Pelican
Yes I agree.

"Ultimately governments need to grow a spine and corporations need to live or die by the principles of business."

That's the whole thing in a nutshell.

The Corporates took control of the USA when President Woodrow Wilson signed away the right of Congress to issue currency in the name of all the people.The Private Federal Reserve now has absolute power.They elect presidents,start wars and bring on recessions and depressions for profit.You are all witnessing it right now.

Yes but the people wouldn't be any better off if it was the president, or the congress, who were issuing the same amount of fake fiat currency, would it?

Peter Hume the currency is only fake when a Govt or private banking system produces more than the increases in GDP.Our private bankings system already does this.If the Govt produces new money it comes to us as a tax credit,private banks create new money as debt so we pay 3 times as much.How you ever thought where the new money comes from? Not all new money creates inflation.

The increases in GDP belong to all Australians and not select group of private banks.30% of our mortage money comes form OS banks who just create it in their computers anyway.What's wrong with our Govt computers.In the USA the amount of mone in the econmy is now equal to the amount of debt.The debt can never be repaid.It is the Private US Federal Res who created too much money and now is causing this depression by further inflating the derivatives bubble and restricting the supply of money to the real econmy.The bailouts were for the very devils who created the problem in the first place and so it continues today.

@John Jawrence Ward

Hi John.. I see you are new to OLO... (I've been in my usual spot.. Siberia for a month so have not had a chance to say "g'day" until now.)

All I want to know please is what is the underlying motive of you bringing your piece ? Do you propose an alternative.. a solution..an ideology or ..how and if so...what?

Pelly, you say:

"The US just replaced one 'imperial' type entity with another equally as omnipotent."

*smile*.. and there we have it... C'est la vie

Arjay
"Peter Hume the currency is only fake when a Govt or private banking system produces more than the increases in GDP."

Prove it.