Winter Solstice only 5 Years Away

[Guest guest]

The truth is there is no country on the planet does not use fiat

currency. I believe that Switzerland was the last hold-out, switching

over in 1999 or so.There are benefits to a fiat currency

outside of the control it gives to various banking organizations. The

ability to create credit for investment can be used for significant

economic growth. In 1999, the U.S. dollar was strong, the percentage

of debt to government income was decreasing, the U.S. was dominating

the tech industry and the government had a surplus, that could have

been used to pay down our debt, both internal and external.

Instead, George Bush became President. The surplus went

away. The U.S. technological advantage went away. The wars, unwieldy

and unhelpful boondoggles like Medicare Part D, the movement of foreign

nations from the petro-dollar to other reserve currencies for trading

oil, our refusal to lead on alternative energy, and a complete lack of

regulation of big business (Enron, Worldcom, the sub-prime crises) have

led to exploding debt, devaluation of the dollar, and the exacerbation

of all the negative potential of a fiat currency. It is not a requirement that a fiat currency destroys the

middle class at the expense of the very rich. It is a matter of policy

and governance.Libertarians like Ron Paul are very correct

about one thing however, The U.S. originally got on the fiat currency

from the gold standard under Richard Nixon, because we could not pay

our debts from Vietnam. If we did not have unnecessary wars, we would

not need as much flexibility with our currency.

I would suggest that telling people to " look it up " is not a

helpful suggestion. One might read Milton Friedman and his libertarian

economic policies, but one could also read 100 books denouncing Milton

Friedman. In the world-wide progressive community, his economic

policies are referred to as " disaster capitalism " . This is because

rather than removing power from the government into the hands of the

people, it removes power from the government into the hands of big

business.

Libertarians believe that the removal of government intrusion

will bring about freedom, that you associate with the coming Aquarian

Age. Liberals believe that a informed electorate will have a

representative body in government that protects the needs of the

majority from the influence of the few wealthiest families, and through

proper governance and citizen participation, we will have a free

nation. Dr. Gurucharn Singh, on the other hand, told me of a city in

South Korea which will track all citizens of the city at all times

electronically. I find this horrific. He described it as " The

Aquarian Age " where no data is hidden.

Seems there are a lot of different visions of the utopia that

is to come. I am very wary of anyone who claims that their vision is

the one true path.

[Guest guest]

waheguru!

 

thank you Dharam Singh for your response. I am glad

to hear another take on these issues.

 

I am, like you, wary of the seemingly inordinate

interconnection of information that is on its way.

But then, I have nothing to hide. Maybe accepting it

is a way to " let go. "

 

I am not sure, but when I consider the push to

standardize all food and herbal supplements, my

intuition tells me there is something less benign

afoot than simple information sharing.

 

I think you are right, however, to have corrected me

on the " look it up " thing. There are a lot of

negative takes out there. The book (and the video on

YouTube) I would recommend is called " The Creature

From Jekyll Island. " It is about the creation of the

Fed.

 

I am very aware that fiat currency is in place in most

nations around the world, and that they were modelled

after our own system. I am not of the opinion this is

a good thing. The Euro is a great example. The

central banks in the individual nations of Europe

allowed their own currencies to flounder so that when

the Euro was instituted, the debt owned by the banking

industry could be paid. There are already meeting

being held to create the Amero for North America, and

the devaluation of the dollar would only assist in

making our transition to said currency more palatable,

and even more desirable. Again the banking industry

is protected and again, a new currency appears " out of

thin air. "

 

I guess the money-out-of-nowhere thing bothers me. In

my understanding, the intrinsic value of things

doesn't change, only the numbers attached to it. And

I don't like the idea that someone is arbitrarily

making decisions to devalue the dollar and causing the

less wealthy suffer due to the rise in costs.

 

in any case, I appreciate that this forum has opened

up for these issues. Prosperity consciousness comes

in many forms.

 

Peace, love and light

Dev Atma Singh

 

 

 

 

 

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