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The problem isn’t that our money isn’t gold-backed. The problem isn’t fiat money. The problem is that all money is hierarchically controlled as an asset to private sector institutions and elite capital holders who have the ability to call-in their chips, i.e. your bank digits, whereas it’s an interest-bearing debt to governments and the people.
Originally posted by thegreatone
. . . a one world economy . . .
2.We would have to come up with a limit to which each country can produce.
Originally posted by Mary Rose
The problem isn’t fiat money. The problem is that all money is hierarchically controlled
Originally posted by Rockpuck
reply to post by eNumbra
Gold doesn't have an intrinsic value either.. it's accepted because people believe it's worth something (gasp!) just like ... fiat (which means Command) money........
belonging to a thing by its very nature
Originally posted by eNumbra
You can't just slap a value on a piece of paper and claim that's what it represents without some sort of backing.
Originally posted by zzombie
3. Fiat money is "the creation of money out of thin air".
Originally posted by Mary Rose
They're one and the same now because banksters are the ones issuing the currency at interest - creating a society of debt slaves.
Originally posted by Mary Rose
I think people should study the example of the colonies before the American Revolution. When the banksters in England saw the prosperity the colonies were generating by issuing their own currency, that's when a law was made prohibiting it. That's what the Revolution was about. The U.S. is back where we started from.
Originally posted by Mary Rose
Not a person - the government.
Originally posted by NewlyAwakened
Originally posted by Mary Rose
Not a person - the government.
So governments are machines?
Originally posted by NewlyAwakened
You would be wise to get over your naïve trust in government (even if it comes with the stipulation that you just need the "right" people in it).
Originally posted by Mary Rose
Government is a necessity. That is reality.