James Goetze's avatar
James Goetze
jamesgoetze@nostrplebs.com
npub1rxwt...gsw6
Here for ₿itcoin becuase there is nothing more important in the world right now :) Sound money, proof of publication, objective law & individual property rights.
James Goetze's avatar
jamesgoetze 1 year ago
How to create a fiat monetary system…. Step 1 Goldsmiths offer to hold gold for safe keeping. Step 2 Offer paper receipts for the gold on deposit that can be used as money Step 3 Goldsmiths lobby government to use gold and only gold as money, which increases demand for it, and its value. Step 4 Rather than selling gold to people who need it as money (equity based money), loan it out at interest. That way you create a debt based monetary system. All money is debt, debt to be paid to the goldsmiths, rather than a equity based system where there is no debts to be paid for the money. That way, you recreate serfdom. Instead of taxes paid for the use of land you recreate it with interest paid on money. Step 4 As more people use the paper receipts instead of physical gold, less and less claim their gold. So then goldsmiths (banks) start fractional reserve banking, lending out more gold than they actually have, increasing the interest earned. Step 5 Increase leading to boost the economy, then tighten lending to crash it, buying up assets on the cheap, rinse and repeat (including gold to further corner the market) Pay academics to explain how this is a normal part of the business cycle. Step 6 Lend to the governments, bigger loans and less risky. Encourage them to increase taxes to pay off the debts. Step 7 Convince governments to go war, so they borrow more. Step 8 Fund both sides of the war to increase the scale of the war and therefore the debts required. Step 9 Bribe congressmen (or threaten to crash the economy, assassinate them, or start a war with them) to set up a private (non government) central bank to control the entire banking sector, and the economy Pay academics, economists and journalists to explain the benefits of a privately owned, centrally controlled bank to stabilize the economy, lower inflation and unemployment. Hide the true machinations of the system using complex financial jargon. Step 10 Remove gold from the banking system, and simply create bank reserves out of thin air. Increase the supply of money(debt), and let the economy and government pay interest on it. Lower then raise interest rates to crash the economy and buy assets on the cheap. Step 11 Push your banking system onto the entire world, start wars with those who oppose you. Buy and sell stocks, bonds etc based on your inside knowledge of when wars will start, and who will win.
James Goetze's avatar
jamesgoetze 1 year ago
"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War." - Benjamin Franklin If bitcoin is a peaceful revolution…. Encryption instead of muskets… And 19.5 of the 21 m bitcoin have been mined… Then the war has already been won… The only thing left to do is negotiate the terms of the surrender…. Given this position would you ever sell…? image