The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 10, 2019:

@Republicae So, you really want to quote Morgan as a purveyor of truth? "...What you think of as a Dollar as money, is merely a money substitute, just as J.P. Morgan, one of the founders of the Federal Reserve System, so aptly said “Gold is Money, all else is Credit”. Thus, what we have today is a money substitute based on credit/debt,...". You may choose to follow this scheister's definitions if you want, but not me. Though you begin to hit on the problem with "based on credit/debt". You are right, this Federally Reserved system is based on debt....AND INTEREST COLLECTING! If you want to know one basic fact and believe in one definition that is true it is this: God, Himself, declares Interest collecting to be unjust gain. It is UNJUST! That means that any system that is based on interest collecting and debt is unjust! Certainly it is gain for the money owners, namely the federal reserve, but it is UNJUST for everyone else that is required to use it!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 10, 2019:

@Republicae I do understand that you have great respect for the 'students of history who have spent decades researching' this complicated subject, though I do not understand this that you wrote: "...the origins and narrow of money,..." One of the problems with respect, however, is that it may blind you to others who have also studied but have reached different conclusions. For example: You know the tendency of human nature to see the foibles of others but not recognize the same in themselves? Similarly, when Menger's book is forwarded with...."...The public’s understanding of what money is and its origins has devolved...." The author of the forward fails to consider that his/her own understanding may be tainted. Certainly, the truth should correct any deceptions that are still out there, but, sadly, many don't really care about the truth. They'd rather "feel" like they are right by agreeing with so-called experts... I am not disagreeing with the origins of money and its history. And, it is probably most certainly true that those people who began to use gold and silver to function as"money" thought they were a pretty advanced civilization, with great understanding of how to create a sound economy. You continue to insist that whatever instrument is to be used to function as "money" must have inherent value. It is one of your 'bedrocks'. Your assumption that this is a fact because in early times...all "money" had value. They used to use other commodities as money. Until they discovered that gold and silver had all these wonderful qualities...etc. etc. etc. Then they started using it. The truth is, the function of money is that it is a trade convenience. It is used to represent value. To measure value. It does not have to be value in and of itself to function as a trade convenience. But, in order to function as such, the people using it must have "faith" that it will be honored in other exchanges or trade of "stuff", whether that be goods or services. People are rightly seeing the purchasing power of the 'dollar' decrease, so their faith is waning. And, those that see, such as you, are trying to figure out a better way to trade and "store" wealth. They are still free to trade commodities for other commodities if they can, as far as I know, though the IRS is trying to curtail that, too.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 10, 2019:

@Republicae Well, if you bemoan the exit of gold and silver as "money", wait till you see what they do with digital stuff, and the elimination of "money" altogether! And the "mark" on foreheads and right hands! My, won't that be a trade convenience? Every transaction monitored. No buying or selling (trading) without that 'mark'! I'll answer your posts after breakfast...Lord willing

The Fallacy "Begging the question" or "Circular reasoning" Now to one of the obscure Fallacies - ...

dmatic comments on Mar 9, 2019:

Of course I don't have any examples,....yet....because I'm just trying to understand what it is. Had an idea before, but this post helps. Certainly can relate to your yelling at the TV when NCIS or others use the phrase in another function entirely! In Logic, then, it does not mean...."the evidence...

dmatic replies on Mar 10, 2019:

@Leninsghost This begs the question: Do you need a new browser? :)

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae We're both pretty stubborn, aren't we? I gotta smile. I know that nobody else is probably reading these, so it's just you and me....You have an agenda and I do too, I suppose. I think it's important here to make known our hearts. Why are you devoting so much time and effort to share what you have discovered with me? And, vice versa? Because we both see the deception that is out there and are trying to correct it and warn people, and then to "argue" for the better way. The just and fair way. Now, I don't know how you come to your conclusions about what you believe to be right, but I must tell you that, I believe that part of our problems as humans is when we are all doing what is right in our own eyes. People don't seem to know what is right and wrong anymore. And then they argue with and hate each other when we all don't agree! United states....give me a break. Having said that, I do want you to know again, that I appreciate you hanging in with me here. Many there are, who having discovered part of the deceptions that are out there deceiving everybody else, and have come to your conclusions about the worship of gold, instead of God. Not trying to be offensive but that's the way I see it. We can have a love for God and do things His way, or we can have a love for gold (money) which as you may know, is the root of all evil. Gold has been a problem for a very long time....way before the invention of fiat money. You are right, of course to point out that "money" needs to be backed by something. In my view, money needs to be backed by the wealth that it represents. I understand that if they, or we, issue more money into our economy than there is wealth to back it, we would have inflation...but that has never been the case. Maybe until now. How much money is actually circulating in our economy now? Does anybody really have any idea? How much is lying in vaults in China? How much is lying in vaults in the US? QE 1,2,3 ad infinitum is setting us up for a huge fall. Let me ask you one question: When the Fed says that it wants to control inflation, what does it do? It raises interest rates to "cool" the economy, to hinder it from operating too "hotly". When the Consumer Price Index goes up, interest rates are raised? They don't take money out of circulation until they are ready to cause a depression. Which is what happened in the late 20's and early thirties. 1/3 of all the money in circulation was WITHDRAWN, out of circulation! But, I know what you're saying about debt!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae "As we have seen, particularly in the last few years, there has been a flight from Federal Reserve Notes into real values." This is true, because people, obviously are losing "faith" in these notes to act as money. Can't blame them, of course, when the whole system is about to come crashing down. The US government is bankrupt! Why would I take their notes? You do have the option, however, of bartering, of course. Not convenient but it is an option. Yes, certainly advise getting out of paper money and trade it for something of value....

