When a government becomes destructive to the ends for which it was created, then it becomes the duty of the People to discard that government and replace it with one which will safe-guard the priciples of justice. by Republicae
(libertarian)
Wednesday, October 15, 2008
Let us never forget that an enemy to good government is an enemy not only to Our Country, but to each and every Citizen of this country; for such an enemy has divested himself of all social sentiments and duties which are characteristics to the goals of good government. Such an enemy has degraded himself far below the rank and dignity of man and deserves not only to be classed with the lowest of the low, but also deserves our indignation and contempt, such are those traitors who under the pretense of leadership. These enemies are licentious disturbers, destroyers of the public peace and the public good, as well as the future of our Dear Country for whom so many have given their fortunes and their lives.
Those within our government have expressed their disrespect time and again for the principles upon which this Country was Founded and through which it once Prospered. It has been proven that these politicians despise good government and sound policy through their presumptuous actions, they not only disregard for the legal standards set forth by the Constitution, but even disregard the Consent of the People themselves. This federal government is bound by the Compact of Agreement, made solely between the People of the Several States united only by the continuation and adherence of all articles within that Agreement by the parties thereof. When any party of such a contract either disregards or violates the articles upon which they agreed, then that Agreement is null and void. It should once again be obvious that there are those, enemies of both good government and the People, have Breached the Trust of that Noble Compact and trod upon every fundamental principle of Representative government.
Therefore, in order that we may form a right judgment on the duty that has enjoined us by the Noble Text of that Compact of Agreement, for our Protection and the Prosperity of our lives, that we should now not take the necessary steps to ensure both our security and our future prosperity against all usurpations, against all despicable acts and legislations intent on our subjugation and the degradation of our Constitutional Republic.
Had those we elected persevered the state of sound rectitude in their decisions and their behavior toward the Law of this Land, then we would be disposed to follow them and obey the legislations that they pass however, this is no longer the case. We must therefore, concede to our own conscience and those same principles that led our forefathers to reject the abuses and usurpations that pressed upon them, taking upon themselves the instruments of self-defense and preservation.
Today, we are witnessing a multitude of absurd decisions and the most pernicious legislative acts that are contrary to every good principle of government and Proper Representation of the People themselves. We must understand that the doctrine of non-resistance, of unlimited passive obedience to those who are proving to be the worst of tyrants, concealing their villainy through the use of a light and insubstantial guise, posing in their treason, as Constitutional representatives bound by oath when they are providing us will all the evidence that reason should require to resist their cunning and destructive ventures.
In such a state, should we not have the Right, nay not only the Right, but the Duty to make such persons, those who are enemies within our own house, paid by our own labor, who have injured our well-being and our future stability, repair the damages that they have heaped upon us and upon this country. Is it not within our Right and Duty to inflict Just Recompense and extract Punishment upon them for such heinous crimes against this People and this fair Country and in such actions hope that we will restrain them from doing the like in the future?
Have we not witnessed that even the most basic necessity of our Liberty and our future Freedom is being rendered impossible, in most cases, to enjoy our lives in any tolerable degree without feeling the pressure from this government? Has not our resentment grown, lashing out at our own conscience that we now find ourselves in a state that can no longer be considered or even called a state of Freedom, but a state of the vilest slavery and dreadful bondage?
Is it not the most perfect state of Freedom that consist of obeying the very dictates of right reasoning and thus appropriate actions both in maintaining and defending the very Rights that were secured for us by those who crafted the Articles of our Constitutional Compact? Our Fair Land has been lead into a fallen and degenerate estate; we have been betrayed by the actions of those who were entrusted to protect this Land and its People from the very dangers that they now impose upon us!
Those within this government are saturated with the unbridled lust for power, unrestrained by our Consent and disrespectful of the very tenets upon which government, this government is obligated, by Solemn Compact, to uphold. These officials, forgetful of their oath, have forsaken the true design of good and civil government and that is to protect men in the enjoyment of Liberty. Thus, it should follow that such tyrants, through the use of arbitrary powers, are completely inconsistent with and subversive of the very standards upon which they have bound themselves by oath. Should we not therefore, be of the mind that consequently, all authority of such tyrants is both null and void, making our duty to their actions and their illegal legislations are equally null and void?
