8 votes

Competing Currencies would be a GREAT way to identify Corporate & Social Welfare recipients!

I live in an area where the economy is 70% Military Industrial Complex driven. One of the most frustrating things I hear my wealthly friends bitch about is all the people who are now “riding unemployment” and/or are receiving “food stamps”.

When I bring up the fact that the money THEY are earning by working for Government contractors or working as Civilians on base is coming from the same place as the money that is being handed out to the poor…well, let’s just say it’s not a topic that is conducive for a fun night out.

While driving to the store a few minutes ago I got to thinking that there would be a really effective way to help these people “see the light”. I thought…what if every person that received money from the Government was paid in RED currency instead of the ole greenbacks? Oh my god! how obvious would it be (especially around here) to see all the people in every damn store just handing out RED bills to buy all their consumer items?

I know for a fact that it would quickly become very embarrassing to many of my wealthly friends to be seen publicly buying all their $hit with money that was extracted from all of us using greenbacks.

Then I thought to myself, hum, maybe that’s what President Paul is trying to accomplish by introducing competing currencies? Can you imagine ANYONE choosing to accept FRN’s if they had a choice of ANYTHING else? Inflation would also identify itself in a heartbeat. In order to use a FRN retailers would quickly start making them hand over 5-10 times as many FRN’s as they would if you were using a competing currency that had a regulated method in which the supply of that currency was controlled. (Bernanke and Greenspan need not apply)

I think forcing people that are living off the warfare/welfare state to use RED currency would be more fun and more of an “in your face” educational experience for the masses…but President Paul is much smarter than I am.

I know you can poke holes in this theory…but, that’s not my point. My point is trying to find some way for all of the wealthly people in this country to be forced to acknowledge that it’s not the poor that are stealing all the money from the public purse…it’s primarily the TBTF banks and corporations…and all those Government contracts that are handed out to the politically connected people who monopolize the MIC, Big Pharma, and all the rest of the companies that spend billions lobbying our bought and paid for congress.




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And interestingly...

...you don't have to "End the Fed" to do this. You nearly need to end the Fed's monopolistic franchise on currency provided to them by Congress.

The Fed could still exist in theory, as long as their exclusive franchise is taken away and private currencies could exist again like they did before 1933.

Of course, since the fed notes could not compete, being of inferior quality, the Fed would end because it would end itself because it couldn't compete.

IOW, let the free market end the fed. You dont need the force of government to end it. Just denationalize the currency market by taking away the Fed's exclusive franchise.

Did you know?

No one is stopping you from beginning to compete right now! Go to blockchain.info, sign up for a new free Bitcoin ewallet and get yourself some bitcoins and show the finger to the man while you're at it.

It's already in place,

in a manner of speaking.
http://www.youtube.com/watch?v=NzspsovNvII

They have these "EBT" cards that they use for "money".
It's the free hand out card.

When I go to the grocery store or to someplace like WalMart, it's not uncommon for me to be the only person in the checkout line that isn't paying with an EBT card.

And they are not the least bit shy about using it. There is no "stigma" about government hand outs like there used to be. 9 times out of 10, the EBT card users are wearing $200 Nike shoes, or carry an $800 Louis Vuitton purse, and drive a new Cadillac Escalade in the parking lot. But they have their EBT card.

One time I was at a store, and the person in line in front of me bought a big order on her EBT card. When I got to the register for my order, I tried to pay with my Debit Card.
The cashier says, "Oh, we don't take cards, sir."
So, I said, "Well, she just paid with a card. I saw you take it.".
She replies, "Oh, that's the EBT card. We take those."
And I say, "Oh...., so I can pay for HER food with her card, but I can't pay for MY food with my card? I get it now."
The cashier looked at me like I was from another planet. She didn't even know what I meant.

Yes Big T but you missed my point about

corporate welfare. I want the wealthly to have the spotlight on them too for getting handouts just like when the poor do.

The EBT card is just another way for JP Morgan to earn millions and it makes it easier on Bernanke's printing press. Easier to type money out of thin air than to actually have to print some kind of paper.

Clearly the people in power benefit from increasing numbers of people on welfare and food stamps...why else would Obama advertise them? There are billboards in my town that promote both food stamps and disability. People that are dependant on the State and/or are receiving funds from the State are less likely to speak up and seek change. They "think" they can't live without the subsidies and they tend to feel too guilty to complain about Governments wasteful spending.

Thanks for posting, go213mph.

You have cleared up a question for me. I posted this a while back, searching for an answer as to why TPTB would advertise for people to increase their participation in the food stamp program, and you've answered the question for me. I plan on researching further, but you've given me a great starting point. Thanks!

USDA suggests food stamp parties, games to increase participation

While spending on the food stamp program has increased 100 percent under President Barack Obama, the government continues to push more Americans to enroll in the welfare program.

The United States Department of Agriculture (USDA) has embraced entire promotional campaigns designed to encourage eligible Americans to participate in the Supplemental Nutrition Assistance Program (SNAP), or food stamps.

A pamphlet currently posted at the USDA website encourages local SNAP offices to throw parties as one way to get potentially eligible seniors to enroll in the program.

“Throw a Great Party. Host social events where people mix and mingle,” the agency advises. “Make it fun by having activities, games, food, and entertainment, and provide information about SNAP. Putting SNAP information in a game format like BINGO, crossword puzzles, or even a ‘true/false’ quiz is fun and helps get your message across in a memorable way.”

More here:
http://www.dailypaul.com/243179/usda-suggests-food-stamp-par...

"I'm as mad as hell, and I'm not going to take this any more!"
- Howard Beale

JPMorgan Chase

is paid about $15 million annually, from a $1.75 monthly fee on each card. But, like all other Government programs there are huge sums that go unaccounted for and are misallocated.

http://www.dailypaul.com/244688/final-audit-of-iraq-reconstr...

Its cute,

but you know that the people who print the money aren't going to stigmatize themselves or their cohorts.

Besides, if we could get that done, we could eliminate the power of the gov't to grant favors to these outfits and stop the corruption to boot.
If the gov't can't regulate, nobody will bribe them to regulate in their favor.
That's the real answer that people are looking for. You can't stop the money flow and bribery by passing laws against it. Corruption is, by definition, covert. The only way is to take away the power to regulate.

ZING!!!

What a great post!
Thanks.

PS: Save all your Zimbabwe coinage. It will some day take $1,000 Zim Reserve Notes to buy 1 zinc penny washer.

I ought to have a monument over me when I die. Not for anything I've done, but for the foolishness I've put a stop to!

Grover Cleveland — our 22nd and 24th president