Comments on: Once Again, Stupid, It’s The Economy

By: rancherlady

rancherlady — Sun, 13 Sep 2009 04:05:08 +0000

Mike, I shouldn’t pig Richard’s mail, but he’ll forgive me. I really enjoyed your mini-article, above. Now, if we could just be sure the Feds wouldn’t get us for counterfeiting…they don’t have a great deal of respect for the Constitution, you know. It is an intriguing idea, and if California can utilize IOUs…if you want to talk this over please write me at ranchLT4@aol.gmail. Got any other bright ideas?! Linda Brady Traynham

By: Mike

Mike — Sat, 12 Sep 2009 17:53:13 +0000

The 10th article of the Constitution. We the “People” have the right to organize and develop our own “notes” of credit. This being said there are enough like minded people who understand that we need a form of monetary instrument that is not tied to the Federal Reserve fraud notes. We need to set up a system that is backed by either Gold or Silver that allows for a central clearing house or distributed network of storage units that would be the backing for notes of credit. Minds much smarter than I need to work the details out. As in better times notes that are backed by gold are rarely ever traded in for the metal simply because its an inconvenience to transport and store. As long as the value is guaranteed, history proves this to be a well run system that only builds in value. I propose a method where anyone who wants to trade a federal reserve note in for a Goldback can. It can either be a straight 1/1 trade or have a %10 fee to cover overhead and printing. The money that is traded is used to purchase whatever amount of gold is needed to satisfy the demand. The beauty is that Gold will rise and fall with whatever inflation rate is existing enabling an equal exchange of Federal Reserve notes for Gold. A dollar of gold will always be a dollar of gold no matter what the price of gold is. This system (simplistically laid out) takes reserve notes out of the economy and would have a more stabilizing effect on them than all the government bailouts and rescues we have seen over the last century. It is not until fractional money is introduced that eventually turns into fiat that these type of gold or metal backed monetary instruments fail. We as the “People” need to do something about our monetary system and take back the power that has been wrested from us by mega financial interests through the extortion and enabling of Congress and the Federal Reserve. Anybody want to buy a Goldback?

By: rancherlady

rancherlady — Sat, 12 Sep 2009 06:13:07 +0000

And not only that, Ed, but some of us remember that sometimes the banker filches the money!

By: Once Again, Stupid, It's The Economy | kozmom news

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By: Ed Howes

Ed Howes — Fri, 11 Sep 2009 23:10:56 +0000

Hi Richard,

I have a decided preference for the term Monopoly money and I’m happy to see someone else using it. In comparison to the game, the game ends when one player wipes out the other players and often the bank as well. In real life, the banker wipes out all players.

By: Tex Norton

Tex Norton — Fri, 11 Sep 2009 21:06:42 +0000

Hey Richard:

As I re-read your article, it dawned on me that none of these clowns have ever held a real job, met a real payroll or been forced to balance a budget. But we’re supposed to trust them to “do the right thing.” So the “It’s the economy, stupid” is just their code-word for “Show Me The Money.”

Great Article!

Cheers, Tex

By: Once Again, Stupid, It's The Economy

Once Again, Stupid, It's The Economy — Fri, 11 Sep 2009 18:53:03 +0000

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By: New Mortgage Info » Blog Archive » Once Again, Stupid, It's The Economy

Fri, 11 Sep 2009 17:23:49 +0000

[...] Richard Marmo wrote an interesting post today onOnce Again, Stupid, It's The EconomyHere’s a quick excerpt [...]

By: Richard

Richard — Fri, 11 Sep 2009 16:53:23 +0000

Linda,

I’m honored by your comment. Thank you.

By: Once Again, Stupid, It’s The Economy

Once Again, Stupid, It’s The Economy — Fri, 11 Sep 2009 16:50:03 +0000

[...] News Sources wrote an interesting post today onHere’s a quick excerptIn many ways it always has been. Simply put, the economy is at the root of everything we do. For example, despite President George H.W. Bush’s success with the first Gulf War, he was unseated in 1992 by Bill Clinton’s use of “It’s The Economy, Stupid!” Did that phrase have any effect–other than to help elect a presidential challenger–on our doing financial business as usual? Nope. Sure, we were on a bull run with a roaring (we thought) economy. Everyone who wanted a house could get one, [...]