Topic: This is all down to socialism - page 3. (Read 4124 times)

An honest and ethical banking system would operate without any fractional reserve money creation.

Banks should have two kinds of deposits.

1) Deposits that are not lent out but kept for immediate withdraw. Banks should be required to keep 100% of these on hand and would charge the depositor a fee for this service.

2) Deposits that are lent out as loans. This money once lent would not be available for withdraw and the interest paid on the loan would go directly to the depositor. The bank would take a fee to administer the loan and identify appropriate borrowers.

Combine this with an honest currency. This could be gold or better yet cryptocurrency something that is non fiat with an inflation rate of population growth rate + 1-2% a year.

It is all the same.

"Leaders" taking power from people to build up their own power so that they have more power to take more power from the people. That is what it all boils down to...over and over throughout history.

What excuses are your leaders giving to gain more power?

Yep, blame the system, not the people.
What kind of a replacement to FRB would you suggest btw?

You can not blame socialism for creating income inequality. Even in times when socialism was a shadow of what it is today 1870-1900. You had the robber barons and massive income inequality.

What socialism does is protect such entities from competition that might otherwise destroy them. Socialism allows such monopolistic growths to cease innovating and and simply survive as parasites on the population.  

Our problem is not socialism but our underlying fractional reserve based economic system. Socialism might work just fine in an economy with honest money, were fractional reserve lending was outlawed, and where government was required keep a balanced budget and barred from issuing debt.

The problem with any such dream system is its tendency to naturally decay into what we have today. In today's world socialism is simply the tool finance will use to steal the wealth of the upper 51-98% of the population. The bottom 1-50% has already been mostly wiped out by fractional reserve, debt, and usury.  
  

Thats got to be photoshopped  .

When would Trotsky ever be seen dead with Freddie Mercury or Axel Rose ?

GTFO

It is socialism.

All the forms of socialism except one place the power of the many into the hands of the few. The few are those in governments who direct the "property" of the everybody to be distributed evenly across society. What really happens is that the property of the many is distributed into the hands of those who are in government. Why? Because government people act in trust. But they can't resist the wealth. So they break their trust, and steal the wealth of the people. It always happens this way in the long run, and most of the time in the short run.

The people of common law countries - United States, Canada, the UK, India, Australia - don't realize what they have in the common law. The common law operates the ONLY kind of socialism that works - voluntary socialism. What is voluntary socialism? This is where the people own the property, individually, and they voluntarily, as each sees fit, donate the property to the poor.

Socialism is gradually taking over the common law in common law countries. How is it being done? The people are being trained out of their knowledge of common law in the public schools.

It's about time that the free people in ALL the common law countries, start to wake up to the fact of what they are losing, and start to re-learn common law, and then to use it to maintain ALL their property and ALL THEIR RIGHTS!

One of the best places to look on the Net for what common law is all about is http://1215.org/, and particularly http://1215.org/lawnotes/lawnotes/lectures/introduction/index.html. One of the best teachers about how to practically use common law can be found here http://www.broadmind.org/, here http://www.unkommonlaw.co.uk/, and here http://www.myprivateaudio.com/Karl-Lentz.html.

Let's wake up before we lose the world to the socialistic schemers who want to control everything, the superrich and the governments of the world.

Better yet, he could pay down the debt that's propping up his "wealth."

Really 220 Years
Slim may as well just invest in space development and build a personal gundam fleet with some Space Ready Ships
(They can build the lightdrive and put it in later) Find other uses for them in the short term.
Then to top it all of create the worlds first mass driver for sending objects to outer space
Begin the space colonizing age slowly and start with the moon and acquire any resources they need there to make Plants (Giant space colonies ^_^)

Put it on one of the Lagrangian points, to allow human habitation in space. The interior of each space colony usually replicates the surface of the Earth and the colony simulates gravity by rotating.

Enter CE Era (Cosmic)

I just can't stop imagining how you can spend 1,000,000 in one day? Everyday. In your whole life!

That is state socialism. There is also anarchist communism.

Yes, the richest men historically have snuggled up next to the evil socialist leaderss to steal from the people.

Is this all down to the populations of sovereign nation states having control of their countries means of production ?

Or is it down to a global and deregulated free market facilitating gross monopolistic accumulation ?



It would take the worlds richest man, Carlos Slim, 220 years to spend his fortune - and that, at a rate of $1,000,000 per day - according to the latest report on wealth inequality from Oxfam.


This is all down to socialism.

Isn't it ?