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.
if you say future labor, then that as well for the US note.
I don't think you fully appreciate what this means. This is exactly, precisely, no ifs, ands, or buts about it, slavery.
I agree that it sucks that we are slaves to the Fed and those that own the Fed, but being a slave to a new master is not an improvement. It's not an upgrade, it's at best a sidegrade. I'll not be joining that insanity, nor would it be wise for humanity to think like that. Us believing (as we do) that our government is our sovereign is the fraud. That's what we currently believe the Fed is, our government, and we currently believe that the "dollar" as we call it, is a promise on our slavery.
And you want to make that a reality because you think that's better than the truth, that our real slavemaster is a hidden hand instead of an overt one.
The government is not your sovereign. That is the fraud. That the Fed is the real government is irrelevant. That's just the structure of the fraud. The real fraud is one of teaching us that we are slaves.
Sovereign means "ultimate authority." Who is the ultimate authority of you? Let's set aside the answer of "God," or, "the universe," etc. The validity of such an answer is questionable, and depends on what those things really are, which is the subject of much (pretty much all) debate. My question is, within the scope of our physical realm, who is the ultimate authority of you?
The answer of course is you. You are the sovereign of you.
The government can't be your sovereign because there can be no "hierarchy" of sovereigns. That suggests that one entity has more rights, more authority over you. Yet you are the ultimate authority of you. Ultimate means there is no higher authority. Therefore, the government can't be your sovereign, thus they can't enslave you. Only you can enslave yourself.
What this means is, any system designed to enslave you in such a manner, automatically contains within it, the coercion to encourage you to enslave yourself, and that is a crime; a direct violation of your sovereign rights, which is to say, inalienable rights (those are identical sayings).
I suggest it would not be a good idea to set up a government, or economic system based on crime.
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.
I don't think you fully appreciate what this means. This is exactly, precisely, no ifs, ands, or buts about it, slavery.
I agree that it sucks that we are slaves to the Fed and those that own the Fed, but being a slave to a new master is not an improvement. It's not an upgrade, it's at best a sidegrade. I'll not be joining that insanity, nor would it be wise for humanity to think like that. Us believing (as we do) that our government is our sovereign is the fraud. That's what we currently believe the Fed is, our government, and we currently believe that the "dollar" as we call it, is a promise on our slavery.
And you want to make that a reality because you think that's better than the truth, that our real slavemaster is a hidden hand instead of an overt one.
The government is not your sovereign. That is the fraud. That the Fed is the real government is irrelevant. That's just the structure of the fraud. The real fraud is one of teaching us that we are slaves.
Sovereign means "ultimate authority." Who is the ultimate authority of you? Let's set aside the answer of "God," or, "the universe," etc. The validity of such an answer is questionable, and depends on what those things really are, which is the subject of much (pretty much all) debate. My question is, within the scope of our physical realm, who is the ultimate authority of you?
The answer of course is you. You are the sovereign of you.
The government can't be your sovereign because there can be no "hierarchy" of sovereigns. That suggests that one entity has more rights, more authority over you. Yet you are the ultimate authority of you. Ultimate means there is no higher authority. Therefore, the government can't be your sovereign, thus they can't enslave you. Only you can enslave yourself.
What this means is, any system designed to enslave you in such a manner, automatically contains within it, the coercion to encourage you to enslave yourself, and that is a crime; a direct violation of your sovereign rights, which is to say, inalienable rights (those are identical sayings).
I suggest it would not be a good idea to set up a government, or economic system based on crime.