Skip to main content

View Diary: Chase has taken their next move, into your paycheck (265 comments)

Comment Preferences

  •  We need government CURRENCY. (15+ / 0-)

    With cash going the way of the horse and buggy, we need to recognize that the banks have been milking our entire currency system for centuries based on the fact that they were the people who owned stocks of gold in the 1780's.  It's not the 1780's any more, currency is no longer "backed" by gold, and fiat currency doesn't need to be "loaned" to the government in order to print money.  Paper and credit money is no longer a literal "note" claim on a pile of gold sitting in the bank basement.  Our monetary system is based on the issuance and trading of credit, and doesn't require Private Investors to provide the underlying capital reserve to legitimate it.  The "capital" is provided by the government's power to seize, control, and tax in order to make good on debts and regulate commerce.  That being so, the GOVERNMENT should be the sole active party in the creation and regulation of money.  Banks should be irrelevant.  They have ceased to be facilitators of trade and have become nothing but parasites.

    •  ^^^ !!! (5+ / 0-)

      Banks have managed to get a cut off every bit of commerce.  They have pushed plastic so much they have convinced most of us that it is better than money.  They now have a slice of our food, rent, gas, healthcare, insurance, etc. People use plastic to buy a candy bar or a movie. Sick.

      Be the change you want to see in the world. -Gandhi

      by DRo on Sun Jun 16, 2013 at 11:06:57 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site