BRICS gold-backed currency and the many issues that it needs to overcome. The main concern is, who do you trust to hold the gold?
(www.youtube.com)
🗣️ DISCUSSION 💬
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (49)
sorted by:
What I'm saying is that barter doesnt give us a free market any more or less than fiat or single commodity does. All it does is add complexity to the marketplace that is exploitable.
Barter is a weaker option because it can target specific people or groups to destroy, where a single commodity or fiat model has the manipulations spread across the entire market place.
A "fiat or single commodity" are the same thing. If all trade must use some commodity as intermediary, that is what "fiat" means. Whether it has intrinsic value or not has nothing to do with "fiat". See my post that elaborates this above.
No one is stopping people from using an intermediary in a Free Market. You can use any intermediary you want. You can trade WHATEVER you want, at any time, in any trade deal.
A Free Market does not exist with restrictions. That is the definition of a free market. A demanded currency is a HUGE restriction to trade, and thus to a free market. Who enforces that trades pass through a fiat currency? Who makes the fiat (demand from an Authority) in the first place? Who regulates that fiat currency? A fiat currency can only exist with a regulatory body. There is no free market if trade is controlled by a regulatory body.
There must also be legal incentives to use a fiat currency, to enforce the fiat (command from Authority) that demanded it's use as intermediary, otherwise people will just use whatever the fuck they want (free market). This is always done (as far as I have found) by taxation. You must pay taxes (specifically income or property taxes) to the King in the fiat currency, and everyone has to pay these taxes, thus everyone uses the fiat currency. But taxation on what is already yours is thievery. A thus taxed people are an enslaved people. A fiat currency is used exclusively to enslave people and to enslave trade.
How? I'm wracking my brain and I can't even contrive a situation where this becomes a true statement, much less be some ubiquitous vulnerability.
Any centralized authority (which is what a fiat currency is) is always the first thing that is created before the takeover of anything. Indeed, my investigation suggests that gold and silver as currency itself was exactly such a centralization of authority. Centralized Authority is Cabal Plan 101. First you convince the public that they need a Centralized Authority, then you create it, then you put your agents in it, then you control the control structure itself. You can't control a decentralized entity. It's too robust. That is the entire purpose behind every Centralized Authority in existence, and every single one was either created by, or subverted by, the Cabal.
A free market is the ultimate decentralization of authority. It is FREE to do whatever both the market, and the individuals making a trade want to do. That includes what trades are going to happen, how they are going to take place, if some intermediary is going to be used in some trade deal, and what that intermediary is.. The defining characteristic of a Free Market is that it, and the people, are FREE TO CHOOSE THEIR OWN PATH. If a free market and a free people are not free to choose their own path, then they are not free at all.
It isn't that barter "gives us a free market." That's putting the cart before the horse. It's that a Free Market only exists with barter.
In other words, you are splitting hairs on a topic to be technically correct? As it stands, you will never ever have your definition of a free market completely unencumbered by restrictions. A "fiat" currency is currency that is used from authority. A commodity-based currency is based on a commodity as a portion of that commodity. You can have both (fiat dollars based on gold) or you can have simply gold coins, which is not fiat even if you have a king's face on the coin as you can melt down the gold and use it for barter or in items you want to build (like electronics or w/e).
This is very confusing of a response.
I have no idea why you say this, unless I just don't understand your response (it is confusing). In general, this is not something that I do, because I don't actually care about being "correct" (or at least I care less than most people). I'm an investigator. I dig deep. Putting aside my preconceptions or desires is a fundamental part of my investigations. That doesn't mean it's impossible for me to get the bit in my teeth, but you have not supported the assertion that I am doing that here in your response.
Why?
"Issued from authority" yes, "used" is not quite the right word, but close enough. We'll call that "agreed."
Agreed.
Agreed on all counts. The problem is, nothing that I said disagrees with these statements. Instead, you completely skipped addressing everything that I actually said (which is why it was confusing).
Because i summed up what you said three to four times in a row with my question, because thats what I got from it. It started sounding like a no true scottsman traffic circle.