Re: [A-List] IMF: a Clintonian view

["Anne Williamson" <annewilliamson@xxxxxxx>]

Henry C.K. Liu wrote:

  "The new left of the 21st century is converging very fast with the new
right
 against the decaying mainstream.  Western democracy will increasingly be
tilted
 towards protection of minority rights to prevent a global coalition between
 poverty and majority rule."

I hope very much there is a convergence of left and right against the
decaying
mainstream.  As a paleolibertarian there is no question I find enormous
merit
in much of the left's criticism of the status quo, but I fear the resolution
the left
favors - more state power - is one I could never subscribe to.  Democracy is
no answer, nor is the US Constitution - a demonstrably flawed document that
has allowed the monster sitting on our collective neck to thrive and prosper
at
the expense of all.

"Tilting" democracy this way or that won't work.  The state
produces nothing, it must fund itself through robbery (fiat) and by selling
influence and
the right of monopoly.  The only way democracy is going to tilt is to those
who
pony up the cash, which - in turn - is used to manipulate the votes
necessary from
the enfranchised.  US foreign policy towards Israel is an outstanding
example of
the truth of "democracy" - one ethnic group that comprises but 2% of the
population
yet gives 50% of all political contributions owns our government to the
point that
this huge, powerful country has made an enemy of all of Islam, actually pays
the
freight for that "shitty little country" to acquire deadly weapons with
which to
attack and slaughter those it dispossessed, while exposing the American
people
to attack on their own soil.  Simply unbelievable that an entire people are
so gulled
by so few unless "democracy" is taken down as an idol and examined for what
it
really is - a fraudulent manipulation of people's true interest in peace and
progress
by the cynical and corrupt.

When you say that my posts are "describing BrettonWoods which started in
1946, not
under the New Deal" I'm at a loss as to what you mean.  Bretton Woods
convened in
1946.  From the founding of the Republic until 1971 foreigners could
exchange paper
dollars for gold.  There was no Bretton Woods prior to 1946.  Are you
referencing
the Europeans' attempt at a gold exchange standard, i.e. the Conference of
Genoa?

When you use the term "chartalist," do you mean a suscriber to the State
Theory of
Money?

BTW, the consequences of fiat money are not only economic.  Here's a recent
bit
from financial advisor Harry Schultz:


"GOLD vs. the PRICE of gold: I have written several times over the last 36
years and I want to restate this principle with force: I am pro-gold
regardless of the price! I don't fight for gold in order to make a profit on
gold shares, bars or coins! Gold is important for far more important reasons
and I would be embarrassed to promote gold only for monetary gain. Gold is
the essential linchpin for our individual (not group or nation) freedom.
Gold belongs to the monetary system as a governing factor. We belong back on
the gold standard. I used to compromise and say a quasi-gold standard will
probably do, a modified Bretton Woods version.

And that may be what will evolve, but in my view we should fight for a pure
gold standard, the old-fashioned form, because it worked! And not just for
fiscal reasons! It forced nations to limit their debt, spending and
socialist schemes, which meant sound behavioural habits were formed around
those limitations, and those habits rubbed off on everyone. People were more
honest, moral, decent, kind, because the system was honest and moral. Cause
and effect. Today we have cause and effect of the opposite standard: no
limits on what governments can do, control, dictate; no limit on government
debt, welfare or socialist schemes. There is no governor on the government.

This habit rubbed off on the public, causing them to go into debt, lose
respect for the system and morality. The effect brings us more divorce,
fraud, crime, illegitimate births, broken homes. When the money of any
country loses its base/backing there is no standard for any behaviour. Money
sets a standard that spreads into every area of human activity. No paper
money backing, no morality. That is why gold coin money worked so well and
why the U.S. moved into paper money very slowly, carefully, keeping the
paper-$'s backed 100 % by gold. But slowly, like slicing a sausage, that
backing was removed in stages, 'til now there is none. The effect of this
cause is all around us.

Violent films reflect violent society reflect no respect throughout society.
Layer by layer, we are corrupted when money loses certainty. Today's stock
market bubble is part of the scene as will be tomorrow's mega-crash and
mega-recession. Big Brother was made possible through the absence of
automatic controls and loss of individual freedom via non-convertible
currency. So, pass the word. Fight for gold. Not for profits, though they
are helpful and help us fight for individual freedom, but for a future that
returns to sanity in various standards. If we have a gold standard we get a
golden human standard! The two are intertwined. They are the ultimate cause
and effect.