Economic Suicide: Why Easy Money Ends Up Being Worthless Money

How could we ever trust that the issuing of fiat would be limited? Knowing how corrupt politics are now, what human being or groups of human beings could ever be trusted with the awesome and amazing power of being able to endlessly print money?

Even if you take the power away from the fed and give it to the treasury, The government could own everything by end of the day and treasury could even secretly print money for contribution to a presidents reelection campaign.

Money should not be fiat because giving only some groups of people, and not everyone the ability to add money to the system, always result in monetary tyranny.

agree with the points you make, and also the points Snookums make.
I've responded to Snookums' posts often, and she makes sense. In the
Jeffersonian Constitutional democractic principles, the power of We the
People to control both the coining of money, and the printing of currency
to redeem it is absolutely paramount. And for obvious reasons. It's citizens
who create wealth through their work product producing essential goods
& services to serve the needs of other citizens. Thus power to control the
coining of metal money, the paper promisory notes, for convenience, to
redeem it, et al must be under direct public scrutiny at all times even in
the indirect Democracy we have here in the USA. As T.Roosevelt said:
" Any public office is a public trust " So we delegate authority to the H.R.
and the Treasury to representatively act in our behalf as a practical matter.

But in the real world of routine and extreme political corruption, what exists
in principle never exists in practice.To presuppose it ever could is such
long odds, noone would ever cover that bet. It's relegated into the realm
of fairy tale bedtime stories, and the Lord's prayer for Christians who en
vision a utopian worldwhere on earth ithings exist as they do in heaven.

Though that's not how the U.S.Treasury started out, I know from being a
history buff, and coin collector for 50 years, that's how it ends up. The
Copper coated zinc small cents of 2011, are so radicaly different- to the
extreme- from the original U.S. coinage which were Large Coppers with
a Silver 1/2 dime sized coin in the center, of 1791. All you have to do is
research current events for the last 220 years, then trace the downsizing
& devaluation of our coined money because of the abandonment of those
Constitution clauses mandating rarer metals to match the amount of actual
currency printed. Had the U.S.Government been OUR U.S.Government
instead of being owned, boned, and dethroned by the Rothschild's Fed
Trojan Horse whom Woodrow Wilson the putz sold out to in 1913 after
the Banksters greased Congress, we would still have some semblance
of a Jeffersonian democracy instead of a plutocracy by oligarchy. As I've
before described to Snookums, our original Constitutional monentary
system was also based on a system of weights and measures which
served as many of 30 Million Americans well from 1791-1855 because
there was equality between all 3 classes. The Bankster system of flooding
the entire world with FRS notes started in 1965 after the Murder of JFK
aborting the reissuance of blue seal Silver certificate U.S.Treasury notes.

What we're saddled with in 2011 is not only the domination of the FRS
over our entire economy but their debt based Ponzi Scheme monentary
system too benefiting only the Banksters, the M.I.C.,the uberrich majority
shareholders dominating the stock market, (which argueably is another
Ponzi Scheme fueled by the Fed, Goldman Sachs, and inside traders
arbitraging the manipulation and fleecing of unsuspecting Americans),
the mega Corporations dominating all branches of the U.S. in their forced
assilimation of it (and us) by merger. The man takes a drink, then the drink
takes a drink, then the drink takes the man. It's Fraud & Grand Larceny
by means of conversion of our wealth into theirs. Gee where have I heard
THAT before ??? All this clusterfuck has led to the Globalist traitors tide
of deporting American jobs to the 3rd world to enable Americans to trade
places enabling the puppetmasters to make us dependent on Government.
making us dependent on the Banksters since they control the money supply.

I agree with Snookums' and your points. For that I sense America needs
to decentralize & diversify our monentary system. Ie we need to balance
a reformed fiat money system. where we have weekly audits of the Fed
and full transparency so that they don't print $16 Trillion of their counter
feit currency to loan to foreign banks to use, and domestic Corporations
like Golman Sachs to play with-all without authority because it was done
in secrecy thanks to the manipulation of Paulson who masterminded the
2008 financial meltdown/ bank bailout-another covering of casino style
gambling bad debts. We also need to bring back a Constitutionaly money
system of solid Copper and solid Nickle coins of multi dollar denominations,
and U.S. Notes MATCHING the redemption of the coinage.