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae I do so appreciate your efforts to understand and even of your mention of Ron Paul here: "Dr.Paul has done more to reveal to this country the nature of this deception than any other man in the last century!" I am studying, and have studied from a man that actually attempted to take these international financiers on. He uncovered their deceptive scheme in the early thirties.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae I'm still way behind: going to refer to an earlier post wherein you said: "All fiat monies, must essentially be continuously re-deposited, reissued in order to maintain a degree of functionality as money, in other words, since there is no actual asset behind the fiat currency then there is no measure of economic requirements to determine the optimal supply, since that is not possible the only option is to continue to expand the supply thus constantly lowering the purchase value of the fiat currency and thus lowering the economic viability of each fiat unit. Thus, despite all the efforts to make fiat money substitutes act in a way that mimics real money, there is no way to accomplish that under such systems." The actual asset behind the fiat money should be the wealth that it represents. The optimal supply of money issued should be tied to the amount of business, or trade that is being done in an economy, say, for a year. That number should be able to be ascertained. There is, of course, a way to accomplish the optimal supply of money in circulation. Since, as your earlier paragraphs confessed, there is really no value in the printed paper that becomes "fiat currency" and is used as a tool within the system to accommodate trade, which is the engine that drives the production of wealth, "money" could be recalled every so often and exchanged with the new "money", that would be issued in its place. An amount that Congress and the Treasury would know. All "old money" in circulation would become obsolete after a certain point, and thrown away or used as firewood, or whatever. But before that it would be exchanged for the new money. Thusly, we would have an idea of how much money was in circulation. I know that may sound strange to you, but that is because you see money as having value in itself. Or, that it needs to have value in itself to function as money. But it does not. I know, it is a whole new way of thinking....and, of course, is a great challenge to you. You have invested much time and study into the scheme that is masquerading as a sound system, and I respect that, but please don't dismiss it out of hand.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae Please forgive me, I'm way behind in reading and responding to your objections, but I will get to them as I can, if you want to continue. I would like to, as finally, I appreciate the level of passion you have for your position and seem willing to defend it! Anyway, you wrote: "It should be obvious, but obviously it is not...as von Mises stated: “Before an economic good begins to function as money it must already possess exchange-value based on some other cause than its monetary function. But money that already functions as such may remain valuable even when the original source of its exchange value has ceased to exist." Whomever von Mises is, is wrong. He/she presupposes his/her definition of money to be correct and it is not. i think they call that "begging the question"? Money is a trade convenience. In a functioning economy, money represents value, and undoubtedly, I think, and I am asserting something here I have no idea of how to prove, that more wealth has been created since the introduction of fiat money? Now, I know with all the tom-foolery going on with definitions it's hard to calculate values, but you probably have the figures? I'll continue reading your earlier post. Thanks

Facts and theories of Economics.

Mehcanic comments on Mar 8, 2019:

About your initial assumption, that we all agree with the definition of economics, and then the definition you give... not so sure... The most common definition of economics I've heard of is that it is the study of how humans make decisions in conditions of scarcity. So it studies decisions that ...

dmatic replies on Mar 9, 2019:

@Mehcanic You're talking about some pretty deep stuff! Thanks. Let's build off your last statement that every modern economy is some kind of hybrid system.....combining, I suppose, aspects of both capitalism and socialism? Is my supposition correct? I guess the reason I like talking about this stuff is because economics is such a big part of eveybody's lives, and it would be good to know that the system is right and fair and just and is working properly. People, as far as I know have the right to life, liberty and property, and that governments derive their just powers from the consent of the governed. If the government established is not 'securing these rights' then the people have a right to "re-organize" so-to-speak. The question is: Is our system just and fair and does it create a sufficient amount of wealth, whereby people can prosper in their pursuits of life, liberty and happiness? And if it produces enough wealth, is it being distributed fairly and properly? If a person chooses not to be a contributor to an economic system, it is his right not to participate, and he may experience the burden of producing everything he needs to live on his own, if he chooses. But, he should not expect to live off the labor of others, for example. It's the old story of the little red hen. Everybody wanted to eat the finished product, the baked bread, but not everyone wanted to do the work necessary to plant the wheat, harvest it, grind it...etc. Now, there are socialist systems that could work, I suppose, but they often don't produce the wealth that a capitalist system does, so the individual members of that system are collectively poorer. But, since everyone else in the system is poor, people seem to come to accept that lifestyle, as long as they can get a little to eat and have a place to come in out of the weather...Why a socialist system seems not to produce as much wealth as a capitalist system is self evident, if one knows human nature. But, you're right to point out that the USA is not a capitalist system either, with a free market economy. But, this may be the problem. I don't expect this system to continue without crashing soon, and untold misery will result. The question is, how do we re-build after the collapse, or can we even work to prevent the crash? Anyway, I do not think I'll be able to match the wonderful lengths of your posts, due to time constraints, etc. but I'll throw this out for now. If you have more thoughts, I'd love to read them. Otherwise, I'll try to comment on some of your other points later....Thanks

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae Further, you wrote: "there is however, rarely an instance in history where a fiat paper money substitute remained stable." That's because there is not a sytsem in history that doesn't allow interest collecting, save for Muslim countries?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae You wrote: "it's a form of economic suicide to expand the money supply." Economic suicide is allowing interest collecting to be the foundation of a crooked money system.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae By the way, I get that the "dollar's" purchasing power should be equal to its productive power! We need to understand what it is that is cutting into its purchasing power!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 9, 2019:

@Republicae Well, I can't get by the first paragraph, from the first post above, without addressing it, lest I get more confused. Will try to read and digest the rest of your writings later today, Lord willing. You wrote:"Again, money is not static, it's fungible, it is constantly circulating through the economy performing it's exchange utility. The fact is that there is way too much money in circulation causes the purchase value to drop thereby, the problem is that because there is so much money it is losing its economic potency. Therefore, it takes more circulation of the Fiat currency today to buy less than what it bought 5 or 10 years ago. The more money they put into circulation, the purchase value decreases, prices then increase so people have had to accumulate debt because their money is approaching the Zero Value threshold. Interest has absolutely nothing to do what inflation, inflation is the increase of new money supply into circulation. Interest is paid through money that is already in circulation. " Let's try to address this first: "Interest has absolutely nothing to do what inflation, inflation is the increase of new money supply into circulation." I understand that that is how 'they' want you to think. Let's define "inflation" as increase in prices of goods? whereas deflation would be a decrease in the price of goods. You are thinking of inflation and deflation as it relates to the supply of money in circulation. If money was functioning as a representation of value, as a trade convenience, how could it, as a measure, either inflate or deflate in it's "ability to measure value"? Can an inch inflate or deflate? Of course not. I think you trying to declare that money itself has to be value, instead of represent value, is a problem. What you are talking about is bartering. Trading something that has inherent value, for something that has inherent value. In your scheme, using only gold and silver coin, and requiring everyone to use that if they wanted to enter the marketplace would incentivize it's hoarding, and pretty soon, wealth creation would be curtailed and the economy would suffer for lack of "money" to carry on the production, distribution and consumption of it. So, let's look at the cause of inflation, the increase in price of a good. Let's say people need widgets to live, so two factories are built and people are hired to manufacture widgets. One factory is built without having to pay interest on a loan of money from a money owner. The other factory has to borrow money, due to it's owners lacking money to pay for the labor and materials to construct the building itself. I could run this example out very far, but maybe you can see from here, where I'm going? The company who can produce the widget without having ...