When a People find themselves cruelly oppressed by The State, they have the Undoubted Right to cast aside such a yoke of tyranny and assert their Rights and their Liberty. It is however necessary, if such reasoning is considerable, to judge that they have both the sufficient power, and indeed, the strength to maintain their position, standing their ground in the defense of their Just Rights against their oppressors. So, the preeminent law is that of self-preservation, it is the first law and it is our indispensable duty to protect ourselves when all other means of redress have been exhausted and therefore we have the Right to Renounce all submission to such an abusive government.
In Liberty and Eternal Vigilance, Republicae-Seditionist
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re: my article: "A Fiat Money System Is Necessary For Growth and Investment"
Dear Republicae,
I must certainly commend you on such a well-written response to my article even though I see holes through some of your comments that even your intellectual duct tape will not patch.
I find it frustrating that we can't engage one another on a more direct basis because I believe that we could actually unravel some of the myths and insinuations that are often made about money systems by discussing them more openly.
I really take issue with your historical accusation that fiat systems have never been able to survive ~ you adding the extra limitation of 40 years or so. What are these historical fiat systems that you are referring to that have collapsed? Fiat is a modern device, not one that has seen history bury it under its own internal duress. I think you are confusing a truly fiat (credit) system with something else. But, even this would not prevent me from advocating the benefits and successes of fiat money ~ just as I wouldn't condemn modern automobiles because of their inadequate predecessors.
There is no mathematical limitation on fiat currency at all that I know of. There are many ways to modify, adjust, and even to DISinflate a fiat system. Haven't we gone through enough recessive/depressive conditions just since the 70's to make retractions in the money supply the obvious correction? Raising interest rates, selling T-bills, making money "tight"? These are not omens of imminent collapse anymore than getting sick or having a cold means that you're going to die. They are imprecise tools, but you're talking about a HUGE, MONSTROUS economy that is influenced by GLOBAL CONDITIONS. Anyone who thinks ANY system will be smooth and unencumbered by problems had better isolate it to 12 people in a campsite somewhere. There are just too many variables for there NEVER to be problems. The fiat system just avoids those that cause ECONOMIC STAGNATION, harshly restricts INTERNATIONAL TRADE, and allows for an anemic rate of INVESTMENT.
I am intrigued by what you seemed to say may be a gold-based system with some variable exchange rate system accompanying it, but in the long run, it's just a lesser capable fiat system as I would see it.
Fiat has power, magic, growth, flexibility, and opportunity to it that any asset-based system lacks. Certainly it can be volatile. Certainly it has distribution inadequacies. But, it overcomes the foreign trade and lending deficiencies of any hard currency system.
I will certainly study your letter to me once or twice more. It counted almost 2,000 words, and I have usually tried to keep my articles to 1,000. But, that may just be that you had a lot to say. The one article of mine that you responded to was only the 2nd in a series of 5 that I wrote in what was supposed to be a debate about the Federal Reserve System with Walt ~ founder of this site ~ but his continuous mischaracterizations of my position and his obstinance to acknowledge even the smallest of points made me see no future in debating with someone who refused to agree upon even the definition of words.
However, some of the answers to your comments can be found in my latter three articles, although I must admit to some bombast and derisive remarks thrown in as well because of my irritation with Walt's quibbling oratory.
I will also look through some of your other articles. It looks as if you have quite a portfolio. If you would like to contact me directly, my email address is: c5conrad@sbcglobal.net. However, I would like to have a chance to respond to your recent comments first, which may take me a few days to do since I have some other commitments to take care of.
But, I appreciate the thought and effort that you put into your comments. I will give them some serious thought.
First, there have been few total fiat systems in history, but if you look at those examples you will see that indeed the lifespan of such systems is usually around 40 years. Obviously, you don’t know much about the history of money or monetary mechanics; that is not intended as a slam, but based upon your comments alone. Let’s see, we can go back to 20 B.C. and the first recorded fiat monetary system used by the Romans, then we can proceed to 910 A.D and the S’ung Dynasty which attempted it, tried to reform it and then scrapped it on penalty of death if it were ever suggested again. Let’s see, then you have several attempts at fiat money, including the Spanish, the English and the French.
