The Money Reform Party
Posted by commoditywatch on September 18th, 2008
With Anne Belsey of The Money Reform Party
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September 19th, 2008 at 7:52 pm
State solution is useless, free the market to create money and we will see which is the choice medium of exchange…
Anne Seems to have many concepts that are a bit muddled up, but I believe the intentions is noble, just not a solution I think has much chance of working.
September 21st, 2008 at 1:42 pm
Dear Alex
You may be surprised to read that a human rights lawyer advised us to “go for Parliamentary scrutiny via the Treasury Select Committee”. Hence you’re invited to click on http://tinyurl.com/666rwd and think yet more deeply about these issues.
With ‘globally warm’ regards, Sabine Organiser, Forum for Stable Currencies http://forumnews.wordpress.com
September 22nd, 2008 at 5:49 pm
I don’t like it when people start to laugh, as Anne does when Dom raised the issue of gold retaining purchasing power. He clearly was talking about the very long term whilst obviously gold has not maintained purchasing power between 1980 and 2000.
One of her objections to commodity backed currency was that it would lead to stronger money, or cheaper prices and that is undesirable. Why is it undesirable? The current system rests on perpetual inflation and that is deemed undesirable but it is only undesirable really because of the fraud at the heart of the system and the dubious signals it sends to business.
You can choose stable prices by inflating the money supply in line with technological improvements (that lead to higher productivity) or you can have a static money supply leading leading to cheaper prices or you can try to tweak the money supply to maintain pound/dollar prices (futile surely. Note this last statement deals in classical economics and ignores the elephant in the room that is peak oil.
As long as people understand the system and what the primary trend is, then stable prices or cheaper prices are no bad thing. The bad thing is higher prices that hurt the “little guy” and benefit the people higher up the inflationery food chain.
November 9th, 2008 at 12:41 am
Great points Dave Marney.
Funny, in the US with free trade and then globalization, supposedly would make us rich in North America ( bah humbug) from Regan to Bush SR to Clinton to Bush jr…all that happened was an equity and a real estate boom.
Jimmy Carter grew the economy by 3.8%…much higher than any of the US presidents after him…Globalization is a Fraud…as you can see…..the mess we are in. Reagan et al did bs…..all they have done is BAnkrupct America….probably for a reason.
PEOPLES WAGES NEVER WENT UP…but their DEBT EXPLODED and their main ASSET ie Real Estate exploded. This is a False ‘richness’ or economy.
If the working women/man wages are not going up then this is fools gold….and the brainwashing to the “stupid” public has been, increasing wages will lead to inflation….and the suckers have believed it…..to their detriment as we see now.
The suckers believed it as their “assets” and “equity” investments went up…but there credit card and mortgage debt exploded. THIS IS NOT CASH…THIS CASH IS A LIABILITY. Cash in increasing wages will keep an economy in good stead..not printing money…
Increase the wages on the working people substantially…and you will not be in this problem.
When the minimum wage was high in the US in 1950 to 1980…the economy grew…no debt explosion…and even with the stagflation…in the 70’s..Carter was better than all the Presidents after him in as he grew the economy much more than all the foolish presidents after him…why…Minimum wage was high.
When minimum wage is high….and people can make a good living….the economy never falters….cash and not debt…but then how do the bankers make any money….if they cannot screw the working people.
so many touted Greenspan as a wonder…but I knew he was an idiot.
Greenspan that Ayn Rand and gold standard backer…turn a rebel…or should I say a crook….a scab for Wall Street…but all the employees on Wall Street bought in.
Who cares if YOU screwing the little investor or mom and pop..just pay me my salary and bonuses…..HOW THESE FOOLS NEVER GOT IN…know I hope to see all these Lehman bros and Bear Stearns employees ‘BEGGING’ ON THE STREETS….I will spit on their faces…as they could have PREVENTED ALL THIS IF THEY HAD SOME INTEGRITY AND ETHICS.
The Fed has 2 options…back the money with something….( the we know the Federal system is a crook…private cronies…) or print their way out.
What is you guess.
BTW…whatever has happened is not chance in my opinion.
Hey, I’m Socrates the former Brazil Captain…what do I know.
Maybe President Elect Obama can get some advice from Chavez from Venezuela.