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Forecastle (foc'sl) / The Economy / Re: The Secret of OZ
on: Yesterday at 9:31am |
| Started by Nikkidodi | Post by mornings |
In that movie, essentially, they pose the questions, why should a gov't borrow from counterfeiters? Why should a gov't pay interest to bankers for the use of thin air? Good question and a good point.
Now, these are not quite the terms the couch the question. They don't call the bankers "counterfeiters". Why? Because it would expose the fact that they are recommending the gov't become a counterfeiter.
Would this be better than the present system? Maybe. It would be more economical for the go'vt. But that is the wrong question, aimed at the wrong issue -- a "straw man". The right question is, will it control gov't spending? No reason to believe so. It didn't stop the Wiemar Republic. It likely would not have controlled Lincoln or Kennedy.
Both systems are counter to the US Constitution.
One has to wonder at the agenda (whose?) in that movie. I've seen this before. There are others who believe this claptrap. Are they simply misguided or are they serious?
Did no one else watch that movie? Or does no one else care?
Nikki?
M |
  
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Forecastle (foc'sl) / The Economy / Re: The Economy (public)
on: Sep 4th, 2010, 11:34am |
| Started by mornings | Post by captbob |
Morn: I don't know if "in depth" as much as incessant repeating of the obvious!.
A long wait to --"leaving gold the one stable alternative"--Where have I heard that before??.
As in Oz: Begs the question--Why would anyone, even with a passing casual interest, enough to read or listen to this material, not be fully aware of these basic tenants since he went off parental allowance???. Is our entire population really as economically unconscious/unaware as it would appear???.
To beat, once again, an old tired drum, for those who covet those guilt certificates, grab those Gold Junior Miners with both fists. But be aware your meteoric rise in gain/wealth above your devastated brethren will b both noted and a matter pf record--and the Govt. will HAVE to tax someone!!--guess who??. |
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| 5 |
Forecastle (foc'sl) / The Economy / Re: The Secret of OZ
on: Sep 4th, 2010, 9:26am |
| Started by Nikkidodi | Post by mornings |
Nikki,
That video/movie does expose some myths, particularly concerning debt and banking. But it seems to me, it is attempting to create another myth in its place: that the gov't, instead of borrowing muny (created out of thin air), can just print or coin what muny it needs (out of thin air) and everything will be all right. (Maybe the movie is a liberal conspiracy)
Isn't that what the Wiemar Republic did? Actually, the Wiemar Republic simply used the printing press to spend itself into oblivion, printing it's own muny was just a way to do it.
Ultimately, spending is the real measure of taxation or of looting the economy. It makes not so much difference whether it collects taxes directly or indirectly, borrows or prints to extort the wealth. It is gov't spending that wastes and consumes wealth either directly or by distorting the market, causing the the populace to waste and consume.
The gov't simply creating fiat currency (that is what Lincoln and Kennedy wanted to do -- they just didn't want to pay interest) is still a form of counterfeit or dilution taxation.
Granted, the parasitic banking component is an additional, unnecessary burden on the system of gov't spending but it seems to me that spending is the issue that should be scrutinized, not just the amount cream bankers take off the top.
Ultimately, there is but one kind of real money, a tangible substance that requires effort to use/create -- gold being being the best to use as money. The gov't can't create real money because it can't create real value -- that's not its job. The US gov't did, early on, for a fee of 10% (presumably to pay the cost of minting), turn raw gold into coins. In effect, it had nothing to do with the value of money. It then levied excise taxes in order to cover the cost of protecting people (its real job).
Here's maybe a better view of what is going on now and why the gov't is not likely to stop spending at a greater and greater rate -- regardless of whether they borrow the muny or print it themselves: Obvious or Subtle Default: Potentially Both
M |
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| 6 |
Forecastle (foc'sl) / The Economy / Re: The Secret of OZ
on: Sep 3rd, 2010, 2:21pm |
| Started by Nikkidodi | Post by Nikkidodi |
Thanks, mornings, for catching that. I edited it and hopefully takes us to the video now.
The You Tube version is HERE (posted 2 weeks ago) and has 277 comments if you like to read others opinions of the video |
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| 9 |
Forecastle (foc'sl) / The Economy / Re: Perils of Government Running the Show
on: Aug 30th, 2010, 5:17pm |
| Started by Hairydawg | Post by captbob |
Quote from Hairydawg on Aug 30th, 2010, 4:24pm:
When was it we were discussing the new -(proposed) 1% tax on all deposits and withdrawals from Banks??, last week?? Change "sensitive" to greedy. Mine comes out and they'll never see it again. The Banks thought they had "offshore" competition before??--just wait!. |
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