Comments on: How have countries converted public debt in the past? http://debt-relief-review.com/1509 Debt Relief Options Reviewed And Rated By You! Sun, 05 Sep 2010 16:28:35 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: who is #1? http://debt-relief-review.com/1509#comment-1384 who is #1? Thu, 18 Feb 2010 07:21:55 +0000 http://debt-relief-review.com/1509#comment-1384 I wish you had explained what it was converted 'to', most of us being ignorant of such things. I have long been an advocate of sound money. I think the problem in this modern age is that we tend to still think of "money" as representing stored value. That is not appropriate in a credit age, where money represents projected future value. Whole different way of thinking. Fractional reserve banking and the ability of both governments and bankers to conjure "money" out of thin air operate to the disadvantage of those of us who have to already have something of value to trade for "money", such as our labor. So we think money is something of value which we own. In reality, the creators of money own us. All wealth boils down to some combination of land, labor and substance. Even intellectual property is useless unless it can be traded for something real. In an age where someone can sit down at a keyboard and rearrange electrons or photons (or laws) to give themselves (or whoever is paying them) command of resources, they rule while we toil. Sound money, if not gold & silver then perhaps a basket of commodities, is the only remedy. Money must represent substance if there is to be any fairness in trading one for the other. It would also help if we elected sensible representatives. We will have to assume that the creditors will be screwed, since any " conversion" will amount to something less than actual payment. I wish you had explained what it was converted ‘to’, most of us being ignorant of such things. I have long been an advocate of sound money. I think the problem in this modern age is that we tend to still think of “money” as representing stored value. That is not appropriate in a credit age, where money represents projected future value. Whole different way of thinking.

Fractional reserve banking and the ability of both governments and bankers to conjure “money” out of thin air operate to the disadvantage of those of us who have to already have something of value to trade for “money”, such as our labor. So we think money is something of value which we own. In reality, the creators of money own us.

All wealth boils down to some combination of land, labor and substance. Even intellectual property is useless unless it can be traded for something real. In an age where someone can sit down at a keyboard and rearrange electrons or photons (or laws) to give themselves (or whoever is paying them) command of resources, they rule while we toil.

Sound money, if not gold & silver then perhaps a basket of commodities, is the only remedy. Money must represent substance if there is to be any fairness in trading one for the other.

It would also help if we elected sensible representatives. We will have to assume that the creditors will be screwed, since any ” conversion” will amount to something less than actual payment.

]]> By: Helen Killer http://debt-relief-review.com/1509#comment-1383 Helen Killer Wed, 17 Feb 2010 01:47:02 +0000 http://debt-relief-review.com/1509#comment-1383 The problem is that 60% of our wealth is owned by the Rothschild and their associated families, and a lot of our dollar is propped up by china. We could just start using Euros slowly and re-issue based on the govt holding commodities. Its gonna be a mess no matter what. I bought gold, grain and Euros, because the dollar might crash. The problem is that 60% of our wealth is owned by the Rothschild and their associated families, and a lot of our dollar is propped up by china. We could just start using Euros slowly and re-issue based on the govt holding commodities. Its gonna be a mess no matter what.

I bought gold, grain and Euros, because the dollar might crash.

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