OK - getting started here - I wanted to tackle the "Argument to numbers" or to give it the fancy ...

dmatic comments on Mar 8, 2019:

AGW? anti-global warming? So things like "experts agree", even though no numbers are used is fallacious, too, right? You may have to bare with me, (or is it bear with me?), I don't remember ever having the pleasure of a course in logic! Looking forward to yours!

dmatic replies on Mar 9, 2019:

@HollyLouise Thanks! I'll check 'em out!

Facts and theories of Economics.

Mehcanic comments on Mar 8, 2019:

About your initial assumption, that we all agree with the definition of economics, and then the definition you give... not so sure... The most common definition of economics I've heard of is that it is the study of how humans make decisions in conditions of scarcity. So it studies decisions that ...

dmatic replies on Mar 9, 2019:

Well, I don't think it too long! Very interesting comments! Certainly more detailed than I expected, so thanks for taking the time. I just looked up the definition of 'economics' in my handy little pocket dictionary and it says: "a branch of knowledge dealing with the production, distribution, and consumption of goods and services." In your early paragraphs it seems you are focusing on the 'consumption" aspects of the field of study. What makes a person buy and use, or consume this or that good or service. (wealth, as in anything and everything made valuable by human effort) You used the word 'scarcity' a couple of times, I think, and then threw Marx into the mix, too. So, let's look at the concepts of socialism as compared to capitalism as economic models. Socialism, as an economic system, is where the means of production are owned by the 'state'. Whereas in capitalism, the means of production are owned privately. Not sure I wanted to jump right in to this discussion but, why not? Humans need stuff to live. Humans are tasked with providing for themselves this stuff, since the garden of Eden. It takes effort to till the soil, plant the seeds, de-weed the garden, water and 'create' the wealth that is a tomato, or bean or whatever we need to eat, for example. We can go out and gather that which grows naturally in the wild, but that, in itself, takes effort. So, as humans began to multiply and started to 'make it', by cooperating with one another, we started to see that not everyone needed to do everything to live. We could specialize and become 'expert' at making stuff everyone else needed to 'prosper'. But how to distribute, or share that stuff? How to produce enough 'wealth' for everybody to use, too, to combat the 'scarcity' you mentioned? So, as 'civilizations' developed, and organized into countries or nations, 'theories' were invented in how to produce the stuff, or wealth, that everyone needed to live and prosper, and how to distribute that wealth throughout the land, and to see how it was used and consumed to become more efficient. Better not write a book, but let's cut to the 1600's in the "new World". I think it was the group led by William Bradford? that began their 'experiment' testing the theory of socialism/communism where everyone within their economy owned what everybody produced but they nearly starved to death. They quickly found that, given human nature, not enough wealth was being produced in that system, but when they changed systems to a capitalist system where the fruits of the labor of the individuals were owned by the producers of the wealth, they produced more than enough to live on and then.....

Facts and theories of Economics.

vptran31 comments on Mar 8, 2019:

I think economics is the art of the trading of time and resources. Money is the thing that makes it easier for strangers to trade. Wealth is i dunno

dmatic replies on Mar 9, 2019:

This is pretty good! Thanks. To make it simple, I am going to suggest that wealth is anything and everything made valuable by human effort. What do you think?

Just a suggestion, you might want to change "abolish child murder" to something less loaded to ...

VonO comments on Mar 8, 2019:

A second issue is that this forum is meant to be a discussion/argument between those who oppose 'abortion' and call themselves 'pro-life' and thus favor an 'incrementalist' strategy, and those who call themselves 'aboltionists' and favor and absolutist strategy.

dmatic replies on Mar 8, 2019:

So, obviously, you disagree with the heart beat incrementalist ideas?

Just a suggestion, you might want to change "abolish child murder" to something less loaded to ...

VonO comments on Mar 8, 2019:

One of the things, as an abolitionist, that I oppose, is the use of the word 'abortion'. If you follow the history of that word, you will find that it used to mean what we call 'miscarriage'... ie a child did not survive in the womb and thus was born dead, typically very early (later then called it ...

dmatic replies on Mar 8, 2019:

I'm liking the way you're thinking, VonO! Thanks for taking the strong lead!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 8, 2019:

@Republicae thanks for your reply. I will try to make this understandable, and admit that I have not done a good, nor complete, job of explaining my position. I am trying to understand and explain the fundamentals of what a sound money policy would look like. We both know the current system is neither sound nor just. Correct? In your attempt to refute the principle of having enough money in circulation that was equal to the amount of trade/business/transactions in an economy, you used figures from this unsound system. The figures you use can be shown to refute the system we have in place, but not the principle I was alluding to. Using your figures, when 1.7 Trillion 'dollars' is expected to "carry" $20 Trillion in GDP, guess what? There is not enough money in circulation, and "money" itself becomes "valuable" and does not do it's job of representing value. This means that for much of the "economy" they are required to borrow it from someone and then pay interest on the loan which leads to higher inflation, of course. For others to participate in the economy, they, too, then, need to borrow and go into debt, too, paying interest on their loans, too. I'm not saying that wealth isn't produced under this scheme, but wealth production is curtailed due to the lack of "money" in circulation. believe me, I know this is hard for you to understand. Maybe if I give a simplified example? Why is there so much debt all over the world? Every country I am aware of, is in debt, except maybe, Switzerland? (That used to be the case). And There is so much debt in state governments, local municipal governments and not to mention private debt of the population of say, the U.S. either, and of course the unimaginable $22+Trillion federal debt. Ever wonder to whom all this debt is owed? I'll try to come up with an example of why interest collecting is so unjust....later

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 8, 2019:

