Monday, August 8, 2016

Terms of surrender from a hard money guy for accepting a cashless fiat society (part 2)

In part one I decided it is best to have a position to negotiate to, not that we will have that power, but it is a nice fantasy anyway that our monetary masters will negotiate with us in good faith.

The first condition I laid out in part one was no taxes on human beings.

If you print the money out of thin air, the government's fair share of our money is zero.  Why tax us when they can just print more anyway?

This is part two so time for the second condition.

Any new dollar is a new dollar.

Old dollars will convert to new dollars on a sliding scale, the longer you hold out the less your current dollars are worth.  This works for debt too.  We need to clear the debts.

Debt obligations in old dollars are not converted to new dollars, they can be paid back in depreciated old dollars which will eventually be worthless / free, effectively discharging all debt world wide after a transition period.

So that is condition two.  Old dollars convert to new dollars on a sliding scale and no debts are converted to new dollars which basically results in a world wide debt jubilee by the end of the transition phase.

Give me that and condition one, no taxes on human beings and we are 90% of the way there.

Sounds like a deal breaker, but honestly we are letting those who print money out of thin air and have ruined the world economy keep their heads, their wealth, and their ability to print money out of thin air.  Seems like a fair deal to me.  They really aren't giving up anything and they are buying cheap life insurance at the same time.  Win win.