Liberal Forum

ingo » 17 Nov 2017 7:32 am » wrote: Don't tell me you're one of the Money Surrealists here with their Ludwigisms & Luddite "Steadfastness"...

That is all your insane diatribe deserves.

ingo » 17 Nov 2017 2:15 am » wrote:I have included a link to THE MONEY MASTERS by Bill Still. When I found this I thought it was the clearest way yet that anyone can watch and learn about the Biggest Crime of the last Millennium.... We are "Their" Debt Slaves. Find out who our real Masters are... https://www.youtube.com/watch?v=HBk5XV1ExoQ

...gotta give you a hand...that's the best post yet...little does the republican-radio-idiot, 'private dildo,' under$tand but bill still is heads and tails above his **** fool radio head!...but the dildo is faaaaaaaaar from the only goddamned fool around here!...wait until you 'meet' a goddamned fool named 'termin8tor'! [known as the 'squirmin8or' ] ...this **** idiot's gaping hole is constantly working as to some 'illion dollar economy' even after i clearly exposed the **** idiot as someone who doesn't even understand the HIDEOUS origin and nature of even one 'dollar'..WORD!..[the **** republican-radio-level-idiot stays away from me, mostly just calling names like a spoiled 3rd grader!...'roadkill' ['toadstool'] has a similar republican-radio-level approach...big mouths with jack-$hit to back it up!..

...barry goldwater was referring to this republican-radio-level class of monetary ignoramuses and others with this quote found on your excellent bill still you-tube piece: "Most Americans have no real understanding of the operation of the international moneylenders ... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the United States"

double post

peepee » 19 Nov 2017 11:03 am » wrote:

ingo » 17 Nov 2017 2:15 am » wrote:I have included a link to THE MONEY MASTERS by Bill Still. When I found this I thought it was the clearest way yet that anyone can watch and learn about the Biggest Crime of the last Millennium.... We are "Their" Debt Slaves. Find out who our real Masters are... https://www.youtube.com/watch?v=HBk5XV1ExoQ

...gotta give you a hand...that's the best post yet...little does the republican-radio-idiot, 'private dildo,' under$tand but bill still is heads and tails above his **** fool radio head!...but the dildo is faaaaaaaaar from the only goddamned fool around here!...wait until you 'meet' a goddamned fool named 'termin8tor'! [known as the 'squirmin8or' ] ...this **** idiot's gaping hole is constantly working as to some 'illion dollar economy' even after i clearly exposed the **** idiot as someone who doesn't even understand the HIDEOUS origin and nature of even one 'dollar'..WORD!..[the **** republican-radio-level-idiot stays away from me, mostly just calling names like a spoiled 3rd grader!...'roadkill' ['toadstool'] has a similar republican-radio-level approach...big mouths with jack-$hit to back it up!..

...barry goldwater was referring to this republican-radio-level class of monetary ignoramuses and others with this quote found on your excellent bill still you-tube piece: "Most Americans have no real understanding of the operation of the international moneylenders ... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the United States"

I have seen many items of conspiracy theories on the internet over the years. This is just another one that you fell for hook, line, and sinker.. Swallowed it whole. Did you bother looking for competing views. Obviously not.

Try this link.
http://positivemoney.org/2015/07/money- ... ate-banks/

How is money created?

Most people, including many economists, think that central banks and thus government creates our money. The central bank then lends the money to ordinary banks, which bring it into the economy by lending to consumers, businesses and governments. People also believe that, apart from central bank money, the deposits in the (savings) accounts held by bank customers are an important source of the money lent by banks.

The idea that banks work only with money created by central banks and with the money depositors put in their care is wrong. In reality only about three percent of the total money supply, the part consisting of coins and banknotes, is created by the central bank. The remaining 97 percent of money is produced by private banks when they give loans. This is done through a simple accounting practice which results in the amount of the loan – and the money thus created – being added to both sides of the bank’s balance sheet (for accountants among us: to the assets as a loan; to the liabilities as a deposit in the account of the borrower). As the British Central Bank, the Bank of England, put it in 2014:

“Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”
In theory the money created by lending is destroyed when the loan is repaid. In practice that does happen, but at the same time the amount of newly given credit is almost always much higher than the amount of credit repaid. Thus the money supply continues to increase.

Sgt Bilko » 20 Nov 2017 9:36 am » wrote:Try this link.
http://positivemoney.org/2015/07/money- ... ate-banks/

How is money created?

Most people, including many economists, think that central banks and thus government creates our money. The central bank then lends the money to ordinary banks, which bring it into the economy by lending to consumers, businesses and governments. People also believe that, apart from central bank money, the deposits in the (savings) accounts held by bank customers are an important source of the money lent by banks.

The idea that banks work only with money created by central banks and with the money depositors put in their care is wrong. In reality only about three percent of the total money supply, the part consisting of coins and banknotes, is created by the central bank. The remaining 97 percent of money is produced by private banks when they give loans. This is done through a simple accounting practice which results in the amount of the loan – and the money thus created – being added to both sides of the bank’s balance sheet (for accountants among us: to the assets as a loan; to the liabilities as a deposit in the account of the borrower). As the British Central Bank, the Bank of England, put it in 2014:

“Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”
In theory the money created by lending is destroyed when the loan is repaid. In practice that does happen, but at the same time the amount of newly given credit is almost always much higher than the amount of credit repaid. Thus the money supply continues to increase.

...private dildo, what you have posted above contradicts what you wrote here on another thread, dummy: viewtopic.php?f=3&t=29862&u=0&start=220

"..Poor peepee obviously has no understanding about the government issuing money to the banks so makes up this idiocy of banks creating money by themselves
Businesses create money with their activities making profit. Their profit is extra money in the economy. It is not a zero sum game. When businesses are profitable the economy does great. When they have reduced or no profit the economy goes into recessions and depressions. Something poor peepee has no understanding of..."

...you're a trailer park boy julian-like republican idiot but your buddy the republican radio idiot squirmin8or is a ricky-like goddamned monetary ignoramus...

peepee » 20 Nov 2017 4:27 pm » wrote:

Sgt Bilko » 20 Nov 2017 9:36 am » wrote:Try this link.
http://positivemoney.org/2015/07/money- ... ate-banks/

How is money created?

Most people, including many economists, think that central banks and thus government creates our money. The central bank then lends the money to ordinary banks, which bring it into the economy by lending to consumers, businesses and governments. People also believe that, apart from central bank money, the deposits in the (savings) accounts held by bank customers are an important source of the money lent by banks.

The idea that banks work only with money created by central banks and with the money depositors put in their care is wrong. In reality only about three percent of the total money supply, the part consisting of coins and banknotes, is created by the central bank. The remaining 97 percent of money is produced by private banks when they give loans. This is done through a simple accounting practice which results in the amount of the loan – and the money thus created – being added to both sides of the bank’s balance sheet (for accountants among us: to the assets as a loan; to the liabilities as a deposit in the account of the borrower). As the British Central Bank, the Bank of England, put it in 2014:

“Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”
In theory the money created by lending is destroyed when the loan is repaid. In practice that does happen, but at the same time the amount of newly given credit is almost always much higher than the amount of credit repaid. Thus the money supply continues to increase.

...private dildo, what you have posted above contradicts what you wrote here on another thread, dummy: viewtopic.php?f=3&t=29862&u=0&start=220

"..Poor peepee obviously has no understanding about the government issuing money to the banks so makes up this idiocy of banks creating money by themselves
Businesses create money with their activities making profit. Their profit is extra money in the economy. It is not a zero sum game. When businesses are profitable the economy does great. When they have reduced or no profit the economy goes into recessions and depressions. Something poor peepee has no understanding of..."

...you're a trailer park boy julian-like republican idiot but your buddy the republican radio idiot squirmin8or is a ricky-like goddamned monetary ignoramus...

Here is what I posted where he pointed. It is one of most important items I posted.

https://m.youtube.com/watch?v=UaEC-lWSlmI

...in all honesty, private dildo is quite the republican-radio-level monetary ignoramus and has vomitted a lot of crap on this site...but he's not the vomit champ..that dishonor goes to the squirmy turd-orator ...

..imagine this stoooooooooooopid ****...constantly working his hole about some illion-dollar economy absent an honest clue as to the true origin and nature of even one dollar!..

