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Great article comparing the decline of Roman coins to US coins
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<p>[QUOTE="Howard Ryan, post: 7823568, member: 118722"]The evils utilizing promise to pay to the bearer on demand as some sort of value is atrocious. If we had a competent incorporated congress that used public banks or the US to inject low interest credit into towns all across the country for productive avenues... all the better. But that does not happen.</p><p><br /></p><p><br /></p><p>There are groups of people that want to get rid of coins as bank credits are already mostly digitalized. So, unfortunately, the future looks to be digitalized 'credit' using Impact/Value markets that will also be a promise to pay to the bearer on demand just with frr more debt and niche markets making humans commodities to be traded on wall street.</p><p><br /></p><p><br /></p><p>The US inc. is a self-funding corporation, so I'm not quite sure why congress chartered a bank to work like this when they could freely issue credit into productive avenues and give people a chance, which would boost economy and they would not have to pay it back!</p><p><br /></p><p><br /></p><p>'A decent work worth reading is SHORT HISTORY of Paper Money and Banking IN THE UNITED STATES including an Account of PROVINCIAL AND CONTINENTAL PAPER MONEY to which is prefixed AN INQUIRY into the principles of the system with considerations of its effects on morals and happiness. The whole intended as a plain exposition of the way in which paper money and money corporations, affect the interests of different portions of the community' by William Gouge.</p><p><br /></p><p>Also, Gold and Silver coins have no intrinsic value and these metals can easily be manipulated. Just recently my town used our shit and diarrhea as a medium of exchange... no joking. I found it bery useful.</p><p><br /></p><p>That being said there might look to be a correlation between debasement and cultural degradation, or rather, debasement and the decline of empires but I don't really think the fall of empires, however, has so much to do with debasement of so-called 'intrinsic value' than it has to do with greed and members of empires working for their own personal agendas or that of their corporate lobbyists, foreign agents, etc., at the expense of the general welfare. I mean it doesn't help that the US is a make work retail corporation meme economy that basically props up service sector jobs for the benefit of the very rich. Hopefully this changes and I think it started in the 1970's when we significantly devauled the USD and later off-shored jobs to china because corporations could make a larger profit that way.</p><p><br /></p><p><br /></p><p>Which reminds me of the constitution that mentioned this general welfare thing though we cannot forget the convention that framed the constitution had 24 land speculators, many bankers and corporate lawyers, etc., not one mechanic or farmer.</p><p><br /></p><p>I think the decline of empires, if not Barbarians waiting at the flood gates, is due to the taking advantage of the general welfare. </p><p><br /></p><p>But I'm stupid, so who knows.[/QUOTE]</p><p><br /></p>
[QUOTE="Howard Ryan, post: 7823568, member: 118722"]The evils utilizing promise to pay to the bearer on demand as some sort of value is atrocious. If we had a competent incorporated congress that used public banks or the US to inject low interest credit into towns all across the country for productive avenues... all the better. But that does not happen. There are groups of people that want to get rid of coins as bank credits are already mostly digitalized. So, unfortunately, the future looks to be digitalized 'credit' using Impact/Value markets that will also be a promise to pay to the bearer on demand just with frr more debt and niche markets making humans commodities to be traded on wall street. The US inc. is a self-funding corporation, so I'm not quite sure why congress chartered a bank to work like this when they could freely issue credit into productive avenues and give people a chance, which would boost economy and they would not have to pay it back! 'A decent work worth reading is SHORT HISTORY of Paper Money and Banking IN THE UNITED STATES including an Account of PROVINCIAL AND CONTINENTAL PAPER MONEY to which is prefixed AN INQUIRY into the principles of the system with considerations of its effects on morals and happiness. The whole intended as a plain exposition of the way in which paper money and money corporations, affect the interests of different portions of the community' by William Gouge. Also, Gold and Silver coins have no intrinsic value and these metals can easily be manipulated. Just recently my town used our shit and diarrhea as a medium of exchange... no joking. I found it bery useful. That being said there might look to be a correlation between debasement and cultural degradation, or rather, debasement and the decline of empires but I don't really think the fall of empires, however, has so much to do with debasement of so-called 'intrinsic value' than it has to do with greed and members of empires working for their own personal agendas or that of their corporate lobbyists, foreign agents, etc., at the expense of the general welfare. I mean it doesn't help that the US is a make work retail corporation meme economy that basically props up service sector jobs for the benefit of the very rich. Hopefully this changes and I think it started in the 1970's when we significantly devauled the USD and later off-shored jobs to china because corporations could make a larger profit that way. Which reminds me of the constitution that mentioned this general welfare thing though we cannot forget the convention that framed the constitution had 24 land speculators, many bankers and corporate lawyers, etc., not one mechanic or farmer. I think the decline of empires, if not Barbarians waiting at the flood gates, is due to the taking advantage of the general welfare. But I'm stupid, so who knows.[/QUOTE]
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Great article comparing the decline of Roman coins to US coins
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