This is insufficient. I don't think the US has any gold. Without backing, there can be no "US note". Plus, while I think PMs are an excellent piece of a solution, relying on PMs exclusively is not the way. We must create a new system of barter. Asset backed crypto is the way to go. All stocks, PMs, any asset that can be reasonably stored and the infrastructure for exchange between real and crypto created.
Fiat can't work. If you have fiat without forcing fiat (taxation, which is a fraud) then people will just use barter. PMs can't work by themselves. PMs can be horded, and then the economy is trivial to control. That's how this whole mess started. In fact the evidence suggests that the hording of PMs has been the cause of the destruction of many of the largest empires. PMs by themselves can't work. True barter is the only way.
I agree for the most part, and most crucial is precious metals backed US note. But I mean for right now. Why can't the US start issuing notes? People can't tell the difference when they switched from US notes to fed res notes, they probably won't notice when it's switched back again. The difference is we, as guarantors via taxation powers, won't also be crushed under enormous interest. The ponzi scheme that was the fed reserve is up, it's come due. There's just too much debt and not enough new victims.
What is it going to be backed by? If it doesn't have a backing, or it isn't used under forced taxation (which is a complete fraud) then it's nothing but a piece of paper.
The Federal Reserve note is backed by our future labor. While that's as useful as unicorn farts in the present, it at least has something. Are we going to ensure that the US note is also backed by our future labor (indenture)? Are we going to trade one slave master for another?
I think not.
If we have gold, and the government can back it by gold (or silver, or whatever) than I'm all for it. It would be an excellent stopgap. But a piece of paper that says "US Note: Backed By Nothing" is worth exactly what it is backed by, and people will just use barter.
Here's a hint. People can already use barter. They don't have to use FRNs. We could use silver. We don't need the government to tell us what to do. We could use wheat grains, or fish, or whatever as a barter intermediary (though wheat and fish don't last too long). The point is, a US note that is worthless, is worthless. It won't solve anything.
The difference is we, as guarantors via taxation powers, won't also be crushed under enormous interest.
Slavery is slavery. Taxation for anything other than purchases or use (present moment taxes, i.e. paying to use something, buy something, etc.) is slavery. This is no solution.
The ponzi scheme that was the fed reserve is up, it's come due.
While I agree it was doomed to fail at some point, it didn't have to be for a long time. Probably another 50-100 years. We've been exporting inflation. We had plenty of more exporting we could do. It will fail soon, but that is by choice, not an inevitability.
But whatever the fed res notes are backed by, the US note can be backed by the same thing? if you say future labor, then that as well for the US note. The fed res makes govt almost an after thought since they don't need govt to print fiat. My objection to the fed res not just because it's a theft system but it really does make govt beholden to it rather than govt having powers of mint. Systems of currency have existed before the fed res.
end the fed, problem will take care of itself. the fed can start right now issuing US notes and return all fed res notes to fed res banks.
This is insufficient. I don't think the US has any gold. Without backing, there can be no "US note". Plus, while I think PMs are an excellent piece of a solution, relying on PMs exclusively is not the way. We must create a new system of barter. Asset backed crypto is the way to go. All stocks, PMs, any asset that can be reasonably stored and the infrastructure for exchange between real and crypto created.
Fiat can't work. If you have fiat without forcing fiat (taxation, which is a fraud) then people will just use barter. PMs can't work by themselves. PMs can be horded, and then the economy is trivial to control. That's how this whole mess started. In fact the evidence suggests that the hording of PMs has been the cause of the destruction of many of the largest empires. PMs by themselves can't work. True barter is the only way.
I agree for the most part, and most crucial is precious metals backed US note. But I mean for right now. Why can't the US start issuing notes? People can't tell the difference when they switched from US notes to fed res notes, they probably won't notice when it's switched back again. The difference is we, as guarantors via taxation powers, won't also be crushed under enormous interest. The ponzi scheme that was the fed reserve is up, it's come due. There's just too much debt and not enough new victims.
What is it going to be backed by? If it doesn't have a backing, or it isn't used under forced taxation (which is a complete fraud) then it's nothing but a piece of paper.
The Federal Reserve note is backed by our future labor. While that's as useful as unicorn farts in the present, it at least has something. Are we going to ensure that the US note is also backed by our future labor (indenture)? Are we going to trade one slave master for another?
I think not.
If we have gold, and the government can back it by gold (or silver, or whatever) than I'm all for it. It would be an excellent stopgap. But a piece of paper that says "US Note: Backed By Nothing" is worth exactly what it is backed by, and people will just use barter.
Here's a hint. People can already use barter. They don't have to use FRNs. We could use silver. We don't need the government to tell us what to do. We could use wheat grains, or fish, or whatever as a barter intermediary (though wheat and fish don't last too long). The point is, a US note that is worthless, is worthless. It won't solve anything.
Slavery is slavery. Taxation for anything other than purchases or use (present moment taxes, i.e. paying to use something, buy something, etc.) is slavery. This is no solution.
While I agree it was doomed to fail at some point, it didn't have to be for a long time. Probably another 50-100 years. We've been exporting inflation. We had plenty of more exporting we could do. It will fail soon, but that is by choice, not an inevitability.
But whatever the fed res notes are backed by, the US note can be backed by the same thing? if you say future labor, then that as well for the US note. The fed res makes govt almost an after thought since they don't need govt to print fiat. My objection to the fed res not just because it's a theft system but it really does make govt beholden to it rather than govt having powers of mint. Systems of currency have existed before the fed res.