The French’s little fiat fiasco began with John Law and ended with an absolute disaster. The Colonies during the early 1700s issued script that eventually caused so much inflation, in fact rates upward of 5000% in some cases that the Crown had to intervene and prevent the Colonies from such issuance. During the Revolution of 1776 of course we have the notorious Continentals…remember “not worth a Continental”. The of course, we have the attempts of Lincoln with the Greenbacks during the War, and the Confederates with their fiat issue; these of course were influenced by the burden of war itself however, they did follow the same pattern of destruction as all other fiat monetary systems. Then you have the 20th Century, and there are numerous examples of a fiat currency being destroyed due to hyperinflationary pressures.
Believe me, on this subject I am not confusing one system with another; in fact, if you want me to go into extreme detail on the subject of monetary history I will be more than happy to oblige.
I am sure you know of no mathematical limitation, it is, once again, obvious from your many erroneous statements that you are now aware of a great deal concerning the subject. Again, I am not being abrasive, just based upon your own comments it appears that you are unfamiliar with a great deal of information on the subject. There is an absolute mathematical limitation on the issuance of fiat money; the massive amount of debt is the limitation because it will eventually consume the entire system. I don’t necessarily have to defend my position; you will live to see the destruction of the currency.
There are actually few ways to deflate a fiat system for long, it is simply not in the nature of such a system to be deflated over a long enough period of time to make a difference in the overall outcome of the system itself. The retraction in the 1970s and 1980s were a direct effect of Nixon cutting all ties between gold and the dollar. In fact, if you look at historical inflation charts, that can be dated back to the early 1700s, you will see a relative flat rate of inflation until 1913, then a much higher rise in 1933 on until you reach 1971 when inflation takes flight and ever since it has sky-rocketed.
Comparing monetary systems, it is important to look at the fact that in the 1800s there were about 4 or 5 economic panics, two of which were brought on by the same Bankers whose actions prompted the Great Depression.
Now there have actually been 3 Depressions in the 20th Century; the first was in 1920-1921, the next was 1929-1933 and the next was 1937-1938. There were sharp Recessions: 1923-1924, 1948-1949,1953-1954, 1957-1958, 1973-1975, and 1981-1982. 1987. Then there were 7 mild Recessions: 1926-1927, 1960-1961, 1969-1970, 1980, 1990-1991, 1999 and then 2001 brought on by the events of 9/11. That is not the best record in the world for the Federal Reserve System and Keynesian Economics.
The amount of money that is now being placed into the system is absolutely mind-boggling, beyond anything known in our history. In fact, the Bush Administration has mounted up more debt in the last 8 years than all other presidents in our history combined.
Yes, there are methods of modern fiat monetary mechanics that allows for a slight contraction in the money supply however; those mechanics can never subdue the inflationary bent of the system because the system relies completely upon inflation of credit and the money supply for its viability. There is a great deal of difference today with the events that are occurring than the “corrections” of the 70s or 80s, there are definite signals being given off by this fiat economic system that point to a fundamental problem with the foundational substrate upon which the economy is constructed and that is the monetary debt standard.
There are also some very extraordinary attempts at an artificial sustention of the entire system that have never been attempted prior in our history. Credit-worthiness in such a system depends on confidence and trust, both of which have been rapidly eroded. These are essential to maintain the vital expansion and circulation of credit in such a system however, once those essentials have been eroded it is extremely difficult for them to be regained, not only that, this lack eventually has a destructive effect on the entire system. Once again there are definite correlating patterns of collapse that always follow in such systems, of which I mentioned a few.
Indeed, we are living in a truly massive economy however, that fact does not exclude or preclude known economic principles, which govern economics, even fiat economics. The fiat system does not avoid economic stagnation that is very evident by simply looking at the history of the economy during the last century, trade is hindered greatly by the policies of an interventionist government and central bank, and the rate of investment is stifled because there is never a sure footing on which to depend. If you want me to give details on those subjects I will be glad to do so.
Now, what gives you the impression that a gold based monetary system is less capable than a fiat system in the broadest expansion of true economic wealth and prosperity. It is evident that fiat money drains actual, discernable prosperity from the widest scope of the population by concentrating that wealth into the hands of a few who are politically well connected. Have you not noticed the disparity between the classes? That is a direct result of the fiat monetary system that rewards the haves over the have-nots. Gold money has some very definite advantages, by its commodity nature it is an asset, it is both flexible and stabilizing economically.
