Posted on 06/07/2010 9:32:03 AM PDT by Big Bureaucracy
The famous Spanish economist Jesus Huerta de Soto understands socialism very well. He published a book about it where he defines the monster as follows:
We consider that socialism is any system of institutional aggression on the free exercise of human action or entrepreneurship.
De Soto considers any such system to be socialism except of course the one he is advocating… himself.
In his plan for financial reform Jesus Huerta de Soto suggests 5 stages of legislative interventions, bank reforms and inflation shocks that lead to a world system where inflation/deflation and economic crisis will be impossible.
For the socialists it is always the light at the end of the tunnel, the beautiful Utopia land where celestial choirs are singing and the world will be perfect. The grand plan advocated by J.H. de Soto creates a world united under the gold standard and 100% bank reserves.
Like with all socialists the ends which J.H. de Soto and friends want to reach justify the means.
So let’s zoom in and see how exactly the Golden World Utopia will be achieved. First of course socialists have to clearly identify the enemies of the people. Those are the individuals and institutions that stand on the way of the reforms that lead to perfect world (in the case of the socialist economists – perfect financial world).
...the demand deposit and partial reserve banking create a lot of trouble in the financial world. J.H. de Soto believes the contracts creating demand deposits should be outlawed:
In fact if third parties suffer harm as a result of such a contract, the contract is illegitimate, null, and void, because it disrupts the public order.
There you go. If you have or ever had a checking account you are disrupting public order.
(Excerpt) Read more at bigbureaucracy.com ...
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For most of human history there has been a gold standard and there was virtually no socialism.
It is wrong to equate sound banking and a gold standard to socialism. It just ain’t so
We have been off the gold standard for a mere 30 years.
And since, the moral hazard of cheap money has put us in the position we find ourselves in today!
I respect gold. I would like the gold standard restored and I am for 100% reserve. However the way de Soto is proposing this to be achieved is spooky - in my opinion.
Also the particular plan is in the “sustainable development” end game like the Maurice Strong and their Earth buddies advocate. Check out - solidarity oeconomy - one world - one currency - local governments have no control over people.
It is masked as free market - but the end game is global socialism.
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Here’s our earlier thread on his earlier article: http://www.freerepublic.com/focus/f-bloggers/2529433/posts
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oops sorry about that, I posted to the wrong thread
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