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Forum Post: Creating Money

Posted 2 years ago on Feb. 13, 2012, 8:17 p.m. EST by asauti (-113) from Port Orchard, WA
This content is user submitted and not an official statement

The U.S. government already has the ability to print all the money it needs.

Why then would they need to tax "the people" on the fruits of their labor to get even more?

24 Comments

24 Comments


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[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

"Paper is poverty... It is not money, but the ghost of money."

-TJ-

[-] 1 points by 666isMONEY (348) 2 years ago

i think the original intent of the founding fathers was to charge tariffs on foreign goods to raise money

printing money leads to inflation

printing "666isMONEY" on your $$$ leads to eliminating money

http://666ismoney.com/MoneyQuotes.html

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

Yes, until 1913, the federal government did not tax people on the fruits of their labor.

They primarily raised money by Import and Export tariffs.

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

That's ironic - It's the same year that the Federal Reserve was born. Must be a connection.

[-] 1 points by bigbangbilly (594) 2 years ago

That would cause inflation and reduce the value of money

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

True. Increasing the supply of money causes inflation.

However, the real answer is more complex.

This two-part post explains more: http://occupywallst.org/forum/printing-presses/

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[-] 0 points by Revolutionary (274) 2 years ago

printing money means stealing resources that is goods and services (without anybody seeing that).suppose you buy an apple this year for one dollar next year you will have to buy the same for two dollars or so in case money is not scavenged from the people(system).That way government need not print higher and higher denominations every year.That means in short that a government is a parasite on people.Government of present day type must be abolished.

[-] 3 points by richardkentgates (3269) from Fort Walton Beach, FL 2 years ago

You critique the fed and reach to use this as reason to do something about the gov. The gov doesn't print money. Serious solutions can only come from informed persons.

[-] 1 points by Revolutionary (274) 2 years ago

Ok in USA Fed. prints money that means Fed steals resources from the people.Further the government or some BODY regulates inflation only to check prices in order to save themselves from printing higher denominations.Nothing is meant to benefit people.

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[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

The question is then: How can it be done without "blood"?

Collectively, we must reclaim our monetary system.

[-] 1 points by Revolutionary (274) 2 years ago

We cannot get rid of it without blood but our blood must get results not get wasted because of foolish planning and work.

[-] 1 points by FriendlyObserverB (1871) 2 years ago

Do you have an answer ?

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

On a grand scale, for "the people"? No, I do not yet have an answer. I believe men have been trying to answer this question for many, many years. And we should thank them for their wisdom in alerting us to the dangers of the system that we are now so entrenched in.

I suppose I would say that EDUCATION is part of "the answer". And on here, we are doing that for those that do not already understand.

I might also say that "resistance" should or could start with "the individual". Within myself, I do have the power to resist use of "the paper dollar". However, it is a very challenging endeavor.

[-] 1 points by FriendlyObserverB (1871) 2 years ago

The current tax system does put the cart before the horse. They need to collect taxes to create jobs , but they need jobs to collect taxes .. !

As you wrote , " they already have the ability to print all the money they need ." Money is an infinite number, it is our resources and labor that are not unlimited, but yet we put a limit on our ability to print money .

I do have a solution for this, it is called an " hour-coin "

The hour coin can be printed without limit for all labor costs, and to prevent inflation the hour-coin expires, becomes void when spent. It's an hour credit for an hour work. it's universal globally, and creates the ability to supply unlimited opportunity. It is paid equally on all training and work related labor, physical or mental. The hour-coin would change the world as we know it. The pressure of debt or worries of job security would become non existent. But it comes with price .. equal pay.

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

Right now, my "personal resistance" is to turn my paper dollars into tangible assets. One of the tangible assets that I trade in my paper dollars for is precious metals like gold and silver. I also invest in property. Property is one of the best long-term tangible assets one can have.

[-] 1 points by FriendlyObserverB (1871) 2 years ago

you need to overcome individualism and concentrate on unity.

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

We need to come together in unity to resist "the paper dollar". I am doing my part, for as much as I can. How are you doing your part to resist our system of fiat currency?

[-] 1 points by FriendlyObserverB (1871) 2 years ago

what is " fiat currency " ?

The hour-coin is backed by labor value.

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[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

Does anybody know the real answer to this question?

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

I've started to read their article and want to point out one thing, so far:

They write: "The Federal government is the monopoly supplier of currency, but maintains only a loose monopoly as opposed to a coercive monopoly (ie, citizens can always choose to eliminate the currency unit as the monopoly is not without competition and is not based on tyrannical enforcement)."

The system they describe is NOT currently how the U.S. is. Why? We have Legal Tender laws in place that make it unlawful to "create your own form of money". Therefore, a person is not able to "eliminate the U.S. dollar" or "compete with it".

Although, there is some great news. Utah and Washington are at least two states that are attempting to write their own Legal Tender laws.

[-] 1 points by shoozTroll (17632) 2 years ago

To truly understand the system will take some serious reading.

I like that it is neither Keynesian, nor Austrian.

Both of which, I feel have been failures.

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

Have you watched the movie "Money As Debt" on YouTube?

http://www.youtube.com/watch?v=Dc3sKwwAaCU

Great movie. You'll probably never forget the lessons it teaches.

[-] 1 points by shoozTroll (17632) 2 years ago

I've seen a few of them.

Give MMT some time to sink in. It's a very different economic model.