posted on Jan, 4 2017 @ 10:30 PM
originally posted by: lordcomac
a reply to: Azureblue
Are you suggesting that the banks simply print more money to give to the citizens?
Surely if you understand fractional reserve lending, you understand inflation.
If you give everyone free money every month, the cost of living will go up by that amount, plus tax, for everyone. There is no version of this concept
that gets around that outcome.
Not true. Inflation is a pretty easy concept to work around as long as you have a finite amount of money in the system. There's two ways to
#1. Finite currency system. In this system there exists X dollars in the system, based on the number of people using the currency, it remains tied to
the population (say $10,000 per person). As money is spent in the system it's subtracted from the account of the person who spends it, and equally
distributed to everyone else in the system. The downside here is in allowing for profit. That's why the dual currency system is better.
#2 Dual currency system. In this system you have your dollars just as they are now, except they can't buy everything inside the US. You also have
another currency, lets say Amero's. On items tagged luxury goods (non necessities basically), you charge both a dollar value for the product and a
value for the Amero's. However, the only way to obtain Amero's would be either through digital distribution like in system #1, or through purchasing
on an exchange where people can sell their Amero's for dollars. In turn, this creates a value for each person (US citizen most likely) simply by
existing. They could in turn use these Amero's to skip on luxury goods and buy necessities like rent and food, without consuming welfare dollars,
because those who want those goods could spend more dollars and buy them. Such a system would ultimately result in a passive income stream for anyone
willing to live simply, supported entirely through the free market.