@Republicae I would love to read the books you recommend, thanks. In your second post you wrote:"Since money has a very definite marginal utility there is an optimum amount of money needed at any one time in an economy, no matter the size of the economy." I think we're still having a fundamental difference agreeing on the definition of money, and what its job is. I know how banks and script and notes came into existence, so it is what it is. In my view, money serves as a trade convenience, as I've said, and it needs to represent value. It does not need to be value in itself. In an economy, it is only necessary that the participants in the economy, if they want to use the convenience of trading with money as the means of exchange, or trade, basically agree that the different denominations of it represent the values of things they trade for. Otherwise, they could just trade whatever wares and/or services they have, in exchange for what they want, if they can find someone that wants to make the deal. Then they wouldn't need money. In your sentence above, what would you say is the "optimum" amount of money in circulation in an economy, no matter the size of the economy? In my view, since money represents value of wealth in an economy, the optimum amount of it in circulation, would definitely be reflected in the size of the economy. The money in a just economy would not inflate or deflate in value, just as an inch or a yard do not change when measuring linear things. The money would stay the same. The values of the things it measured however, would change due to supply and demand. There needs to be enough money in circulation to be equal to the amount of business, or trade, being done in the economy. The total amount of money in circulation would be backed by the very wealth it represents, thus assuring everyone involved in the economy that they could have "faith" in the money being able to be exchanged for goods and services. As wealth is increased in an economy, more money would be issued to represent the newly created wealth, thus assuring the participants that the money they were using is backed by "wealth". (It doesn't need to be gold or silver).

In light of the Cathy Newman controversy… Col 3:9  Lie not one to another, seeing that ye have ...

dmatic comments on Mar 7, 2019:

What is the Cathy Newman controversy? Maybe you explained it in your post? I am intrigued because, just recently, I was appalled that someone used the same tactic on a friend! I want to learn....Thanks

dmatic replies on Mar 8, 2019:

@VonO Thanks, I see what you mean, I think, about the "you're saying" method of interviewing, and pigeon-holing...He did a fantastic job of remembering what he said and confronting her attempts to make him look "wrong" by misrepresenting what he had really said.

In light of the Cathy Newman controversy… Col 3:9  Lie not one to another, seeing that ye have ...

dmatic comments on Mar 7, 2019:

What is the Cathy Newman controversy? Maybe you explained it in your post? I am intrigued because, just recently, I was appalled that someone used the same tactic on a friend! I want to learn....Thanks

dmatic replies on Mar 8, 2019:

@OpenMinded Thanks! I did enjoy it.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 7, 2019:

@Republicae Ok, you're starting to lose me again...I agree that the Fed is authoritarian control, but disagree vehemently with you about the purpose of its formation. It was not to benefit "government". It was to benefit the authoritarian. Namely, the financier, himself, the money owner. After all, "government" is of, for and by the people, correct? I'm not saying that the Fed doesn't own our corrupt government, by the way. But, I am saying that the government does NOT own the Federal Reserve. Sadly, I have many irons in fires, and cannot respond now, or ever apparently, as well as I would like, but may I ask you to define economic growth? You saying that the economy would break down and create massive poverty without interest collecting and/or debt financed "?" is to say the least highly suspect. Thanks

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 7, 2019:

@Republicae I will try to respond to the first of these two lengthy posts. I love your passion! Not sure I have as much time to keep up with my end of this discussion, but will try. First, in general, you seem to bought the notion that the Federal Reserve does what it does for the benefit of the people who are forced to partake in the unjust system they have created. That their motivation is altruistic, so tp speak, when the very opposite is the case, in my view. Their motivation is to increase their own control of wealth. They know exactly what the fate of their system will be. They are causing it! As you have fairly adequately surmised. It is a scheme, involving the collecting of interest. Just to pick a sentence, you wrote: "It is becoming evident that as the debt looms larger and larger, it will siphon all profitability from the economy because the economy can simply not service that galactic degree of debt." This is true. It is purposeful. Obviously, for especially anyone with your degree of investigation and understanding, you understand this? It appears that they are destined to play this thing out until it explodes into collapse, as you have indicated, either intentionally, or because they can't stop it. When you talk of "servicing the debt" you mean interest payments. Usury. The "price" or cost of borrowing money, through debt. It is called "finance". And, finance is the sponge that "siphons all profitability from the economy"! This is the crux of the injustice. In the creation of wealth, both capital and labor are legitimate sharers of the "profitability". Without "profitability", there would be no incentive for investment, nor anything left over, so to speak, to pay for labor. Both of these cooperating sides, capital and labor, unite in purpose to create wealth and deserve, justly, to "profit", because they both have contributed in a real way to its creation. The "thief" in this "economy" is finance. Interest collecting is unjust gain. Unjust in that the financier extracts part of the profit from the creation of wealth by capital and labor, even though doing absolutely nothing to deserve it! I know you will somehow try and defend the practice, but if you do, you will show that you have bought into their scheme. But, that's OK, for now. I will try to refute them so that you may come out of the fog and see what a righteous system that is fair and just for everyone actually looks like.

Do you believe in inalienable rights?

Joffre comments on Mar 5, 2019:

Does a newborn baby require permission to breathe?

dmatic replies on Mar 6, 2019:

Apparently, he/she does in America, now. The right to life is among the rights given by our Creator. For a government to legalize the denial of that right to God's creatures is for that government to cease being just, and it will not stand. It has ceded its right to exist, kinda like a murderer yields his/her right to exist. When a government, rather than securing the rights granted by the Creator, becomes a threat to them, it is only a matter of time, before its power and authority to govern will be taken away.

Do you believe in inalienable rights?

Noaccount1 comments on Mar 5, 2019:

"The Rights of the poor " were part of Hebrew law in the Torah...today the greatest threat to the poor is, in my opinion, Monsanto and the like... . They patent GMOs and oppress the poor...Proverbs says "there is plenty of food in the fallow land of the poor "...even if the poor wanted to do ...

dmatic replies on Mar 6, 2019:

Yes, the poor have 'rights', too. We have the right to eat, for example, just as birds of the air have a right to eat. We have a right to breathe the air, too. The rich also have rights. The Law 'judges' impartially, showing neither favoritism to the poor because he is poor, nor to the rich because he is rich.

