Very recently I was explaining that we need to nix the fed and go back to an asset backed currency or gold standard. The reason is the currency has no value and our labor is being stolen. We have no storage of our labor using federal Reserve notes. I maintain this is true.
I just read an article on Zero Hedge http://www.zerohedge.com/news/2017-01-26/us-empire-would-have-collapsed-decades-ago-if-it-didn%E2%80%99t-abandon-gold-standard
The article is right: we couldn't stay on the gold standard if we wanted to steal wealth. Essentially we are stealing oil by paying for it using fiat federal reserve notes. So how can we do this? Lol. Using guns, bombs and violence. Easy. When you have the biggest military, you get to have the reserve currency. It's not a coincidence that America spends more on military than every other country. If you want to have the reserve currency (aka petrol dollar) it is what you must do.
So yes, we will never go back to the gold standard when we can use fake currency for endless prosperity. It also means we must spend enormous amounts on the military and continue to have wars.
But I dream we could store the fruits of our labor using an asset backed currency someday. Maybe bitcoin is as close as we'll ever get.
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[–] carnold03 ago
It's definitely a dream. A nice one I imagine, but a dream none the less. I'll just focus my energies into breaking international governments parasitism of the US. It's the first step in the economic war against the welfare state.