Take that, you dirty savers.....
- Thread starter Duck Rodgers
- Start date
besides paying no interest, openly raiding people's piggy banks is sure no way to attract savings to supply the needs of business for loans.
gonna dry up the whole banking system all over Europe.
But hey, the govt. can always just print the money and give it to the bankers, right???
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There's nothing in the scriptures on the subject of fiat currency just printed by the Government of God, or even the Lord's anointed.
paper money, and our modern base metal coinage, are essentially "contracts" negotiable in the markets. You give me a loaf of bread, or any other stuff, I give you a contract I hold from the government that is supposed to be worth something on the market when you need some stuff. But when the Govt. just prints these contracts by the trillions, and passes them out like candy to the bankers, your "contract" is devalued.
So a better question to ask is since when did you expect that your government was not going to rob you every day of your life? Take your life savings and devalue it all to a crust of bread? And tax you over and over again because the "value" of your house has become one trillion worthless dollars instead of one hundred thousand dollars you were willing to work for at thirty dollars an hour?
Even Brigham Young didn't just print the Tithing Office script, but gave it out in return for goods deposited in the Bishop's Storehouse. . . .
well, yah, he handed out some in return for labors beneficial directly to him. Nice if anybody could have just done that. . . . . huh?
You're a financial genius Franklin. You're slowly but surely developing the rationale that supports the entire league of counterfeiters, not leaving our govt out at all. Krugman and Kicky are going to be proud of you.
I personally feel it's unethical to not invest excess and better the world for all -- The Puritan Work Ethic. Save and invest, not save and hoard while damning the government printer for not making this as convenient and foolproof as possible.
I resent your intentions of this comment as much as I resent the gold worshipers demanding government alter the medium of exchange into a special savings vehicle that provides them the convenience of a safe investment return without putting in the least bit of effort, while charging the workforce and spenders who make their savings possible for this socialized retirement utopia.
So no, babe, it is not me asking for anything special from the government. All I request is they fill their constitutional role of providing currency and then allowing democracy to decide when they do so in excess (the log chart of Flow of Funds remains steady). You are the socialist here with your demands that others insure your hoard of "savings".
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Your definitions need updating. Governments can never counterfeit their own currency. Neither can paper currency be devalued. It is worth nothing but represents the productive capacity of the nation. Make it scarce and that productive capacity vanishes. That is how you devalue your national currency and steal from every member of this republic.
I resent your intentions of this comment as much as I resent the gold worshipers demanding government alter the medium of exchange into a special savings vehicle that provides them the convenience of a safe investment return without putting in the least bit of effort, while charging the workforce and spenders who make their savings possible for this socialized retirement utopia.
So no, babe, it is not me asking for anything special from the government. All I request is they fill their constitutional role of providing currency and then allowing democracy to decide when they do so in excess (the log chart of Flow of Funds remains steady). You are the socialist here with your demands that others insure your hoard of "savings".
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Your definitions need updating. Governments can never counterfeit their own currency. Neither can paper currency be devalued. It is worth nothing but represents the productive capacity of the nation. Make it scarce and that productive capacity vanishes. That is how you devalue your national currency and steal from every member of this republic.
quite a rant, and thanks for thinking I deserved it.
A lot of people have differing opinions, and not all who differ from you, or me, are imbeciles. It is not the fashion of our times to give respect to others, and that is the portent of our rough seas ahead. . . .
I find it is a substantial issue for many people with IRAs, 401(k)s, and a variety of "balanced" investments whose purpose has been to preserve the value paid for a lifetime of labor, or work of any honest kind, that there are those who despise their efforts enough to scheme about ways to reduce the values which they have attempted to preserve.
However you dress up your ideas about using government paper currency manipulations to somehow maintain productivity, any substantial effects devaluing the stored values will trend to demotivate further productive effort by people who know it makes no sense to save.
I could probably go on in some detail, but I find long posts detract from their value and transferability.
Au contraire. What would you do if you knew your savings weren't guaranteed some value by the US government? That's rhetorical, I know what you would do -- buy a farm and work the land, add value to the world, be the guarantor of your own destiny.
Your interest in having government subsidize those with IRAs & 401ks is curiously non-conforming to your usual libertarian values. Are we to keep the status quo with social security as well? What of the younger generation whose labor is already taxed at 15.3% to support the wealthy older class? No wonder they're so underemployed...