Why END THE FED will not work!
END THE FED
This is a meme you often here from anarchists, and Austrian Economists, and... like anyone who actually knows what the FED is.
However, this statement misses the point, the mark, the reality of the situation.
It is similar to Mary saying, "Let them eat cake".
To which the hungry revolutionaries outside said, "Let her eat blade".
The problem is the system, not the people at head of the system.
The system existed before the members formed the FED and paid the President of the United States off to get it legalized. All these people did was make the system more centralized and more all encompassing.
The FED is not the problem
The FED is just the latest outgrowth of the problem.
AUDIT THE FED!
This meme is often shouted about... but, i believe that Ron Paul, if often championed this, was doing so to bring people attention to the FED. And then, maybe they would ask, what is the FED?
However, if we audited the FED, we would find not a number out of place, not a law even remotely violated.
Although what they are doing is completely immoral.
Fractional reserve lending is an abomination, but it is not the root problem of money.
It is a shell game, and as long as all the cups aren't turned over, it continues on.
Fractional reserve lending allows lenders (banks in specific) to lend much more money than they have on hand. It allows more money to flow through the economy getting things done.
Of course its all funny money, and causes inflation, but it does grease the wheels.
If you do not use fractional reserve lending you end up with cases like in Its a Wonderful Life where the bank closes so everyone comes to Bailey's savings and loan wanting some money. But, there money isn't there. It is lent out to other people who bought homes and such.
One of the real issues is interest on loans.
We accept this as normal. When people lend out money, of course they should receive more for taking the risk. However, any interest on borrowed money is unpayable.
An example is, if i lent you $10, and there was no other money, you couldn't ever get $10.01 let alone $11.00 to pay me back. If it doesn't exist, it doesn't exist. It only seems to work on a micro scale, where each person seems to be able to make more money. But, collectively, this system ends with the slowest runner being unable to pay their loan.
This will be one of the hardest pieces to convince people of, because we are just so accepting of paying interest for a loan.
And i can name many other problems with money, but they can never be solved in the current structure.
The only way to fix the system is to change the structure.
Who cares about the FED. It is part of the old structure, and if we change that, then everything will change. The old FED will be gone. (of course there may be a new FED, that does almost the same thing, but slightly different. That difference being the difference between a good system and an evil system)
Fortunately, we have a system ending technology right in front of us.
Crypto-currencies.
A technological advancement that eliminates the shell games and counterfeiting.
Now all we have to do is choose to use good crypto-currencies no matter what the govern-cements say, no matter what the pundits say. The power is in our hand.
To move from a definitely broken structure to a much better structure.
(and if you haven't recognized it, this isn't the end-all for making money better, this is only the beginning)
IGNORE THE FED
I agree but one step at a time. You should join Info Moms. Here is an upvote.
Actually, to replace the structure, there is not multiple steps. And that has been a big problem with our activism and marches being of no use.
And i will need a link to Info Moms. Don't know how its concatenated, or even if its on steem.
Are you saying that people lack follow-through, that when people do activism, etc, they don't really do a comprehensive, complete, job at that? I think I can see that. I mentioned the Info Moms thing because I wanted you to know about that new group that is trying to educate future generations.
It is the old adage of chopping at the branches, and not the root.
Most people don't even know about the root. They have never heard about the root.
So marches and activism never strike at the root.
It is like govern-cement schooling.
People complain that the children aren't learning well in those schools.
Almost no one ever brings up that the reason govern-cement schools exist is to brain-wash children. To indoctrinated them so that they will never rise against the govern-cement.
So, the school is doing exactly what the govern-cement wants, and the parents protesting are basically discussing how to arrange the flowers.
Getting to the root, the heart, not the symptoms, is key, I agree. Reminds me of that song by Pink Floyd, Another Brick on the Wall. When I taught English in Vietnam, I saw similar things. True, many parents are not protesting against the root, most of the time, like you said. That's why we help redirect them to the root.
Seems like they must have some kind of plan going forward. I wonder what it is.
Depends on which "they" you mean.
The evil T.H.E.Y. have a plan. T.H.E.Y. are going to crash the markets at the worst possible time, destroying the currencies around the world, and then swoop in as the "saviours" with their one world currency.
In other words, T.H.E.Y. are going try to make the next depression into the Greater Depression.
Keep working, stop paying.
On any given Tuesday,...
Of course this works great in theory,
however, it goes against humans natural laziness,
and it goes against this... we don't have a word for it yet,
people like to feel that what they are doing is useful (need for feedback).
So, to make this work, you need a thing that provides the feedback loop. Something that indicates how much someone wanted/needed the item, and how grateful they are to have received it.
The current item used for that is money.
Computer aided barter may be better.
But, as you have pointed out, "keep working, stop paying" completely destroys the structure of the control system.
The neighbors will provide that feedback, no need for deceptive accounting practices.
What do we do when asteroid mining makes rare metals less rare?
Isnt the moon high in silver?
Better that we make incentives social rather than monetary, imo.
No worky, no nookie...
This idea from 1887.
The moon is high in titanium.
As y ou have prescribed, neighbors provide feedback. And that is great when you are dealing with a community. But manufacturing is global now. The feedback mechanism isn't there.
It could be that instead of blockchain being about "money", the future of it could be a bunch of "at-a-boy"s to the manufacturer from the users.
The rewards being social means that nobody can get laid without working.
Instead of using money that grandpa withheld from workers' wages two generations ago and buying a girl, you got to earn it yourself.
Instead of generational wealth making some live like kings while others live in the street, each individual has to make their own mark.
We have to have workers, we don't have to have dollars.
Curated for #informationwar (by @openparadigm)
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