It provides for the protection of private property rights and is, in fact, real property unlike the fiat notes on which one can never hold actual title to or maintain actual ownership over the whims of political winds. History has proven, time and again, that sound money is the most stable monetary system ever created, even when making comparisons with any fiat monetary system. There are no deficiencies between foreign exchange, lending or trade in a sound money system, in fact when all countries participate in such system based upon fixed weights and fineness; there is a great ease of such international exchanges. In fact, until 1857, just about every gold and silver coin minted around the world was used without hindrance in this country and if you look at the proportional growth during the first 60 years you will find that wealth increased 5 fold after the Constitution was ratified.
Now, lets see exactly why the Federal Reserve was created, or at least the stated reason. It was created to stabilize the economy through management of the currency however, if you look at every financial crisis since at least 1893 there was heavy manipulation of the economy by the banking elite, especially J.P. Morgan. Interestingly, it was Morgan who was one of the primary proponents of a Central Bank. You could say that these crises were, in one way or another, orchestrated.
The Fed, formed during the Wilson Administration in 1913, ushered in a massive economic expansion during the following Harding Administration. As the Fed has done since that time, creating booms and setting the stage for busts, the Fed flooded the economy with something that was created through the events of WWI called "debt money". So, by the time Hoover took office, the expansion was in full swing and the damage had been done.
In addition, the Fed's Fractional Reserve system of banking allowed them to expand the money supply to over 60% within a three-year period. With that much money flooding the market economy, loans and speculation boomed, as it always does when the supply of money distorts usual market forces. This distortion always gives the illusion of prosperity and replaces rational risk assessment. Stock Market speculation shot through the roof, businesses expanded beyond realistic rates of return and credit was free flowing. Sounds familiar doesn't it?
In 1923, the Federal Reserve "purchased" huge amounts of U.S. Government Bonds, drastically increasing the money supply and credit liquidity. This move by the Fed prompted an extremely high confidence by the public in the economy, so high in fact that everyone wanted to get into the speculation game and many did. The problem is that, at that time, when the Fed "bought" those bonds, the economy, while driven by over-confidence, will suffer an eventual contraction because of those bond "purchases".
By the middle of 1929, a couple of factors began to negatively influence the Stock Market. One was that the Federal Reserve began to constrict the money supply by making even huger bond "purchases". During the same time, a couple of big investors, namely Morgan and Rockefeller [Fed Insiders] completely divested their stocks, by the 24th of October all the large Brokerage houses called in all "call loans" forcing investors and private brokers to immediately liquidate their stock holdings and thus the Crash of 29 began.
However, it should be noted that the Fed Insiders made out like the bandits they were, making massive purchases at rock-bottom prices, snatching up foreclosed properties and creating a massive monetary machine that continues to this day to manipulate the market at will and to their own benefit at the expense of everyone else!!!
At the time, The Chairman of the House Banking and Currency Committee, Rep. Louis McFadden, stated that it was no accident but a contrived occurrence created by central bankers. He was correct!
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board and through the corrupt practices of the moneyed vultures who control it.
What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson's day must be fought over again…The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted, and betrayed as they are in their own land, will rise in their wrath and send a President here who will sweep the money changers out of the temple." Rep. Louis McFadden on the floor of the House of Representatives-1932
An interesting thing is that although the Federal Reserve was touted to be the singular stabilizing force in banking and currency, since its creation there have been a disproportional amount of recessions, deep recessions and besides the Great Depression, several minor depressions. Instead of stabilizing the economy, it has been the primary factor in all booms and busts, transferring wealth from the many to the few.
By the way, I am taking a little trip this weekend to Jekyll Island to see the birthplace of the Leviathan FED.
Ha! Ha! I have started to see more of your technique now that I have familiarized myself a little more with your writing style. You try to WEAR PEOPLE OUT!
Putting ballast the size of cannonballs into your paragraphs doesn't make them have anymore weight than the helium that seems to fill your words. You're a lightweight who tries to purport evidence with statistics that are very imprecise and certainly unattributable to the fiat currency.
This last bombast was as much puffery as a jellyfish ~ all slime and tentacles. Not only would I contest these "official" dates of your recessions, et. al, but even the severity and reasons for them. You lump them all into a big basket marked "fiat" and think you've made a point!
Then, to even lecture me about fiat money systems in the days of the Romans is like comparing the jet fuel we have today with the slave labor that rowed those ships! We aren't talking equivalence by ANY MEASURE!
