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Originally posted by AdAbsurdum
Ok, as you some of you know I was going to work on this over the weekend but after everything I've drawn up t
The centralization of wealth creates the centralization of power and vice versa.
The road to true equality, liberty, and freedom lies not in economic or political ideology, but in the destruction of fiat currencies and the reinterpretation of wealth. It is labor that is intrinsic to man and is inherent to ones own nature. It is labor that can not be stolen or devalued through taxation, speculation, and redistribution.
The Labor Dollar
Our currency, and therefore the nation, is controlled by private interests. There is no liberation to be found through more federal intervention as long as the concept of wealth is based on a flawed model.
Currency =/= Wealth.
Only by basing a currency on the action of creating the commodity, labor, are we able to hold true value in our hands.
One Labor dollar is produced for every hour of labor performed, as a standard. Although the exact rate of exchange for any given transaction can be decided by the parties themselves. Ensuring that only the very act of production is the only thing of intrinsic value.
Thus, the very need that exists in a market is the very point of job creation and the currency has true equality regardless of economic process across borders.
edit on 10-12-2010 by AdAbsurdum because: Spelling, grammar
Originally posted by AdAbsurdum
Originally posted by asperetty
Two, the monetary system I propose has been proven to work. see: Ithica, New York.
Please be more specific about what you are talking about in Ithica, NY.
I guess my main concern with the concept of a labor dollar is that you are not clear about how these get issued. If you simply let it be up to each party involved, does this mean the hirer actually writes the note that becomes money for the person doing the labor, or is there suddenly a certain amount of money that we all have access to in which to pay each other for our labor.
Clearly you can't just let anyone make money, because what would prevent me from writing as much as I want to pay anyone for whatever I want done at whatever inflated price we agree on. Money would be worthless.
Could the paper an employer creates be convertible into labor on demand by the holder? It's possible, but then you have a currency that has only local value, but could still have faith issues even in it's area of value. What's to tell me that Joe who owes me 2 hours of labor could provide the labor if asked? It would be poorly convertible outside of a limited area, because if I get a note for 2 hours of labor from Joe in Minneapolis, and I live in Cleveland, I can't convert it directly even if Joe can provide the work. You would again need a central authority to convert the local monies in to something usable for trade, WHICH IS WHAT MAKES JOBS. While this may not be bad, if it is a type of public trading house. It would still be about the most inefficient method, and IMO, would never work, prone to devolve quickly, and would not create a strong economy, because everyone would want to work, but no one would want to create paying jobs.
Having a way to determine the "right" compensation for labor would be needed, and then you are basically back to the communist system.
I am interested in what you are talking about in Ithica, but you can always have a local economy created that is based on a soft money system, that works because it is backed and based in a hard money system. Having that same system function as a stand alone hard money system is different.
What I propose above would need to have some elements of a fiat system, in that the backing in production goods would in the common case not always equal the amount of the commodity you could get by buying the same item at the store. The value would be in that the common money would have value at the end to the trade groups that would issue the money backed by the government and it's food surplus store which would be the first thing to create, 1 years worth.
M
Originally posted by ldyserenity
reply to post by AdAbsurdum
I think communities should take on a more tribal approach, myself, with barter and trade(much like you stated except the "Tariffs" would be in product or labor, as the money is like you said bbaseless)
Also there should be no financial perks to being a government official. When you make it about money (or any other perks) people tend to not care about passing good policies as much as what they can get out of it for their bank accounts or whatever you know what I am getting at.
We need to go back to a more basic and communal living. Of course I don't have all the answers to how we do that in the modern age. Gold and silver would be my guess, even diamonds and other rare gems I would reckon. I don't know. There has to be a way to make that kind of system work, and the biggest pay off would be closer knit communities.
Originally posted by morefiber
There is one big problem in the economic model, in that you will either have, or quickly return to a fiat money system.
The basic concept of being compensated based mainly on labor contribution is the economic model used by communists.
While you say that the rate would be up to the parties involved, in practice there will be a disincentive for people who have earned extra wealth to hire anyone else because this is the fastest way to loose money. It will make more sense for each person to work for themselves, and many people who would start a business will not, because it makes more sense to work for yourself. This causes government to want to come in and create inefficient centrally planned activity to replace what would normally be efficient private investment driven activity.
