Use access key #2 to skip to page content.

ReadEmAnWeep (74.39)

Government Conspiracy... or Incompetence in the White House?

Recs

17

June 29, 2009 – Comments (17)

Recently, the second chapter of Forty Centuries of Wages and Price Controls by Robert L. Schuetting and Eamonn Butler was released for a free read at the Mises Institute.

whereaminow recently copied this chapter to his blog:

"A History of Inflation in Rome: Are We on a Similar Course?"

 He wrote:

1. Governments rarely learn from history, as you are about to read.  America - and just about every government - debases their currency for the same reason the Romans did: it concentrates power in the hands of government.”

 

 

So today as I was watching a movie I made a connection…

 

Today, the government continually raises taxes and prints money (devaluing the dollar by causing inflation) to support a ridiculously big government with a large payroll and a huge military.

 

Back in mid evil times king/dukes and what have you would force the serfs to work their fields in a similar manor to share cropping. The idea was that the serfs had to work the lords fields for over half the week for no compensation. Then the serfs had the few days remaining of the week to work their own small gardens. They had to do this to grow their own food and to raise money for the “rent” they owed to lords. The whole never ending cycle happened because the rent was outrageously large and could never be paid off, so the serfs would be in bondage forever. They had many practices to ensure the huge gap between serfs and lords suck as never allowing the serfs any form of education.

There are many forms of this, this is just one example so you can see how it works. An interesting side point is that this unfair practice still happens today in 3rd world countries.

 

Anyways enough of this back-story. Back to my point.

 

 

So as I was saying I was thinking. Back then they had this share cropping type thing going on to keep people always working and under control. TODAY, we have taxes and inflation keep everyone under control.

Its an interesting idea (an no I’m not trying to go all hippie on you) but its true.

You have your average head of household who spends his whole time working to make a living. Before this person is working they are going to school (college or no college, we all have to sit in school – but this is good, because education is good. My point is that people do they so they can work later). So school to work, then work to pay bills. There we go – our never ending cycle.

 

The reason I relate this to the whole share cropping thing is that the government makes it incredibly difficult for anyone to accumulate wealth. They have taxes on your income (just like the whole “rent” idea) and as if they is not enough they continually print out new money to find all their programs and devalue the money (the point from Forty Centuries of Wages and Price Controls about governments devaluing money to keep power in their hands).

 

So there we go. This has been kind of a scrambled thought… But hopefully I got my idea across. What do you guys think?

(also, as you can tell I don’t like inflation… What are some good things someone can to do help take the bite of inflation away?)

 

17 Comments – Post Your Own

#1) On June 29, 2009 at 12:45 AM, WiseChoice4u2 (65.24) wrote:

Agree.  I live in another country where they do that kind of thing on a regular basis.

Report this comment
#2) On June 29, 2009 at 2:23 AM, biotechmgr (34.82) wrote:

I think more people are awakening to this idea. Inflation is a tax on the populace to enrich bankers.

Read the current issue of Rolling Stone about GS for more conspiracy which goes way beyond just theory.

Report this comment
#3) On June 29, 2009 at 8:32 AM, dbjella (< 20) wrote:

It is too bad that this type of thinking is considered too complicated for the average person to understand.  I was talking with a few people over the weekend about the effects of inflation.  It didn't take long for the conversation to turn to Michael Jackson.  

In my opinion, the populace is not ready : 

 

Report this comment
#4) On June 29, 2009 at 9:02 AM, Rebkong1 (< 20) wrote:

great post...and we NEED MORE people WAKE UP and notice the path and PLAN (DELIBERATE PLAN ) this puppet of a president (obama, bush, clinton, bush) is/were taking this country down.....THIS IS DELIBERATE PEOPLE...wake up and SEE THE TRUTH

Report this comment
#5) On June 29, 2009 at 9:18 AM, ralphmachio (25.13) wrote:

It may be in our genes.  As ridiculous a story this is, I'm gonna tell it any way.  I'd like to make it clear that Zecharia Sitchin is the foremost interpreter of Syrian Aramaic tablets, and he might be wrong, but here goes.  

The oldest text in the world states that we are a slave race created by inhabitants of the planet Niburu, which has an eccentric orbit, and is part of our solar system, but only comes around every several thousand years.  they created us to mine gold to make into a fine powder and somehow suspend it in the air to make up for their depleted ozone layer.  They encoded it into our genes, which is why many have a knee jerk reaction when enlightened to the fact that they are slaves which turns the fault on the informer.  

