Originally posted by Acronychal
I do agree with you to an extent, and I think that no man should be able to dictate the economy in such ways that they do. The way the economic system
has been run is reflected in it's own instability and continual demise. But I do ask this, what of a world with no banks?
Do you think countries can maintain a sustainable economy with no banks what-so-ever? I also agree that the morals and reasoning of some (perhaps
most, but definetly not all) bankers is questionable. But if you, someone who claims times have gotten tough, had the opportunity to turn a blind eye
and reach into the depths of a stable monatery life, would you?
edit on 23-8-2012 by Acronychal because: (no reason given)
It's not that we need a country with no banks. It's that we need to overhaul the banking system. What we have is fractional banking taken to the
absolute extreme, and fractional banking is an absolute scam.
We NEED the gold standard. I think people underestimate how important the gold standard truly was. The gold standard places limitations on a
government. When currency is tied to a concrete, tangible thing such as gold, the government is limited in its spending. It can only spend what it
taxes, and people will only accept so much taxation. The gold standard is, in essence, a system of checks to keep the government in line.
Without the gold standard, there are no limits. They make "money" out of nothing to fund whatever they want. Want to fight a war? Make some money. And
hopefully i don't actually have to go into detail about why this is a harmful practice, i assume everybody should be aware.
There is ample evidence that the central banks have conspired to keep the value of gold down, through various methods. I could gladly provide evidence
of this. By deflating the value of gold, they were increasing confidence in our make-believe currency. Alan Greenspan ADMITTED, in Congressional
testimony, that central banks had been engaged in a prolonged conspiracy to drive down the value of gold and thus increase confidence in their
imaginary fiat currency for many, many years. I will try to find the quotes. Governments FEAR the gold standard. It limits their power. If you were a
government and the gold standard limited your spending/power, and you could hoodwink the public into buying into a currency with no tangible source of
value outside from the fact that they SAY it has value, what would you do? When you can create money out of thin air, what is there to stop you from
doing whatever you want to do?
There is so much to say, i don't even know how to say it all....
There are a multitude of fiat currencies that have crumbled since WWII. There are a vast number of economic experts who say that our own fiat currency
will inevitably crumble in the VERY near future. In fact, most say it would have happened by now if not for the bailouts. They would also tell you
that the bailouts weren't designed to actually fix anything; they were designed to allow the elite to squeeze a little bit more wealth out of a system
that they knew was on the verge of collapse.
They also say we are headed for a rapid hyper-inflation. When people become aware that currency is crumbling, they try to spend everything they can to
replace currency with tangible possessions. This, in turn, drives up demand for those possessions, which exacerbates the problem even more. It's a
vicious cycle. If you know your currency is crumbling and everybody is buying everything up, and you need one of something, the natural instinct is to
buy TWO of it, knowing that it may not be there or be affordable much longer. And it snowballs and snowballs....
In the very near future, it is going to get very, very bad. For us, that is, and for the multitude of countries whose assets are tied up in US bonds.
For the rest of the world, it will be a great thing. There will be a total upheaval of global wealth. In the long run, this will be a good thing. In
the short term, for residents of the US, it will be unbelievably terrible. The less money is worth, and the more things cost, the less disposable
income there is. Thus, things such as the following happen: you have to spend what little money you have on food, which is suddenly more expensive.
You no longer have the money necessary to make improvements or repairs to your house, or car, and they slowly crumble and become devalued. You can't
afford your rent. The landlord, due to the lack of rent, likewise cannot afford repairs and such. It just gets worse and worse, each problem feeding
I'm rambling, and as such i've probably made little if any sense.
I urge everybody to go to Youtube and watch a video called The Money Masters, and to track down a documentary called "The End of the Road: How Money
Became Worthless." It will be well worth your time.
(sorry for the novel)
edit on 23-8-2012 by Maroboduus because: (no reason given)
edit on 23-8-2012 by Maroboduus because: