Printing money indiscriminately and banks’ lending out money through a fractional lending system is much more insidious than both Ed Gifford in his book “The creature from Jekyll Island” and Rochard’s “Anatomy of the state” make it out to be.
Granted it dilutes saving and IRA’s but the real crime is that it devalues the "productive labor …
Printing money indiscriminately and banks’ lending out money through a fractional lending system is much more insidious than both Ed Gifford in his book “The creature from Jekyll Island” and Rochard’s “Anatomy of the state” make it out to be.
Granted it dilutes saving and IRA’s but the real crime is that it devalues the "productive labor worth of the individual."
The simple example I give to the understanding of devaluing the labor worth of the individual and subsequently their self esteem is in the 1960s my father was a salesclerk. For his labor he was able to buy a house, put four children through college, owned a car and my mother stayed at home and taught us life lessons that I value to this day.
This was first realized by Karl Marx and explained in his book “Das Kapital” but since his solution to the problem was communism little is given to his understanding of labor as the productive worth of the individual in a society.
Printing money indiscriminately and banks’ lending out money through a fractional lending system is much more insidious than both Ed Gifford in his book “The creature from Jekyll Island” and Rochard’s “Anatomy of the state” make it out to be.
Granted it dilutes saving and IRA’s but the real crime is that it devalues the "productive labor worth of the individual."
The simple example I give to the understanding of devaluing the labor worth of the individual and subsequently their self esteem is in the 1960s my father was a salesclerk. For his labor he was able to buy a house, put four children through college, owned a car and my mother stayed at home and taught us life lessons that I value to this day.
This was first realized by Karl Marx and explained in his book “Das Kapital” but since his solution to the problem was communism little is given to his understanding of labor as the productive worth of the individual in a society.
Taxing the proceeds of production [income tax] is by far one of the worst offenders of the Constitution, it's theft of the individual, legalized.
Edward Griffin ?
G. Edward Griffin. Yes.
it's not money it's currency. world of difference