Quote:
Originally Posted by BlueStreak
Oh, I dunno. It kinda drives home the point that we done it twice before......and it didn't work. So, what is up with all of these people screaming that we should do it again? What, third time's a charm?
Dave
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Actually, people are screaming because the game's rigged, and they're right. But today, the argument has been reduced to either advocating debt based money or returning to specie. There is no third way given any consideration, which oversimplifies the issue and offers no reasonable alternative.
Let's start with the 1st BUS.
http://en.wikipedia.org/wiki/First_B..._United_States
Hamilton advocated this, while Jefferson was totally opposed. If you read down, Hamilton also advocated that an incorporated business (or bank) was in effect a "person", a notion that draws a certain amount of disgust even today.
Then we have the US Bank Note, or Lincoln's greenback, which lasted for over 100 yrs.
http://en.wikipedia.org/wiki/United_States_Note
At first this was a fiat currency, much like or current Federal Reserve note. The big difference is it wasn't based on debt. And it's backing was manipulated many times as well before it was retired.
Here's an argument for the return to Lincoln's greenback, one of the third ways I brought up before.
http://www.webofdebt.com/articles/lincoln_obama.php
Basically an argument for a stable currency. And as I sit here watching my savings being inflated away while the banks offer a percentage well below the rate of inflation, I can see the advantage to a stable currency.
Don't ask me for the answers because I don't have them. But I do think that arguing over whether to eliminate the Fed Reserve or not misses the point entirely.
Unless we create a stable currency, it doesn't matter if we have a BUS or not, or a Fed Reserve or not, the games still rigged, and the big money boys are going to us it to separate us from the fruits of our labor generated by the sweat of our brow.
To be fair, they'll let us keep our sweat, and just enough that we don't show up and slit their throats for fear of losing what little we have.
And that, in my estimation, is what it's all about.
Chas