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The Forum > Article Comments > Paul Keating's ambivalence about Australia's war story > Comments

Paul Keating's ambivalence about Australia's war story : Comments

By David Stephens, published 29/11/2013

While Keating's speech in 1993 was appropriate to the occasion – the interment of only the second Australian soldier from the Great War to return home – the 2013 speech is in some ways of a different stamp.

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<<So did the WWI anti-war/anti-conscription movement, whose bravery and sacrifice prevented tens of thousands more Australian deaths on the killing fields of Europe...>>

A classic a case of free-riding I'd say.

If hundreds of thousands hadn't gone off to fight (esp. in the second world war) I would imagine it would be a very different world today...I wouldn't envisage there would be any Killarney writing on any forum bemoaning the evils of the military-industrial complex and the (imagined) virtues of "progressive" politics. It'd be all origami, chanoyu and 1000 blessings to his imperial highness "Son of Heaven" in haiku every morning.

PS No disrespect intended to the wonderful people of Japan, any disrespect here is intended only for locally grown "progressives".
Posted by SPQR, Sunday, 1 December 2013 8:34:02 AM
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extracted/from
http://investmentwatchblog.com/metallic-money-goldsilver-vs-credit-money-know-the-difference/

14points deletted

..15..When the U.S. went off the gold standard in 1971, it changed the relationship between citizens and their government when government no longer provided that guarantee.

16. Defaulters are bad vs. defaulters are only partly bad. In a gold money system, a person who takes out a loan and does not repay it is considered a bad person, almost a thief. He has robbed his creditors of the money they were rightfully owed.

In a credit money system, however, the creation of new debt is so important that anyone who goes into debt is a hero of the economy.

That is why under a debt money system, it is considered more important that new debt be created (e.g., as student loans) than to worry about whether they will ever be paid back or to pin blame and guilt on loan defaulters.

Conclusion: As we see, it is no exaggeration to say that the transition from gold money to credit money changes everything.

It changes every individual’s relationship with his own money, with government, and with banks. It changes the power relationships within society. It changes the patterns of ownership and wealth accumulation.

It is very important that citizens and investors understand the credit money system that they are trying to operate within.

Read more at http://investmentwatchblog.com/metallic-money-goldsilver-vs-credit-money-know-the-difference/#4qeQsC48mQvsujH2.99
Posted by one under god, Tuesday, 3 December 2013 1:05:10 PM
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For people with over 2,500 years of experience with gold money, it is difficult to understand it and get used to it.

But anyone who does understand it will be better off because of making better-informed decisions. We might as well get used to it because we shall likely have to live with a credit money system for a very long time.

Thank you, Jeff, for an insightful and extremely important overview of the critical differences between credit money and gold/silver. The key distinction of all these important distinctions is the ephemeral nature of credit-money (and any form of fiat currency).

History teaches us that a financial-political crisis of sufficient magnitude reveals the underlying value of credit-money–i.e. zero–in a brief but cataclysmic loss of faith/trust.

As correspondent Harun I. observed in Why Is Debt the Source of Income Inequality and Serfdom?

It’s the Interest, Baby: “Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more. This one last bubble cannot end (but it must).”

When the current bubble bursts, the difference between metallic money and credit money will be starkly visible: no one will trade gold or silver for any amount of paper/credit money, and the ephemeral financial instruments (“assets”) that dominate today’s financial system will be revealed for what they are: phantom promises of value.

Read more at http://investmentwatchblog.com/metallic-money-goldsilver-vs-credit-money-know-the-difference/#4qeQsC48mQvsujH2.99
Posted by one under god, Tuesday, 3 December 2013 1:05:20 PM
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let the ex treasurer..[who/gave away ourbank..explain]
or better kevi..who i told..about the right of seignorage.

yes..we missed the boat
first the queen..follows my advice
now obama..[see as sovereigns..ANYONE..has this right

Obama’s Trillion Dollar Platinum Coin

Ryan J. Reilly
huffingtonpost.com
December 3, 2013

The Obama administration was serious enough about manufacturing a high-value platinum coin to avert a congressional fight over the debt ceiling that it had its top lawyers draw up a memo laying out the legal case for such a move, The Huffington Post learned last week.

The Justice Department’s Office of Legal Counsel, which functions as a sort of law firm for the president and provides him and executive branch agencies with authoritative legal advice, formally weighed in on the platinum coin option sometime since Obama took office, according to OLC’s recent response to HuffPost’s Freedom of Information Act (FOIA) request. While the letter acknowledged the existence of memos on the platinum coin option, OLC officials determined they were “not appropriate for discretionary release.”

HuffPost submitted the FOIA request when there was increased speculation about the use of the platinum coin option ahead of the debt ceiling crisis this fall. Under the compromise reached between the House and Senate following the government shutdown, the U.S. will hit the debt ceiling once again on Feb. 7, though the Treasury can use extraordinary measures to extend that deadline.

Supporters of the platinum coin option say that under a 1996 law allowing the Treasury Department to mint a platinum coin in any denomination, the president could order the manufacture of, say, a $1 trillion coin that would be deposited in the Federal Reserve. The Treasury Department would then use the platinum coin funds to meet government obligations without the need for Congress to grant any additional spending powers.

Read more

the good news is

http://www.infowars.com/trillion-dollar-coin-idea-to-save-the-economy/

http://www.infowars.com/if-obama-can-just-create-a-trillion-dollar-coin-then-why-do-we-have-to-pay-taxes/

no need to thank..me
it was my pleasure
Posted by one under god, Wednesday, 4 December 2013 10:08:21 AM
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