Liberal Forum

Dantev2 » 08 Nov 2017 12:50 am » wrote:
Bad move, friend. Do not ask me to defend a system I don't agree with. I would gradually do away with money altogether.

I took issue with your criticism because your mortars are launched in the wrong direction - it is interest and not "printing money" that you ought to concern yourself with. Fiat money and commodity money both serve the same purpose - as media of exchange and storage of value. The only difference is fiat money is not intrinsically valuable and requires the users' faith in, or forced compliance by, the issuer (usually a political entity, like the US state)

If a nation, exercising the authority of its citizens, issues currency, that currency represents the value of that nation's resources and production.

If a PRIVATE bank prints those same dollars, that represents the theft of that nation's resources and productivity.

See that?

One represents the VALUE and the other represents the THEFT.

That's a big old honking **** difference.

Y'see, a PRIVATE bank having the franchise to print money OUT OF THIN AIR (as opposed to it being an expression of value), then that private bank can PURCHASE, with "money" printed out of thin air, the goods and services and resources of the host nation upon which it is a parasite.

Equating what a PRIVATE bank does with what a government, on the authority of its people, does, is acting as an agent of the Big Lie that fed notes and such are.