Comments on: Scary: Legislators want states to print their own money

By: Shenonymous

Shenonymous — Sat, 25 May 2013 23:07:00 +0000

In reply to Jeremy.

Yeowie Kazowie, for a post I made two years ago! Fantastico! Way….elll socialism does seem to work well in the Scandinavian countries, particularly Sweden. It is not strictly communistic! It is economically socialistic, egalitarian politically. Some collectivist banks in America are thriving and credit unions based on a membership ownership are really the best.

There are several websites that explain what happened to the stimulus if you google Where did the 2008-2010 U.S. Stimulus go? The webaddress is way too long to print here.

Your question about OWS is a good one. It was a movement but it didn’t really make any huge difference with the Wall Street vulture culture, but it did wake the country up that mass movements can happen. Occupy was not organized well enough and too naive and didn’t really understand the dynamics of mass movements. Eric Hoffer’s “True Believer” is the seminal revelation of that kind of human collective action. I think every American ought to read it particularly Chapter 14. See for yourself. But if you want some excerpts, check out http://www.fourthwaycult.net/truebeliever.html

It is a worthy book to read and reread 10 times if not more.

By: Jeremy

Jeremy — Sat, 25 May 2013 18:48:00 +0000

In reply to Shenonymous. Collectivism doesn't have a very illustrious history. Where did the stimulus money go? Are we not in an environment where the rich are taking advantage and exploiting the less privileged?-What was Occupy Wall street about?

By: Jeremy

Jeremy — Sat, 25 May 2013 18:42:00 +0000

In reply to Cooolll1. Backing a currency with a commodity only makes it vulnerable to the interests who own enough of that commodity. Why do commodities need to be involved?

By: Cooolll1

Cooolll1 — Sat, 09 Feb 2013 22:07:00 +0000

As long as currency is backed by Gold or Silver it a great idea.When we went off Gold standard is when the feds had freedom to do as they please and congress had freedom to spend money to buy votes.After all we can always print more right.But Gold and silver standard wont allow you to print more than the amount os gold you have in the treasury.Our money is worthless now.The feds stole all the Gold robbed the american people thru inflation and taxes.But hey its all bushes fault.

By: sebastian

sebastian — Sun, 09 Sep 2012 03:07:00 +0000

if indeed it is the role of the federal govt to print money, then why is it printed by the federal reserve, which by the way is not a part of the federal government. it is undeniably a private banking institution that loans OUR government the money + interest due on the loan. practically 1/4 of your anual income pays that interest due to that private bank via your fed income tax. eliminating the fed reserve would eliminate the need to pay that tax. thats quite a savings and an insentive to try to find an alternative. oh, one other thing, fed income tax is not even a legal tax. it was never legally made a law that you have to pay it. it would have had to been ratified by 3/4 of the states to become a law, which it wasnt. in other words, there is not a law that states you must pay fed income tax. look it up.

By: Shenonymous

Shenonymous — Mon, 14 Nov 2011 14:43:00 +0000

Frankly, I don’t find socialist ideas repugnant but on the contrary useful for large disparate populations to achieve equality in an environment where the rich take advantage, exploit, the less privileged. While I think communism is not feasible nor desirable, it does not hold the stigma it once had. Marx is constantly being referenced by all economists and sociologists who contemplate the failing economics of large nations. The government will do what it needs to do to stop financial disaster which it did with the stimulus, to whatever degree it did, whether or not it was enough.

By: Tornadotom4201

Tornadotom4201 — Mon, 14 Nov 2011 07:08:00 +0000

The reason the states are introducing competing currencies is because they’re tired of being robbed through the inflation tax by the federal reserve and u.s. government. The federal reserve is a socialist idea. It’s on the 5th plank of the communist manifesto. They continually devalue the U.S. dollar through inflation by simply printing more since 1971. Every FIAT/paper currency has failed in history, the dollar will be next during this decade.

By: Shenonymous

Shenonymous — Sat, 01 Oct 2011 15:19:00 +0000

Thank you for this article. It help put things in perspective. Have any of these states actually passed legislation to mint their own money? Seems to me there is a logic to having legal tender that is exchangeable for the very same reason money or coinage was invented in ancient times in the first place. To make commerce easier. With the population of the world exponentially larger than it was then, there is not enough precious metal to coin enough wealth for citizens to use and unless money was created in precious metals it would not be exchangeable between states and would even be chaotic for businesses at the local level. It sounds like another Ron Paul insanity to me. I think creating local money would be disastrous.