You certainly surprised me from the initial, well-presented comments you sent to me about fiat currency to the sycophantic delusions that you scroll out so matter-of-factly.
I will admit to having a very diminished familiarity with such archaic and unnecessary information about money systems as you have presented just as I do about voodoo and witch doctors ~ because they are not relevant to the world of today. And, for you to parade old, barely discernible ~ and certainly unverifiable ~ systems of money that rose and perished for MANY, MANY reasons other than the currency that was issued ~ wars, politcal change, invasions, disease, poverty, blah, blah, blah ~ is a ploy as old as the bait and switch.
Argue on the merits of a system, not on your delusions and fantasies of what you think happened thousands of years ago, and for many, many different reasons than just monetary collapse. Even your assertion that hyperinflationary pressures "destroyed" many 20th century countries is totally unfounded. Brazil, Argentina, even Israel had tremendous bouts with inflation ~ but they're still around today. I would think that rather than proving your point, this DISproves it. Fiat systems are resiliant as well as expansive.
And, you've got to cut down on your arrogance. This idea that you can write a 12,000 word harangue and that someone is going to take the time to respond to each and every point that you make is LAUGHABLE! Your opinion means SO LITTLE to me that I don't care WHAT YOU SAY about anything! So if you want me to READ something that you want to WRITE, say it in a concise and focused way, don't just huff and puff and think that you've blown the house down. What you've actually done is just exhaust all the air in the room! If you can't say it in 1,000 words, then maybe you should learn to edit.
There is so much to respond to when someone bloviates in the way you do that the first questions is ~ why even take the time? Am I going to change his mind? Or is he just going to keep on bloviating? Well, in your case, I suspect that I know the answer.
So, if you would like an intellectual exchange, I would be all in favor of that. But, if you're interested in a marathon run in the desert ~ with assertions and very dubious reasons ~ I just don't see the point.
You have a harsh and deluded distaste for many elements of government, I have discerned that from your articles. But, that just tells me that you're an old curmudgeon who will never change NO MATTER WHAT I say, not that you're someone who has acquired a rare insight into TRUTH.
Bitterness has never been a taste that people want to share. Maybe it's better if you just keep it to yourself if that's all you've got!
Posted By: Jake, the champion of the constitution
Date: 2008-10-16 05:30:52
Master C -
"Then, to even lecture me about fiat money systems in the days of the Romans is like comparing the jet fuel we have today with the slave labor that rowed those ships! We aren't talking equivalence by ANY MEASURE!"
Yeah I agree there are some differences. The elite ROMANS weren't SMART ENOUGH to invent financial DERIVATIVES. Like Republicae wrote, he doesn't need to prove anything to the blind, you will live to see it happen. What's amusing to me, and I presume a little bit here, is that the two of you would have the same argument a year ago, when the Dow was at an all-time high (on a dollar basis, anyways). With the events of the recent months, its amazing to me that you don't seem able to adapt to facts. That's Ok though, good luck to you, Master C, hope you find a way to stay warm with all your Federal Reserve Notes!
Republicae -
I recently took a speed reading course and can now proudly say I no longer need to cook a couple dinners and wash a few sets of clothing in advance before reading one of your articles. Actually, I quite like the fact that your articles are basically data mineshafts into quite a few sources I had never even heard of like that Philip Dru book in the Fabian article .... I don't have time to crosscheck everything but just want to say again, thanks man!
Also this article summed up far more eloquently than my last stab at articulating my emotions in one of my articles - the US government is a bunch of oathbreaking criminals, and for this they are my enemy too.
It appears Sir that you have shown your hand. Once again, since your position is of such an impotent nature you must relegate your argument to what amounts to little more than a feckless attack, similar to the fashion to your attempted feeble rebuttal toward Walt. How utterly predictable in your tactics, for you have yet to offer even an adequate rebuttal to anything that I have presented, much less anything of substance in your argument. I should have known not to expect more judging from your writings and the lowly standard of your arguments against Walt.
Ha! Ha! My five articles on the benefits of the Federal Reserve System completely rebut your insinuations and Walt's mischaracterizations as smoothly as butter goes on a roll.
