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alstry (35.91)

Why You Can't Print Money

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April 08, 2011 – Comments (15)

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,

Alstry

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.

15 Comments – Post Your Own

#1) On April 08, 2011 at 11:56 AM, L0RDZ (82.03) wrote:

Didn't I already skim this same blog once already ???

I thought I asked if you were a criminal lawyer ?

it must have just been a bad dream ?

 

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#2) On April 08, 2011 at 1:01 PM, Betapeg (< 20) wrote:

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.....

The Federal Reserve is playing god? LOL. Ok. Is the President playing Jesus? 

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#3) On April 08, 2011 at 1:56 PM, alstry (35.91) wrote:

Now you got it....finally.  I am shocked it took you this long.

IN GOD WE TRUST........now we are going to find out what happens when you can no longer trust GOD.

Where this gets really interesting is how those with a lot of money wake up to this fact....a good prelude is Madoff's clients.

Madoff was the Jewish Bond.....he was pretty much the most powerful man on Wall Street....highly respected by his clients....he had a reputation second to none.....until you could no longer trust him.

Remember.....subprime was contained and housing never fell in value and we were not in a recession......UNTIL YOU LEARNED DIFFERENT.

And I promise...you will learn that no nation, or group of nations, in the world has enough money to lend money to a country with a deficit as large as ours.....so our only alternative is to print....otherwise known as counterfeiting.

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#4) On April 08, 2011 at 2:04 PM, L0RDZ (82.03) wrote:

Clearly you have never seen Norm's bar tab from Cheers ?

 

 

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#5) On April 08, 2011 at 3:02 PM, Betapeg (< 20) wrote:

Yea, those Jews at the Fed (Bernanke) are destroying America. 

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#6) On April 08, 2011 at 3:48 PM, alstry (35.91) wrote:

This is not a religous issue....and quite frankly only a reflection of your ignorance to raise such an inference.

Counterfeiting is Counterfeiting...Stealing is Stealing...regardless what religion you think you are....

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#7) On April 08, 2011 at 3:58 PM, Betapeg (< 20) wrote:

It was a joke.

Since they are counterfeiting, why don't you report them to the Secret Service so they can take care of it? 

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#8) On April 08, 2011 at 4:17 PM, alstry (35.91) wrote:

My suggestion to you is read the Federal Reserve Act....it may help you understand the statutory requirements for creating money.

It would not be the first time the government did something wrong...however, NEVER has the FED crossed the line like this before.....never has the system of money been comprimised.

And as far as the Secret Service, it deals with counterfeiting is it applies to an outside party and the soverign.  The issue of a soverign counterfeiting its own currency is an issue of first impression in America....and a very interesting and convulsive one indeed.

the moral question is whether it acceptable to become a thief to save the system, no matter how big the system.....a parallel question could have been asked of the Catholic Church on how it delt with misbehaving Priests and preservation of its "system."

If we don't proactively deal with this issue, the market/world will....as our currency continues to lose its value....unless we are willing to force others to accept it....but don't be surprised if someone actually hits back.

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#9) On April 08, 2011 at 4:26 PM, Betapeg (< 20) wrote:

Monetary policy is monetary policy. Counterfeiting is counterfeiting. Don't mix the two together. If there is a problem with monetary policy, let's talk about it. Frankly, I think such rhetoric as, "The Feds are counterfeiting and stealing," can hardly be called substantive and I'm obliged to be a skeptic. 

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#10) On April 08, 2011 at 4:35 PM, alstry (35.91) wrote:

My guess is you are not an attorney as based on your response you are not qualified to render a legal conclusion.

I appreciate the fact you are skeptic...many were skeptical women could vote or African Americans could be free.....

at some point, you will no longer be skeptical...

my guess is it will occur when WW3 starts, currency is worthless, or and economic collapse occurs.

Based on Oil crossing $113 today....real estate essentially dead.....and violence and unrest spreading rapidly...you could be faced with all three at the same time.

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#11) On April 09, 2011 at 6:16 AM, Betapeg (< 20) wrote:

Right, you find some obscure clause in the Constitution and then use it to claim the government is counterfeiting its own currency, and then want me to believe you're actually lawyer as if it mattered one way or the other (it doesn't). 

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#12) On April 09, 2011 at 8:53 AM, alstry (35.91) wrote:

Oil is at $113 and climbing.....oil is the lubricant of the Industrial Age......

If you don't do something about it....the market will.

People used to laugh when I said most dot.coms were worthless.

People used to laugh when I said house prices would decline 50%

People used to laugh when I said banks were bankrupt.

The market always restores morality....one way ot the other.

Seriously, did you really think you could print your way to prosperity?

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#13) On April 11, 2011 at 5:50 PM, L0RDZ (82.03) wrote:

FYI Alstry people are still laughing....... 

There is no morality ????  pass whatever you are smoking...

Works pretty good if you are the one printing.... now doesn't it....

 I should have been a money printer..... 

instead i'm just fine...

 

 

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#14) On April 11, 2011 at 11:01 PM, Betapeg (< 20) wrote:

People used to laugh when I said most dot.coms were worthless. 

People used to laugh when I said house prices would decline 50%. People used to laugh when I said banks were bankrupt. 

 

You should be a billionaire if you had that kind of foresight, but of course, you're not. Why did I not find your name in Michael Lewis's The Big Short

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#15) On April 11, 2011 at 11:29 PM, SilverDoctors (< 20) wrote:

Throughout history, mankind has struggled to end the boom/bust economic cycle, and usher in a new age of economic prosperity.  The middle ages saw monarchy/ feudal/ serf systems.  Marx and Lenin believed economic prosperity could be achieved through socialism or communism- complete sharing of economic wealth and resources.  The modern Western world - influenced by the likes of Adam Smith, Keynes, and Friedman, has tried to achieve this through capitalism- the private ownership of goods with the incentive for personal profit.   The Chinese have developed a modern hybrid of capitalism and communism.  Hard money advocates believe fiat currency is the issue, and a return to sound money such as gold and silver will finally usher in the era of economic prosperity.

 

Each of these economic systems has been used numerous times, and all have miserably failed at creating uninterrupted growth and prosperity.   The end result is always a concentration of wealth and capital among a small percentage of elite at the expense of the rest of the population.   This wealth and capital inequality fueled by debt continues to build until a tipping point is reached, and the economy collapses.  This endgame always develops in one of two scenarios. Read the rest here  www.silverdoctors.com

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