WHY You Can't Print Money...
Dear Uncle Sam:
It is amazing how many people have no fundemental understanding of money. Especially attorneys like myself and those that have accumulated a bunch of it.
Money is simply a representation of a unit of production. The production can be a good or service. MONEY MUST ONLY BE CREATED BASED ON PRODUCTION, OR THE REASONABLE EXPECTATION OF PRODUCTION (a loan), or it is essentially fraudulent or counterfeit.
When you print money out of thin air, not backed by any production or expectation of production, and others accept it for their production, you essentially become GOD over other humans without any moral right to do so.....
Over the last 10 years our nation inverted the legal nature of money without the citizens understanding it. We printed trillions and trillions of dollars (with fraudulent private loans and government counterfeiting) BEFORE anyone produced and that started driving this thing we call our economy/civilization.
A problem inevitably sets in when money can be printed out of thin air......WHO IS ENTITLED TO THAT PRINTED MONEY?
In a Democracy like ours, it will almost mathematically create conflict. Something I knew was coming. Now we are threatening to shut down our bankrupt government over $30 billion dollars when the deficit is more than 50X that amount? Please, there is no concept of conservative or liberal anymore, just thief and bigger thief.
It will be interesting to watch how this plays out....do we fund Planned Parenthood or Bombing the World? Should we print money and hand it to 50 million food stamp recipients or a billions in bonuses for a few corporate executives. Maybe we just print up $1,000,000 and hand it to every man, woman and child in America? Maybe $2,000,000?
Let the fight begin.......it is what any rational person knows will happen when you destroy the legal nature of money and everyone wants/needs money in an Industrial Society.
All the best,
PS: This is and will be a Global Issue and FWIW....it is amazing it took this long to unfold. Soon we will all be asking, who is entitled to another human's production when money can be simply printed out of thin air......TOO BAD THIS KIND OF SYSTEM CAN'T WORK IN SEX BETWEEN COUPLES.....the bias would clearly favor the taker/printer.