Your "bury-'em-in-unverifiable-data", historical irrelevancies, and apples and arsenic comparisons are as sound and fruitful as Bob Barr's run for the Presidency. When your ideas are as shaky as jello and your accusations as ridiculous as trying to make a 1929 remark by Rep. McFadden seem to have contemporary relevance, you're reaching way beyond the bounds of reality into what Rod Serling used to call "The Twilight Zone". Although, in your case, that may be as normal an event as venturing into your confused, apoplectic, and disfunctual understanding of the Federal Reserve System anyway.
I would encourage you to read, not just the first or second of my articles as you seem to have done while critiquing me as if you knew the whole story (because you seem to know only YOUR version of it), but the following three that extol, elevate, and accurately explain the Fiat money system's superiority over any others that have ever existed.
You talk about fiat money systems failing, yet point to times so many thousands of years ago, I wonder if you were actually there to investigate them. It wouldn't surprise me.
Thank you for your disapprovals. I consider them to be as distinctive and irrelevant as if Bozo the Clown had bestowed them upon me. And, as you probably know, he's dead now.
As I said, you can do little but resort to weak rebuttals, you have yet to taken the steps necessary to present an adequate argument, your economics are based solely upon those worn our theories which you taught in your high-school economics classes, your ideas are simply retreads, regurgitated from years of stagnant minds whose theories have been proven time and again by the very state of the economy in which we now find ourselves enduring.
You have simply made no substantial arguments to either defend your case or to subvert the case that I have made. You are little more than a broken record stuck on the same verse that thousands of others like you are stuck on…a mere repeat over and over again. Don't you get tired in the least at the inability of your mind to move past such stagnant requiems for Keynes?
I feel that I've said enough in my articles to explain my positions very clearly, and that I have raised them to irrefutable status without the annoyingly distorted pedagogic tautologies of Walt or the infantile banterings of some baseless student of prehistory, like yourself, who thinks he has found relevance in some vast historical labyrinth of unverifiable assertions.
And, it's always a good feeling to see that it is MY position that is in play in today's world ~ everywhere! ~ not that old, oil lamp creed of those who bellyache about their servitude to fiat money like the werewolf howls at the moon.
To have Fiat money systems in place in every country in the world ~ and growing STRONGER each day as the laces are tightened ever more securely by these worldwide bailouts ~ only makes me smile more broadly that I have invested wisely and that I have nothing to fear except the torches and pitchforks of that tiny group of malcontents who resisted joining the system and is now looking for a scapegoat.
You have indeed explained your positions; those are the very same positions that have been expounded for decades and yet, for all your posturing that you have raised such thread-bear repetitive bumbling to the status of irrefutability is little more than a figment of your own imagination. Once more, based on your writings you have offered nothing in the way of original thought; your spill is simply a recycled text-book economics without a hint of monetary knowledge behind it. You have admitted to knowing little in the way of the theory behind money, credit and banking since there is simply no discernable method to understand those systems and theories without a firm grasp of the history that supports such theories and practices. The only historical labyrinth appears to be the one you are lost in within your own mind, for there is no labyrinth that cannot be maneuvered through within a recorded history that has been evidenced by events.
Your position, if you hadn’t noticed, and the system you so ardently support, is rapidly falling apart and this is just the beginning of the unraveling. The mechanisms which are charged with its maintenance is having great deal of difficulty at the moment with unprecedented events that are not only stressing the system, but placing the entire system on trial in the court of both public and commercial venue. I cannot help it if you choose to embed your mind in a system of fiat foibles which, have been proven by history to be the most unstable of all monetary systems invented by man. As I stated, at one time those who advocated such monetary systems were considered extreme crack-pots, monetary idiots who didn’t have a clue about the means and methods of sound monetary exchange. For you to actually state that fiat monetary systems are growing stronger each day is the ultimate absurdity, and as you will see, the massive, unprecedented bailouts will only hasten the decay of the system.
Maybe Master C has not read the news on the recent Zimbawean dollar hyperinflation. That did not happen way in the past. That was recent. The U.S. Dollar with all the so called advances of today's fiat systems is not excempt from the same demise as the one in Zimbawe.
"Марксизм является Всемогущим, поскольку Это Верно"-Товарищ Lenin
The above saying was a favorite of Lenin's, it appears that Master C simply shares the same type of delusion faith in and about the FED and Fiat Money as Lenin did about Marxism.
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