...here are some of this republican-radio-level asshole's most ignorant assertions:

#1.) "I don't care. No one gets bonds, which have value, for free. Either he's an imbecile or you are for bungling his writing. We all know what an imbecile you are, so I'll bet the latter. "

#2.) "First, money creation has absolutely nothing to do with handing out free bonds, you complete imbecile. Which is what you claimed and I disputed. Second, if you're citing a 9/11 Truther as a source, you're too freaking stupid to even comment on the issue of Economics, or any issue."

#3.) "Private bankers can't issue dollars, psycho. That was the contention. If you're referring to the Fed, say so, duuuh."
viewtopic.php?f=3&t=29862&u=0&start=200

[fans, i will be posting more quotes from the republican-radio idiot, squirmin8or, but i have another turkey to which i must attend]

peepee » 23 Nov 2017 8:50 am » wrote:...in all honesty, private dildo is quite the republican-radio-level monetary ignoramus and has vomitted a lot of crap on this site...but he's not the vomit champ..that dishonor goes to the squirmy turd-orator ...

..imagine this stoooooooooooopid ****...constantly working his hole about some illion-dollar economy absent an honest clue as to the true origin and nature of even one dollar!..

...here are some of this republican-radio-level asshole's most ignorant assertions:

#1.) "I don't care. No one gets bonds, which have value, for free. Either he's an imbecile or you are for bungling his writing. We all know what an imbecile you are, so I'll bet the latter. "

#2.) "First, money creation has absolutely nothing to do with handing out free bonds, you complete imbecile. Which is what you claimed and I disputed. Second, if you're citing a 9/11 Truther as a source, you're too freaking stupid to even comment on the issue of Economics, or any issue."

#3.) "Private bankers can't issue dollars, psycho. That was the contention. If you're referring to the Fed, say so, duuuh."
viewtopic.php?f=3&t=29862&u=0&start=200

[fans, i will be posting more quotes from the republican-radio idiot, squirmin8or, but i have another turkey to which i must attend]

More fallacious ad hominem by the one who pisses in his pants based on his name. What kind of fool picks a screen name peepee. It just discredits anything the fool posts. Then his posts further that cause.

Here is his theme song.
Chuck Berry - My Dimg-a-Ling
https://m.youtube.com/watch?v=UaEC-lWSlmI

...here are some more quotes from 'termin8tor'...a typical republican-radio level idiot who thinks because they've listened to ruse lamebag and peckerhead beck for years, they possess some 'high information' [as opposed to their 'lo-info' foils, the hated democrats] as to 'the economy'... [actually, virtually half of every 'economic transaction' is/are 'dollars' and these goddamned fool republicrats are CLEARLY ignorant as to the origin and nature of even one 'dollar'...literally, their gaping holes are frequently open as to the illion-dollar economy even though the goddamned fools don't know what one dollar is!...word...

...here are some more 'thoughts' from republican-radio monetary ignoramus [and all-around dick-head] 'termin8tor':

"4.) How utterly freaking stupid, with a stupid moonbat source to supposedly back it up. Money is created by private bankers.
"

5.) "How do private bankers "create money," Dim? Do they print it? What is the mechanism, expressed on your own words? Rotsa ruck, imbecile. No one with the slightest knowledge or common sense would believe that, you imbecile."

6.) "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources."

...poor termin8tor! ...ouch!....little do you know, *******, but you have eposed yourself as a pathetic know-nothing when it comes to money...rendering your 'ideas' about 'the economy' worse than worthless...word..

peepee » 29 Nov 2017 12:02 am » wrote:...here are some more quotes from 'termin8tor'...a typical republican-radio level idiot who thinks because they've listened to ruse lamebag and peckerhead beck for years, they possess some 'high information' [as opposed to their 'lo-info' foils, the hated democrats] as to 'the economy'... [actually, virtually half of every 'economic transaction' is/are 'dollars' and these goddamned fool republicrats are CLEARLY ignorant as to the origin and nature of even one 'dollar'...literally, their gaping holes are frequently open as to the illion-dollar economy even though the goddamned fools don't know what one dollar is!...word...

...here are some more 'thoughts' from republican-radio monetary ignoramus [and all-around dick-head] 'termin8tor':

"4.) How utterly freaking stupid, with a stupid moonbat source to supposedly back it up. Money is created by private bankers.
"

5.) "How do private bankers "create money," Dim? Do they print it? What is the mechanism, expressed on your own words? Rotsa ruck, imbecile. No one with the slightest knowledge or common sense would believe that, you imbecile."

