How To Bail The World Out Of Debt

How to is easy. All it requires is that each state (or city) in any country create and print their own money. It's truely that simple. That is the only way to bail the entire world that is under debt out. What do you have to say about that? With new money should come a fresh new opened economy to be inner connected with other states (cities) like the world wide web, to bury debt of the old ways in the past, or at least alieviate it. Can go either way, but it would be most effective. So, whatever country you live in, tell it's states or cities to create their own secure and valueable legal tender bills and coins. Get the picture?

I'd like to see the state of Michican which I live in start creating and printing its own money seperate from the federal money. And it should be used under a brand spaking new, up and coming economy seperate from the one we only been knowing.

reply to post by Tormentations



A Day late and a Dollar short...

reply to post by Tormentations


Oh, so simple, Tormentations says it's so. What backs this new paper with colors and numbers on it? You think the multi-trillion dollar economic powerhouses are going to be all fine and dandy with that? Besides, many communities already have a semi-barter system, without the grandiose effects you are professing.

Besides, didn't you predict a military coup....and your rapture.....and a bunch about tupac....and say that someone was poisoning your face w/ nuclear dust?

Seriously man, you have like no credibility. Unless you are some sort of messiah. Are you?

Best,
SN

And what would this new currency be backed with?

Probably doesn't matter. It's not like the dollar has any backing anymore.

reply to post by Tormentations


Several places in the states have begun to use silver as a form of payment.

It is time to throw away the fiat currencies.

It is time to throw away the banksters to where they belong, prison.

I will comment back on this thread later.

But for now, gold and silver were removed from the currency for a reason.

Paper is backed by credit, where does the credit come from?

Is borrowing from a foreign corporation(china) really a good idea?

More later.

That is a fine suggestion; I appreciate the thought that you put into it. Unfortunately, it is unworkable for a variety of reasons.

The basic problem is that for every debtor there is a creditor. Those debts may be denominated in dollars, euros, or some other form of money, but essentially the debtor owes some form of effort to the creditor for the effort that the debtor received previously. That is only fair. Unfortunately, the debts of many are currently held by a few that are well organized, very powerful, and not interested in losing their claims to the efforts of the masses. Additionally, there is disproportionate amount of debt compared to the current productive capacity of the planet because of the fractional reserve system.

There is also a specific flaw with your suggestion.

The essence of "money" is its function as a medium of exchange, thus, the basic problem with your suggestion is the convertibility of the currencies. This basic problem comprises two "sub-problems": 1) a currency market more complicated than the current one which will inhibit trade because of volatile exchange rates, and 2) an incentive to "cheat" as organizations create more money in the selfish interest of buying more goods while dispersing the inflationary pressures to the aggregate economy.

If you're genuinely interested in this topic I would suggest reading about monetary theory and thinking about it for yourself. The elements of it that don't seem fair are where you should concentrate your attention to ultimately devise a workable solution. I've spent many years thinking about the exact same issue and currently hold a B.S. and M.A. in Economics so I can say on full authority that much is wrong with the current monetary system, but your solution will not work.

If you have any further questions feel free to send me a personal message. I promise to respond thoughtfully.

Shane

reply to post by Tormentations


Does this have anything to do with this:

www.abovetopsecret.com...

The world will be entering facility seven. What moment shall that be true? The 7th of May. Based on eastern time zone only. So you should be able to figure out what that means for your self in where you are located on a map. Ha. That's if you even need a map.

Big concrete prediction for tomorrow. I expect to hear what you have to say at that time. I'm sure your 'followers' will all be waiting.

Best,
SN

reply to post by skunknuts


So, SN are you going to be posting your graphs anymore?

You know the ones, the ones that show the Economic Upswing that you have been parroting for so long"

I am sure a lot of people here would appreciate some more propaganda.

I am sure a lot of people would be appreciative of your economic theories even though ALL of them have proven to be WRONG!

There are some communities already doing this. Ithica time dollars is one that comes to mind.

en.wikipedia.org...


This Town Prints Its Own Money!

Originally posted by endisnighe
reply to post by skunknuts

 

So, SN are you going to be posting your graphs anymore?

You know the ones, the ones that show the Economic Upswing that you have been parroting for so long"

I am sure a lot of people here would appreciate some more propaganda.

I am sure a lot of people would be appreciative of your economic theories even though ALL of them have proven to be WRONG!

I know this is one of tormetations threads, yet I would think you would hold yourself to a higher standard of evidence than 'because I say so.'

Tomorrow should show strong job growth, hopefully, validating the continuing climbing out of the economic hole. A flight to quality will also bring european investment money to the strongest economy in the world. (USA #1)

Still running for President? You and tormentations share some character traits, it would seem....

Best,
SN

P.S. How's that deregulation and corporate control working in the gulf? The water is rather obfuscated, no?

P.P.S. Updated w/ last week's data, showing 3 consecutive quarters of growth and an end to the recession:

[atsimg]http://files.abovetopsecret.com/images/member/feda152ac20a.gif[/atsimg]

P.P.P.S. Where are your threads urging people to support the DEMOCRATIC push to regulate the fed and push strong financial reform? Doesn't fit your agenda? Too much cognitive dissonance? Come on, prove you're impartial and give some small props to Harry Reid, surely you've seen today's news.

Reid Backs Breaking Up Banks, Auditing The FED

FED Audit Deal Reached, Socialist Sander's Amendment to Pass


[edit on 5/6/2010 by skunknuts]

I always thought the best solution was just to get rid of money. (VP style).
Change to resource based economy yep, long overdue for change.
Embrace our technological advances and get rid of division and poverty etc... but of course, a lot will disagree with this because they haven't done the research. Just my 2 cents, cheers.

reply to post by Tormentations


Ya they tried that during the Civil War..... it destroyed the economy.

reply to post by skunknuts


Wow, everyone, read the top of that chart.

Seasonably adjusted, percent of change in percent of GDP.

Where did you find that, at Propagandists are us?

Jeez, the obfuscationary statistical analysis on the rates of change of GDP.

What does that EVEN SHOW. Do you know?

That is a statistical analysis of the slope of a line on a graph.

Tell everyone here what that actually shows!

It shows NOTHING.

Sorry buddy. I took Statistics and Business Calculus in College and I can pick out lies from the government propaganda wing quite easily.

Explain to everyone how a rate of change in percent of GDP can actually be said to mean ANYTHING.

Will be waiting with baited breath.

Thanks for the graph! Oh, by the way, kinda looks like a double dip starting on the downward leg. Even though you CANNOT use rates of change to accurately gauge an economy, you can use it to plot statistical analysis of trends in the micro time frame. For a longer time frame one must take into account the macro picture. Was the trend upwards, downwards? Was the samples used basing everything on a high or a low?

Please, inform us.