Comments on: What’s Wrong About the Political Money and Banking System?

By: Raymond Pearson

Raymond Pearson — Sun, 06 Jun 2010 02:42:45 +0000

The fundamental problem is simply that the government is printing more
of our own currency without any added value in addition to borrowing from
other nations (like China). That is why at the time of this writing there is a
gold rush going on. Everyone wants to invest in the universal currency that has been and always will be the standard…before the inevitable global economic meltdown

By: sthomper

sthomper — Thu, 09 Apr 2009 17:52:10 +0000

“Money should be issued on the basis of goods and services already in the market or shortly to arrive there.”

i am unclear about the meaning of this. issued by those who are making the goods as well?

havent the commodity monies already worked this way in a sense?

if say gold was desired in the commodity market and additional gold intended for money could also be mined profitably would this not satisfy the issuance issue

By: Michelangelo

Michelangelo — Thu, 09 Apr 2009 10:31:48 +0000

Dear Thomas, I agree with you. Your hard work on the subject coupled with an untiring knowledge dissemination work of a such important topic will form the base for a new awareness that will help the transition to find a sustainable path.

Thank you. Thank you. Thank you.

By: Mike

Mike — Fri, 03 Apr 2009 00:41:46 +0000

Tom

These simple axioms are indeed what is right and fair. They are line with the natural law’s of money discovered by E.C. Riegel. (The only ones who really understand this are those who few that have actually read them as we have.) Individuals and business will need to facilitate their application as we reinvent money to free ourselves and all others from the current monopolistic system under which the whole world continues to suffer. Riegel said the political money system posed the greatest single threat to freedom. Now we understand why. Thanks for expressing it so well in so few words.

Mike