We also need " commonwealth currency " printed only in the towns, villages,
and cities circulating and backed by the local Governmente who'd accept
it for the payment of local property taxes. Commonwealth currency is NOT
coined money and thus can't be redeemed for it legaly w/o being prosecuted
for Fraud. A State based system of remonentizing Gold & Silver might sound
on it's face UnConstitutional, but it has flown in States like Utah. Since the
U.S. abrogated it's Constitutional duty of producing Silver Certificates in
1965, causing the modern demise of the American world empire, they might
balk, but they also can't wear 2 hats at one time either. Commonwealth
currency is vital because it's been proven that each non $, credit voucher
worth 1 credit builds a value of 2 credits to the collective ie to the common
wealth shared by every particpating member in the community when it
circulates in a decentralized genuine non fraudulent credit system. This
could enable the USA to pull out of it's Great Depression Banksters and
their EZ credit have entraped us into. It's important to build things from the
ground up. Ie from the grassroots level where transparency is facilitated.
Think of it. You wouldn't be working for the benefit of foreign banks anymore
without compensation, and at your own loss. $16 Trillion is all the GDP of
the USA for 16 months. Host nation is right. They're parasites. Whenever
you're money needlessly gets further out than your hometown, it gets
devalued at a ratio directly proportional to the distance it travels outward
from home. The more it's under the control of Washington, D.C., unless
it's fully adminstered directly back to the place where it was taken from, it's
generaly lost because it gets exported to Iraq, Afghanistan, foreign banks
dribbling it to their court's hoop like a game of basketball. That means
foreigners control your money. Once that happens you'll never live long
enough to ever see it your money recovered. As Jackie Gleason used to
say; " it's over, done, finished, completed " meaning it's lost forever.

You make very valid points, and I'd be the first to admit that fiat is far from perfect. However, neither is a gold standard (which would not work all on it's own in our current society, Rothbard be damned), or any other system.

PressCore points out above that a combination of systems is likely the best approach because, with transparency, it would be nearly impossible to corner the market on a national currency issued without debt, freely circulating metals, and all the local community currencies simultaneously.

Getting there will not be easy. We still have a couple more decades of our dying debt-based private fiat and then a painful transition at the point of a gun to a international debt-based fiat to endure. When it becomes clear to the citizens of our country, finally, that our politicians have given away our economic sovereignty outright to private supranational banks, things will change. I have faith.

Your post deserves to be added to the "History" group. ^'d

Thanks. Like they say on the History International channel:
History. We make it every day.

As the writer wryly put it: Humans can always be counted on to do the right thing.
But only after every other means has been so exhausted they give up. In that
sense at least resistence is futile.

Indeed.

Well put. As an aside I have been considering studying numismatic. An interesting field no doubt.

Indeed. There are two concerns with our proposals and both of them are important. If gold and silver were the only money the production could cornered . If the treasury were the sole issuer of currency everything would be owned by the government within a generation and incumbent presidents could buy their re-election. Without out some additional fail safe I couldn't see trusting the treasury with the creation of money even with local currencies running at the same. It would not mitigate the risk that malevolent bureaucrats would end up printing money, exchanging it for the local currency and buying up everything. I would agree the treasury issuing debt-free money is better than the system we have now.

So what is the solution? A digital one perhaps? Or should we expand the base of metals to be considered money? Add Aluminum? Iron? What is shallow and easy enough to extract so that common man could go out in his back yard and with a little work get money, yet scarce enough to make people believe its valuable, and not cause monetary floods and shock waves?

Even a digital currency can be manipulated. Honestly, there is no 'perfect' system.....just, as you point out, better-than-we-have-now.

^'d

Ditto. Double ^ed.

Correction. The Federal Reserve is a PONZI SCHEME, and also a private
foreign owned banking institution.They invaded America by the same m.o.
as the Greeks used when they left a large wooden horse outside the gates
of Troy. (That's also a subtle entendre, by the way, as Troy is the jewler's
measure for Gold, by the grain, the pennyweight, and the Troy 31+ grams Z
instead of the 28.357 in the metric system of measurement ) The New York
Federal Reserve Bank is the only bank holding a depository of Gold in it's
vault. Ostensibly, the San Francisco assay office, may still have one. Dunno.