Do you believe in inalienable rights?

dmatic comments on Mar 5, 2019:

I do, but maybe we should define inalienable?

dmatic replies on Mar 6, 2019:

@jnaatjes We, as creatures, created, have been endowed by our Creator with "rights". Government's role is to secure those rights. Inalienable, means incapable of being alienated, surrendered, or transferred. Alienable means transferable to the ownership of another. These 'rights' are from God. He has given us rights and wrongs, too. He has not given us a right to "sin", for example. Sin is the transgressing of His Law. He has not given us a right to worship other gods, for example, either. Just sayin'

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 6, 2019:

@Republicae OK, we're on the same page! Let's get rid of the Federal Reserve, by either "nationalizing it", meaning truly put it's ownership in the hands of the people, or Just let Congress do its job. How would you suggest they regulate the value of "coined money"?

Is there any economic system, other than capitalism, that does not at its core require the theft of ...

HollyLouise comments on Mar 6, 2019:

P.S. I should have put the word *theft* in quotes: "theft" because how I mean it is the enforced taking of something one has by someone (even if via another, such as gov't) who does not have. I.e. "wealth distribution" by unnatural forces. Perhaps my using the word *economic* should have been ...

dmatic replies on Mar 6, 2019:

I appreciate your thoughts, Holly, as you attempt to understand what is right and fair, in any "system", whether it be called government or economics. It seems to me that any system that is not "right and fair" would engender resentment and/or bitterness in someone. (Maybe a natural response to injustice that would cause other problems and more injustice.)(Or, the injustice could cause some suffering that would actually aide in a person's personal growth?) So, is 'theft' right or wrong? Can a government legalize it, if it is wrong? A system based on a wrong, cannot be right, in my view. Therefore, socialism is wrong. And, many aspects of our present capitalistic/socialistic hybrid system is wrong, too. So, what can we do to correct the wrongs and make a society and/or 'system' that is just is the question? I have some ideas.

So why exactly is democracy a good thing if lazy poor people can just vote to steal wealth from the ...

Celtic_Wolf comments on Feb 26, 2019:

Democracy isn't the best form. It allows the 51% to rule the 49%. The United States version of a constitutional republic is the only true way to protect the individual freedoms from the mob.

dmatic replies on Mar 6, 2019:

@James You mentioned Andrew Yang in an earlier post, saying he and a "Freedom Dividend" was discussed in a prior thread. Can you help me find that thread? Thanks

So why exactly is democracy a good thing if lazy poor people can just vote to steal wealth from the ...

PatriciaBurger comments on Feb 26, 2019:

It isn't a good thing and the United States isn't a democracy; it's a constitutional republic. https://www.thoughtco.com/republic-vs-democracy-4169936

dmatic replies on Mar 6, 2019:

@Seriousreason Who's jebus? and why praise him/her?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 6, 2019:

@Republicae Are you OK with the Federal Reserve, instead of the Constitutionally mandated Congress coining money and regulating the value thereof?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 6, 2019:

@Republicae So, Do you think the private banks that own the 'stock' in the "federal" reserve, are owned by the government?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 5, 2019:

@Republicae Trump would probably do it. That's why they hate him so? So, you think the Federal Reserve is owned by the government?

Having thoroughly enjoyed Jordans visit down under .

JohnDawson comments on Mar 2, 2019:

Like many other taxpayers of Australia, I've long since stopped watching Q&A, it's bad enough that we have to it, without being sickened to the stomach by watching it gets away with its deceit. But I did record it and watch Peterson's bits while fast forward past the predictable Leftist bs. Given ...

dmatic replies on Mar 5, 2019:

Would love to hear what "small exception" you took to agreeing with Jordan's answers, John. Could it be the Life is Suffering mention?

[nytimes.

dmatic comments on Mar 4, 2019:

I read the Times' article, Sean, but would like to read Sowell's comments. Can you steer me in the right direction? Thanks

dmatic replies on Mar 5, 2019:

@seanfraz Thanks, Sean, I will try find copies. I used be able read his editorials in the paper, but...not any longer.

The failure that is socialism- [beinglibertarian.com]

Facci comments on Mar 5, 2019:

I believe socialism is dying, and in its most violently extreme death throws. I'm afraid we will be heading toward some tumultuous times of conflict and violence before it is thoroughly snuffed out.

dmatic replies on Mar 5, 2019:

@Seriousreason What is "Base Stickman"?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 5, 2019:

@Republicae OK, I think we might have a chance get somewhere. It is evident that you and I have had different 'teachers', however. I would like focus in on your first paragraph above. When you speak of "medium of exchange", I presume you're talking about "", is that correct? In your view, the medium of exchange seems go up or down based on how much gold or silver is available? I am speaking about as a trade convenience, wherein the merely represents the value of wealth, and is not value in itself, in other words fiat , which has a bad name, because most do not understand and are confused about 's job as a trade convenience. In the system whereof I speak, it is the prices of "commodities" or things being traded that goes up or down, based on the law of supply and demand. The law of supply and demand determines prices of stuff in a marketplace. You seem think that the supply and demand of itself determines how much the is worth. This is important because it starts shed light on why your purchasing power of the dollar is eroding. Most "economists" have been fed the "bill of goods" (semi-lies) that inflation is caused by "too much chasing too few goods", so they then justify taking out of circulation counteract inflationary tendencies in an economy. What this actually does is puts pressure on itself and increases interest rates, so that people who need do stuff will more for the use of it. It also puts downward pressure on the availability of wealth being produced. So less goods trade and less in the 'economy' buy them. This is what led the depression, the "great one", even though the Federal Reserve was SUPPOSEDLY created prevent this from happening. It was a big lie. The Fed actually caused the depression. On purpose of course. Do you understand that the Federal Reserve is not a "Federal" program? It is not owned by the government. The Federal Reserve took out of circulation one third of the that was in circulation on purpose. So that people could not back their loans on houses, businesses etc.! But that depression will pale in comparison the coming one.

