Comments on: The Established Religion of Credit http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/ Independent News for Independent Americans Thu, 11 Mar 2010 10:08:01 +0000 http://wordpress.org/?v=2.5.1 By: Liberty Savings Bank http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-870 Liberty Savings Bank Thu, 11 Sep 2008 20:43:40 +0000 http://www.independentamerican.org/?p=42#comment-870 I have been searching on the net for liberty savings bank and end up visiting your site. I really like the posts here, especially this one regarding The Established Religion of Credit. I already bookmarked your site and sure visit again. I have been searching on the net for liberty savings bank and end up visiting your site. I really like the posts here, especially this one regarding The Established Religion of Credit. I already bookmarked your site and sure visit again.

]]> By: coin collecting society http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-789 coin collecting society Tue, 09 Sep 2008 04:04:20 +0000 http://www.independentamerican.org/?p=42#comment-789 <strong>coin collecting society...</strong> This is similar to comment spam but avoids some of the safeguards designed to stop the latter practice..) Some individuals or companies... coin collecting society…

This is similar to comment spam but avoids some of the safeguards designed to stop the latter practice..) Some individuals or companies…

]]> By: christopher http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-427 christopher Wed, 27 Aug 2008 14:35:10 +0000 http://www.independentamerican.org/?p=42#comment-427 I did see it. The Fed must be closed down. PERIOD. Gold and silver must be a part of the money doubt that the level of trade internationally can on a gold and silver only level as the world will steal our gold and silver unless the whole world is on that standard. Gold and silver have been manipulated many times in the past by the wealthy. Gold and silver do not eliminate this problem. Gold and silver is not the only answer but must be a part of the answer. I do not know the answer but I do know that gold and silver, alone, are not the answer. The rich will just manipulate the gold and silver standard to steal from the poor and middle class. Congress has the authority to fix these problems including making it treason for the bankers and the wealthy to corner the gold and/or silver markets and to impose foreign exchange rates to protect the USA monetary system. I did see it.

The Fed must be closed down. PERIOD.

Gold and silver must be a part of the money doubt that the level of trade internationally can on a gold and silver only level as the world will steal our gold and silver unless the whole world is on that standard.

Gold and silver have been manipulated many times in the past by the wealthy. Gold and silver do not eliminate this problem. Gold and silver is not the only answer but must be a part of the answer. I do not know the answer but I do know that gold and silver, alone, are not the answer. The rich will just manipulate the gold and silver standard to steal from the poor and middle class. Congress has the authority to fix these problems including making it treason for the bankers and the wealthy to corner the gold and/or silver markets and to impose foreign exchange rates to protect the USA monetary system.

]]> By: Howard http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-418 Howard Tue, 26 Aug 2008 22:55:57 +0000 http://www.independentamerican.org/?p=42#comment-418 Christopher may never see this, but I have to respond to his comment. ANY inflation, even if it is only .01% per year is still artificial and confiscatory. So long as the FED has the ability to control the money supply artifically, the threat of fiscal slavery is real. You may have the right idea, but it was hard to pull out of what you said. Only when the general public has easy access to gold and silver and the medium of exchange used by all is tied directly to these commodities will this problem be solved. Christopher may never see this, but I have to respond to his comment. ANY inflation, even if it is only .01% per year is still artificial and confiscatory. So long as the FED has the ability to control the money supply artifically, the threat of fiscal slavery is real. You may have the right idea, but it was hard to pull out of what you said. Only when the general public has easy access to gold and silver and the medium of exchange used by all is tied directly to these commodities will this problem be solved.

