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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%Nov 10 4:00 PM EST

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To: c.hinton who wrote (80706)1/12/2002 3:45:15 PM
From: E. Charters  Read Replies (1) of 116753
 
The problem lies in the system that is implemented. The men and other people are not the problem but who controls what. If you drive an edsel eventually it will end up in the ditch. If you drive a benz, you will find that safety is less of a problem. That is why the American constitutional system appears to be less of a problem despite the vast social inequities in the US pantheon. More poor relatively than other country in the world ... (far more inequity amongst the poor because it is a rich society). The poor are more exploited and more blamed for their own misfortune, yet there is more social peace than amongst countries that are far less in-equitable. The reason is the illusion of governmental equity. Of course it is just an illusion, but an important one to quell the masses.

You may disagree that there is a problem with single group control of certain financial matters. You might think that there is an element of bigotry there. Far from it. If it is a fact then it can be recognized. I did not disparage the people, just their absolute power. If you have a problem with the ideas, deal with them. Ad hominem only tells me that you did not understand the ideas. You should never demean yourself like that.

I have no problem with your verbal diarrhoea, I can see no reason to disparage mine in return.

I disagree that any system is therefore fine. We must implement a good equitable system. Few people realize that our financial and social system is a con job. It was based on theft by Kings and moneylenders. Actually the Jews invented our monetary banking system in England many years ago as private gold lenders. As they ran it then, it was more fair, safer and markedly more honest than the unabashed looting of the fr. Kings, dei gratia.

Interest is the thorniest problem to deal with. Barter would be one way to do it. Countries don't like it because they think, wrongly that the only way to run bloated governments is to rob the people. Money can be created for government work without robbing people or charging for government services. Paul Hellyer a former Canadian cabinet minister, had one way. The problem with Mr. Hellyer's way is that it involved gov't creation of money. (We would buy stock or bonds in Canada, and be issued some free and inherit this stock tax free..)

Banks must create money for the gov'ts to pay back. Governments can only borrow money. They should never create it. This would be automatic inflation. In fact they borrow it from the people and then they steal from them with taxes to pay it back! This has to end. It is phony and the government people, with more insight than the ignorant masses, know it.

The mechanism is this. The US governments issues bonds to banks to pay its debts which are gov't payroll, interst on foreign borrowing, and for projects. They issue bonds to the banks with coupons that pay the interest and principal of the loan they received. This bank is nominally the federal reserve. They then tax the people to get the money to pay back the loan! Wakie Wakie. The money they get loaned in the first place is money that is created from money on deposit from its taxpayers! It is their money the banks are lending to the gov't. Then the gov't uses their money with taxes to pay it back!

Why do you not LOAN your money directly to the government for its service and get PAID back for doing so? (This is not so crazy. In some cases governments have setup paying corporations... Petro Canada, BRICK, HYDRO, etc..) Well, because the government's work is considered payback in itself. In part it is by cost benefit. But there is no recognition of the value of the loan we are extending to the government on both sides, by depositing money and by paying taxes. Rather circular isn't it?

Personal and business taxes should be optional. The incentive would be that they would confer a benefit upon the owner of a reduction in other gov't fees and taxes, such as excise, land tax, sales tax, etc... With excise taxes alone the government could pay all its debts. It did in 1801. It chooses to tax people because it can, as an internecine group become powerful in itself with money. It expands by the corrupt force of pork barrel politics. Today we see the move of minorities to seize control of all gov't positions by devious clever means such as hiring quotas (. It is plain that government should be reduced by as much as 75% everwhere, so that the private sector can return to profitable status.

EC<:-}
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