KingofthePaupers: 1/3 California lawmakers to make IOUs legal tender!!!

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Uploaded by on Jul 13, 2009

Part 2/3 http://www.youtube.com/watch?v=DLZqAg7EOo4
Part 3/3 http://www.youtube.com/watch?v=2xa8Rs9ceX0
Theres nothing wrong with small denomination California State IOUs if anyone can pay their taxes with them. When Argentinas government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes by everyone.
Too bad California IOUs wont be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example.
If they do make IOUs legal tender, I'll take back every joke I ever made about Girlieman Governor Musclehead if he engineers the California state currency lifeboat.

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Uploader Comments (kingofthepaupers)

  • Jct: Maybe it does take an engineering degree to understand how a piece paper anyone can pay taxes with is worth something. And now you know why I have such a low opinion of gold buffs.

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  • The problem with paper is, eventually over time man corrupts- period. I have always considered myself lucky to live in one of the most prosperous times in human history- But the complete dismissal by most of the citizens of this country has allowed the paper and crayon system to corrupt beyond a manageable level. Greed and Arrogance.

  • Yes, you are an idiot. Gold is for pirate ships. Paper is for building modern cities. Credit laden with interest payable to banks is for destroying modern cities and destroying the planet's environment. Take off the dunce cap and study the English Tally Stick system- one of the most prosperous times in history was made possible without even the technology of paper or crayons, but sticks from trees. Sticks (STOCKS in older english) were the basis of the STOCK Market.

  • Ive got a stack of napkins and some crayons- sooo Im going to make my own money- payable only to me, receivable by me..and then I can be rich in my own private economy ..hehehe..call your relative that lives out in the sticks and has some land- you will want to be there shortly..

    bye buy gold.

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