Originally Posted by
JohnMc82
The funniest part of you and MMT is that you fail to see what is standing in your way. Ron Paul is right about the diagnostic: The Federal Reserve has stripped financial and monetary power from the collective people and monopolized it for the benefit of a few.
Like Marx though, Ron Paul sees the problem and misses the solution. Were we to get rid of the Federal Reserve system we would probably be better served by retiring the myth that governments must borrow to spend, establishing a similar network of member-owned credit unions, and aggressively employing monetary sovereignty to put cash on citizens' pockets and build 21st century transportation systems. Maybe a new orbital base... yeaahhh...
But yeah. It won't happen. The U.S. isn't monetarily sovereign in a practical way. And the banking institutions who do control it aren't going to give it up because of the domestic and international advantages they personally receive from artificial scarcity in the world's reserve currency.
Hmmmm... Well yes, the FED is quite like , say polonium-210 a product of the modern age. However, there is a solution.
To take the polonium-210 analogy as an example. It has a known half life and you can shied yourself from its effects with a heavy metal, lead.
Likewise, dollars also have something similar. Their purchasing power also has a series of half lives, X. While polonium-210's half life is known, the dollar's purchasing power varies. However, you can shield yourself from the ill effects of purchasing power decay with the heavy metals, gold and silver.
HTH- Rags.
MBTI step II type : Expressive INTP
There's an annual contest at Bond University, Australia, calling for the most appropriate definition of a contemporary term:
The winning student wrote:
"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of shit by the clean end."