ago, He predicated that "fraudulent scientific studies" would fuel the politicians' appetite for an enemy.
The threat of doom would empower the central government to seize the leverage it needed to socialize the economy and lead the public into a doomsday scenario.
Couple with failing banks and bailout of private industries ( Bush and Obama, with banks to big to fail mentality) other politicians, back-room power brokers ( like Trump ) would seize the opportunity to destroy the greatest asset of a people and free markets: their freedom.
How could he know this many years before the Great Recession of 2008 and Copenhagen 15?
Eh?
BTW, I pinched this, but we can start here.
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