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DWCAP.
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March 11, 2009 at 12:25 AM #364387March 11, 2009 at 6:24 AM #363798
4plexowner
ParticipantI’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?
March 11, 2009 at 6:24 AM #3640864plexowner
ParticipantI’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?
March 11, 2009 at 6:24 AM #3642444plexowner
ParticipantI’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?
March 11, 2009 at 6:24 AM #3642794plexowner
ParticipantI’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?
March 11, 2009 at 6:24 AM #3643924plexowner
ParticipantI’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?
March 11, 2009 at 8:24 AM #363803blahblahblah
ParticipantYou’re right 4plex, but unfortunately very few will ever be able to understand that fact. And that’s why the game works so well.
Never forget that the average IQ is 100. The bankers certainly won’t.
March 11, 2009 at 8:24 AM #364091blahblahblah
ParticipantYou’re right 4plex, but unfortunately very few will ever be able to understand that fact. And that’s why the game works so well.
Never forget that the average IQ is 100. The bankers certainly won’t.
March 11, 2009 at 8:24 AM #364249blahblahblah
ParticipantYou’re right 4plex, but unfortunately very few will ever be able to understand that fact. And that’s why the game works so well.
Never forget that the average IQ is 100. The bankers certainly won’t.
March 11, 2009 at 8:24 AM #364284blahblahblah
ParticipantYou’re right 4plex, but unfortunately very few will ever be able to understand that fact. And that’s why the game works so well.
Never forget that the average IQ is 100. The bankers certainly won’t.
March 11, 2009 at 8:24 AM #364397blahblahblah
ParticipantYou’re right 4plex, but unfortunately very few will ever be able to understand that fact. And that’s why the game works so well.
Never forget that the average IQ is 100. The bankers certainly won’t.
March 11, 2009 at 8:52 AM #363823SDEngineer
Participant[quote=4plexowner]I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?[/quote]
At it’s heart, any form of money is a fiat monetary system. Tying it to a commodity (like the gold standard) simply means that it inflates or deflates against the perceived value of that particular commodity, rather than the productivity of the nation as a whole (which I would think would be more stable than the perceived value of a single commodity). Certainly being on the gold standard wasn’t able to prevent the Great Depression, the bank runs in the early 1800’s, or any other historical serious depression/recession.
March 11, 2009 at 8:52 AM #364111SDEngineer
Participant[quote=4plexowner]I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?[/quote]
At it’s heart, any form of money is a fiat monetary system. Tying it to a commodity (like the gold standard) simply means that it inflates or deflates against the perceived value of that particular commodity, rather than the productivity of the nation as a whole (which I would think would be more stable than the perceived value of a single commodity). Certainly being on the gold standard wasn’t able to prevent the Great Depression, the bank runs in the early 1800’s, or any other historical serious depression/recession.
March 11, 2009 at 8:52 AM #364269SDEngineer
Participant[quote=4plexowner]I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?[/quote]
At it’s heart, any form of money is a fiat monetary system. Tying it to a commodity (like the gold standard) simply means that it inflates or deflates against the perceived value of that particular commodity, rather than the productivity of the nation as a whole (which I would think would be more stable than the perceived value of a single commodity). Certainly being on the gold standard wasn’t able to prevent the Great Depression, the bank runs in the early 1800’s, or any other historical serious depression/recession.
March 11, 2009 at 8:52 AM #364304SDEngineer
Participant[quote=4plexowner]I’m probably over-simplifying things but I don’t see how we can have a healthy economy that is founded on a fraudulent monetary system
we spend lots of time arguing about free markets, etc but almost never discuss the foundation upon which these markets are based
that foundation, our fiat monetary system, is at best a confidence game and at worst, outright fraud
how can we as citizens / business people make economic decisions effectively when the value of our currency is controlled by the whims of bankers and politicians?[/quote]
At it’s heart, any form of money is a fiat monetary system. Tying it to a commodity (like the gold standard) simply means that it inflates or deflates against the perceived value of that particular commodity, rather than the productivity of the nation as a whole (which I would think would be more stable than the perceived value of a single commodity). Certainly being on the gold standard wasn’t able to prevent the Great Depression, the bank runs in the early 1800’s, or any other historical serious depression/recession.
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