Comments on: Is America becoming a Socialist country?

By: J Harris

J Harris — Mon, 02 Mar 2009 17:42:16 +0000

The Federal Reserves exist for the main reason of maintaining control of the economy in an effort to create more stability. The secondary reason is to maintain the power and wealth structure that exist. The strange thing about the point of your argument is that it can be used on both sides of the coin. Yet regardless of if we have fiat money or money based on precious metals, we will still be in for a bumpy ride, and the markets will always have peaks and valleys.

Fiat money is adjustable through valuation of loaned money (interest rates) as well as an adjustable value of money (money supply). So attempted control is possible. Yet with a gold or sliver standard, power of our country is given to whom ever controls mass quantities of the metals. This may infringe on our national security more so than foreign debt does now.

The Fed adjusts interest rates and money supply to balance out the flaws of man, the greed of man and the fear of man. I believe the Fed doesn’t cause these problems, they respond to them. Not to argue against you, because I’m not sure if what they do actually helps the process. Pure capitalist seam to put too much faith in man doing the right thing, or maybe they are willing to suffer the consequences of mans flaws for the sake of “capitalism”.

By: Randall Rushing

Randall Rushing — Mon, 16 Feb 2009 09:45:46 +0000

Free markets are the solution to our current dilemma. Currently, America practices capitalism, which is not the same as free markets as described by the Austrians like Mises. The key element in capitalism is a central bank chartered by the state which has the ability to monetize the debt of the state to issue credit into the banking system. The central bank has the ability to control by force the quantity and cost (interest rate) of money in the economy. In a sense, this is the same as socialism. Instead of the state owning the means of production, they control the medium of exchange. The Federal Reserve System has destroyed the capital structure of the United States. The have done so by forcing the interest rate below what a free market would call for. An artificially low interest rate has caused misallocations of capital that are now normalizing. That is why we have recessions. It is the market trying to clean up the mess the central bank has created. They have inflated the money supply dramatically since December. When that money begins to circulate, it will hyperinflate the economy leaving the working class destroyed. The only way to save America is to abolish the Federal Reserve System immediately and let the marketplace restore honest money which is gold and silver coin. From there, the marketplace will rebuild a sustainable capital structure that tends toward full employment. The 20th century has proven socialism (communism and fascism) to be failed systems of social organization. Now, the beginning of the 21st century proves that capitalism, built upon fraud, is a failure. Only free markets, free from state force, fraud, and coercion, bring maximum prosperity to the most people.

By: J Harris

J Harris — Sat, 25 Oct 2008 19:59:10 +0000

Well you just jumped over a big line. You suggested that $6750 would go to people in the urban community and would some how change the thinking of such recipients. It will not, in the past it has often held minds down in dependence. Money can only be spent. That doesn’t mean mentalities would be changed. That’s why mind sets have to be the focus, rather than just making sure everyone eats. A poor mind is often given riches, yet if that poor mind does not grow, that man will die poor. More than mere money shifts we need policies that encourage mind shifts. Hence our participation in political and social movements are vital. Michael, I think we both are looking towards the right future. Let us all contribute to the steering.

By: Michael Criss

Michael Criss — Sat, 25 Oct 2008 08:19:19 +0000

I would and the reason being , I feel if a person that really wants it and if giving a chance would have success. The reality of the urban community and mind frame is to the graduate high school or just to stay alive. If investing 6750.00 (45,000) yr to “change” that thinking I’m all for it . I feel the over all picture of society would be beautiful in is ugly national we have today.

By: J Harris

J Harris — Thu, 23 Oct 2008 07:55:17 +0000

Michael, The irony is that we’ve fought against it and not we are morphing into our enemies. The type of system is irrelevant to me. What matters is the consciousness of society, the acting out of Humanity/Spirituality rather than material greed. The people make the system; the system does not make the people.

Yet we must address the distribution of wealth, economics. There is enough wealth in America to go around, but as we become global the rich countries will become poorer and the poor countries will become richer. Are we willing to sacrifice 15% of our average American income of $45,000 for all Americans to have a fighting chance at education, healthcare and political inclusion? I’d gladly take a 15% cut in income if I could rest assured that everyone has that chance. Would you?

By: Michael Criss

Michael Criss — Wed, 22 Oct 2008 21:46:16 +0000

What’s wrong with socialism? Do you think its wrong that the top 1% makes more money than bottom 50% ? Education is down people don’t health care. What’s wrong with helping others get a head ? Its funny to me that the people paint socailism as bad help sign the 700 bailout.