We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bring Back The GREENBACK Party

24

Comments

  • For capitalism to work all the country's resources need to be placed into private hands, They sell you the lie that when they sold off the national grid, or the railways or water companies that it's in the country's best interests.

    The Bank of England is a PRIVATE institution which lends our government fiat money at interest.

    we sidestep that interest and issue it ourselves free of interest so there is NO PUBLIC DEBT, it is a myth that is sold to you through the main stream media outlets be it the BBC, Daily mail etc.
  • Gingernutty
    Gingernutty Posts: 3,769 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Printing money without the gold in the Treasury to back it up?

    We're doing that already, it's called Quantitative Easing.

    The mid war German method, also happening in Zimbabwe causes massive hyperinflation which allowed Adolf Hitler's National Socialist Party the economic conditions to take power.

    Yeah. Brilliant plan. Let's do it like Hitler did it. That'll help.........
    :huh: Don't know what I'm doing, but doing it anyway... :huh:
  • bod1467
    bod1467 Posts: 15,214 Forumite
    I'm struggling to equate the OP to a Praise, a Vent or a Warning. ???
  • Hyperinflation is the myth they use to hide debt free currency
    the Weimar Republic had hyperinflation because they had to pay the central bank back+ interest. Central banks are PRIVATE INSTITUTIONS.
    Lincoln had a choice of using money borrowed from the central banks at 24-36% or he could side step that and print it himself at 0%.
    He obviously saw the better choice.

    "If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."

    The London Times in response to Lincoln doing this.

    Lo and behold he was assassinated
  • Gingernutty
    Gingernutty Posts: 3,769 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    bod1467 wrote: »
    I'm struggling to equate the OP to a Praise, a Vent or a Warning. ???

    Yeah. This should be in Discussion Time.....
    :huh: Don't know what I'm doing, but doing it anyway... :huh:
  • Sorry if in wrong thread, thought this was the closest to what I was looking for.
  • Gingernutty
    Gingernutty Posts: 3,769 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hyperinflation is the myth they use to hide debt free currency
    the Weimar Republic had hyperinflation because they had to pay the central bank back+ interest. Central banks are PRIVATE INSTITUTIONS.
    Lincoln had a choice of using money borrowed from the central banks at 24-36% or he could side step that and print it himself at 0%.
    He obviously saw the better choice.

    "If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."

    The London Times in response to Lincoln doing this.

    Lo and behold he was assassinated

    Another conspiracy theorist actually debunks this nonsense here

    That stupid quote has been attributed, by a variety of conspiracy nuts to "Zionists", the British and other foreigners as "proof" that the good old US of A was in danger from outside forces.

    There's no one source for this quote and trust me, hyperinflation is not a myth.
    :huh: Don't know what I'm doing, but doing it anyway... :huh:
  • stick 2 pencils up your nose and say "Wibble" to everything. THEN you will understand.....
    I am a cow so cannot speak Bullshine but I do recognise its smell when I come upon it.
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    Look, if it was that good an idea, someone would have done something with it by now.
  • antrobus
    antrobus Posts: 17,386 Forumite
    .....For anyone who doesn't understand central banking, it is PHYSICALLY IMPOSSIBLE for the U.K to pay back its current debt of 1.1 TRILLION pounds.....

    I'll give you that one. People who don't understand central banking frequently believe all sorts of silly things. Like the physically impossibility of repaying debt.
    ...I am trying to start a new political party in the U.K which aims to do exactly the same as these 4 men. Issue currency with no INTEREST attached. Im sure you can all figure out the advantages of this system compared to what we have already.....

    We're already doing that. There is about £60 bn of the stuff floating about. It's a reasonable little earner for Gideon, about £500m a year or so, I believe.
    ....The Bank of England is a PRIVATE institution which lends our government fiat money at interest.....

    No it isn't. It was nationalised in 1947.
    bod1467 wrote: »
    I'm struggling to equate the OP to a Praise, a Vent or a Warning. ???

    It's a warning that the interweb can rot your brain.:)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.