Without Short Term Stimulus Global Economy Will Go Over The Precipice

Michael Greenberger: Lack of capital for productive investment starving global economy

Category:

News & Politics

Tags:

• Stimulus
• Global
• Economy
• Michael
• Greenberger
• capital
• productive
• investment

[ytgv3fc7]

@annoloki no, gold-based currency can't ever be debased. You can always check the gold purity so you know it's not debased. Of course you need the guns to protect your money, be it gold, food, land. If your only defense against robbery is to be poor, your life is already ended. Printing money grinds down mountains: it just ensures you never have the right to what's in there. Only your slave masters. Money-tickets printed at will dictate the WHO only. Not the IF or HOW or WHERE.

[ytgv3fc7]

@annoloki I believe nothing. The video is for your benefit, not mine. I understand from first principles why sound money works and why gold is sound money. They were removed for one purpose only: to rob us. They prevented robbery. We let the thieves take over & they removed gold. If you let them take more soon there will be no right to grow your own food. You've already lost the right to your own medicine. Then it will be your home: your disobedience will then lead to your execution.

[ytgv3fc7]

@jstncbllr Actually #1 many producers / sellers pay no taxes at all.

#2 government can own the means of production outside the private economy. In Canada we have these & we call them Crown Corporations.

Reality is where I come from. Try it out for the first time ever. Don't you ever get tired of the fiction you claim is reality?

[ytgv3fc7]

@jstncbllr no, your imagination deceives you. Historically shells, sticks, rocks, gold, silver, copper, iron, bronze have been money, as well as children, tools and land. Coins are valued only above their metal for one reason: NEVER the sovereign. Only the difficulty in making a coin look the same as what's recognized, with craftsmanship, while producing a cheaper fraud. Tally-sticks are atypical, a once-in-history situation.

[88888FORCE]

How Dangerous is This Moment?

Sept-16-2011--Jeff Madrick, author of the Age of Greed, says with wages flat austerity measures and the domination of finance we face a very dangerous decade. INFO-AWARENESS - VIKEN Z KOKOZIAN

[88888FORCE]

Without Short Term Stimulus Global Economy Will Go Over The Precipice

Sept-16-2011--Michael Greenberger: Lack of capital for productive investment starving global economy. INFO-AWARENESS - VIKEN Z KOKOZIAN

[jstncbllr]

@ytgv3fc7 "theft...not part of...private economy"

State money exists so that govt can buy *real* domestic goods. By definition, sellers of goods are not govt. They pay taxes.

This is like arguing with a creationist about evolution.

I'm not even arguing opinion here. I'm just explaining how the existing system works, for better or worse. Aka: reality.

You mostly make universal assertions and value judgements based on circular reasoning. Saying something STRONGLY doesn't make it, you know, true.

[jstncbllr]

@ytgv3fc7 "Money is NEVER credit/debt"

Historically it is. Your wishes aren't reality, aren't evidence.

"tally-sticks...unacceptable"

Sigh. Look, I'm not proposing we use tallies *now*. But historically, tallies (or similar tokens) were typical. You were making a *historical* argument for "sound money", right?

Coins usually trade at values *above* their value as metal. It wasn't the metal that gave them value. It was the sovereign.

Here's an academic paper on the history:

bit dot ly/qHKqSk

[ytgv3fc7]

@jstncbllr PUBLIC servants taking PUBLIC money by force: theft.

It needs to stop & now.

They ARE government any time they get that money without authorization by each person who is forced to give it up and it's wrong.

Those PUBLIC, non-private, MILITARY corporations are not part of the regular private economy whatsoever.

[ytgv3fc7]

@jstncbllr NO IT IS NOT. Money is NEVER credit/debt. Money is tangible trade items. DEBT is just debt, a CONTRACT, an agreement. NOT MONEY.

I am aware of tally-sticks. Highly unreliable, easily corrupted, as easily as printed money. Unacceptable.

Coinage was used in GOLD AND SILVER because they have tangible value. Not in dirt bricks or wood or pocket-lint. Because gold & silver are SOUND MONEY. 100% conscious, evolved decision.

[jstncbllr]

@ytgv3fc7 "The only reason [US$] has value [is] to those earning them for trade"

Why does anyone accept the dollar as payment? Where does its value come from? Why would any sane person trade real goods for US$?

Only reason: they need US$ to pay taxes.

But if you have another reason, let's hear it.

[jstncbllr]

@ytgv3fc7 "public spending puts money into salaries of govt workers, contractors..."

Yes, people who *work* for the govt, but are not themselves the govt. They're private citizens w/ private bank accounts. Don't get me wrong, I'm against war profiteering, etc, but that public money is spent into *private* corporations.

Govt also spends a lot on SSI/medicare recipients, aka: private citizens.