I'll just add one more: TRUTH matters.

"Imagine another American Revolution, where, knowing what we know now, what we could achieve with a rewriting of the rules to prevent the very corruption we are living through."

I've often thought about that, but I keep coming back to one observation from John Adams:
"Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."

Our people have lost their morals and allowed for the election of representatives who have no morals. Until We The People comprehend our inherent rights and moral purpose, our nation will degrade until it is destroyed and we are forced to rebuild it. Can we "solve" the problem of immorality through rules on paper? I don't think so. We have to teach morality to our children.

Fed Reserve "currency" is not money. It consists of DEBT notes that the Government owes to the banks. These Debt notes are made useful by congress declaring them to be "Legal tender". (not constitutional Tender) exchanged for goods and services even though only coins are allowed to be used as tender in the States according to the Constitution.

However the face value is NOT the actual redemption value neither is it a dollar of gold or silver. It represents the value Government and the FED assigns to it. Your dollar is only worth a few pennies, if that. Prices only equalize to the underlying value of the Notes. So the 100 cents you used to be able to exchange for the dollar note in 1923 has dwindled down to pennies.

Comics that were 10 cents in the 60's are now 4 dollars not because of greed but because the underlying value of the Dollar note is 2 cents. So you are getting a discount from the FIVE dollars it would take to garner 10 cents of value to pay for the comic. .

The government always and forever will increase the debt owed. If the government pays back it's debts there will be no currency.

Words matter. Understanding Matters.

All of these problems are solvable. But the corruption that exists today prevents it from being Taught in schools. Prevents people from speaking about it. Prevents others from understanding/grasping it.

Imagine another American Revolution, where, knowing what we know now, what we could achieve with a rewriting of the rules to prevent the very corruption we are living through. Our forefathers did an amazing job in America 1.0... America 2.0 could be equally impressive... Leading to a Sci Fi future, not the Dystopian Future of the Globalists!

I'm always into history. Can you share some of the civilizations so paralyzed? I'd love to do more research... Thanks.

The discussion should never be about what policy or decision the government should make. There should be no authority given to the governors to do anything. With a sound currency based on value the prices always go down because of innovation and more becomes available to all economic classes.

"Also, the banks are the enemy of the people. They afford the corruption."

Spot on.

Also sincerely appreciate the rest of your comment. Explanation is fantastic!

The problem with fiat currency, however, is that it isn't stable precisely because those in power can and do manipulate the supply.

I, too, would like to see a Federal Reserve that acted appropriately. It's never going to happen, however. The Fed was created under false pretenses and has only every operated under such. It is contrary to its mission and purpose to operate for the betterment of the nation as a whole. The only thing that could come close is to abolish the Fed and re-institute something like the first national Bank of the United States. And it had similar problems because the primary issue isn't mechanical but moral.

While it is true that many forms of currency have existed over time, I still can't agree that crypto currencies are hard mediums of exchange. The thing that real gold/silver/platinum have going for them is that they have intrinsic AND extrinsic value. Cryptocurrency has only extrinsic value. And lest someone accuse me of just being "behind the times" please understand that I'm a database guy with over 25 years under my belt. I also have an MBA, however, and my experiences through the tech bubble temper my enthusiasm for all things digital. Been burned way too many times by false promises of a "digital transformation" to put my eggs in that basket.

"In fact, I will (and have) argued that any growing civilization produces DEFLATION."

There is no question that technological improvements lead to efficiencies and lower costs in relation to one's currency. But the currency's value itself is largely determined by the amount of currency in circulation, which has largely been solely regulated by government. If the money supply doesn't expand somewhat to accommodate a growing population, there could be some minor deflationary effects, I agree, but this is because of currency supply - not because of the population itself. Even a modest effort to mine more precious metals for circulation as currency can offset this.

Now, the price of such things is inflated because the CURRENCY is NOT "MONEY"

Spot on.