As for the FDR created Gold depository at Fort Knox, Kentucky guarded by
an Army tank batallion, there hasn't been an A/V audit of that broadcast
since one H.R. Rep viewed it in the 70s. They do house emergency medical
supplies of morphene also for public safety in the event of intercontinental
war. But they likely only house used office machines instead of Gold Bullion
these days with all the collossal Grand Larceny occuring in Government.
$2.3 Trillion " missing " from the DoD's accounts just before the 9/11 false
flag attack to use as a pretext to invade Iraq and Afghanistan. Suuuuuure.

Considering how in Sept.2006 Bagdad Iraq national Bank's Gold depository
was looted overnight after a set up where U.S.A.F. warplanes blasted around it,
then the Army of Engineers cordoned it off as structuraly unsound, that had
to be a combined air & ground heist. It would take an intensely focused
specialized military training program and the heavy duty suspensions of only
military trucks to carry all that extreme heavy weight within 8 hours. That's a
lot of bricks. And they heisted $20 Billion in Bullion by present market
speculation. Gold is twice as dense, thus twice as heavy as lead. Even in
the NYC located Federal Reserve Bank vault where there are jail cells with
the name of each country receiving foreign exchange payments deposited
in Gold into it ( at least under the 1944 Bretton Woods, New Hampshire
agreement & system of transfer). Though the agreement was aborted by
Nixon in 1971, the transfer method should still be the same. Their employees
have to be specialy trained, be provided with special gloves, and metatarsaly
protected foorwear to load the Gold bars. Dropping one would crush all the
bones in one's foot. They load them onto electric golf carts and distribute
it by opening the cells, and redepositing the stacks. It's nothing like the
Clint Eastwood movie Kelly's Heros featured on the military channel lineup.
That's Harryrood.

Good visuals, I agree. But money's not my God(dess), which of course is why I'm poor. Well, that and I've NEVER been paid what I was worth for the work I've done.

By 2020 it will be our toilet paper. Btw I like your quick change artist style
immaging. " Every picture tells a story, don't it ? " Rod Stewart. It reminds me
of the sublimal messages illustrated in that 1989 Roddy Piper movie: " They
Live ! " It was all about aliens taking over our lives disguised as humans.
That would also be a good description of our monentary system since it's
the Constution as charter law which makes the Federal Reserve Act per se
unConstitutional, and therefore as UnAmerican as wetbacks wading the Rio
Grande from Coahuilla. It's one thing to use them as a clearing house to
track and control Banking transactions by check & credit cards. It's quite
radicly another to allow the bastards to print Ponzi Scheme currency and
manipulate all manner of Grand Larcenies to steal us blind for 98 years
by operating in secret without any accountability, then tell us " It's none
of our business " to question their rotten to the core mishandling of our
money supply as they rob us blind with their Prince John attitude: " It
does no good to be kind to your peasants. They will only rob you blind ! "

You realy should check out wbradleyjr's long list of posts by searching under his
member name, and calling up his posts. There are a lot of them, but he posted
an article this month in August 2011 describing in detail how that operation's
blueprint functions. It's very detailed. One of our members once responded
to my comments sending me a link to the Federal Reserve's ownership. It
resembles a schematic to the wiring in a building, but it is accurate, I'm sure.
It shows the links connecting the Rothschilds who've owned the London
major banking houses for centuries, as they have in France and Switzerland.
Their connection to Chase, the Rockefellers. Can't read about a program
properly without knowing all the players.

The Confederate States of America largely issued fiat currency. Though
on the History channel's series Brad Meltzer's Decoded, they did have $$$
Millions in Gold ostensibly from the Dahlonega, Georgia mint which Andrew
Jackson disenfranchised the Cherokee from their native lands to seize some
30 or 40 years earlier. And they had a lot of Mexican Silver pesos too, but
it was hijacked on a train while passing too close to the Union capital near
Washington toward the end of the Civil War. It was only Jesse James whose
caches of Gold & Silver they dug up by dogging his trail. Still, it was rare that
any Southerner ever redeemed his script for the real deal. They had to save
it for the English to pay them to run the Union blockade. So the Southern folks
ate their losses. That's all fiat script currency is. It realy isn't money. And it's
only as good as the survival rate of the Government which honors it. I saw
some French and Belgian currency before that's unredeemable now that
the E.U. has the Euro as it's common fiat currency. I would not put any more
of my resources into FRS notes than I had to to meet my basic bills precisely
because they're devalued to nearly worthless greenbacks.