The Inside Assyria Discussion Forum #5

=> yes but....

yes but....
Posted by aheist (Guest) - Saturday, July 31 2010, 2:10:02 (UTC)
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...my point was that sooner or later we all have to recognize that money is based on nothing at all....and governments must print their own...under no circumstances imagineable would they do a worse job than private banks have.

So long as there is work and workers and goods and services, printing money will not cause inflation...inflation is built into the system we have now...but even if there was...even if, as banks threaten, prices would double and triple and grow even one thousand times higher....so what? Money isnīt backed by anything tangible...all you have to do is raise salaries the same amount until the absurdity becomes painfully obvious.

Eggs are going to cost $1000 each? Okay, fine....so what. Raise salaries to the point where those egss are as affordable as they were when they cost ten cents each....big deal.

Gold and silver and oil are not the problem...the problem began when private bankers offered to bankroll governments and bought off enough politicians to get away with it...after that it doesnīt matter what they "back" their worthless paper with.

Thatīs the crux of the problem.



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