Tuesday, March 10, 2009

AN ANALOGY TO EXPLAIN THE FRAUDULENT NATURE OF MONEY CREATION BY BANKS

First, the comment that I'm responding to:

Sugar1:
"Sure every bank is in business to make a profit. If you have a business don't you expect to make a profit. I sure wouldn''t call it fraud if you did. Get your head on straight!"

The analogy:

Of course I don't begrudge anyone their profit. But suppose the way I made a profit was by producing sugar pills (i.e., a placebo) that I was allowed by law to sell as a cancer treatment. Suppose that I could just crank out sugar pills with nothing in them but ordinary sugar, but the government allowed me to market them as a cancer treatment with ingredients besides sugar that have been proven to treat cancer. In fact, the government supports my marketing claim that the pills are useful for treating cancer. I wouldn't have to pay for any research on cancer treatments, I wouldn't have to pay to have any medicines developed that actually treat cancer.

Let's further suppose that the government required all cancer patients to buy my pills from me, even though they're just sugar pills, or placebos. And no one else can make these pills but my company. And so I make obscene profits off my simple sugar pills that cost almost nothing to make. Would you find that at all objectionable? Shouldn't you call that fraud, even though it's all nice and "legal?" I should think so.

But that is no different than what is being done with the money supply. The money created by banks is equivalent to my sugar pills--it costs nothing to produce, everyone in the country must use it, and no one else is allowed to produce it. Just like my sugar pills are not in any way a cancer treatment--but the government says it is--money created by banks is not in any way real money, the kind that is derived from labor and productivity. But the government says it is real money and that we must treat it as such. This fake money is fraudulent, then, even though it is legal.

4 comments:

Anonymous said...

Hello everyone! Who knows where to upload the film Avatar?
I even bought the film Avatar for a SMS to http://rsskino.ru/kinofilm/avatar.html , the link was, but download fails, the system will boot quite strange cocoa something.
Men, advise where to normal as quickly download film avatar?

Anonymous said...

I sell a boat-program which will help you to outwit auction and to win, initially the boat was created for the Scandinavian auction http://internet-aukcion.ru/ but now the program can work with similar auctions: gagen ru, vezetmne ru and with ten.
The program-boat stakes for you, i.e. for this purpose it is not necessary to sit constantly at the monitor. The boat can set time when it is necessary to stake, thus you as much as possible will lower expenses for rates, and as much as possible increase the chances of a victory.

The price of the program a boat for the Scandinavian auctions 20$

For the first 10 clients the price 15$

To all clients free updating and support.

Behind purchases I ask in icq: 588889590 Max.

Anonymous said...

[b]Set software LoveBots v 5.2[/b]

All for a mass mailing dating http://24lux.ru/

The script is written in php5

Features:

[i]registration, account activation
manual input captures, or the solution through antikapchu
filling data accounts:
- Gulf desired photo
- Инфы about yourself
- Diary
- Sexual preference[/i]

gulyalka on questionnaires spammer on lichku
- Randomization Posts: replacement of Russian letters in Latin analogues

optimized to work in a continuous loop
check-activation-filling-spam check ..

Updates and support free of charge.

Price per set 100 wmz

For the first 10 buyers price 70 wmz (your feedback on the software).

For shopping I ask in icq: 588889590 Max.

Scrin program:

[IMG]http://i066.radikal.ru/1002/9d/a7a68e8c96ee.jpg[/IMG]

[IMG]http://i054.radikal.ru/1002/19/9db76967c0e5.jpg[/IMG]

[IMG]http://s003.radikal.ru/i202/1002/24/20716e86512e.jpg[/IMG]

Flooding in the subject no! Write to feedback after the purchase.

Applique softwar said...

Thanks

Applique Soft