Do you think central banking or as we call it in my country the Federal Reserve bank should be banne (15)
Checkers101: My reason for this poll is to see how people feel about paying interest on the creation of money
I see absolutely no way out of debt if we pay interest on any countries currency just for its creation
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Every country must go back on the gold or some other actual real standard not just their word. Look what happened to Germany after WW I and other countries in Europe today. Being able to just print money is what allowed most of these countries to get so deeply in trouble along with the state stealing from the workers to buy the votes of the non-workers.
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"""The rich prople know how to handle it",because governments, on purpose,they have opened loopholes for the rich,to channel their money through them.
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chris27292729: """The rich prople know how to handle it",because governments, on purpose,they have opened loopholes for the rich,to channel their money through them.
The results???? Herve Falciani, is not a Hero, for governments,exposing rich tax evaders, but an enemy.- No government in Europe came out in the open,and say to him,"Thank you lad" instead they are debating,if the exposure of the rich,evading taxes,is legal or not.The people who vote those people in government positions,are "eternal" fools,and every time i vote,am one of them.------ This poll is Archived ------
back to gold standard...
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Central banking and the practice of charging interest don't really link up: Interest - in the sense that lenders will wish for repayment and some consideration for the use of their money over a period of time - has been a constant concept since the first civilisations: Central banks didn't arise until the 17th Century and essentially they just provide an aggregating and clearing-house service for all the transactions that were formerly done in-person or between trusted intermediaries.
The reason interest is needed is that prices tend to change, mainly rising, over time. The rise in an unregulated economy reflects the factors of demand and supply not growing at the same rate, where namks exert control other factors come into play but the basic principle stands
Without interest being payable on deposits there would be no sense in holding onto money - when prices rise all income should be spent as soon as possible to maintain its value. If money fails to represent a store method for value, we're back to pre-civilisation bartering.
The reason interest is needed is that prices tend to change, mainly rising, over time. The rise in an unregulated economy reflects the factors of demand and supply not growing at the same rate, where namks exert control other factors come into play but the basic principle stands
Without interest being payable on deposits there would be no sense in holding onto money - when prices rise all income should be spent as soon as possible to maintain its value. If money fails to represent a store method for value, we're back to pre-civilisation bartering.
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In my post above, 'namks' should say 'banks'.
Also: Gold Standard has issues too - not limited to the fact that most gold is morally tainted by the blood spilt in achieving it. Gold represents the worst excesses of human greed. We're better off unlinked to it.
Also: Gold Standard has issues too - not limited to the fact that most gold is morally tainted by the blood spilt in achieving it. Gold represents the worst excesses of human greed. We're better off unlinked to it.
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fearlessfred001: Every country must go back on the gold or some other actual real standard not just their word. Look what happened to Germany after WW I and other countries in Europe today. Being able to just print money is what allowed most of these countries to get so deeply in trouble along with the state stealing from the workers to buy the votes of the non-workers.
don't know if it gold we have to get back to.... might be water or land or other natural resources.....
everyone seems to be stealing, banks from the customers in high interest and fees, governments from the public servants in furloughs, sequestration and "budget" cuts, mortgage companies, insurance companies and wall street from the homeowners....
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CmdrMercutio: In my post above, 'namks' should say 'banks'.
Also: Gold Standard has issues too - not limited to the fact that most gold is morally tainted by the blood spilt in achieving it. Gold represents the worst excesses of human greed. We're better off unlinked to it.
as if Fiatmoney hadn't caused untold suffering,and cost the Lives of Millions!Also: Gold Standard has issues too - not limited to the fact that most gold is morally tainted by the blood spilt in achieving it. Gold represents the worst excesses of human greed. We're better off unlinked to it.
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Conrad73: as if Fiatmoney hadn't caused untold suffering,and cost the Lives of Millions!
alfaromeo money goes faster...
but breakes more------ This poll is Archived ------
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Honest Money
Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
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Conrad73:
When FDR Got the Gold
The long-lasting imprint from FDR’s famous “Hundred Days” did not stem from the bank holiday, national industrial recovery act, the farm adjustment act, the Tennessee Valley Authority, or the public works administration.
Instead, it is lodged in the footnotes of standard histories; namely, FDR’s April 1933 order confiscating every ounce of gold held by private citizens and businesses throughout the United States. Shortly thereafter he also embraced the Thomas Amendment, giving him open-ended authority to drastically reduce the gold content of the dollar; that is, to trash the nation’s currency....................
When FDR Got the Gold
The long-lasting imprint from FDR’s famous “Hundred Days” did not stem from the bank holiday, national industrial recovery act, the farm adjustment act, the Tennessee Valley Authority, or the public works administration.
Instead, it is lodged in the footnotes of standard histories; namely, FDR’s April 1933 order confiscating every ounce of gold held by private citizens and businesses throughout the United States. Shortly thereafter he also embraced the Thomas Amendment, giving him open-ended authority to drastically reduce the gold content of the dollar; that is, to trash the nation’s currency....................
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Conrad73: as if Fiatmoney hadn't caused untold suffering,and cost the Lives of Millions!
That's WHAT MONEY DOES!!!!
I'm not a religious man but I like the line found in several major Abrahamic texts, that the love of money is the root of all evil.
OK, if your aversion to central banking is in the way of a general aversion to systems of wealth transfer not based on physical goods I'm happy to debate that with you (you might be very interested in the principles of Islamic finance, particularly the Sukuk Bond and the al-Murabaha Contract which have interesting and elegant ways around that - although ending in predictably identical financial results) - or perhaps this is more of a marxist debate about the oppression inherent in the system.
I just feel we need to define the terms of the discussion ;-)
Chris
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39 Votes
924 Views
15 Comments
Created: May 2013
Last Viewed: Apr 20
Last Commented: May 2013
Last Voted: Jul 2017
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Do you think central banking or as we call it in my country the Federal Reserve bank should be banne(Vote Below)