The Mandrake Mechanism & Banking Reform

[urbanrealtor]

[quote=Bryan]Greek while you’re finding out how Panama fared without a central bank, no FDIC, and no currency of their own, check out the Swiss franc which was backed by gold until very recently.

The free market gave us Americans the high standard of living which some Chinese citizens are just now starting to enjoy, something that eluded the planners for decades.
Those genius Chinese government planners have just discovered
how to create wealth and raise the standard of living:
Just get out of the way.
[/quote]

Uh no.
Have you known anyone trying to do business there now?

Getting out of the way is a pretty creative take on their policies.

[jficquette]

Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John

[jficquette]

Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John

[jficquette]

Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John

[jficquette]

Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John

[jficquette]

Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John

[urbanrealtor]

[quote=jficquette]Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John[/quote]
Please elaborate.

[urbanrealtor]

[quote=jficquette]Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John[/quote]
Please elaborate.

[urbanrealtor]

[quote=jficquette]Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John[/quote]
Please elaborate.

[urbanrealtor]

[quote=jficquette]Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John[/quote]
Please elaborate.

[urbanrealtor]

[quote=jficquette]Wealth can not be built without credit expanding.

If you base the amount of money available on gold so that credit growth is based on Gold then you limit how fast you can expand credit since Gold would have to be acquired to support the debt.

All currencies are fiat now. Its doesn’t matter if it is fiat because its the governments that have been so reckless over the last 50 years spending it. Our spending is out of control due to the leaders we have elected not on the currency.

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

John[/quote]
Please elaborate.

[barnaby33]

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

It would also never have a large military or be able to fight wars of any size, or build massive infrastructure. On the one hand it would dramatically shrink GDP and encourage savings, which we need. It would also help conserve the environment. On the other hand since we have such a large debt, don’t you think that shrinking GDP which as a corollary shrinks tax revenues, we’d be slitting our own throats?

I know this post is a bit derivative, maybe jficquette can open a new thread to discuss?

[barnaby33]

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

It would also never have a large military or be able to fight wars of any size, or build massive infrastructure. On the one hand it would dramatically shrink GDP and encourage savings, which we need. It would also help conserve the environment. On the other hand since we have such a large debt, don’t you think that shrinking GDP which as a corollary shrinks tax revenues, we’d be slitting our own throats?

I know this post is a bit derivative, maybe jficquette can open a new thread to discuss?

[barnaby33]

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

It would also never have a large military or be able to fight wars of any size, or build massive infrastructure. On the one hand it would dramatically shrink GDP and encourage savings, which we need. It would also help conserve the environment. On the other hand since we have such a large debt, don’t you think that shrinking GDP which as a corollary shrinks tax revenues, we’d be slitting our own throats?

I know this post is a bit derivative, maybe jficquette can open a new thread to discuss?

[barnaby33]

A country with a flat tax or a consumption tax and a constitutional amendment to require a balanced budget would do great with fiat money.

It would also never have a large military or be able to fight wars of any size, or build massive infrastructure. On the one hand it would dramatically shrink GDP and encourage savings, which we need. It would also help conserve the environment. On the other hand since we have such a large debt, don’t you think that shrinking GDP which as a corollary shrinks tax revenues, we’d be slitting our own throats?

I know this post is a bit derivative, maybe jficquette can open a new thread to discuss?

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