6.) "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources."

...poor termin8tor! ...ouch!....little do you know, *******, but you have eposed yourself as a pathetic know-nothing when it comes to money...rendering your 'ideas' about 'the economy' worse than worthless...word..

This from the far leftwing progressive moonbat peepee. Methinks thou doest protest too much. Shakespeare nailed it about idiots like you.

...thank you for bumping this thread to the top, private dildo, but for your own sake, you really should stfu...you're embarrassing yourself here...

peepee » 30 Jun 2017 7:26 am wrote:“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created."

...to which the loud goddamned fool republican-radio-level monetary ignoramus, termin8tor responded: "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources." viewtopic.php?f=3&t=29862&u=0&start=220

[and this **** idiot termin8tor brags loudly about its understanding of economics!...as any monetary realist understands, termin8tor doesn't even understand the origin and nature of virtually one half of every [u.s.] economic transaction, ['dollars'] yet its foaming pork-chop hole is frequently open as to some illion-dollar economy...

...wouldn't i love!! to debate this goddamned fool radio republican or any of the rest of you republican/crat monetary ignoramuses face to face..live on the teevee!...

peepee » 03 Dec 2017 8:22 pm » wrote:...thank you for bumping this thread to the top, private dildo, but for your own sake, you really should stfu...you're embarrassing yourself here...

peepee » 30 Jun 2017 7:26 am wrote:“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created."

...to which the loud goddamned fool republican-radio-level monetary ignoramus, termin8tor responded: "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources." viewtopic.php?f=3&t=29862&u=0&start=220

[and this **** idiot termin8tor brags loudly about its understanding of economics!...as any monetary realist understands, termin8tor doesn't even understand the origin and nature of virtually one half of every [u.s.] economic transaction, ['dollars'] yet its foaming pork-chop hole is frequently open as to some illion-dollar economy...

...wouldn't i love!! to debate this goddamned fool radio republican or any of the rest of you republican/crat monetary ignoramuses face to face..live on the teevee!...

The only one emberassing themselves is you!!! Your fallacious ad hominem attacks prove only that you have no real evidence to put forth. You obviously are a waste of skin!!!

PS: British banks are not running under the same laws US banks are Dippidy Doo!!!

...'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.”

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.

...ingo, a new bright spot in a sea of republicrat radio/teevee ignorance, posted this jewel on another thread: viewtopic.php?f=3&t=34421/fire-collins- ... r-s-toadie

'...In and of itself it holds no value. It is a "Standard weight & measure" as stated in our constitution. Our Constitution says that only the US Government shall Create our currency. Why & How was this Constitutional Directive ignored and the ability to create Money handed over to a PRIVATE Syndicate of Banks. The ability of any PRIVATE "Group" to control a countries currency and create as much or little as they want allows them exclusive control of everything, and it's all done in secret behind closed doors....'

...there are a few monetary realists at this site...the few, the proud, and 'the banned' from all political forums except lf!..hip hip hoooooray....

peepee » 12 Dec 2017 3:45 pm » wrote:...ingo, a new bright spot in a sea of republicrat radio/teevee ignorance, posted this jewel on another thread: viewtopic.php?f=3&t=34421/fire-collins- ... r-s-toadie

'...In and of itself it holds no value. It is a "Standard weight & measure" as stated in our constitution. Our Constitution says that only the US Government shall Create our currency. Why & How was this Constitutional Directive ignored and the ability to create Money handed over to a PRIVATE Syndicate of Banks. The ability of any PRIVATE "Group" to control a countries currency and create as much or little as they want allows them exclusive control of everything, and it's all done in secret behind closed doors....'

...there are a few monetary realists at this site...the few, the proud, and 'the banned' from all political forums except lf!..hip hip hoooooray....

Look at this idiot applauding himself. Moonbat idiocy at its finest!!!

....bill still gets at the heart of the matter at 6:40....