It would make more sense to base a currency on those physical commodities we still produce. Ideally there would be different types of money with different areas of acceptance and value. On the most common level would be money backed by food commodities. This would be used in day to day in small transactions by most people, and the physical money would be good for one year. It would slowly decrease in value during the year, maybe to about 88% of starting value. It is not to be saved, it is to be spent.
At the higher level would be money backed in both gold and silver. This money would be permanent wealth and used to save and build capital.
Originally posted by morefiber
Please be more specific about what you are talking about in Ithica, NY.
I guess my main concern with the concept of a labor dollar is that you are not clear about how these get issued.
Money would be worthless.
Could the paper an employer creates be convertible into labor on demand by the holder? It's possible, but then you have a currency that has only local value, but could still have faith issues even in it's area of value. What's to tell me that Joe who owes me 2 hours of labor could provide the labor if asked? It would be poorly convertible outside of a limited area, because if I get a note for 2 hours of labor from Joe in Minneapolis, and I live in Cleveland, I can't convert it directly even if Joe can provide the work. You would again need a central authority to convert the local monies in to something usable for trade, WHICH IS WHAT MAKES JOBS. While this may not be bad, if it is a type of public trading house. It would still be about the most inefficient method, and IMO, would never work, prone to devolve quickly, and would not create a strong economy, because everyone would want to work, but no one would want to create paying jobs.
Having a way to determine the "right" compensation for labor would be needed, and then you are basically back to the communist system.
I am interested in what you are talking about in Ithica, but you can always have a local economy created that is based on a soft money system, that works because it is backed and based in a hard money system.
Having that same system function as a stand alone hard money system is different.
What I propose above would need to have some elements of a fiat system, in that the backing in production goods would in the common case not always equal the amount of the commodity you could get by buying the same item at the store. The value would be in that the common money would have value at the end to the trade groups that would issue the money backed by the government and it's food surplus store which would be the first thing to create, 1 years worth.
Originally posted by asperetty
Because our government is a corporate fascist state, unless we can abolish the laws that are in favor of companies such as GE and Monsanto or Pfiezer, we will be jumping right into hell, because the government may not be there, but the companies will be, and so will the laws that restrict us from our freedoms and grants it all to them, and the law enforcement agencies whose duties are to uphold those laws, no matter how ridiculous they may be.
Originally posted by asperetty
Im afraid what we need most though, is judiciary reform, and I don't really know how to go about that unless we literally throw them out with our own hands. Supreme Court Justices are like the real gods of this country.
And also communications reforms are necessary, such as reinstating this one act, i forget the name, but it required equal representation on both sides of a debate when an issue is represented or discussed on radio or TV. That is a very important policy that should never have been removed. Because it had been, we have news channels like Fox, CNN, and NBC, which all lean in different directions.
Im not too well versed in this, but I have spoken to someone briefly that insisted that the Commerce Clause was necessary to abolish if states want their freedoms back.
en.wikipedia.org...
www.law.umkc.edu...
Originally posted by ldyserenity
Also there should be no financial perks to being a government official. When you make it about money (or any other perks) people tend to not care about passing good policies as much as what they can get out of it for their bank accounts or whatever you know what I am getting at.
Plus: no man shall be compelled or allowed to serve terms less than 8 years separated one from another; all such selectees are to receive the average wage prevalent in their own constituency, no more nor less, during the term served; and acceptance of gifts in any form from other than immediate family members, including gifts by proxy through such family members, during the term so served shall be punishable by death by hanging, to be meted out immediately, and a suitable replacement congressman selected at that time.
Originally posted by nenothtu
reply to post by asperetty
I'll let AdAbsurdum answer most of that since it was addressed to him, but a couple of things stood out high enough to trigger a response with me.
First, I'm not even a little bit worried about a foreign country invading the US because we don't have enough gold. It would either have to be Canada or Mexico doing the invading, since all others would have to approach by sea or air, and in either of those cases they would find themselves in a dangerous bottleneck, with a rifle pointed at them from behind every pebble. 300 million odd armed and angry citizens are an invader's worst nightmare. Why risk it if we don't have enough gold for them to steal in the first place?
I can't quite follow the need for the Federal government to tax and invest. Sine their role is minimized to just a couple of necessary staples, what would they need all that money for? If congress critters are paid by their constituents, because, after all, THAT is who they work for, and even at that all they handle is mediation between states, military levies, and foreign policy, their operating expenses will be drastically less than is currently the case.