Australian Politics Forum - Who Controls Money!

Karnal

Gold Member

Offline

Australian Politics

Posts: 95204
Gender: male

Re: Who Controls Money!
Reply #45 - Jan 12^th, 2020 at 12:02pm

Richdude wrote on Jan 12^th, 2020 at 5:37am:

Karnal wrote on Jan 11^th, 2020 at 1:34pm:

Bias_2012 wrote on Jan 11^th, 2020 at 10:37am:

[quote author=Karnal link=1577975891/41#41 date=1578696545]How do these theorists relate to your argument?[/q

Of course you already know don't you - A fairer monetary system controlled by the representatives of the people ...... not by the shady representatives of the representatives

How do Hayek and Douglas propose to do that, Bias?

CH Douglas did indeed propose a fairer system and it has been implemented on a small scale for a short time - it works!

Money can be created in a fiat system as debt or credit. the problem being with the latter are politicians buying votes and resultant runaway inflation. However if money is spent carefully on infrastructure, education, research and building business - the result is no or little inflation. You're building the economy - larger cake........

How do you think Australia built the rail system, roads etc early 20th century? The Commonwealth Bank was a national bank that worked for government. Look up Dennis Miller. He was the head of the bank and boasted that "any scheme or enterprise Australians could envisage he could fund at no cost to the taxpayer".

All money is backed by the "full faith and credit of the Australian people". You're the creditors! Grin

You've just described the policy of the Australian Greens, Rich.

Back to top

IP Logged

aquascoot

Gold Member

Online

Australian Politics

Posts: 34277
Gender: male

Re: Who Controls Money!
Reply #46 - Jan 12^th, 2020 at 12:35pm

Karnal wrote on Jan 12^th, 2020 at 12:02pm:

Richdude wrote on Jan 12^th, 2020 at 5:37am:

Karnal wrote on Jan 11^th, 2020 at 1:34pm:

Bias_2012 wrote on Jan 11^th, 2020 at 10:37am:

[quote author=Karnal link=1577975891/41#41 date=1578696545]How do these theorists relate to your argument?[/q

Of course you already know don't you - A fairer monetary system controlled by the representatives of the people ...... not by the shady representatives of the representatives

How do Hayek and Douglas propose to do that, Bias?

CH Douglas did indeed propose a fairer system and it has been implemented on a small scale for a short time - it works!

Money can be created in a fiat system as debt or credit. the problem being with the latter are politicians buying votes and resultant runaway inflation. However if money is spent carefully on infrastructure, education, research and building business - the result is no or little inflation. You're building the economy - larger cake........

How do you think Australia built the rail system, roads etc early 20th century? The Commonwealth Bank was a national bank that worked for government. Look up Dennis Miller. He was the head of the bank and boasted that "any scheme or enterprise Australians could envisage he could fund at no cost to the taxpayer".

All money is backed by the "full faith and credit of the Australian people". You're the creditors! Grin

You've just described the policy of the Australian Greens, Rich.

That may be their official policy but their ideology is that humans are a plague on the planet and the quicker they go away the better.
More closely aligned to the position of the Columbine school shooters.
Nihilistic resentful bitter lost

Back to top

« Last Edit: Jan 12^th, 2020 at 12:54pm by aquascoot »

IP Logged

Richdude

Gold Member

Offline

Australian Politics

Posts: 8457
NC
Gender: male

Re: Who Controls Money!
Reply #47 - Jan 12^th, 2020 at 1:12pm

Karnal wrote on Jan 12^th, 2020 at 12:02pm:

Richdude wrote on Jan 12^th, 2020 at 5:37am:

Karnal wrote on Jan 11^th, 2020 at 1:34pm:

Bias_2012 wrote on Jan 11^th, 2020 at 10:37am:

[quote author=Karnal link=1577975891/41#41 date=1578696545]How do these theorists relate to your argument?[/q

Of course you already know don't you - A fairer monetary system controlled by the representatives of the people ...... not by the shady representatives of the representatives

How do Hayek and Douglas propose to do that, Bias?

CH Douglas did indeed propose a fairer system and it has been implemented on a small scale for a short time - it works!

Money can be created in a fiat system as debt or credit. the problem being with the latter are politicians buying votes and resultant runaway inflation. However if money is spent carefully on infrastructure, education, research and building business - the result is no or little inflation. You're building the economy - larger cake........

How do you think Australia built the rail system, roads etc early 20th century? The Commonwealth Bank was a national bank that worked for government. Look up Dennis Miller. He was the head of the bank and boasted that "any scheme or enterprise Australians could envisage he could fund at no cost to the taxpayer".

All money is backed by the "full faith and credit of the Australian people". You're the creditors! Grin

You've just described the policy of the Australian Greens, Rich.

The Greens are a blight on humanity. What used to be a party for the betterment of the people has become a political lever for the radical left.

The 5th plank of the communist manifesto calls for a central bank. Central banks are a privately owned cartel of bankers. The very worst kind of capitalists.

Communism is a fraud! But then as Bias says - you know that.

Back to top

The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”

IP Logged