oug, with the greatest respect, I am most certainly not going to spend one single minute of my time "rebutting" a claim that there is a group of "elites" out there somewhere, which is conspiring to exterminate 80% of the world's population and then to use "advanced technology" to enable themselves to live forever.

The very concept itself is flawed.

If the world is left with a load of "elites", how would they spend their money? Who would be left to accept their money? Even assuming they had the means, and the motive, and the opportunity - why bother? If you already have that sort of money, it all seems horribly pointless.

There, and I said I wasn't even going to spend a single minute, and I've already spent two.

It may float your boat to get all excited about this stuff, but to me it is simply laughable.

Just my opinion, of course.

Have a great day.

Unless of course this is the day they finally come for you and lock you away because you know too much.

"Dr Ron Paul,the Congressman for Texas is achieving some remarkable results.Just a month ago less than 10% of Congress supported a bill to audit the US Federal Reserve Banking system."

I grabbed this from the other thread.

Did that Congressman get his support?

Pericles.Just answer a simple question.If the Reserve Banks can create money not based on value and productivity,then why can't individuals or Govts do the same thing? Give us no gobble de gook about about money only having value when it is motion.

Money represents human potential,just like potential energy,it can be stored.

Just as an exercise in how the Reserve Banks work,try this exercise.Try playing Federal Reserve Monopoly.You can use an ordinary monopoly board.The game is played with this difference.The bank is also a player who can buy properties.Distribute most of the cash amongst 4 players.Leave the bank with only 10% of the money.The bank however can exercise it's power of fractional reserve and generate 9 times the amount of real money it has on hand.Let the bank charge interest on money loaned out.You will need to photocopy lots of extra inflationary cash to play this game.Watch the value of the properties escallate as more inflated money is added to the system.In the end,the bank will always win.

It the ordinary game of monopoly there is a limited amount of cash and prices remain constant.In a growing economy there is a need for extra cash but the banks need to be stopped in creating inflationary money that destroys ordinary people's assets.

Is this a fair way to play the game of economics?

I sense that you genuinely don't understand, Arjay.

>>Pericles.Just answer a simple question.If the Reserve Banks can create money not based on value and productivity,then why can't individuals or Govts do the same thing?...Money represents human potential,just like potential energy,it can be stored. <<

Creating money is not the issue. You and I could forge money to our heart's content - so long as we don't try to put it into circulation. If the Bank simply "creates" money, then sits on it, and doesn't do anything with it, why bother to create it in the first place?

And the bit about human potential, potential energy and storage doesn't work either.

Money does not in any way "represent human potential". It is simply an expression of value, given or received, past, present or future, foregone or anticipated.

The analogy with potential energy is a total mis-characterization. In physics, you can normally calculate potential energy, and rely upon it to remain stable. There are some exceptions - a battery, being chemical, will decay - but in general you are looking at some level of stability.

Money has absolutely no value at all in storage. Banks do not - have never, in fact - simply take your deposits and put them in a vault for safe keeping. They become investments, and earn a turn in doing so.

Your Monopoly analogy is fine as far as it goes - in an economy where the only good is property, inflation will tend to increase along with the supply of credit - but only so long as the other prices in the closed system, rent in this case, are able to rise too.

But it falls down – obvious when you think about it – because in Monopoly there is only one winner. And if – as you suggest – the Bank ends up with all the cash, who is left to actually take part in the economy?

No-one is left who can buy stuff.

The money sitting in the Bank has no value at all if it cannot move, and create value elsewhere.

I haven't yet heard any reason why, in this 21st century, we need money AT ALL? Surely if we moved on to a new system then a lot of the worlds ills would fall by the wayside?
Can anyone justify it's continued use, other than to say that it's always been done this way? Lets face it, if we scrapped it, the only losers would be the wealthy, no bad thing!

max[re your millions you must see that your million is in hard cash[the plan is to do away with hard cash..[create cyber credit..[where your COMPLETE credit is on a computer

you currently 'trust' banks,..but how much you trust computers?..[able to do those clever things computers are programed to do]

the plan is to micro chip you[and then the micro chip pays the bills[if the computer says you got credit]..if it says you dont,..you wont even get a meal..nor a drink..nor paid sex..[or a bed, or transport,..or be allowed to travel]..nadda/nothing

yes we can have faith..[but who controls the computer?

[what say a hacker greenie kills your credit?..what proof you got millions of credit..[not billions of debt?]

computers are infallable right...lol..[the computer says your broke[sorry sir your credit/says your poor..[by the way the computer says you should be in jail,..we have called security,,,how much faith you have in your friends?..[they have computer credit as well..[or if they join you the cop/computer..creativity creates..[virtual debt]

maybe its time we learned computer hacking..[a key here/a key click there and the earth is yours..[simply adjust the cyber-credit]

its funny i can under stand how poor ignorants dont care..[but mate you trust your millions to thieves and ursurors]..cyber autocrat's envisioning total live time control/nightmares are trying to take over the world,..defending the indefensable..was fine when we thought we had free speech..[thought we had cash to buy net acces]

max your not dumb..[how much faith you got in computers?..[what you never had one die on you?,..never had one make a simple human serror..[never had a virus delete your info], never had that error message when posting..

[what you think your special..[proto-gore thinks he is]..lol..he really believes money..[credit]..sitting in a bank is valueless..lol..but..lets see how value-less it is when it gets disappeared...he may be more correct than he thinks..yet not for the reason he thinks..lol