About that "Creeping Socialism"...

[dfnj]

Money are just computer keys, government just pushes 0 after 1 as many times as they need.

Well, yes, and no. The more the Federal Reserve prints then money becomes worth less:

Quandl

Marx always said laissez faire capitalism is following by communism. This is because unfettered greed would result in the government's currency collapsing in value as it is accumulated into fewer and fewer hands. Once the government's currency becomes worthless people in the breadlines would demand MORE government not less. See you in the breadlines comrades!

The value of money is strange. Unless you have a fixed currency things get weird. Fiat money generally is unstable and eventually becomes worthless has history has shown time and time again. With fiat money, paradoxically money becomes worth more when the medium amount workers have is increased. I think this is because people become more greedy as they increase the amount of money they have.

Marx has some really good criticism on excesses of laissez faire capitalism:

Here is a really good criticism of laissez faire capitalism:in it's present form:

Professor David Harvey makes the claim laissez faire capitalism has to come to an end because there's no growth left in the World. Without growth laissez faire capitalism cannot sustain itself unless we have a major war or some kind of pandemic to reduce the population.

I think what really need in this country is Universal Basic Income and set the amount to be 10% of the median wage but have it so the Federal Reserve can change the percentage like the way they control interest rates. This would allow the Federal Reserve to have more control over the economy. Not that I fully support having a fiat currency. According to this video the system is rigged so we will never get out of debt:

President Lincoln got rid of the Federal Reserve:

"During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts..." The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war. Shortly after that happened, The London Times printed the following: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe."

Some people think the Lincoln Greenback is why Lincoln was assassinated. JFK has the Kennedy Silver Dollar which reduced the power of the Federal Reserve and he was assassinated. Andrew Jackson did the same but he survived his assassination attempt. Jesus attacked the money changers and their monopoly over the shekel and he was crucified.

With the Citizens United ruling by the Supremes means the Federal Reserve can print any amount of money to ensure only political candidates running for election are ones who support having the Federal Reserve. Or only supporting candidates who were against usury laws.

"Give me control of a nations money supply, and I care not who makes it’s laws". Mater Amschel Rothschild

 

[leov]

Well, yes, and no. The more you print money becomes worth less:

Quandl

Marx always said laissez faire capitalism is following by communism. This is because unfettered greed would result in the government's currency collapsing in value as it is accumulated into fewer and fewer hands. Once the government's currency becomes worthless people in the breadlines would demand MORE government not less. See you in the breadlines comrades!

The value of money is strange. Unless you have a fixed currency things get weird. Fiat money generally is unstable and eventually becomes worthless has history has shown time and time again. With fiat money, paradoxically money becomes worth more when the medium amount workers have is increased. I think this is because people become more greedy as they increase the amount of money they have.

Marx has some really good criticism on excesses of laissez faire capitalism:

Here is a really good criticism of laissez faire capitalism:in it's present form:

Professor David Harvey makes the claim laissez faire capitalism has to come to an end because there's no growth left in the World. Without growth laissez faire capitalism cannot sustain itself unless we have a major war or some kind of pandemic to reduce the population.

I think what really need in this country is Universal Basic Income and set the amount to be 10% of the median wage but have it so the Federal Reserve can change the percentage like the way they control interest rates. This would allow the Federal Reserve to have more control over the economy. Not that I fully support having a fiat currency. According to this video the system is rigged so we will never get out of debt:

President Lincoln got rid of the Federal Reserve:

"During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts..." The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war. Shortly after that happened, The London Times printed the following: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe."

Some people think the Lincoln Greenback is why Lincoln was assassinated. JFK has the Kennedy Silver Dollar which reduced the power of the Federal Reserve and he was assassinated. Andrew Jackson did the same but he survived his assassination attempt.

With the Citizens United ruling by the Supremes means the Federal Reserve can print any amount of money to ensure only political candidates running for election are ones who support having the Federal Reserve.

"Give me control of a nations money supply, and I care not who makes it’s laws". Mater Amschel Rothschild

Trump just nationalized Fed Reserve. What do you think about it?

 

[dfnj]

Trump just nationalized Fed Reserve. What do you think about it?

You need to watch the Money Masters video. I think you do not know what you are talking about. The problem is not who owns the creation and distribution of currency. The problem is having a fiat currency where inflation becomes an instant tax hike. Just look at the quandl curve:

Quandl

If you did watched the Money Masters video you would understand why the current system is completely unstable with huge booms following by severe depressions just as Marx predicted.

"Was the Fed Just Nationalized?
Did Congress just nationalize the Fed? No. But the door to that result has been cracked open."

Was the Fed Just Nationalized?