NO YOU ARE WRONG ABOUT FIAT MONEY Contrary to libertine deceptions. The ambition

NO YOU ARE WRONG ABOUT FIAT MONEY

Contrary to libertine deceptions.

The ambition of rothbardianism is to resurrect Usury, not improve our lot.

If a cosmopolitan is talking and it sounds good it’s a half truth that seeks to steal from you. So you just have to go looking for it.

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Paul (Molly)

(a) There is no reason why one must save and invest in the same medium (currency). (Just as molly suggests)

(b) fiat money constitutes shares in the issuing government and is managed as such. We literally borrow from one another.

(c) the price of commodity money (silver / gold) is more open to manipulation and more volatile than fiat currency (stock) simply because (i) scale and (ii) the treasury targets price stability (inflation).

I want the government to stop stealing from me also, but the value of a relatively stable rate of inflation, and the discounts that come from the use of fiat currency (stock), mean that I must save and invest in alternative stores of value.

Remember that hard money lenders have power over you that a government that must maintain price stability (inflation) does not. Meaning that if you issue debt then government is a problem. But if you borrow credit then inflation is your friend.

The way to fix the financialization of the economy is to i) nationalize Mastercard and ii) issue liquidity directly to consumers via that card rather than as interest rates through the banking system.

It is this revolution that some of us hope to bring about – and which will literally destroy the banking cartels.

Cheers

Curt