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Politics : Politics for Pros- moderated

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kckip

To: frankw1900 who wrote (609996)	10/4/2016 8:58:57 PM
From: LindyBill	1 Recommendation Read Replies (3) of 793964

Good post, Frank. The way I see it, the NYC Banks, which had all the gold after the Civil war, pushed immigration because they needed the cheap labor to build our industrial base. All that "boo hoo" about "send us your poor" was done with their full approval. When I started examining "money" in the 70's, as in "what is it?" I rejected commodity money, such as gold and silver, as a standard because it wasn't elastic enough. As a "free enterprise" person, I realized the ultimate money had to be free of our Banking/State system. It had to grow out of our economy and we are seeing that happen now with Internet availability. Paypal has been the first good example, although still State controlled. I believe it's so important than when we finally get to it the Banks and the State won't be able to stop it. I realized that everything in the Universe is connected to everything else. That the headwaters of our river of knowledge starts with classical physics. That all classical physics discusses is energy and energy exchanges. That energy exchanges are all that go on in the Universe. When you go downstream from Physics to Biology you find that life is a thermodynamic process that organizes energy. That human life organizes and exchanges forms of energy. That is what we are and what we do. We trade with each other. What we trade are all forms of organized energy. To smooth this process out, we had to come up with some sort of credit. We have used just about everything under the sun as a form of credit. It is almost always some commodity. One of the first sources of credit in this country was warehouse receipts for future delivery of tobacco. We had almost no gold or silver. So credit good for future delivery of tobacco was used as money. It became obvious that credit was money and should be based on energy. Energy is the prime product of the Universe. That meant that the definition of the ultimate source of money was credit good for future delivery of energy. Exactly how it will work and how we will get there is for the future to know. That electricity will be prime is pretty obvious. But I am convinced we will get to it eventually.

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