Critical thinking on abortion

dmatic comments on Mar 4, 2019:

This is the crux of all debate, it seems. Who defines what is right and what is wrong? The strongest arguer? The smartest arguer? Does mankind decide? Who is enlightened? Reason? If you are a Christian, you should know that even if someone thinks they KNOW something, they don't yet know it as they ...

dmatic replies on Mar 4, 2019:

@sooma6 Agreed, sooma6, with most of your post, with the exception of the free will comment. God is most certainly reasonable. he, in fact, invites us to "come and let us reason together". It is the fool that says in his heart: "There is no God", and arguing or reasoning with fools is sometimes not recommended. I think one of our great missions in life is to come into agreement with The Creator, our Father. He it is Who defines what is right and wrong. Murder is wrong. Abortion is murder. Abortion is wrong.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae My "New" Merriam Webster dictionary doesn't even have the word fungible in it! Hard assets as opposed to soft assets? I may be hopelessly out of your league, R. "Interest" is "vital" to "economic" health? I think you lost me. What, to you is economic health? Again, Economics is the study of the production, the distribution and the consumption of wealth. Do you agree or disagree with that definition? Wealth is defined as anything and everything made valuable by human effort. Even your gold, though it is a natural resource, for example, is not wealth until someone puts in the effort to go dig it up or pan for it or otherwise find it. Same thing for a tree in the forest. Until someone puts in the effort to go get it and milling it or sawing it or gathering it for firewood, it is not wealth...yet. At various stages, however, that tree can be utilized to create wealth. So, first up, how is wealth produced? How is it created? Big business can create it, but so can small business. Even one individual can create it. Tomatoes in the grocery store can be wealth, because someone, normally, planted and tended the plants and weeded and watered and put effort into producing the wealth, and of course, getting it to the market. A tomato on the vine, fifty miles from my house doesn't do me too much good, so we need to investigate the distribution of it, too. Then, when I buy it, I can consume it and it is gone! But, I can use that consumed wealth, to create more wealth.... I know this is basic stuff, but it's important to understand, because many have bought into the finance scheme of debt money....

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

dmatic comments on Mar 3, 2019:

First, did you write this, Republicae? Thanks, Will now read the second part, after I make a couple of comments. This is a huge and important topic and many people have attempted to understand it. Would like to know how you are defining "money". In my understanding, money is simply a trade ...

dmatic replies on Mar 4, 2019:

@Republicae Thank you. No problem by the way with typos, etc. I make plenty of them, but I do want to understand what you write! I hold many of the same thoughts you express with frustration about the crooked money system we are enslaved with. as well as the favorite government funding tool, property taxes! Presently involved in a people's initiative to create a constitutional amendment to address high property taxes in the state wherein I "reside". All injustice is frustrating isn't it? And there is a lot of it out there!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae For example, I'm not sure of your use of the phrase capital wealth? Would you please define wealth, and capital wealth? Thanks I think one of our problems is in understanding the definition of money, too. And, why it was "invented". I believe, as I've said previously, that money does not need to have inherent value, if it's work is to be a trade convenience. Presumably, before "money" was invented, people traded things that they had for things they wanted or needed. To make this trade more convenient, the concept of a standard of measuring value was needed so that when I needed a pair of shoes and only had a bushel of corn, I didn't need to carry around my bushel of corn until I found someone who made shoes that was interested in my bushel of corn! Obviously, I could trade my bushel of corn for some thing that I could use to buy the pair of shoes. Money fits the bill. Now, the maker of my shoes could use the money I used from selling my corn to the sheep herder, to buy the slab of meat from the butcher....and on and on. I suppose that is what you mean by the high sounding words "first tier fiat money system"? I understand, and everyone else does too, that uses fiat money, that there is a difference in the amount of stuff one will trade for a dollar bill and a hundred dollar bill....even though those bills each cost the same to make. (4 cents)? Seems expensive, but what do I know? Could be the results of inflation? But, again, money, to do its job does not have to have value. It is being used as a trade convenience. I need to go now to get some hay....Sorry

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae I may appear to be adversarial with you if I attempt to understand what you are saying, but I hope that this discussion doesn't devolve into talking past each other, using words and ideas that we have not settled on definitions for, and assume the other has knowledge about. I can see that you have studied this issue with passion and think that you understand it, and using the agenda you bring to the table, desire to make the world a better place. I applaud your desire. I'm not trying to 'teach' you, and maybe you are teachable, but for me to enter into this is basically for me, to practice in somehow conveying the truth of an idea, with a skeptic, to better formulate the method I may use in the future when discussing this, most relevant topic! Thanks for participating!

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae So, if I may be brief, you see no problem with interest collecting? You think it is defensible? You don't see how it contributes to and is the cause of inflationary problems of which you rightly abhor, by the way?

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@HollyLouise, @Republicae By the way, again, the reason I said: "Wonder how you will react if I told you the underlying problem...." is because I do wonder. MANY throughout the years seem to balk at the mention of the injustice of interest collecting. It's kinda like the education problem, Holly, where people have come to just assume that it is given. I am very encouraged by your simple response, Republicae! I, too, am trying to learn....

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@HollyLouise Sure, Holly. I'm relatively new to this, but at some other sites, someone may post something another wrote, and then, when challenged about it, they may not have an answer so it kinda was a waste of time to invest in trying to have a conversation. I'm really impressed with Republicae's writings, but just wanted to make sure it was his, because I don't want to waste time discussing something if I'm not talking with the author. Does that make sense? It's hard enough to distill thoughts and questions into comprehend-able sentences and paragraphs, especially with a topic like this that is so difficult to get a handle on. I very much appreciate Republicae's interest and diligent investigation of it and am very much looking forward to learning his perspectives and conclusions. Yours, too, by the way! I've read some of your thoughts on other threads! Impressive! All of us have learned from others, so I'm not too concerned with "plagerism", as long as the author is writing the thoughts and organizing them according to his/her understanding.

In the USA the Education behemoth has been run by progressives for decades.

HollyLouise comments on Mar 4, 2019:

All good comments about how it "*ought to be*," but I believe the the operative words are ***where*** and ***how*** because those of us who are against Common Core, are for home schooling, are for charter schools, and so on, are already ***there*** and we are, at present, outnumbered. In what ways ...

dmatic replies on Mar 4, 2019:

