The After-the-Fed Solutions Debate Begins: Greenbackers vs. Goldbugs

http://www.infowars.com/the-after-the-fed-solutions-debate-begins-greenbackers-vs-goldbugs/


KillTheEmpire.blogspot.com Reply:
October 13th, 2010 at 9:28 am
Is that Ellen’s quote? Or someone else’s she’s quoting? Regardless, in order to have this alleged command economy the American people would have to elect someone dictator! Under our system we can control congress through the election process. This whole argument is baseless and ridiculous at best.
The German people were duped, and suffering from an economic war coming from London. To even compare the two is intellectually dishonest. Nor does it in any remote sense justify a gold and or silver standard. What you quoted only serves to demonize the idea of issuing debt-free treasury notes, and does not address the actual debate. Most importantly, who ever Ellen is, who I do not rely on for my own ideas, because I formulate my own based on my own research, doesn’t lend you any credibility in arguing for a gold and or silver standard.



KillTheEmpire.blogspot.com Reply:
October 13th, 2010 at 9:48 am
Gary North and Ellen Brown do not set the confines of this debate. I don’t even know who either of them are, nor do I rely upon them for my arguments.
You justification for having a gold standard is based on the notion government cannot be trusted. Okay, makes sense, but how do you stop such an untrustworthy government from steeling your gold? It’s happened before, and it can happen again!
The problem isn’t the government. It’s us thinking government will force itself to follow the law. We have to force them!
This is why we’ve gotten in this mess to begin with. Our constitution is a body of law designed to govern the government. We the People are supposed to enforce it. Our rights come from our Creator, not government. We are not party to the constitution, and even the Supreme Court has ruled, cannot use the constitution to defend ourselves. The constitution is what restricts government from violating your rights, or using our currency system against us. However, if we falsely believe a piece of paper can enforce itself, then we end up with the problems we have today.
It’s not about faith in government or gold. It’s about YOU, me, and everyone else doing the right thing, because it’s the right thing, and resisting tyrants at every opportunity. The amount of tyranny you live under is what you put up with. So educate your fellow man, and change it!
People tend to think of money as value. Money is not the value in an economy. The physical economy itself is the value. Money is only a means of exchange used to make barter convenient. If you want to increase the value of your physical economy you must increase knowledge of the people. Knowledge is the key to increasing production, increasing discovery, creativity, making technological advancements, producing more in a given amount of time, etc, etc.
YOU are the real wealth.



gliberty Says:
October 13th, 2010 at 9:13 am
Good article. As someone above was alluding to, Web of Debt talks about the fiat money representing ACTUAL receipts for labor. This is also something the goldbugs neglect to handle. I agree with the author’s conclusion that you can always redeem the Greenbacks in gold or silver, but it is nonsense to suggest that the only way to barter between private parties is through the use of a “valueable” asset like gold, of which neither party has a stake in obtaining for themselves. That clearly leaves the door open for hoarding by the ultra-rich.

KillTheEmpire.blogspot.com Reply:
October 13th, 2010 at 9:38 am
I agree with you Aszabo that you cannot back a currency with labor. However, I don’t think we need to back our currency with anything at all.
From one of my earlier comments:
People tend to think of money as value. Money is not the value in an economy. The physical economy itself is the value. Money is only a means of exchange used to make barter convenient. If you want to increase the value of your physical economy you must increase knowledge of the people. Knowledge is the key to increasing production, increasing discovery, creativity, making technological advancements, producing more in a given amount of time, etc, etc.
YOU are the real wealth.
Also, the idea of a managed economy requires tyranny to function. If anyone under a managed economic system trades on a black market they threaten the stability of the managed economy itself. Thus, in order to protect the system the government must spy, must control, and must own everything! Therefore, you end up with a tyrannical government by default.


theredpillradio.com Says:
October 13th, 2010 at 10:18 am
A gold backed system is what put the banksters in power in the first place.
The following all happened while the US was on a gold standard.
1. JP Morgan engineered the 1907 panic to con the People into the
need for the Federal Reserve Act in 1913.
2. The banksters received interest on gold they did not possesss
thru the fractional reserve system.
3. The banksters engineered the Great Depression.
Franklin and Lincoln created INTEREST FREE script which
was successful until the banksters counterfeited it and
targeted it in a currency attack.
The BANKSTERS WANT INTEREST (usury) on money which
they don’t possess. The usury is what enslaves us and sets
up the debt Ponzi. This occurs on gold, and Federal Reserve notes.
Interest free, ORGANIC, SOVEREIGN, currency is what will free
us from bankster control. It is the ONLY program which the People
will be able to control the quantity and circulation.
The People have little gold and would have to borrow it from the
parasitic USURER.
Do what Franklin and Lincoln did with great success!
Go Greenbackers!




uprising Reply:
October 13th, 2010 at 7:20 am
absolutely true !!!
theres NOTHING WRONG WITH MONEY BACKED BY LABOR ALONE !!!
GOLD IS ONLY as valuable as the work (mining) needed to accumulate it – believe me there plenty gold in this earth ! – now having said that CURRENTLY gold is yout best store of value after food, safety and shelter.
but the problem of course is – governbment should never be ALLOWED to go into debt in the first place !!!
no one should have the ability to print more money than the labor and goods backing it (in this case the US economy as a whole)
Secret of OZ and money masters is BRILLIANT – give those guys a chance and they will restor monetary integrity