Comment: Monopolist speak?

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Monopolist speak?

"Only a person who does not understand market or monetary mechanics would make such a statement."

That can be demonstrated as being false. The word choices make an absolute claim, therefore anyone who demonstrates understanding contrary to the absolute claim is someone demonstrating that the absolute claim is false.

In reference to this:

"If gold and silver were the only forms of money today, few people would own all of the wealth like kings and queens, and the rest of us would be begging for scraps and crumbs off their table."

Here are words to help understand how the above words are demonstrable as being true words:

http://quod.lib.umich.edu/l/labadie/2916966.0001.001/3?rgn=f...

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Bills of exchange, bank checks, and negotiable paper of all sorts add just so much to the body of the currency; and this issue is unlimited by law, and unlimited in fact, except by the exigencies of trade. They are just as really currency as the specie dollar, the greenback, or the bank bill. A field which has no fence up one of its sides is not fenced in, no matter how high and strong its fences may be on the other sides. So, the volume of currency is not, in any true sense, limited by prohibitions of free banking, by a return to specie basis, or by any other means, so long as negotiable paper can be freely issued by individuals; and this free issue of negotiable paper is too useful, and too well entrenched in necessity, ever hereafter to be interfered with. Commerce can be hindered and trammeled to some extent—by statute arrangements claiming to regulate the currency, whether by restrictive measures, or by flooding the community with over-issues; but the volume of the currency can no longer be adjusted by such means.
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Since the problem is MONOPOLY, the problem is often expressed "in other words" such as:

A.
"Only a person who does not understand market or monetary mechanics would make such a statement."

B.
"If gold and silver were the only forms of money today, few people would own all of the wealth like kings and queens, and the rest of us would be begging for scraps and crumbs off their table."

MONOPOLY (the problem) shows up in A above as "Only" and B above as "only forms of money," whereby there are absolute claims being made, and therefore there are no exceptions, therefore there are no choices, therefore there is ONLY MONOPOLY.

Dictators love MONOPOLY, but try as they might, their many attempts at enforcing fences are often incomplete, whereby some of the targeted victims find choices, and holes in the fences, and the targeted victims create their own choices, and instead of MONOPOLY there is instead, choices, or competition.

If the Gold Bugs were right, with their claims of ONLY this and ONLY that, being factual, then Gold would be circulating, and silver would be circulating, in Black Markets, somewhere, instead of Gold being captured, transferred to Central Banks by Central Bankers, and held so as to make Gold and Silver scarce on purpose, so as to then create what can be called a scarcity price.

The same can be done with oil, food, electricity, clean water, clean air, medical treatments, accurate information, effective defense against dictators, and any other powerful thing that can circulate from one person to another freely, in a free market that is free from any power used to make such thing scarce on purpose.

Monopoly of the money POWER can be compared to a person finding a victim, and then choking the supply of air through the throat of the victim, and as the victim runs out of air, the victim is inspired to pay any price for air that the criminal demands as payment for air.

These words:

B.
"If gold and silver were the only forms of money today, few people would own all of the wealth like kings and queens, and the rest of us would be begging for scraps and crumbs off their table."

That is demonstrated as true by the demonstrable fact that a good (perhaps the best money, but perhaps not the best money for demonstrable reasons) money, a good money such as Gold or Silver, just so happens to have flowed out of circulation, flowing into Central Banks, where that competitive money supply is no longer circulating, and that competitive money supply is now made scarce, and that competitive money supply is now Monopolized, and that competitive money supply is not priced higher because it has been made "artificially" (to use a "political" economist's term) scarce.

Oil can be similarly demonstrated as a form of currency that becomes much more "expensive" and "unfordable" as competitive forms of power are "artificially" made scarce.

Germany, for example, leading up to World War II was beset with the problem of having Oil scarcity, being made scarce, as Trade Wars and Currency Wars where in force World Wide, and so the price of Trade paid by Germans, and the price of Legal Money paid by Germans, and the price of Oil paid by Germans was high, based upon scarcity pricing (choking down the flow and creating a higher price) so the competitive solution in that case of Oil being made scarce was the creation of Synthetic Oil made out of coal, as coal was abundant in Germany.

Food is similarly choked off by Monopolists seeking to do what Monopolists love to do, which is to gain control over all the supplies of food, and then choke down the supply until the targeted victims will do just about anything, pay any price, to get food.

That was why Stalin destroyed all the food in Russia, creating all those dead people who died of starvation, and the home grown monopolists here in our country are blaming those acts on some nebulous absence of their Gold supplies in their version of a "Free Market" (free from any concept of right and wrong?).

If all the targeted victims are starving to death, for lack of money, or lack of earned credit, then those starving masses will learn by trial and error how best to please their masters?

B.
"If gold and silver were the only forms of money today, few people would own all of the wealth like kings and queens, and the rest of us would be begging for scraps and crumbs off their table."

Why has the greater portion of the Earth's Gold managed to find it's happy way to Central Banks?

Answer: Because Gold is the only money in a Free Market!

http://www.lietaer.com/2010/03/the-worgl-experiment/

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In 1932, in the midst of the Great Depression, the small town of Wörgl in Austria successfully experimented with its own local currency (in the form of a stamp scrip). Based on the thinking of Silvio Gesell, an early 20th-century economist, and designed to stimulate the local economy, the new currency helped put the population back to work, and inspired many other communities to want to follow its example, until the experiment was abruptly terminated by Austria’s Central Bank in 1933. The following is the story of the “miracle of Wörgl” as told in The Future of Money (pp. 153-155).
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If the account is accounted for accurately, that is far different than the opposite of accounting for the account falsely.

Joe