Strawman. I never said that. Communism is wicked. Socialism is wicked. Honest money is good and what is prescribed by our Constitution. I for one don't see the problem as being with one individual or group of individuals. The problem has taken on a life of its own and everyone is involved, myself included. I'm aware of how dependent I am on this system. Most people are not.
You have me pegged, just as I have you pegged.
If I'm a crank then so was Roger Sherman who gave us Article 1, Section 10, Clause 1; and so were many others who considered themselves not friends of paper money.
How do you figure that a Federal Reserve note has to be paid back with interest?
Understand, in addition to FRNs, I'm speaking of all that is considered modern dollars including what is in your bank account (bits in the computer that represent your balance). You know how some people have credit cards and pay off their balance every month. You also know others have credit cards and far from paying off their balance, they acquire new debt and/or roll over the existing debt. It gets to the point that almost all their income is dedicated to servicing their debt. The fact that they choose to roll it over does not mean the debt does not exist. Our nation is now the latter kind of debtor. We as a nation roll over old debt and borrow to pay the interest service. Am I wrong about this too? If so, then explain where the national debt comes from: years of deficits and debt rolled over. We have a debt, it must be comprised of something, that something would be dollars, wouldn't it? Not being swiss francs, not being tobacco or wampum. What else would it be? Why would you not think the national debt is denominated in dollars to include FRNs, with some obligation or pressure to pay them back, even if we are choosing to roll it over instead? Do you think we get to use them for free?
Do you get a monthly bill charging you for the cash in your wallet?
Would it matter if I did? Some have suggested moving the April IRS deadline to November when people vote so that they can think about taxes when they are voting. Also the idea was put forward to eliminate withholding, so people would have to write a check. Unfortunately, if I am charged for the cash in my wallet, it is not an individual charge like my cable bill. The fees are taken out of that large mass of cash that goes through the IRS, as will be the UN taxes that are on the way. This is how unaccountable UN bureaucrats will be able to tax us and we won't be able to refuse by not paying some bill when it arrives in the mail. And this is appropriate. Since we are using private bank money for currency as a nation, it is only appropriate that we pay for it at the national level rather than an individual level. Otherwise, I did pay monthly for money I borrowed as an individual to buy an house.
How do you figure a Federal Reserve note is debt?
I thought I had already explained that. By virtue of the fact that they are not natural. Silver is natural and can be made into money and used as money. You don't have to pay it back to the Earth once it is removed. Even in the case of the US Note, it is the silver that is the money, and the Note is a lightweight symbol for the money. Even though the US Note is not natural, it is an accepted representative, a receipt, for something that is.
What is the FRN a symbol for? Not silver money. It is self referential. An FRN is an FRN and it is defined only by what you can do with it: buy stuff and pay taxes. It is no more than a piece of paper with some green ink, a certificate, which is recognized to fulfill a few legal purposes. They cannot be found naturally in the Earth, they are an invention of man. They are not given away. If they are tell me where from so I can get some for me! If they were given away, there would be no point in having a national debt which by definition implies and makes me figure that they, along with money that exists in the computer, must either be paid back, or the loan rolled over ad infinitum.
I'm watching your next questions, if there are any, to see if there are strawmen, or questions that ask what I have already answered, or are red herrings meant to expose anti-semitic tendencies on my part; I assure you I have none, and wish to discuss only the merits of debt freedom over indebtedness. And I'd honor questions that serve the debate, but not questions that waste my time and lower the tone of the discussion, such as the greenspan one.
Thanks.
We're talking about money and the Fed. You brought into the argument public schools, unwed mothers and Kelo. If only we still had gold and silver backed money we would be living in a utopia. LOL.
If I'm a crank then so was Roger Sherman
You and your gold bug, the Federal Reserve is stealing our precious bodily fluid buddies are the cranks. Leave Roger Sherman out of it.
Understand, in addition to FRNs, I'm speaking of all that is considered modern dollars
Topic change, nice try.
Would it matter if I did?
So, that's a no.
Silver is natural and can be made into money and used as money.You don't have to pay it back to the Earth once it is removed.
Paper is natural and can be made into money and used as money. You don't have to pay a FRN back to the Fed once it's issued.
I'm watching your next questions, if there are any, to see if there are strawmen, or questions that ask what I have already answered, or are red herrings meant to expose anti-semitic tendencies on my part;
I guess it is nice to meet a crank who isn't anti-semitic for a change.
So, the fact that the Fed gives its evil profits back to the Treasury and not to some evil cabal of bankers doesn't eliminate the rationale behind your preference for US notes?
Sounds like you're saying that most of America's income is going to service debt. Actually, debt service is falling as percentage of revenue on the federal level, just as assets are increasing faster than liabilities on the private level.
You won't hear it from the MSM, but the US is really a lot more solvent than America-bashers are willing to admit.