Posted on 08/02/2005 8:22:11 AM PDT by blueberry12
BTT!!!!!
I agree with pretty much everything except some portions of number 6.
To say this is alarmist nonsense is to keep one's head buried in the sand. Americans need to take back our country from a bloated, centralized, overbearing, wasteful, arrogant, confiscatory (the adjectives could go on and on) federal government. Our government penalizes the productive while rewarding the lazy and ridicules virtue while encouraging license. It is truly out of control.
They call themselves "progressives" now. (actually, that is an old term from Nazi Germany and Communists.)
communism is far from dead. It is closer than you think. The fine line keeping it from becoming the law is the 2nd Amendment.
Watch the mouse trap in the cookie jar. They are counting on sheeple who think like you that will let it happen and then say duhhhhhhhhhhhhh HOW DID IT HAPPEN???
>>>Communism is dead today, and I never got to actually kill one.
CPUSA.org is dead? Great news!
Of course...
If you look at the antics of the demoncraps, it's exactly what they are trying to accomplish.
One could think so, when of the frame of mind to compare our inevitable creep and argument about 'regulation of good intention' to actual oppression. But I have a feeling those who have suffered ~actual~ communism would slap you for suggesting our spoiled, rich country isn't the most livable free country to ever exist on the planet. So it's all relative.
Call me a commie, but I think the Fed is a good thing. Keeping money supply stable is a national security issue and its one of those things I don't mind the government doing.
Actually, the government is not keeping the money supply stable. The Fed is constantly diluting the money supply by printing more money thus driving the value of US dollar down. This is the reason for inflation.
In other words, the money in your pocket shrinks. But the question is where does the value go? It cannot just evaporate. And the answer is it doesn't; it goes back to the Fed.
People think that the amount of money they pay in taxes is what the government takes from them. But actually the government takes much more than the taxes. The people are made poor, and the government is made rich by inflation. A paper currency allows the government to take the people's riches away from them without taxing them!
I wish we would have gold coins in America. In that case, we would not need the Fed. And we would not have inflation either!
I recommend that you read this book: What Has Government Done to Our Money? by Murray N. Rothbard.
The Fed controls the supply of money via reserve ratios, discount rates and notes in the open market. The currency isn't printed out on the whim of the fed, currency is supplied to depository institutions to meet their demand. The real money creation happens at individual banks when loans are made, most of the time people never see the green( especially these days with ACH and such). The Federal Reserve orders new currency from the Bureau of Engraving and Printing to replace dated notes or to fill the request of depository institutions for more cash. The Fed can't introduce more currency into the supply than banks can demand, so I have difficulty believing that the fed is just cranking out cash and flooding the system. In addition , both Keynsian and Supply Side models show that an economy with an increased supply of money (assuming the printing presses just cranking out) would cause demand-pull hyperinflation , something thats been blissfully lacking in my life. I'm a big fan of the fiat system as it currently exists, I was never a fan of standard-based currency as the value was determined by the market of the standard. As long as a fiat system can secure money supply, the value can be maintained. Heck I'm hoping for the day when cash becomes antiquated and no longer used. I hate having cash on me - feel like someone should just put a big "mug me" sign on my back.
But I'll check your book out anyway, I always like diffent perspetives on a topic.
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