This is the solution we need. So simple yet it will never happen. SS + Welfare alone make my blood boil :angryfire:
How Would You "Fix" The U.S. Economy?
- Thread starter Trademark
- Start date
This is the solution we need. So simple yet it will never happen. SS + Welfare alone make my blood boil :angryfire:
The gold:dollar ratio would have to be revalued. It is impossible to back a mature fiat currency 100%.
Supply of gold is irrelevant and a common misconception. Any amount of gold will do.
G. Edward Griffin talks about this in his book, "The Creature From Jekyll Island":
The deeper reality, however, is that the supply is not even important. Remember that the primary function of money is to measure the value of the items for which it is exchanged. In this sense, it serves as a yardstick or ruler of value. It really makes no difference if we measure the length of our rug in inches, feet, yards or meters. [...] no matter what measurement we use, the reality of what we are measuring does not change. Our rug does not become larger just because we have increased the quantity of measurement units by painting additional markers onto our rulers.
If the supply of gold in relation to the supply of available goods is so small that a one ounce coin would be too valuable for minor transactions, people simply would use half-ounce coins or tenth-ounce coins. The amount of gold in the world does not affect its ability to serve as money, it only affects the quantity that will be used to measure any given transaction.
This. I had to go to a project with my cousin cause this dude wanted an apartment in another country. While we were driving around there were all these shitty ass houses everywhere and just tons of apartments that were ugly. BUT THERE WERE NEW 2010 BMWs, MERCEDES, AND ICED OUT CARS. Those motherfuckers living off our wealth.
If I was dictator, I'd drastically reduce the size of the federal government, declare bankruptcy so we can get rid of our massive social security obligations, etc., open the borders, eliminate all current taxes and have a flat 10% tax, stop printing money, and eliminate medicare, social security, all welfare, etc.
Government programs I'd eliminate:
All welfare, including corporate welfare, bailouts, etc.
IRS
FDA
FTC
FCC
DEA
DHS
USPS
And anything else not specifically mentioned in Article 1, Section 8 of the US Constitution.
Other specific shit I'd end:
All foreign aid.
Having any military presence in foreign countries. We have nukes, let those solve the problem if we are attacked.
Government ownership of any percentage of any private company.
All regulation of Wall Street.
All government granted monopolies, incl. state, and the monopoly on currency.
Stuff I'd add:
A department to VERY STRICTLY enforce fraud laws.
For a contract to be legal, a true "meeting of the minds" must have taken place, with no option for states to override, and actually enforce this. (Sorry acai rebill guys
)
A requirement that the budget is balanced every year, with bankruptcy being the only option if it isn't.
Government programs I'd eliminate:
All welfare, including corporate welfare, bailouts, etc.
IRS
FDA
FTC
FCC
DEA
DHS
USPS
And anything else not specifically mentioned in Article 1, Section 8 of the US Constitution.
Other specific shit I'd end:
All foreign aid.
Having any military presence in foreign countries. We have nukes, let those solve the problem if we are attacked.
Government ownership of any percentage of any private company.
All regulation of Wall Street.
All government granted monopolies, incl. state, and the monopoly on currency.
Stuff I'd add:
A department to VERY STRICTLY enforce fraud laws.
For a contract to be legal, a true "meeting of the minds" must have taken place, with no option for states to override, and actually enforce this. (Sorry acai rebill guys
)A requirement that the budget is balanced every year, with bankruptcy being the only option if it isn't.
I understand now why there is a difference of opinion on this.
There are two sorts of regulation.
One is market based. It is anti-fraud (fraud is theft), enforcement of property rights (bankruptcy not bailouts etc.) and the natural market incentives of competition.
The other is the positive, politicized regulation like the SEC and FED.
When people talk about removing regulation of Wall Street, they are talking about removing the second part of regulation because it is ineffective and reduces competition. It encourages fraud when the government (which is pretty incompetent at nearly everything it touches) is the only regulator in the system.
For example, Madoff was best friends with the SEC, and despite years of reports exposing him, the SEC turned a blind eye. There was no competition for the SEC to do a good job, and government agencies which fail, get more funding and more power, so the incentives for a government agency are not to do a good job, but to allow little crises which expand their scope over time.
But I digress...
These Wall Street crooks wouldn't have dreamed of doing what they did in the last 2 decades, if they didn't have almost 100 years of protection under the FED. In the old days, banks went bankrupt when they were insolvent. That kept every bank on its toes and fighting for customer deposits. Deposit insurance is a get out of jail free card for banks, and lulls depositors into thinking all banks are equally solvent. The result is consumer apathy, where people don't really worry about which bank has their money (or how they use/misuse it), because it is all "insured" the same. The reality is, when a bank messes up, the consumer ends up paying the cost in inflation, and while they get the nominal dollars in their account back, the purchasing power is diminished.
That is the great trick of central banking. It diffuses the penalties/losses across everyone (except the bankers), so that the pain is never great in magnitude until there is a recession, which then gets blamed on greed or some other false culprit. People have trouble perceiving the effects (and thanks to propaganda, cause) of inflation in the short term, and in the long term, there is no political will to correct the problems of the past (balance budgets, pay off debt, return to sound money etc).
No one has fought the banks harder in the 20th century than Ron Paul. Paul opposes banking regulation because he knows it is designed to help the banks. I'm not appealing to him as an authority, but I know some people like Ron Paul and are still for regulation. Check out his reasons, I am sure he can make the case better than I can.
Ron Paul, Statement on the Emergency Economic Stabilization Act of 2008
Population control, as it relates to resources, is only a global problem. Here in the US, population control should be strictly enforced upon people who pay <35% tax rate ... these are the leeches of society who raise morally corrupt children to share the future with my daughter. Fuck them.
And yes, kaveman is on the right path too by legalizing weed ... plenty of money there. The only problem with that is our gov't is way too over-bloated. Any money brought in, which could stabilize our economy, would just be pissed away like all the rest of our tax dollars. It'll just be an excuse to spend more, not save more. Even so, it should still be decriminalized.
Downsizing DC & returning power to the states is the ONLY answer that will work. Some states will fail because they're still run by politicians, but enough will succeed that we'll have choices to where we want to move.
And yes, kaveman is on the right path too by legalizing weed ... plenty of money there. The only problem with that is our gov't is way too over-bloated. Any money brought in, which could stabilize our economy, would just be pissed away like all the rest of our tax dollars. It'll just be an excuse to spend more, not save more. Even so, it should still be decriminalized.
Downsizing DC & returning power to the states is the ONLY answer that will work. Some states will fail because they're still run by politicians, but enough will succeed that we'll have choices to where we want to move.
