[geocentrism] Private AND COMPETITIVE Currencies
- From: bernie brauer <bbrauer777@xxxxxxxxx>
- To: geocentrism@xxxxxxxxxxxxx
- Date: Tue, 6 Feb 2007 10:36:24 -0800 (PST)
Last updated: November 25, 7:07 pm
Private AND COMPETITIVE Currencies
A better way than a State-run business
is called a private laissez-faire COMPETITIVE market.
Anyone should be free
to start their own clothes manufacturing
business tomorrow morning. Likewise, anyone
should be free to start their own
currency manufacturing business tomorrow morning.
see: www.libertydollar.org
Do we need Corporate Fascism in the clothing industry
or Corporate Fascism in the currency industry, run by a private
company and given a State monopoly? No.
Many agree with that and think they are
geniuses for knowing that the Federal Reserve is
privately owned. Then these same people
suggest State Communism as a solution. Let a
State monopoly take care of it and charge
no interest they say. Have the state issue it's own currency.
But you know what? I can already envision 24+ percent
currency inflation per year under this system and, as
a result, the prices of goods and services rising 24% per year.
Having a state monopoly for currency
would not work for the same reasons
it has not worked in any other industry.
There are 1,001 good books available
on the corruption of the state and the
immorality of communism. It would not
work because of the "criminality" and inefficiency
inherent in the state. And having one hundred countries each
with it's own currency monopoly is NOT real competition,
it's just one hundred corrupt, immoral
and inefficient statist monopolies.
A private AND COMPETITIVE
( many suppliers ) currency industry is the real,
practical, moral and Biblical solution that works.
COMPETITION would keep currency businesses honest
and producing the best products, probably
gold-backed currency, but more important than
that, backed by whatever two parties VOLUNTARILY
agree upon.
The only possible role for the State and their police
would be to prosecute people for criminal
acts like stealing clothes or counterfeiting
currency. And that my friends is the simple
easy solution that solves all questions
and problems in the currency
business once and for all. But there are
a lot of government intellectuals
and investment newsletter writers who
make a good living by keeping
the waters muddied and avoiding at all costs
a final, single and simple solution. So expect
the debate to continue and only two
solutions offered, Corporate Fascism or
State Communism. But never suggest
what works in every other business, a private
AND COMPETITIVE laissez-faire, free-enterprise market.
Bernie P. Brauer
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Food, Clothing and Shelter should be built, owned and
operated by government.
The above headline is false. It is NOT true. That would be State communism
which everyone knows is disasterous economically. That headline was
to shock people into the truth by using analogy.
OK, the same is true of the currency industry. There is no good practical,
philosophical, moral or Biblical reason for the State to own or control the
currency industry. The food, clothing, shelter and currency industries
are too important for the State to assume ownership and/or control.
A lot of people will say words to the effect of:
"We need to abolish the private control of credit and bring
it under government control".
Now here is what the correct economic liberty view is:
Imagine a clothing industry in your country run by a single
private corporation which was granted a government enFORCED monopoly.
This is an example of fascism ( private ownership and State control ).
There are always all kinds of inefficiencies and corruption in this setup.
Now imagine a solution proposed for this clothing industry which
is for the government to run the clothing system. This is an example
of State communism ( State ownership and State control )
There are also all kinds of inefficiencies and corruption in this setup.
Now the correct solution for all the problems in the clothing industry
would be to have economic liberty. In other words competition amongst
many suppliers, freedom of entry into the business and freedom
by customers to choose and trade with any supplier.
Again, having one private corporation with a state granted monopoly over an
industry,
enFORCED by state gunpower is NOT a free-enterprise system. That is fascism.
So also, just apply the above logic to the "currency" industry
( credit is just a derivative of a currency ) and that's that - you have
your solution to the 1001 issues and controversies in the money/currency
industry.
The correct solution for all the problems in the currency industry
would be to have economic liberty. In other words competition amongst
many currency suppliers, freedom of entry into the currency business and freedom
by customers to choose and trade with any supplier.
In fact currency inflation would be eliminated and the prices
of all goods and services would FALL each year by the rate of
productivity increase, say 3% a year on average ( get your calculators
out and see how much a new car "should" cost now compared to
the year you were born in ).
And don't believe statist university propaganda that a free market in currencies
was tried 150 years ago and it didn't work.
Don't believe your commie, government intellectual professor.
The free market HAS worked 9,999
times/industries in a row and it would work here also.
If the police previously did a poor job
of catching and prosecuting for fraud or counterfeiting then
that is an indictment of the inefficiency of the State's police
and is just an argument for government to get out of
the police business also.
The only function of the State in the above scenarios would be to recieve a 911
call
from a business saying that a robber had just stolen clothes or
a criminal had just passed counterfeit currency, and would you please
catch and arrest them.
Bernie P. Brauer
see also: www.libertydollar.org
---------------------------------------------------------------------------------------------------
Was Milton Friedman a Socialist ?
The very first thing I look for in a person's
ideas to determine if they are a true libertarain is to
see if they believe in a Competitivised and Privatised
( I like s instead of z ) market in the Money/Currency Industry.
Milton Friedman does not seem to be one of these people
which makes him A BELIEVER IN COMMUNISM
or Fascism for the Money/Currency Industry.
Now, I should give him a break here because he secretly probably did
believe in that free market but knew too much said articulately
would result in a Kennedy style public execution by
military style triangualtion fire. Or just simply being shunned
by the media and every other institution that the
financial elite control. Or very likely the
now common and over-used small plane crash (a la John Kennedy junior. )
He should have wrote a book entitled "Free to Produce"
instead of "Free to Choose."
In there he could have had a chapter about how people
should be able to freely produce in the Clothing
Industry. Then he could have had another
chapter about how people should be free to produce in
the Money/Currency Industry.
He could have explained
that a free market would consist of a currency backed by gold.
Then he could have said that he just made a mistake about the
gold backing idea, and that a REAL free market would
be competitive with easy entry into the industry and that
currencies should be backed by anything two or more
people voluntarily agreed upon. That could be gold or silver or copper
or titanium, or playing cards for that matter.
If 100 million people in the USA decided they wanted a currency backed
by cherry wood or silver or titanium it would be
"illegal" to force them by a State Law to use gold as a backing.
Would Friedman have agreed with that?
-------------------------------------------------------------------------------------
Quote:
"In 1942, during world war two, Friedman actually went to work for the US
government. While there he helped design the payroll tax that in Britain is
known as PAYE, Pay As You Earn, and in the US as withholding tax, the system
that allows the government to administer the taking of income tax directly from
salaries and pay packets. Unlike everything else he argued for, withholding tax
has withstood the test of time and is in use all around the world. It was the
best thing that Keynesian-style government could ever have wished for..."
---------------------------------
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