Wrong.

Look into Federal Reserve system. It is not Federal. It does not maintain a reserve. It is a consortium of privately owned and undisclosed banks.

https://duckduckgo.com/?q=how%20the%20federal%20reserve%20creates%20money

In modern, neo-Liberal economic societies Government borrows money from private, central banks. This money is called into creation as debt. The creation of the money is an act of the bank - an accounting phantom - entering new assets as black ink on their ledgers.

Government no more "creates money" under this scenario, that you do, by using a credit card.

If "governments" backed the money, they wouldn't declare "austerity" programs on their own constituency - but instead issue jubilee forgiveness, with full restoration of productive capacity, etc. Instead, the EU and US BOTH "bail out" creditor institutions, ceding all right to their own resources and productive capacity to ownership by the bank.

It's a Typepad hosted site...

On demand? Are they 3D printed, "just in time"?

15 mm ought to do it. Then we can get 100% participation in the "existing 25 million golfers apt to quit in the next few years".

There was another, in Nov. 1963.

One began immediately after April 12, 1945.

Google is OWNED by the "people" who OWN the Government.

Who creates money?

Government is only a corporate tool. Corporations are the shadow actors created by the super-rich to give themselves vehicles for action that are both superior to the state, and state-sanctioned legitimacy in this superiority.

Hating the "Government" is like pig-iron hating the hammer and the forge - not the Blacksmith.

PsyOntology. ScientTautology. As American as apple pie!

You still think that the team owners are more important than the Conference management.

Money is speech?

You are seriously fucked.

Fed vs State. Simple.

Easy for white man to get all emotional about the politics, without caring for the people.

"By holding up modern China as an example of Communism, Smith expressly shows us that he is fucking propagandist scum inhabiting the more clever of propagandist echelons as the peon is then seemingly left with NO OPTIONS as to how they could potentially reorder or rethink their society."

http://www.moonofalabama.org/2014/04/open-thread-2014-10.html#c6a00d8341c640e53ef01a73dae40f4970d