]]> By: Levi Philos http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-405 Levi Philos Mon, 25 Aug 2008 15:00:44 +0000 http://www.independentamerican.org/?p=42#comment-405 Interest bearing hypothecated debt as the basis for a money system sees expression as the Kondratieff cycle. See post number 26 to the thread "The Kondratieff Winter is Upon Us" linked here: http://goldismoney.info/forums/showthread.php?p=1253415 where I refer to this creditary money system as the "Galloping Gertie" model for money. See also this thread entry that links to the Creditary Economics model and the proponents: http://goldismoney.info/forums/showthread.php?p=1253391 Levi Philos Interest bearing hypothecated debt as the basis for a money system sees expression as the Kondratieff cycle. See post number 26 to the thread “The Kondratieff Winter is Upon Us” linked here: http://goldismoney.info/forums/showthread.php?p=1253415 where I refer to this creditary money system as the “Galloping Gertie” model for money.

See also this thread entry that links to the Creditary Economics model and the proponents: http://goldismoney.info/forums/showthread.php?p=1253391

Levi Philos

]]> By: Kim http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-389 Kim Sat, 23 Aug 2008 20:31:17 +0000 http://www.independentamerican.org/?p=42#comment-389 This is a well reasoned and sound expose on this topic. Thanks for sending it my way. Kim This is a well reasoned and sound expose on this topic. Thanks for sending it my way. Kim

]]> By: christopher http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-379 christopher Sat, 23 Aug 2008 16:25:59 +0000 http://www.independentamerican.org/?p=42#comment-379 Metal only money is obsolete. The key is strict regulation of "money" by elected officials with penalties involved if inflation climbs steadily. It must also be tied to Gold and silver coins that do not have monetary unit amounts such as "dollars" but only weight. These must be acceptable as legal tender. Then if the "money" is abused the gold and silver coins maintain their value better than most forms of "savings." Metal only money is obsolete. The key is strict regulation of “money” by elected officials with penalties involved if inflation climbs steadily.

It must also be tied to Gold and silver coins that do not have monetary unit amounts such as “dollars” but only weight. These must be acceptable as legal tender. Then if the “money” is abused the gold and silver coins maintain their value better than most forms of “savings.”

]]> By: Levi Philos http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-377 Levi Philos Sat, 23 Aug 2008 15:07:17 +0000 http://www.independentamerican.org/?p=42#comment-377 Credit as money is tied to precious metals as money. The problem is of a fundamental nature. The precious metals do not circulate and are held in vaults and other various and sundry "hidy holes." Thereafter credit becomes money and circulates in stead of the so-called backing. The answer to this conundrum is to totally redefine what money is. I have redefined money as a communication, and provided a variety of methods of creating these monetary communications where proper recognition of the seigniorage is accounted. Check the website gold is money dot info - general category for writings of "JCarvingblock" While I recognize that precious metal coinage can be used in monetary affairs, my point is that limiting your monetary communications to a single vector is unnecessarily limiting. Money is a method, or associated sets of methods that allow humans to exchange real things by proxy. Levi Philos Credit as money is tied to precious metals as money. The problem is of a fundamental nature.

The precious metals do not circulate and are held in vaults and other various and sundry “hidy holes.” Thereafter credit becomes money and circulates in stead of the so-called backing.

The answer to this conundrum is to totally redefine what money is.

I have redefined money as a communication, and provided a variety of methods of creating these monetary communications where proper recognition of the seigniorage is accounted.

Check the website gold is money dot info - general category for writings of “JCarvingblock”

While I recognize that precious metal coinage can be used in monetary affairs, my point is that limiting your monetary communications to a single vector is unnecessarily limiting.

Money is a method, or associated sets of methods that allow humans to exchange real things by proxy.

Levi Philos

]]> By: Daniel http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-250 Daniel Wed, 13 Aug 2008 04:26:40 +0000 http://www.independentamerican.org/?p=42#comment-250 I read similar article also named The Established Religion of Credit, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me I read similar article also named The Established Religion of Credit, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

]]> By: Alex http://www.independentamerican.org/2008/08/02/the-established-religion-of-credit/#comment-241 Alex Tue, 12 Aug 2008 10:47:44 +0000 http://www.independentamerican.org/?p=42#comment-241 I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road! I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!

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