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What happens when the markets are totally unregulated? Do you think in the absence of a perfect solution, having no solution at all is best?What happens when the thieves, who are manipulating the market, are funding the elections of those charged with regulating the market?
It's every man for himself, as opposed to the hens trusting the fox for a false sense of protection?What happens when the markets are totally unregulated?
So is the reason for BRICS that it is a more reliable, monetary system? Or is it a ploy by those who fear the United States of America, and it's sanctions?You have to consider the power of BRICS with China being the worlds largest GPD, India 3rd and Russia 7th and twenty three other nations applying to join. The problem for a US dollar financial system is that increasingly other nations dont need nor want the US dollar. That means the US will have no ability to sanction anyone it seeks to coerce.
Plus China is the largest holder of US debt and it cashing in in favour of gold. I just seems like successive US administrations are asleep at the wheel. The isolationism of the Trump era made that all the worse.
...and it's nothing new.There are theives on both sides y'all.
There is a solution. Use Constitutional money (an asset) in exchange for physical assets. This means that assets won't be sold if there is no way that they can be delivered, with IOUs that can't be made good on.Do you think in the absence of a perfect solution, having no solution at all is best?
What's Constitutional money?There is a solution. Use Constitutional money (an asset) in exchange for physical assets. This means that assets won't be sold if there is no way that they can be delivered, with IOUs that can't be made good on.
The Constitution might not be perfect; but it's better than what we have.
First we need to end the corporate monopoly on monopoly money.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- President James A. Garfield
Article I Section10 Clause 1.What's Constitutional money?
If the wealthy hoard the bulk of gold, won't we be dealing in gold granules? I can't imagine buying a loaf of bread for a granule of gold, it might get lost in my pocket.Article I Section10 Clause 1.
I laid this out already in post #31.
You could use Gold Backs which come in as low as $1 denominations. However gold is more suitable for storing large amounts of wealth. Silver is more suitable to regular daily transactions.If the wealthy hoard the bulk of gold, won't we be dealing in gold granules? I can't imagine buying a loaf of bread for a granule of gold, it might get lost in my pocket.
What's Constitutional money?
That's a good question:So is the reason for BRICS that it is a more reliable, monetary system? Or is it a ploy by those who fear the United States of America, and it's sanctions?
Trying to keep a static value (instead of an inflationary one) is a double edged sword. ...for a few reasons.You could use Gold Backs which come in as low as $1 denominations. However gold is more suitable for storing large amounts of wealth. Silver is more suitable to regular daily transactions.
In 1900 a silver dollar would buy you a steak dinner. Today, that same silver dollar will still buy you a steak dinner.
That restricts the various states from having their own money systems (thankfully!). It doesnt at all lay out what kind of money system we should have nationally.Article I Section10 Clause 1.
I laid this out already in post #31.
James Madison, Federalist, no. 44, 299--302That restricts the various states from having their own money systems (thankfully!). It doesnt at all lay out what kind of money system we should have nationally.
"By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." -- British Lord John Maynard Keynes in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).The other side of the coin, the people hurt by inflation are retirees
Forbidden to the states, as the constitution says, and pertinent to that case......
"The constitution, therefore, considers the emission of bills of credit [printing of paper money], and the enactment of tender laws, as distinct operations ... Both are forbidden." -- U.S. Supreme Court, Craig v. Missouri, 4 Peters 410
You do understand that the Federalist Papers serve to explain the Constitution; no?Find me in the US Const where the fed govt is forbidden from our current system. Opinions from Mr Webster or even from the Fed Papers dont count at the end of the day. The articles of the Const do.
They explain certain authors thinking behind their contributions to the constitution. They do NOT introduce clauses to the Const that plainly arent there. By no means did every opinion expressed in Fed Papers make it to the text of the Const.You do understand that the Federalist Papers serve to explain the Constitution; no?
Exactly. You do understand that Hamilton drafted the Constitution; no?They explain certain authors thinking behind their contributions to the constitution.
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