The Inside Assyria Discussion Forum #5

=> Re: I get it, I get it....

Re: I get it, I get it....
Posted by Tiglath (Guest) - Thursday, July 29 2010, 14:30:35 (UTC)
from - Australia - Windows Codename Longhorn - Internet Explorer
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atheist wrote:
>I understand what you´re saying...but whether money is propped up by gold or silver or petroleum, the basic flaw is the need to prop it up with anything "precious"....meaning anything whose value can be manipulated so that we have these recurring depressions and inflations and so-called scarcities which all tend to making billionaires out of millionaires while common people go hungry.

## The current economic system is designed to create internal disparities - widen the gap between th rich and poor while simulatenousy widening the gap betwen the third and frst world.

>Money should be pegged to WORK and FOOD, primarily...not to any arbitrarily designated "precious" anything.
>I´m talking about the System, not its details.
>I don´t have know the intricacies of Al Capone´s empire to know, without a doubt, that he was a crook...or of Kissinger´s manipulations... except to know enough...and we already know enough.
>This system is set up as a playing field for money-mad people and as such these Depressions and "rallies" and Market bullshit are part of the game...this nonsense about we-have-no-money-to-pay-teachers,doctors-etc. is the game.
>We can print all the money we need to have a decent, functioning society, but on that day, we´ll stop printing the money it takes billionaires to play their games...and that´s what they won´t let happen.

>We can not only produce the labor to produce the potatoes that would feed every human on earth...we can print all the fucking paper it takes to pay for it....end of story.

## No we can't print all the money we want. There are limits. Just look at what happened to Germany in the 1930s to understand what should be happening to the US dollar today.
However the US banker has petrodollar hegemony and holds a gun (bases) to the head of the Middle Eastern nation and ensures that they sell the most heavily traded commodity in the world stritly in US dollars.
It is this ingeneous petrodollar recycling plan that invests Middle Eastern billions in US banks allowing the Federal reserve to print money that is backed by these recycled petrodollars without causing Weimer style hyperinflation.


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