JKJ,The truth is self evident.I don't have to justify the truth and reality.Money has no worth unless it is backed by human productivity.Money costs nothing to produce.The private banks by creating money from nothing own they productivity and create it as debt.This is a theft on many levels.

This system actually keeps most people on this planet in poverty because only a few control the creation of money.

Arjay
You still haven't explained or justified your belief that the money supply needs to be inflated in line with population or productivity growth. Money also would be worth nothing without the existence of oxygen, or sunshine, or land. So what? That doesn't mean the government should have a monopoly over the supply of money, and even if it did, it wouldn't mean it needs to constantly inflate the supply of it.

Furthermore if you figure out a way to make your work more productive, why does that increase in productivity presumptively belong to "all of us", rather than to you? And if it does, why only the people in Australia?

"The private banks by creating money from nothing own they productivity and create it as debt.This is a theft on many levels."

Actually they're creating money substitutes, not money in specie.

You are ignoring the facts that
a) government licenses them to do it, and that
b) in the absence of that governmental permission it would otherwise be illegal as against the law of fraud.

And you're not suggesting government shouldn't have the right to do that, are you? No. You're suggesting that instead of the theft being carried out by government-licensed banks, it should be carried out by government-licensed banks, aren't you? Yes.

So:
a) why would that be any improvement?, and
b) wouldn't it be more to the point to abolish the governmental power to license theft in the first place?

You are blowing hot and cold. On the one hand you allege a need for government to constantly inflate the money supply; and then you blame the instrument by which government achieves this end.

JKJ,why cannot you as an individual,go to your garage and create money from nothing just like a few elite banksters?

You think money is wealth, when in fact the wealth exists in the skills and intelligence of all in our society.Money is the medium of exchange for this interaction of skills and knowledge to happen.It's supply should not be controlled by and elite few since they can then pervert it's function and have absolute power over us.

The basic question is,who should own our skills and intelligence? Private Banksters who create money with the click of a computer mouse or the people who toiled to achieve it?

Western Govts today are controlled by private banksters since they can no longer create their own money.It is called modern serfdom.

Arjay

So why is that an argument in favour of government
a) having a monopoly power to issue money?
b) having a monopoly power to manipulate interest rates?
c) to inflate the money supply?

I don't think "money is wealth" and you are not in a position to tell me what I think. You are also not in a position to talk down to me about monetary theory, because you haven't explained why you're not contradicting yourself. Answer the question: you think the government should license banks to inflate the money supply; why would that be better than the original problem which is government licensing banks to inflate the money supply?

There's nothing stopping you doing exactly that, Arjay.

>>JKJ,why cannot you as an individual,go to your garage and create money from nothing just like a few elite banksters?<<

Just be careful not to try to pass it off as legal tender. Folks get pretty miffed if you try that.

The real problem, though, is trying to get someone to accept it in exchange for goods and services. My tip: stick with the genuine article.

Yes, when I tried to buy a TV at Harvey Normans they weren't willing to accept my "Jardine dollars", which had some fancy scrollwork put there by a Spirograph, and calligraphy saying "The governor of the central bank of the Commonwealth of Jardinistan promises to pay the bearer on demand 1 (one) Jardine dollar: signed: Jardine K. Jardine, Governor". They wouldn't swap a TV for my money, even though the stamp on it carried the full authority of the issuing authority - me.

And when I tried it with my own home-made version of the Commonwealth of Australia's own "banknote", complete with fancy scrollwork and promises based on thin air, I was taken away in handcuffs and locked in a cage.

However the question is, what make the "genuine article" of "money", whose value comes from the authority of the stamp thereon, any more genuine, than the readiness and ability of the Commonwealth's monopoly forces, to do just that?