We The People / Aaron Russo video

[CNHT]

Ah, so now interest on loans is up for grabs with your scheme of spreading the wealth.

Whaddya expect Alan, he's a Democrat.   

[FrankChodorov]

This has nothing to do with land owners WHATSOEVER!

it is fundametally the same issue...

government granted privilege allows the natural commons (land) and social commons (currency) to be enclosed and then be able to privatize what is socially created values where they contibute no labor:

1. the return on land is the socially created value called "economic rent"
2. the return on money is the socially created value called "interest"

this shifts costs (negative externalities) onto society violating our absolute rights to the fruits of our labor and thus our right of self-ownership.

Ah, so now interest on loans is up for grabs with your scheme of spreading the wealth.

wealth requires the expenditure of labor...where is the labor involved in the creation of this interest that you are mistakenly calling wealth?

I don't believe currency is a commodity but rather a social construct that is part of the social commons that we have an inalienable, indivdual equal access right to...

I prefer that currency be issued or spent into circulation via the government rather than loaned into circulation via private bankers.

Because the government is supposed to be the only one to issue the money, not give the job to bankers

apparently Jane agrees with me...

[Kat Kanning]

I thought you'd put the troll on ignore?

[CNHT]

I prefer that currency be issued or spent into circulation via the government rather than loaned into circulation via private bankers.

Because the government is supposed to be the only one to issue the money, not give the job to bankers

apparently Jane agrees with me...

I don't believe currency is a commodity but rather a social construct that is part of the social commons that we have an inalienable, indivdual equal access right to...

BUT I DO NOT AGREE WITH THAT...equal access? You mean if I sit on my butt I should have just as much money as someone who works 14 hrs/day???

[CNHT]

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Thomas Jefferson

THANK YOU, law, for quoting that line. That explains it all, but apparently not to Frank. Hit his Karma folks.

[CNHT]

I thought you'd put the troll on ignore?

I had, but I was curious to see what socialistic stuff he'd be spewing on this subject, so I turned him on again. But he's going off now...

[AlanM]

Well, Frank, or Hankster, or whatever you choose for your constantly changing username, you have shown your true colors. I would never wish to live in a society of your design. It is one of enslavement to everyone around me.

[FrankChodorov]

BUT I DO NOT AGREE WITH THAT...equal access? You mean if I sit on my butt I should have just as much money as someone who works 14 hrs/day???

do you agree that government should create the money or it is a private commodity?

I said the money should be issued or spent into existence but never said how or how much...

when someone expends labor for someone else they voluntarily exchange a good or service for money - taxing that effort is theft.

a person sitting on their butt expends no labor to exchange for money...

[FrankChodorov]

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Thomas Jefferson

THANK YOU, law, for quoting that line. That explains it all, but apparently not to Frank.

so we do agree that the government should create the money and cut out the private bankers...

how do you propose then that the money get into circulation?

[FrankChodorov]

It is one of enslavement to everyone around me.

how so Alan?

I apparently agree with Jane and think we are being enslaved by the private bankers via their privatizing essentially socially created value (interest) without expending any labor which robs us of our labor products.

[FrankChodorov]

"The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power."

Abraham Lincoln

[FrankChodorov]

so we do agree that the government should create the money and cut out the private bankers...

I don't agree with this. IMO, people who mine and refine gold and silver should create the money.

how do you propose then that the money get into circulation?

Judging by the increasing popularity of holding and using these two metals, getting the money into circulation shouldn't be a big problem.

gold and silver are part of the natural commons that pre-exist human labor

money as a medium of exchange is not a private commodity but rather a pure social construct (part of the social commons)

[FrankChodorov]

Abraham Lincoln? Bleck!

this is the quote that Aaron Russo used in his movie...

[FrankChodorov]

this is the quote that Aaron Russo used in his movie...

I don't have a huge problem with the government simply operating a mint, but in this day and age it really isn't necessary.

Abraham Lincoln issued a 100% pure fiat scrip (paper money) called the greenback.

this is how the private bankers expressed their view in the London Times about the greenback..

"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."

[FrankChodorov]

The human mind is powerful enough to create anything, including more gold and silver.

really - a free lunch?

how so?