Fact is, all I see are eager slaves.  Who cares how they got here?  I am not afraid of being labeled, hippie or otherwise.  Does the wolf care what a golden retriever thinks about him?  Being receptive to slavery, not knowing who your masters are (who does own the fed anyway?), and being upset by the very discussion of the status of your enslavement?....This could only be achieved by this enslavement being on the genetic level!  You are programmed to be slaves!  And to like it!  Only question is... What the hell am I doing here?  

I don't know about Niburu.  I DO know that our history is very strange, in that we have gone through a period of extreme enlightenment during ancient times that gets ignored, falsely debunked, and defies our mainstream accepted view of history.  

Why was it illegal for commoners to read the bible?  Is it possible that the Roman Catholic Church knew that the Earth was round while telling people otherwise?  Why have the pyramids in both Egypt and South America got pi in their dimensions?  The pathagorians would kill anyone who disclosed their mathematical secrets which were carved in stone over a thousand years prior, in two very remote regions.  

Therefore,(I realize that for brevity sake, I have not fully substantiated these claims, but I can) a global seafaring race that understood very complex mathematical and astronomical data preceded us, and is most definitely being hidden from us.  Who is hiding this from us?  hmm... I've definitely given enough clues.  

Hope you've found this entertaining. 

Report this comment
#6) On June 29, 2009 at 12:20 PM, ReadEmAnWeep (74.39) wrote:

dbjella,

That is too true. I tried talking to a couple of people about this (and investing or politics or w/e) and usually get a glazed look. That’s one thing I like about CAPS. Sometimes you get some intelligent conversations going. Report this comment
#7) On June 29, 2009 at 12:25 PM, ReadEmAnWeep (74.39) wrote:

WiseChoice4u2, biotechmgr, dbjella, & Rebkong1:

I agree guys, we need more people to wake up to this or something. I think that there is a huge gap between what the government’s policies are (i.e. printing money continuously to fund large public project or what have you) and what the people would actually want. I think that there are too many people who really just don’t care enough to find out what’s going on and put their voice out.

(Although I have been guilty of this too, but I am trying to get into politics and all that more)

Report this comment
#8) On June 29, 2009 at 12:32 PM, ReadEmAnWeep (74.39) wrote:

ralphmachio: I usually don't get into the whole conspiracy theory type stuff too much but it sounds like looking into the oldest text in the world and what it says.

I have noticed that people are completely satisfied to ignore inconvenient things and go on with their lives. Especially you can see evidence of this in people’s savings habits. Everyone likes the whole instant gratification thing and ‘who cares if I won’t have money next year’.

 

Report this comment
#9) On June 29, 2009 at 12:36 PM, ReadEmAnWeep (74.39) wrote:

I don't if all the inflation and taxes are some kind of conspiracy (giving power to the government and suppressing people by not ever letting them accumulate wealth) or if it is just an incompetent administration that spends too much. (Hopefully the new one cuts spending like they promised)

Although if anyone is interesting in reading that chapter from the blog I mentioned in my post, it is interesting how many parallels there are to what our government tries today to fix the economy. It does mention that the Romans continuously made money to fund their large military and large government, but this inevitably cause massive inflation and destroyed their economy (well maybe not destroyed but screwed it up royally).

 

Report this comment
#10) On June 29, 2009 at 12:56 PM, UltraContrarian (31.52) wrote:

"The reason I relate this to the whole share cropping thing is that the government makes it incredibly difficult for anyone to accumulate wealth."

Of course, this is false. It is incredibly easy to accumulate wealth in modern America compared to most other places and times in human history.

Report this comment
#11) On June 29, 2009 at 1:19 PM, outoffocus (23.03) wrote:

Actually the difficulty to accumulate wealth comes more from too much debt than inflation.  Americans on average have too much debt and are indoctrinated to believe that they MUST be in debt in order to live the "American Dream". 

You have your average head of household who spends his whole time working to make a living. Before this person is working they are going to school (college or no college, we all have to sit in school – but this is good, because education is good.  My point is that people do they so they can work later). So school to work, then work to pay bills. There we go – our never ending cycle.

Our system is rigged so that if we dont borrow not it will be that much harder to borrow in the future. If you go to college than most likely you are coming out in tremedous debt.  It is also during these years that students are introduced to credit cards.   Iin most of the US you cannot buy a house without debt.  So what ultimately happens is you go to school (accumulate debt), go to work (accumulate more debt), buy a house (more debt), buy a car (more debt), get married (more debt), have kids (more debt). Then the government devalues the currency and lowers interest rates (a disincentive to save and encouraging more debt).  In the end our American dream is merely us working hard to get a raise in hopes to pay off our never-ending cycle of debt with weaker currency and pay raises that dont stack up to the real rate of inflation.  People have to work that much harder just to get by.  Its like we're chasing our tails.