Also, the banks are the enemy of the people. They afford the corruption.

Rough Fix: M1, M2, M3 Money supply.
M1 is the money created by the government SELLING Bonds.
M2 is (my understanding) the direct ability of the FED to grow the M1 electronically loaning money against.
M3 is CLEARLY the money supply after the banks LEVER IT UP (at the FED window, borrowing against DEBT instruments, like existing loans).

Banks do NOT make the difference between 3% mortgage and 1% CD Rates. Sorry. They cannot survive on that. Banks make that much on the FIRST of MANY levers.

Then, they go to the FED Window, with the mortgage as Collateral. They borrow THAT much against DEBT. And then pay the FED rate to the FED. (This multiple averages about 15 times the M1 supply). Citibank levered 42 times back in 2006. (So, if they were making 2% on each lever, they cleared 84% returns on deposits).

The simple fix. Every lever that the banks get at the FED window... Should come with a 0.25% (25 basis points) rate PAID to the Treasury to pay down the interest on the debt. And above 10x levers, then it becomes 0.5%

Just using a 10x Average Leverage. It drives the cost of the money to the banks up VERY LITTLE. (so, they make 1.75% instead of 2%... Whatever).

But .25% x 10 (times M1) = 2.5% of M1... Hmmm, with government interest driving what is killing us.
This solution seems PRETTY FRIGGING OBVIOUS.

And at 15x, with the 0.5 kicking in for 11-15 => 2.5% of M1... Then, WOW, we have 5% of M1 coming in.
We could NOT ONLY PAY OFF the interest every year, we could actually be paying down the debt!

Furthermore, Risk On/Risk Off scenarios.... The Treasury could control the M3 simply by raising the second rate even higher. Which would FORCE the banks to offer BETTER rates to customers holding savings, so they could start from the bottom and avoid the higher leveraged rates.

Advertised well... This should be stated as "For centuries, the bankers have always paid themselves first, and enslaved everyone else to debt, while offloading their risk to the public, leading the to inequities we see today. This one change makes the Bankers pay their fair share, encourages them to encourage savings, and will slowly allow our children to remove the yoke of debt slavery the banks have so willingly placed around their necks, with the help of our corrupted government officials!"

I continue to be amazed that cryptocurrencies are flourishing, in spite of the fact they are based solely on the idea that the next person is stupider than you are, and willing to pay more for the nothing you bought. I thought Ponzi schemes were illegal. This is the end result of a fiat currency, because if the government was willing to crack down on cryptocurrency, then that same argument could be used against the USD as being valueless in reality.

Well, I love how they credit Carter with coming up with Reagans Plan, ROTFLMAO.

And "sound" money does NOT have to be based on Precious Metals. It could be based on BTC.
The trick is that it has to be decentralized, AND FINITE, with ENERGY required to "Mine" it. Just like Gold.

In fact, I will (and have) argued that any growing civilization produces DEFLATION. Because society stands on the shoulders of prior generations. Each new invention is another step in reducing costs, increasing efficiencies. Thereby lowering effort required to produce the same or better works.

Todays computers are how many TIMES faster and better than our old computers? Our A/C units are how many times more efficient? Now, the price of such things is inflated because the CURRENCY is NOT "MONEY"... As we have seen.

I'm in the high desert. Mountains are a reasonable distance.

Blair, do you live near mtn streams? If I did , I’d be panning in my spare time.

Fiat (worthless) currency, trade for and stacking the shiney silver.
20+ ozs in every electric car. All green energy needs silver. Solar panels to wind generators all require the sterling. When , not if we go back to a metals based currency silver should climb in multiples from today. Just scored 354 ,1964 Roosevelt dimes to add to the stack.

The entire article is smokescreen protecting the culprits: the banking cartel corrupeteers and the corrupted federal government looters.

Blarman, you got it exactly right. 👍
It's all a result of banketers creating USD from nothing to insure their power and line their own pockets at the expense of everyone else.