The Inside Assyria Discussion Forum #5

=> Re: The Dollar: How Printing It Made Us Powerful and Set Decline in Motion

Re: The Dollar: How Printing It Made Us Powerful and Set Decline in Motion
Posted by pancho (Moderator) - Friday, August 14 2009, 19:55:14 (CEST)
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Great...as far as it goes. But I think the future lies much beyond these kinds of concerns. Basically we have consumer societies all over the world...capitalism explots both people and raw materials...including the entire planet. This was fine for many years...but the planet is nearing crisis plus which...as real wages have dropped, and continue to do so, because one of the last remaining ways to make "quick-money" is to reduce wages and benefits (which means more wages have to be spent on health care and retirement, which further cuts into what people can spend consuming)...we're going to reach a point of ever greater diminishing returns. The bald truth is that it may not be possible to create and maintain jobs in the private sector, since the private sector has to sell its good in order to profit...and if not enough people can buy, or don't want to buy, these goods...jobs are lost etc.

It's absurd to have plenty of skilled people, hard working...who have real needs for schools, hospitals, parks etc...but to say there are no "jobs" simply because a capitalist can't be found who thinks he can enough gobs of money to give it a go.

eventually we're going to figure out the Federal Reserve is a giant scam, almost a ponzi scheme...and we're going to issue government scrip for all those things we need done in a society in order to make the lives of the people meaningful and beneficial.

It amounts to a barter system in which we enough wealth and material right here in the United States that workers can get scrip from employers, which is after all merely paper used in exchange. Yes, the government CAN print money and hold down inflation...easily...but not if we're tied to bankers and financiers.



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