Report this comment
#12) On June 29, 2009 at 1:36 PM, VintageCat (< 20) wrote:

I think about these things often.  Both my husband and I took up the yoke with the thought that it would be for our sakes, we would not get caught up in keeping up with the Joneses and we would be slaves only for a predetermined time frame to accumulate what would be needed to retire, travel, think, volunteer and retool our lives.  

My only concern now is that the powers that be will find a way to leach debt free citizens of the bits of their wealth in order to drag them back into servitude.  The current anti-retirement (a slave till you are dead) rhetoric is a tool of that process IMO.  

Report this comment
#13) On June 29, 2009 at 2:16 PM, ReadEmAnWeep (74.39) wrote:

 UltraContrarian: 

"Of course, this is false. It is incredibly easy to accumulate wealth in modern America compared to most other places and times in human history."

I know that it is easy here compared to other places. Wasn't saying that its bad here compared to other placed. Just relating what they did back then to how I see it in a capitalist society.

 

outoffocus:

"In the end our American dream is merely us working hard to get a raise in hopes to pay off our never-ending cycle of debt with weaker currency and pay raises that dont stack up to the real rate of inflation.  People have to work that much harder just to get by.  Its like we're chasing our tails."

 I agree that the major cause of people never breaking their class barriers here is that people load up on debt (Just ask my friend how he likes credit card companies...) This would actually be a better comparison to the "rent" that the "share croppers" would have had to pay. Although their "debt" was a lot more unfair and unrealistically high. But at the same time people do load themselve with an unrealistic amount today. Luckily for me I made it through the marrage thing, and still trying the college thing without any debt so far.

 

 VintageCat:

Good point. That's something I was trying to get at in my post. I'll admit I dont have an incredible amount of investing exp. yet. But it seems to me that the system, investing/saving, is tilted out of the normal investors favor. There are a lot of taxes for everything it seems. One point brought up in the "A History of Inflation in Rome: Are We on a Similar Course?" blog is that the government taxes for large public works project (or w/e they are taxing for) that the majority of the people don't even want.

 

 

I don't know if there is anything we can really do about all this other than just argue that we should be taxed less, lol.

Report this comment
#14) On July 13, 2009 at 10:28 PM, ReadEmAnWeep (74.39) wrote:

"

Recommended reading:

Economics in one lesson by Henry Hazlitt is a fantastic book. It's even available online free here:

http://jim.com/econ/

Economics for Real People by Gene Callahan.    This is an Introduction to the Austrian School (of Economics). Reading it will give some insight into what the Fed is attempting and whether it will really have a good effect."

Report this comment
#15) On July 13, 2009 at 10:45 PM, smithydoogle (44.53) wrote:

This will be entertaining to all HUD the Dept of Housing and Urban Development is giving states,counties, and cities to buy condemned homes. The local governments will then tear them down and build new houses, which will then be sold at HALF PRICE!. The kicker to this is that instead of having a generic model the Gov is going to hire a architect to design each house which will run at around 20,000+ per house. So instead of curbing the decrease in home values in areas of high foreclosure they will further depress the market even further. This is not a minor thing it is expected that 32 million will be spent for these projects over the next few years where I live. 

 

Report this comment
#16) On August 12, 2009 at 1:21 PM, whereaminow (21.88) wrote:

ReadEmAnWeep,

That's a good read.  You are definitely going through some heavy thinking.  Always a good process.

One doesn't have to be a conspiracy theorist to understand the method of power.  Inflation and taxes are a purposeful policy.  Perhaps not every person in government or banking understands the beast.  Perhaps many of them even believe their own propaganda regarding how progressively noble it is to redistribute wealth.

But for the truly prescient progressive, the Ellsworth Toohey, all they care about is power.  Inflation and taxes give one group of people power over another. 

The rest is just spin.

David in Qatar

Report this comment
#17) On August 12, 2009 at 1:33 PM, dargus (80.60) wrote:

UltraContrarian is right here. If you read Adam Smith, he says the average works pays something like 99% of his wages for food. The amount of disposable income we have today provides us freedoms our ancestors could never have imagined. 

Report this comment

Featured Broker Partners


Advertisement