Liberal Forum

peepee » 06 Dec 2017 10:11 am » wrote:...'deezer shoove' wrote the following on another thread... viewtopic.php?f=3&t=34230&u=0&start=80 ....it is thoughtful/thought provoking and it deserves recognition here at 'peepee on money' which will/may be the best political forum 'money thread' of all time... [if you disagree, please direct me to a better one]

deezer: "...I read Out of Debt, Out of Danger.It was enlightening... the mindset and/or philosophy throughout a long period.The debt-that-shouldn't-really-be-debt aspect makes great sense.The Hamilton vs Jefferson contrast made me appreciate Jefferson way more, too.
I had a decent idea what a dollar is and the book only served to clarify, not change, my view.The statement I made in the previous post, still stands. I do not take it back.The automatic assumption that I am to hate rich people and empathize with poor people makes no sense.Context and circumstance are important.One basic theme from that particular book it is that we have a lot of idle rich people that did absolutely nothing to get there but be born.They are part of a system put in place that allows them to exist in this manner (as non-producers). Money shufflers that take a cut.While this can be unsavory to you, the system allows it. We can both dislike the bankers en masse but it isn't the individual peoples' fault.
The one aspect of the book I still am trying to digest is "fearless taxation" coupled with a Congress that takes control of our money system.Maybe getting out of the 'fractional reserve system' would mitigate the mystery money boogey men and sticky fingers. I am happy you made me aware of the book. Still digesting... Probably will have to re-read after a while.''



...i don't know how closely you've been following the back and forth between me and the radio-republican monetary ignoramuses termin8tor, private dildo, etc. monetary hallucinators galore, but 'the-debt-that-ought-not-to-be-debt' as voorhis' puts it and to which you allude highlights one of the many examples of utter monetary ignorance displayed by the afformentioned monetary ignoramuses..[perhaps you can help enlighten the boatload of republicrat monetary ignoramuses around here]

...similarly, thomas edison is widely attributed with the following: “People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold.”

Poor weewee seems unable to discern there are many versions of fiscal policies. Democrats seem to favor debt is meaningless. Following this path Obama doubled our debt. I remember in the 60s that Republicans were complaining about the increase in debt and the Democrats laughed. They ridiculed the idea that billions of debt were bad. They still have the same attitude even though the debt is $20 trillion. There is no possible way that can be paid off except by devaluing the dollar tremendously.

I remember being in Israel when they had runaway inflation partly because of their debt. I had a stack of $100 bills of expense money on me. Instead of exchanging them when I arrived I did it one at a time since the rate changed daily. I was able to get a higher rate from private individuals since they were using the dollar to hedge against the inflation. On my next visit they had stabilized it and the 1000 sheckle note was replaced by a 1 sheckle note. Same design but different number. With our debt I worry we might go down that path.