Journal Philip K Dickhead's Journal: Banks Destroyed the States 15
And it wasn't accidental.
First, they loan ridiculous amounts of money to the public sector, knowing full well these loans can never be repaid, when the lending institutions are connected directly to the manipulation of interest rates. When, in eventuality state bankruptcy looms, the public infrastructure is auctioned to pirates of industry for pennies on the dollar. These corporations are, again, in debt servitude to banking. The octopus of ownership between international banks, major corporations and the Federal Reserve are beyond the scope of examination for this posting.
One result of this is the obliteration of the organizational integrity of the state. California is such an example. So is Illinois. Without access to its resources or ability to exercise meaningful Constitutional powers, states are completely subsumed into mere organizational units for the delegation of Federal Government - which can not really be anymore described as Federal, with any accuracy.
The last remnants of the Old Republic have been swept away.
The "Old Republic" (Score:1)
Did it ever really exist? Outside our imagination? I mean, I just can't find a point that was significantly better or worse throughout its entire history. Even during Camelot...
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Heh. I've been looking further back than that, I can I can't find a significant period of time in history in the last several thousand years where this wasn't the case. Even before banks, those with money would lend it to those who needed it and would totally own them in the end.
Shakespeare, in Hamlet (c. 1600 C.E.), writes "Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry."
The Bible says in Proverbs 22:7 "The rich ruleth over the poo
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I can only find it in small isolated communities- and even then only when replaced by creative fees such as Friegeld (in Worgl, Austria, where the money had a 10%/month tax on savings- the actual currency expired) or bartering communities where commodity-based money was used and no banks were present at all (usually small tribes- though the T'sinook Trading Nation once stretched the entire 1200 mile length of the Columbia Drainage Basin, had a major city at Celilo Falls that dealt in eight different commodi
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Destruction of property as a display of wealth. Interesting... From the looks of things, it seems to have caught on in a big way. I suppose the person who destroys the world wins.
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Actually, the Potlatch wasn't *direct* destruction of property. It was the giving away of property rights as a display of wealth- the man who gives away the world wins. In a hunting-gathering-agricultural society, his family starves the next winter though. Which sometimes actually did happen.
And even the point of freigeld wasn't the outright destruction of wealth- it was the limitation of trading to a point below that which would cause inflation.
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Actually, the Potlatch wasn't *direct* destruction of property. It was the giving away of property rights as a display of wealth- the man who gives away the world wins.
That does seem more palatable..
His neighbors would actually watch this happen? Would helping the guy out put the whole village in danger of starvation?
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His neighbors would actually watch this happen? Would helping the guy out put the whole village in danger of starvation?
With the way the T'sinook had a tendency to self-segregate during winter, his family WAS the whole village- and quite often, it was 5-10 miles between villages (a village in this case being a cluster of 2-3 cedar plank longhouses). In the days before roads of any sort, that was a long way. The big equalizer, was the rivers- which is why Celilo became such a large trading city, a
Or ,,, (Score:2)
California and Illinois issue their own $1,000,000 coins in payment [wikipedia.org]:
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Um.. what?
No State shall... coin Money...
FTL: Only Congress (see Section 8) has the authority to coin this money that should be used by the States.
How did you get to California and Illinois issue their own $1,000,000 coins in payment...
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They can mint the coins, but they are not legal tender. Nobody is obligated to accept them as such.
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So, they contract with the Canadian mint to coin "Callies" with 0.0
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I think both have to be taken together.
Part 1 is "States can't make their own coins" part 2 is "and they can't get around this by printing paper bills and declaring it legal tender".
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So they have coins with 0.0001% silver in them minted elsewhere, and they issues them as legal tender, as is their right under "make any Thing but gold and silver Coin a Tender in Payment of Debt".
It's all fiat currency anyway ... (just nowadays "fiat currency" means "Fix It Again Tony", ju