Comments on: Update III: Dollar Doubts https://barelyablog.com/dollar-doubts/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: John Danforth https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7839 Thu, 29 Oct 2009 01:33:17 +0000 http://barelyablog.com/?p=16130#comment-7839 One thing is clear; when you have a player in the game that can essentially print money and use it to buy power with, corruption is guaranteed. Anywhere.

Whether the population will wake up and figure out what was done to them, and agitate for money that respects property rights is another question altogether.

What’s likely is that policy will continue to bribe people into being beggars, thieves, and cowardly snitches until the day the free money becomes worthless. By then the ‘entitled ones’ and the few remaining producers may be too weak to assert themselves, whether they wake up or not, and they may have to submit to whatever the juggernaut decides to do to ‘fix it’.

The bigger the lie, the more people refuse to question it.

]]>
By: Van Wijk https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7828 Wed, 28 Oct 2009 10:35:23 +0000 http://barelyablog.com/?p=16130#comment-7828 Good luck on trying to impose virtue on a society that is periodically wrecked by the boom/bust cycle.

My people [Who are they? Guys, please don’t speak in tongues.], who I value more than any republic, do not need virtue imposed upon them.

The problem with one-note economic wonkery is that it takes for granted that the same enlightened self-interest that animates its proponents animates all people, but of course it does not. Introduce Mr. Moon’s banking and money solutions to, say, Mexico, or Uganda, or Iran, and free nations will not magically rise up in those places. (And in the case of the latter, woe to the economist whose ideas are deemed un-Islamic.)

But I wish you the best of luck in convincing the myriad tribes who inhabit this country of what is in their economic best interests. I’m sure they’ll be more than happy to vote for responsibility over the all-providing state.

]]>
By: Myron Pauli https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7818 Tue, 27 Oct 2009 21:19:02 +0000 http://barelyablog.com/?p=16130#comment-7818 I will add that I am EXTREMELY SUSPICIOUS of these proposals for a 30% national sales tax (favored by Republicans and semi-libertarians) will will supposedly get rid of the IRS/Income-Tax beast. It is bad enough for Uncle Sam to know your paycheck and your bank account but a 30% or whatever tax will involve getting rid of cash in favor of Citicorp-managed “debit cards” with the government knowing all your purchases [HINT – guns, ammo, porn, reefer papers, …. ]. How such a tax makes me more free boggles the imagination!

]]>
By: Roy Bleckert https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7816 Tue, 27 Oct 2009 20:26:06 +0000 http://barelyablog.com/?p=16130#comment-7816 “I am one of the few old holdouts who pay most bills (like at supermarkets) with cash”

How do we convince more people to come around to Myron’s way of thinking ?

]]>
By: M. B. Moon https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7812 Tue, 27 Oct 2009 17:56:49 +0000 http://barelyablog.com/?p=16130#comment-7812 “I am one of the few old holdouts who pay most bills (like at supermarkets) with cash. “ Myron

Bravo! Another consequence is the bank cannot pyramid “credit” on top of your checking deposit cash.

]]>
By: Myron Pauli https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7810 Tue, 27 Oct 2009 15:40:56 +0000 http://barelyablog.com/?p=16130#comment-7810 I am one of the few old holdouts who pay most bills (like at supermarkets) with cash. When I grew up, a $20 bill was a substantial amount of money.

The disuse of cash has 2 consequences:
(a) the government can monitor EVERY purchase you make and (b) most Americans are oblivious to their own spending.

]]>
By: M. B. Moon https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7805 Tue, 27 Oct 2009 09:07:56 +0000 http://barelyablog.com/?p=16130#comment-7805 “I guess when you’re a hammer, everything looks like a nail.” Van

I simply recognize that evil generally needs someone else’s money. I have made my logic abundantly clear.

In the US, evil uses either money or force (or the threat of force) to get its way.

Or why has capitalism failed in the US? Ans: It hasn’t been tried since 1913.

Good luck on trying to impose virtue on a society that is periodically wrecked by the boom/bust cycle.

True liberty produces virtue since evil generally requires tyranny to prosper. Evil is a parasite, don’t you know?

Speaking of virtue, our current money and banking system is based on false witness, theft, oppression of the poor and government privilege. How foolish of me to think that could have anything to do with the virtue of the nation!

[Social determinism: you believe that man is a pawn and has no free will. Give him free banking and he’ll be an angel.]

]]>
By: Van Wijk https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7799 Tue, 27 Oct 2009 01:38:02 +0000 http://barelyablog.com/?p=16130#comment-7799 Solution do exist. Capital could be drawn back into the US if we would just remember what made it great: Liberty and the rule of law.

Washington said that the success of the nation depends upon the virtue of the people. What made America great was the American people. Liberty and rule of law (as in the now thoroughly discredited notion of the Proposition Nation) do not a nation make.

Just the legalization of alternative banking and money solutions would turn things around for the US.

I guess when you’re a hammer, everything looks like a nail.

]]>
By: Roy Bleckert https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7797 Mon, 26 Oct 2009 22:47:24 +0000 http://barelyablog.com/?p=16130#comment-7797 “I am not as confident as Mr. Schiff that the dollar can be rehabilitated. The country is moving away from markets and toward the central control of the economy and the rearranging of the income curve. What with the daily growth of debt and unfunded liabilities”

How can the dollar or the economy recover in a rigged game ?

http://sentinelradio.wordpress.com/2009/10/25/the-warning-this-is-a-must-see-video-in-order-to-understand-who-destroyed-the-economy/

]]>
By: Jack https://barelyablog.com/dollar-doubts/comment-page-1/#comment-7796 Mon, 26 Oct 2009 21:33:23 +0000 http://barelyablog.com/?p=16130#comment-7796 “The impetus is in the direction of serfdom.”

My impetus doesn’t go in that direction and I know yours doesn’t either.

Do you really think it is our destiny to lose?

]]>