|Money, Taxes, and Corporations|
This document was most recently revised on Tuesday, June
|Give a man a gun and he can rob
a bank. Give a man a bank and he can rob the world.|
in Mr. Robot
|Economists, like all pseudoscientific
charlatans, know that they can hold onto their high-paying jobs only as
long as they can keep the common people convinced that money matters are
so mysterious that only economists can understand them.|
in The Way to Dawnworld, by Bill Starr
|People read The Wizard of Oz,
written in 1900 as a children's fantasy, but other people think it's a
story about gold. A country kid from the Midwest loses her house,
teams up with a farmer and an industrial worker, and battles wicked forces
from the West to the East. The only way to save herself is to follow
the yellow brick road, which sure looks like gold to me. And by the
way, what's gold measured in? Ounces, or Oz. When she gets
to Oz, what does Dorothy find behind it all? A corrupt politician
behind the curtains pulling strings and controlling the little people.|
|... Yes, the United States
has been rigging the gold market for at least a half a century....|
... it's certainly good for the United States in
the sense of maintaining the American empire because the rigging of the
gold price maintains the value of the dollar and maintains the value of
U.S. government bonds and it keeps the world using the dollar. The
rigging of the currency markets has been the central objective of U.S.
foreign policy for at least 50 years....
... Because the currency market is the most powerful
mechanism of imperialism. Occupying a country militarily is nothing
compared to controlling its currency market. If you control a currency
market, you can get everybody to work for you as your slave.
| ^ ||Counterfeit
The problem isn't the counterfeit currency. The problem is the
| ^ ||Gold Enough
Most of the problems in the economy would be solved if the economy
was based on a gold standard. Alan Greenspan agrees with me, or at
least he did in the past. You can read his comments on the subject
in his article Gold
and Economic Freedom.
| ^ ||Interest-Bearing
I've long believed that interest-bearing transactions ruin an economy.
However, the economists have enshrined interest-bearing transactions as
being almost sacred. People keep wondering what's wrong with the
economy. Here's part of the answer.
| ^ ||Liability Ltd.: Corpus
Corporatum and Corpus Delecti
I spent many years trying to discover a remedy for the misbehavior
of corporations. One time I even invoked the Nuclear Regulatory Commission
against the General Electric Company. That created a lot of job security
for everybody except me. Eventually, I learned the answer to the
problem. In principle, it's very simple. In practice, it will
never happen. People are excessively greedy and insufficiently courageous.
Anyway, here it is.
| ^ ||Money
When I was an adolescent, my father taught me the definition of money.
During seventeen years of formal education, including a b.s. in nuclear
engineering, I never encountered that information again. Now, I've
discovered that Alan Greenspan agrees with me, or at least he did in the
past. You can read his comments on the subject in his article Gold
and Economic Freedom.
| ^ ||Quid Pro Something
|The First Law of Economics:||You can't get more value out of a transaction
than you put into it.|
|The Second Law of Economics:||You can't get as much value out of a transaction
as you put into it.|
| ^ ||Serial Taxation
When you consider that all funds are taxed at least once per transaction,
it's amazing that anybody has any funds at all.
| ^ ||Shadow Taxes
I call it Shadow Taxation. That means that the tax doesn't stand
alone and isn't even called a tax. It falls upon people as a result
of something else that's enacted (so we're told) for a completely different
reason. However, the prominent results are control and revenue.
| ^ ||The Solmon Scenario
Don't be surprised if you wake up one morning to discover that the
value of your entire investment portfolio has fallen, overnight, to zero.
| ^ ||They Can
Fool Too Many of the People Too Much of the Time
I intended, when I began this essay, to prove that fractional reserve
banking increases the amount of cash in circulation. Early in the
essay, I proved the opposite. I also discovered that fractional reserve
banking doesn't really exist and would necessarily destroy itself if it
did exist. Beyond that, I found the existing system to be a sinister
deception. Inflation is only one of its evils. The thing I
least expected to discover but which ought to have been the most obvious
from the very beginning is that none of it would be possible without the
willing cooperation of the people.