8 Nov 2017 10:42 pm
Like I said in a previous post, I would do away with money altogether, albeit gradually. It is an archaism that will one day serve no use, other than to shackle mankind to an obsolete system of profiteering and exploitation.Cannonpointer » 08 Nov 2017 10:25 pm » wrote:But governments are not stealing when they print currency - which is precisely why every government we attack is among those who refuse to allow the parasites to run a central bank scam on their nation. We attack them on behalf of the parasites.
You need to DISTINGUISH between a private bank doing it TO a nation's citizens, and a government doing it FOR their citizens. Equating them serves fiat currency.
A public bank that prints money as a utility, and not a for-profit enterprise, would no longer route vast sums to the bankers' pockets. This is an argument with merit, and one fully supported by economist Michael Hudson (someone whose works I respect).
That being said, I maintain the core of my refutation in 2 parts (and won't let you get away with these):
1) A private bank does not "print money out of thin air."
2) The "money in circulation" to "total value" ratio is always adjusted in the long run by supply-and-demand, regardless of which entity does the "money printing."
This means, in the real world, regardless of the intentions of the power in charge of currency issuing, some groups are going to benefit and others won't, depending on the change in ratio.