...btw, this video, and the ignorant comments after, exposes the 'gold bugs' as people who don't understand that all widely-used 'money' has always been 'fiat' in nature...remember, 'gold' per se was/is not 'the money'....'authorized' gold 'coins' were 'the money'...

https://www.youtube.com/watch?v=K8tD2gdvs_4

https://www.youtube.com/watch?v=K8tD2gdvs_4&t=2988s

cannonpointer: "Still is a friend of paper money. About half way through, he denounces those who cite Art. 1 Sec 10 in arguments against fed notes as misreading that article - but offers no alternative read.A friend of paper money is an enemy of the nation.''

...benjamin franklin was an enemy of the nation?...

...if you mean by 'paper money', 'fiat money' i offer the following defintion of money by monetary historian alexander del mar: "...what is commonly understood as money has always consisted, tangibly, of a number of pieces of some material, marked by public authority and named or understood in the laws or customs: that its palpable characteristic was its mark of authority; its essential characteristic, the possession of value, defined by law; and its function, the legal power to pay debts and taxes and the mechanical power to facilitate the exchange of other objects possessing value..."

..and the historian Knapp exposes ludwigger ooga-booga gold bug theories: "I hold the attempt to deduce the nature of money without the idea of a state to be not only out of date, but even absurd"..

https://www.forbes.com/sites/pascalemma ... ffcae3dd5d

peepee » 15 Dec 2017 4:32 pm » wrote: cannonpointer: "Still is a friend of paper money. About half way through, he denounces those who cite Art. 1 Sec 10 in arguments against fed notes as misreading that article - but offers no alternative read.A friend of paper money is an enemy of the nation.''

...benjamin franklin was an enemy of the nation?...

...if you mean by 'paper money', 'fiat money' i offer the following defintion of money by monetary historian alexander del mar: "...what is commonly understood as money has always consisted, tangibly, of a number of pieces of some material, marked by public authority and named or understood in the laws or customs: that its palpable characteristic was its mark of authority; its essential characteristic, the possession of value, defined by law; and its function, the legal power to pay debts and taxes and the mechanical power to facilitate the exchange of other objects possessing value..."

..and the historian Knapp exposes ludwigger ooga-booga gold bug theories: "I hold the attempt to deduce the nature of money without the idea of a state to be not only out of date, but even absurd"..

https://www.forbes.com/sites/pascalemma ... ffcae3dd5d

You might as well hang it up! We are NEVER going back to gold and silver coin as a common currency. We are headed toward digital money.

peepee » 15 Dec 2017 4:32 pm » wrote:https://www.youtube.com/watch?v=K8tD2gdvs_4&t=2988s

cannonpointer: "Still is a friend of paper money. About half way through, he denounces those who cite Art. 1 Sec 10 in arguments against fed notes as misreading that article - but offers no alternative read.A friend of paper money is an enemy of the nation.''

...benjamin franklin was an enemy of the nation?...

...if you mean by 'paper money', 'fiat money' i offer the following defintion of money by monetary historian alexander del mar: "...what is commonly understood as money has always consisted, tangibly, of a number of pieces of some material, marked by public authority and named or understood in the laws or customs: that its palpable characteristic was its mark of authority; its essential characteristic, the possession of value, defined by law; and its function, the legal power to pay debts and taxes and the mechanical power to facilitate the exchange of other objects possessing value..."

..and the historian Knapp exposes ludwigger ooga-booga gold bug theories: "I hold the attempt to deduce the nature of money without the idea of a state to be not only out of date, but even absurd"..

https://www.forbes.com/sites/pascalemma ... ffcae3dd5d

By paper money I mean fiat currency - yes. I mean "money" with only extrinsic value - not intrinsic value. Anyone trading in such writ, and comfortable with it, is a fool of the first order. Not one such currency in the history of the world - and there have been THOUSANDS - has ever failed to crash. Not ONE - save those currently circulating. That they will crash is written in the sands of time, son. Meanwhile, the Kingdom which issued Spanish pieces of 8 failed, and became a republic. That republic failed, and became a fascist regime. That fascist regime failed, and the Monarchy was restored.

During all of those different governments - the issuing monarchy, the republic, the fascist state and the re-established monarchy, - those pieces of 8 held their value.

Any money based on the imprimatur of a nation state is ****. Any who defend **** are sneaky, lying **** defenders.

Edit: One last thing - call Franklin a friend of paper money again, I punch your grandmother in the ****.