Reader: "How many people who morally opposed the war
are attempting to profit from the same war ravaged nation now?"
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(Thanks, A. :) In reference to this post: Reader: "what is this obsession y'all have w/'currency'?" hobie -- Sunday, 21-Jul-2013 20:22:15 ...Reader Andy writes (and I'll comment along the way): *************************************************************************** Re: Reader: 'what is this obsession y'all have.... A couple of thoughts on these matters. 1. How many people who morally opposed the war are attempting to profit from the same war ravaged nation now? Sure it's in the name of the greater good of civilization, but isn't it possible that is the same justification that those who engineered the war told themselves. (hobie: The idea of "attempting to profit from" suggests "taking something from". In this circumstance it appears Iraq is about to have a very solid and stable financial situation, owing to that country's wealth of internal resources, no longer under control of a dictator or Bush-and-company. Folks holding dinars and preparing to exchange them for their own or other national currencies won't be taking anything at all from Iraq in that process.) 2. I am currently reading a bio on Alexander Hamilton since I wanted a better understanding of the man I believe most singularly responsible for the current economic state of the country and to some degree the world. It seems to me that he really believed that the rich, since they already have wealth, in return for a stable financial system would use their wealth more for the betterment of society than to increase their wealth and power. Unfortunately history has shown how wrong he was. (hobie: If that's what Hamilton believed, he was an honorable and reasonably altruistic man. Our question would be, then, "What happens when wealth is in the hands of honorable and reasonably altruistic men and women?") 3. Most lottery winners are broke within a few years or even worse off than before they won. Seems like all these currency schemes are just really large lotteries. It's hard to imagine the same won't be true here as well. Really it sounds like the increased amount of money would increase the size and power of the system people are trying to escape. How does that help in the long run? Plus will supply and demand not apply to the over situation in that how much will that money be worth when the system is flooded with an increase in the amount currency? Andy (hobie: Yes, but it's the system itself that's about to change. We've never known any system other than the one built on debt-based fiat currency and artificially induced scarcity. In that system, "more currency" is "inflation". But we're talking about a system in which "honest money", that is, currency based on real-world substance, is the central economic feature, and bankers can no longer create money out of thin air by the stroke of pen. In that system there would be no "flood" of an increase of currency.) *************************************************************************** http://www.rumormillnews.com/cgi-bin/forum.cgi?read=282980 |
1 comment:
only a total idiot would rob himself and family from a once in a life time opportunity because of this sort of emotional rapist mentality... first of all every dinar returns to Iraq at the revalued rate... if something leaves your hand at a penny and returns valued at 3 dollars what you just had happen was a huge increase and investment in your rebuilding.... And for the first time ever it isn't inbred sociopaths but common people who will spread the wealth by spending, however naive they may be with money, the dollars end up serving the economies worldwide...
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