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MarketTicker Forums Read Message in Federationists
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User Info Creation of unbacked credit and monetary inflation in forum [Federationists]
Grashopa
Posts: 2621
Incept: 2009-02-03
Green
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Quote:

Creation of unbacked credit and monetary inflation are both theft by counterfeiting of the nation's money and must be severely punished.
A loan against nothing (such as a credit card) but the promise to pay in the future is an effective naked short against the currency of the nation. Such an act is inherently inflationary and debases the money by pretending that there is more money in the system than actually exists. Unbacked loans must be made only from actual capital from investors who loan their accumulated capital and not created from thin air. Likewise, intentional inflation debases the nation's money. These acts are in fact theft from the citizens who have saved value from their personal production in excess of their living requirements and must be treated as felonies. Federationists stand for sound money - not through the chimera and false God of a "Gold Standard" but rather by prosecuting fraudulent acts in the banking and credit system.


I'd reduce this one to congress must control the money supply and enforce stability. Enforcing leverage limits and allowing failure is all the necessary control in my mind, what you put forth is too much of a radical change to be accepted.

edit- You should probably remove post restrictions in this forum.

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Theft is evil

Genesis
Posts: 130747
Incept: 2007-06-26
Admin A True American Patriot!
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"One Dollar of Capital" inherently resolves 90% of this issue all on its own.

There is no current facility to remove post restrictions only in one forum. If you're a non-donor, make your contributions count :-)

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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