I hear you, Holly! Great questions and points that I don't have an answer to, but we do need to think of a plan to correct the problems. Obviously, there are people that see and are doing their thing to avoid it, and we may have to simply hope it continues to grow with enlightened people to continue to fuel the movement away from government schools. As it grows, hopefully it becomes more influential to others who will join up? Huge undertaking to change a culture you know.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae If I may continue, I think that "" used as a measuring stick to measure wealth should not inflate or deflate itself, so how to prevent that? Just as an inch will measure various lengths, what changes is not the inch, it is standard and remains the same. It is the thing measured that changes. An "inch" is of no value at all, so to speak, but it does measure 'things' which gives a context of value, in inches, of what a thing measures. So, too, does not have to have "inherent" value in itself, to accomplish its purpose of measuring value of wealth. Wealth, by the way, is defined as anything and everything made valuable by human effort. Now, certainly, gold has value and is measured, based on supply and demand, and it's value may go up and down, depending on the natural law. Thus, gold itself is deflated or inflated as to its inherent value. What someone is willing to pay for it, or willing to sell it for. But, how does one measure that value? would do the job. Now, can be, and is, a government's stamp of approval on it, that it will be honored and can be trusted to represent value of things, or wealth. Wealth itself, being subject to moths and rust, as the saying goes, may deflate in value with age, or it may even inflate because demand even for "old" stuff, may put upward pressure on the price of obtaining it. So, what is "" backed with? Why would anyone have "faith" in it, if it wasn't in itself, valuable? It should be backed by the wealth that it represents. There should be in circulation, as much as there is wealth in an economy. Economics is the study of the production, distribution and consumption of wealth. When there is not enough in circulation, business is curtailed because of want, which puts an upward demand pressure on "", and we then get into the crux of the matter. Charging interest for the use of , otherwise known as "Usury". When there is not enough in an economy, wealth production is limited, which is a bad thing for everybody, save the owners of the ! Here is the scheme that is used to enslave everyone.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 4, 2019:

@Republicae I will, but may I ask some questions first? I appreciate your attitude, by the way. And you have written a lot to digest in these two entries. You wrote:"history has shown that such single-tier systems are usually repudiated as the system deteriorates through rapid inflationary depreciation." Do you know the cause of "rapid inflationary depreciation"? After defining what that even is? How does history show this? Again, I hope to get to an understanding of what, fundamentally, would be a fair and just system wherein inflation or deflation happens only with regard to the things that "" in it's rightful purpose represents. I.e. the value of the wealth, which would be ascertained by the natural law of supply and demand. If is simply a trade convenience, which represents the values of things traded, rather than being in itself, "valuable", it would be the measuring stick to measure the natural fluctuations in values of things traded for. I have to leave for a while....sorry.

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

dmatic comments on Mar 3, 2019:

First, did you write this, Republicae? Thanks, Will now read the second part, after I make a couple of comments. This is a huge and important topic and many people have attempted to understand it. Would like to know how you are defining "money". In my understanding, money is simply a trade ...

dmatic replies on Mar 4, 2019:

@Republicae Wonderful! There is much even in your first paragraph that I'd like to discuss, but time constraints.."...The transformation of from items of perceived value to a higher, more competent unit of value can traced back to at least thousands of years, it even appears that gold was used as a barter unit as much as 40,000 years ago." Love the phrase: "more competent unit of value". I can see that you and others are lovers of gold as a favorite material to use to trade honestly and fairly, and I'd like to examine that thought further, eventually, as we proceed, if you are so inclined. I am not as studied as you are concerning history, but it would be interesting to see evidence from 40,000 years ago. I've never even heard of the kingdom of Lydia, which shows my ignorance. Please bare with me. I am seeking understanding, with a desire to establish a just and fair system. In my view, justice for everybody harms nobody. While we are in your second paragraph, not sure I understand this sentence: "...Gold and silver was just such a monetary unit, once in circulation it was almost impossible to control because it was the property of the person holding it wit and claim from government or banks." 'Wit and claim from government or banks'? It does appear that you don't trust "government", and suspect their motivations, etc. Understandable, but we both know human nature, sometimes, is highly suspect in itself. Any system developed may be suspect to cynicism or skepticism, but, and maybe I'm just an idealist, but would like to find out what a just system would look like because we do not have that now, anywhere that I am aware of. Not sure I understand your use of the loaded term "titled property". Who, besides some form of government would issue a title, for example? In the case of "our" government, unconstitutionally relinquishing their responsibility to a private banking cartel, or cabal, or whatever you want to call the scheme that they fell for, we shall soon see who is a slave and who is a partner in this crime. More later???

I've read 12 Rules and listened to many talks by, and interviews with Jordan Peterson, and I think ...

Facci comments on Mar 3, 2019:

You're looking for a religious figure. You're confused by moral relativism, and you're looking for a Meaning to be imposed on you. Perhaps you've accepted the false premise of JBP's critics who suggest that he's viewed as a saviour by his audience. There is no doubt that Dr. Peterson personally ...

dmatic replies on Mar 3, 2019:

I will definitely also need to look up Watterson....Thanks, I think

The Folly of Fiat Federal Reserve Notes Despite all the efforts of governments to substitute ...

Republicae comments on Mar 3, 2019:

Part 2 came to any imperial inclinations of a ruling class of politicians. The solution was to create a dual-tier fiat monetary system that would function through the government's ability to issue unlimited amounts of marketable monetized securities. Here is the key to the entire system; the ...

dmatic replies on Mar 3, 2019:

Still not sure if it was you that wrote this, Republicae, so not sure how to respond. A lot of what the writer writes is interesting and shows an attempt to understand the ruse that is our "financial system". And a ruse it is! But, it also shows an incomplete understanding of the problems, though, it definitely shows more understanding than most! Wonder how you will react if I told you the underlying problem....

Life is Not Suffering An Open Letter to Dr Jordan Peterson Regarding Suffering, Ethics, and ...

dmatic comments on Feb 28, 2019:

"never having experienced acute..."? suffering? Just wondering if there was more to your amazing post? I find the level and depth of your writing and thought to be inspiring, though I'm certain I haven't understood it all, yet. Just finished reading it for the 2nd time. Lots to comprehend about ...

dmatic replies on Mar 3, 2019:

@JohnDawson Thanks, John, I will check out the Leonard Peikoff book you mention. Sounds interesting. As for faith, I'm not sure I'm ready to agree that it is the negation of reason. The Bible says it, faith, is the assurance, or substance, of things hoped for; the conviction, or evidence, of things not seen. To see is to see with the eyes, but it is also includes understanding. There is much that we, as humans, do not see, nor understand. The Bible also says: "But now abide faith, hope and love, these three; but the greatest of these is love." (I Corinthians 13:13) I think none of these are unreasonable. I see you as having the love thing down pretty good, and I have hope that you continue your search for truth and I have faith in your Creator to lead you. Peace, dmatic

This is a reply to a comment about one of my posts.

dmatic comments on Feb 25, 2019:

"Not believing in God is completely" not understandable to me. I, honestly, do not get why some people seem to be proud of "not believing", as if they think themselves stronger, or smarter or something. I can understand not wanting to believe in a God that some people insist he is like. I think God ...

dmatic replies on Mar 1, 2019:

@Rodina Thanks, Rodina. So far I really like this site. Hope your experience is a good one. I'm with you about getting along with atheists and agnostics, too, but I do try to understand them. I believe someday we're all gonna be friends!

