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Forum Post: How to fight the federal reserve

Posted 3 years ago on Nov. 27, 2011, 4:29 p.m. EST by ronimacarroni (1089)
This content is user submitted and not an official statement

Make your own currency.

Simple.

I'd promote bitcoins, but they seem kind of shady.

14 Comments

14 Comments


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[-] 2 points by Rico (3027) 3 years ago

Stop borrowing money. The practice of 'fractional lending' doesn't mean a thing if Americans simply refuse to buy the 'product'; loans. See http://occupywallst.org/forum/the-power-of-the-people/

Recognize that all forms of money, particularly that used as the international reserve currency ( Google Bretton Woods ) needs to be backed by something if it is to be trusted as a currency. The dollar is backed by the full faith and creidt of the US Government which has the ability to tax. I'm not sure what BitCoin is backed by. It may do well when times are good, but it lacks sufficient backing to mean anything when times are bad.

[-] 1 points by devilliers123 (18) 3 years ago

The solution to all of this is to stop spending money.

May seem ridiculous but make Frugalism an Artform

Practice will make perfect.

Refine the skills

Lean towards Subsistence

And then screw 'em all.

Who needs to be a slave to the system

When there are no slaves, there is no system

QED

[-] 1 points by Rico (3027) 3 years ago

Right. We could all become Amish. Unfortunately, just as soon as someone wants a manufactured good like a computer or a plow, we end up trading what we have for what we want. Once we do, we quickly come frustrated in trying to find someone who has exactly what we want and wants exactly what we have. We'll pretty quickly figure out that we can trade what we have for some 'credits' that we can then trade for what we need and no longer have to find someone who BOTH wants what we have and has what we need. These 'credits' are money, and we're back to buying and selling. We can only avoid this insofar as nobody wants anything other than what they themselves can produce, and that pretty much excludes all manufactured goods. I think I'll keep my money, thank you ;o)

[-] 1 points by ronimacarroni (1089) 3 years ago

Well Ithaca hours is a time based currency so its backed by work hours.

So far it seems to be working pretty well.

http://en.wikipedia.org/wiki/Time-based_currency

[-] 1 points by Rico (3027) 3 years ago

Good. I'd like to buy your car. How many Ithaca hours will you accept in payment ?

[-] 1 points by ronimacarroni (1089) 3 years ago

Well one Ithica hour is equal to ten dollars.

You do the math.

[-] 1 points by me2 (534) 3 years ago

What good is a time based currency if it is just pegged to a static dollar value?

[-] 1 points by Rico (3027) 3 years ago

Right, and after I pay you say 300 Ithaca hours, where will you spend them? What if you want to travel to France ? How widely are they accepted there ?

[-] 1 points by ronimacarroni (1089) 3 years ago

talk about buzzkill <_<

[-] 2 points by Rico (3027) 3 years ago

I'm not trying to depress folks, I'm just trying to point out the practicality of these alternate currencies. A currency, to be useful, has to be widely accepted and recognized as valid. Most of these 'alternate currencies' do not pass that test. I, for example, would be very disturbed if my employer said they wanted to start paying me in 'Ithaca hours.' Wouldn't you ? Any valid currency is one that you would NOT mind accepting as pay from your employer.

[-] 1 points by devilliers123 (18) 3 years ago

Q. How many Ithaca Hours will 10 gallons of Gas cost next year?

A. Many more than today

[-] 1 points by arthurftemple (4) 3 years ago

This poem is about the Grace Tax Commission and the biggest hoodwink of all time.

The main complaint of the Occupy Wall Street Protestors to date is that there is no message to be said. The message, which follows these words, shall be repeated until the world restores her original fate, unity through diversity and an end to all hate. Occupy Wall Street and protestors around the world, chant this statement: “Put an End to the Federal Reserve!”

The Federal Reserve is a trick you see, a play on words to fool humanity. Just like their Club of Rome, which has its throne in Switzerland, this ultimate masterful play on words, the Federal Reserve, belongs to no government institution. Behind this lie is a family-owned private bank, which dwells on endless war, starvation, poverty and hate, while a handful of families earn their wealth at the cost of your soul’s health.

It’s for all to know and plain to see, this Christmas story. One hundred years ago during Christmas there was a Congressional deal to repeal our country’s right to print its own money. The interest from this debt is how your income tax is set; not one dime of your income tax goes to anything of substance, other than to these well-known families who print the money for your government. The reality is the government runs on taxes on tobacco and booze and everything you can imagine while you snooze, corporate taxes go for war, and your state property taxes pay for most of your local services. This evil was done without regret or your permission, if you don’t believe me read about President Ronald Reagan’s tax commission. Grace knew what you now know, so let’s print our own money, back it by precious metals and commodities then these families will fall you’ll see just like their other trick, Building 7 and the repression of zero point energy.

[-] 1 points by ronimacarroni (1089) 3 years ago

Btw I've been reading about ithaca hours and they seem very promising http://www.paulglover.org/hours.html

[-] 1 points by ronimacarroni (1089) 3 years ago

Also we used to rely on the government to make our money because only they had the capability to make it counterfeit proof, but they have lost that monopoly now that we have computers and could make our own currencies counterfeit proof through encryption.