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jtuck004

(15,882 posts)
22. What really has value is human potential, not goods and services, and not
Sun Jan 22, 2012, 06:15 PM
Jan 2012

fiat currency. Greed and criminals are directly responsible for our current financial crisis and damaged economy. Maybe we need 100 million people to get an accounting degree to see it.

Quote:

"I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces."

From "An Essay on Voluntary Servitude", Étienne De La Boétie (google it - it's good, if you've never read it)

We need opportunities for 30 million people to operate outside the economy of today's greedy bastards. Any group that can band together and gain control of assets for cash could do this on a local basis. They could network with each other and live somewhat outside of that control, have a parallel economy. Gonna be some pollution, but they could start to gain assets, and thus Power.

Perhaps they will need training to use it or even see it...maybe some housing and food. Investment of trillions to make it nationwide, but not that much just done at a neighborhood level.

So much to do

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Well, correct me if I'm wrong, but Tansy_Gold Dec 2011 #1
I own not one dime of government securities, which is how we finance the national debt. mbperrin Dec 2011 #2
Well, that's pretty much what I meant Tansy_Gold Dec 2011 #3
You've said it well, and flawlessly. mbperrin Dec 2011 #4
The Federal Government does not have to obtain money (American dollars) from any one. Sam1 Jan 2012 #6
Please cite the economist and formula that shows that government debt creates savings in the private mbperrin Jan 2012 #10
You have a degree in economics and have never heard (or studied) the chartalist perspective? jtuck004 Jan 2012 #18
I see now. It's the rather old fashioned notion that money is meant to be a store of value. mbperrin Jan 2012 #19
Yep, goods and services much more modern. Better go round up some goats jtuck004 Jan 2012 #20
Didn't read a word, did you? The money is a CLAIM for goods and services. mbperrin Jan 2012 #21
What really has value is human potential, not goods and services, and not jtuck004 Jan 2012 #22
I posted this in response to someone else. JDPriestly Jan 2012 #9
This is a little different because Tansy_Gold Jan 2012 #12
Money from the Social Security Trust Fund which was created because JDPriestly Jan 2012 #14
Exactly. And furthermore, Tansy_Gold Jan 2012 #15
So, if you can afford it, invest for yourself also. JDPriestly Jan 2012 #16
If you have paid your payroll taxes -- your Social Security taxes -- your old-aged JDPriestly Jan 2012 #8
I pay the Teacher Retirement System of Texas. mbperrin Jan 2012 #11
Repudiate the national debt and let the chips fall where they may. Or Blue Hen Buckeye Jan 2012 #5
I wonder what portion of the debt is owed to the Social Security Trust Fund. JDPriestly Jan 2012 #7
About 27-30% from memory dmallind Jan 2012 #13
SSA Trust fund = $2.6 trillion - total debt now over $15 trillion banned from Kos Jan 2012 #17
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