Life is Not Suffering An Open Letter to Dr Jordan Peterson Regarding Suffering, Ethics, and ...

dmatic comments on Feb 25, 2019:

Very interesting post, indeed! Life, and that which leads to life, INVOLVES suffering, which is one of the methods, or processes God uses to perfect us. Hang in there. It will yield the results intended.

dmatic replies on Feb 28, 2019:

@JohnDawson I, too, would like to hear his considered response. Hopefully, he will see your post someday. By the way, Job is for us all.

This is a reply to a comment about one of my posts.

dmatic comments on Feb 25, 2019:

"Not believing in God is completely" not understandable to me. I, honestly, do not get why some people seem to be proud of "not believing", as if they think themselves stronger, or smarter or something. I can understand not wanting to believe in a God that some people insist he is like. I think God ...

dmatic replies on Feb 26, 2019:

@7sails Have fun with your grandchildren. God seems to be having fun with His, too!

Life is Not Suffering An Open Letter to Dr Jordan Peterson Regarding Suffering, Ethics, and ...

dmatic comments on Feb 25, 2019:

Very interesting post, indeed! Life, and that which leads to life, INVOLVES suffering, which is one of the methods, or processes God uses to perfect us. Hang in there. It will yield the results intended.

dmatic replies on Feb 26, 2019:

@JohnDawson Thanks, John. So you ARE the author of the article? I would love to see Mr. Peterson's response, because you have an outstanding perspective. Very deep indeed. One of my life-long best friends is a quad, having become so when we were 15, 52 years ago. He was on course to be a state champ wrestler but dove off a tree into the lake and broke his neck. He is still the strongest person I know, physically and mentally, but especially character-wise. I think it was Disraeli who said: "Those who have known misery seldom seem sad." Knowing misery is suffering. One of life's dilemmas. Suffering. How do we make sense of it? Evil, itself, too. Why? Does God have a purpose? For allowing it? For causing it? For creating it? Not knowing your basis for seeking answers to these questions, I hesitate to go further, for fear that I would be presuming too much. Yet, I would ask if you know the story of Job in the Bible?

This is a reply to a comment about one of my posts.

dmatic comments on Feb 25, 2019:

"Not believing in God is completely" not understandable to me. I, honestly, do not get why some people seem to be proud of "not believing", as if they think themselves stronger, or smarter or something. I can understand not wanting to believe in a God that some people insist he is like. I think God ...

dmatic replies on Feb 25, 2019:

@7sails So, you do believe in God? And what's wrong with hide and go seek?

Here is another intellectually humble, unbiased journalist doing their best to not misrepresent, not...

James comments on Feb 23, 2019:

"another intellectually humble, unbiased journalist" HAHAHAHAAAA!!!

dmatic replies on Feb 25, 2019:

@Marcus_Aurelius Well played!

Everyone knows the IDW is famous for agreeing and being civil.

george comments on Feb 23, 2019:

Knowing Jesus was the first socialist/communist I can find in recorded history, it has always puzzled me why the right wing likes him so much. If he were alive in the US today he would be lynched and hated.

dmatic replies on Feb 24, 2019:

Not sure how you think you know this George. Why thinkest thou that Jesus was a socialist/communist?

Are we Human Beings having a spiritual experience?

george comments on Feb 23, 2019:

Good questions to ponder on but I don't really believe in the spiritual part of life so I can't really give an answer to any of them. Definitely is a good conversation for people who are spiritual tho.

dmatic replies on Feb 24, 2019:

@george It's coming, George.

I have a core belief that there are inherent inalienable rights.

broahes comments on Feb 23, 2019:

I have always found the idea of "Natural Rights" to be a creation of civilization. In nature, we may find some types of social structures that we have perfected and through that we have agreed upon certain structures. I am not sure I believe in God, certainly not an Abrahamic God. I do believe ...

dmatic replies on Feb 23, 2019:

Just curious....Why "certainly not an Abrahamic God"?

Here's a thought - how to explain differentiation between libertarianism and anarchism.

Blackraven comments on Feb 22, 2019:

To be totally honest, I believe we need a cleansing event, and we are due for one directly. I know it's a cliche but strong men create good times, good times create weak men, weak men create hard times, hard times create strong men. We are in the era of weak men; intellectually weak, morally weak,...

dmatic replies on Feb 23, 2019:

@Think I do not think your approach is naive! People need hope, especially in the midst of depression and cynicism. I know many who have given up and consider it a lost cause, so to speak. Glad you haven't!

Here's a thought - how to explain differentiation between libertarianism and anarchism.

Blackraven comments on Feb 22, 2019:

To be totally honest, I believe we need a cleansing event, and we are due for one directly. I know it's a cliche but strong men create good times, good times create weak men, weak men create hard times, hard times create strong men. We are in the era of weak men; intellectually weak, morally weak,...

dmatic replies on Feb 23, 2019:

Thanks, Blackraven, for the cliche. I'd never heard that one before. Makes sense. The "cleansing event" you expect is probably coming sooner than later. Since the Federal government is bankrupt, and most states are also teetering with insurmountable debt and unfunded promises, an economic collapse appears to be very very near. I'm actually surprised it hasn't happened already. When it does happen, it will be hard times for many. THEN, they might listen.

Does God define truth, or does it exist independent of him?

dmatic comments on Feb 22, 2019:

Yes, God "defines" truth and nothing exists independent of Him. Not even "evil". He takes credit for creating it as well. (Is. 45:7) He, obviously, has reason for its existence. Don't worry, it will all turn out "good". He and His plan are not malevolent, nor evil.

dmatic replies on Feb 23, 2019:

@jnaatjes Actually, according to Titus 2, it is God's grace that leads us to Him, as He teaches us His way. Yes, God "allowed Satan to torment Job", or caused him so to do. Perfect love (God) casts out fear. Job feared. God loved him enough to cast out that fear, using Satan to show him that his fear was unjustified. God doesn't condemn sufferers to an eternity of suffering. He perfects through suffering. God is perfecting His creatures, His creation, using "evil" as part of the process.