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Forum Post: Competing Currencies the Answer to Monetary Mischief?

Posted 11 years ago on Aug. 7, 2012, 3:41 p.m. EST by john23 (-272)
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Filling up my car yesterday morning, it was a small shock to see the $67 end result. The surprise was only small mainly because expensive gasoline has been the norm since at least 2004.

Importantly, and as readers of this column know well, there’s nothing about gasoline that’s presently expensive. Measured in the constant that is gold, gasoline (leaving out the various taxes imposed by cities, states and the feds) is pretty much the same price as it was in 1971 when President Nixon committed the ghastly error of unhinging the dollar from gold........continued:




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[-] 1 points by kaiserw (211) 11 years ago

Here's another good piece on the same subject that came out today:

“This story is the ultimate example of American’s biggest political problem. We no longer have the attention span to deal with any twenty-first century crisis. We live in an economy that is immensely complex and we are completely at the mercy of the small group of people who understand it – who incidentally often happen to be the same people who built these wildly complex economic systems. We have to trust these people to do the right thing, but we can’t, because, well, they’re scum. Which is kind of a big problem, when you think about it.” - Matt Taibbi – Griftopia


[-] 1 points by kaiserw (211) 11 years ago

Yes, Banks currently have a monopoly on the use of capital, to the determent of all people in the world: Fiat money: http://www.youtube.com/watch?v=OxHgvcn5JJg

We need democracy of money rather than tyranny dollars: http://www.youtube.com/watch?v=RvL_Dm2d99A

We will get there. Gresham's law is fully under way, and just like in france before the revolution, the bad money is driving out the good (seen a cash for gold store today?), which inevitably ends in currency collapse, and a reset. We can compel government to voluntarily abandon this path we're on, and allow other currencies to be used in parallel (bitcoin, gold, silver, US Dollars, etc, or we can crash the system a la Wiemar). That's the choice.

[-] -1 points by john23 (-272) 11 years ago

Awesome video's....had seen the first...but hadn't seen the second...going to make a post on that.

[-] 1 points by kaiserw (211) 11 years ago

Cool, glad to get you a new one to use. Have you seen debt bomb by Frisby? It's absolutely BRILLIANT: