Yeah, seems like they'd be better off if they upgraded...but I guess they're basking in their own relative uniqueness.

Captain ZIRP to the rescue! ...still not enough to bring the zombie economy back to life. Bring on the negative interest rates!

Damn you savers...damn you!

It wouldn't be better for everyone. Returning to a debt free currency issued by the treasury(Lincoln greenbacks, Kennedy notes) would be bad for the fed, congress, & commercial banks for instance.

I have the above ^d00d ignored and have for a long time as I'm sure many do. He/she's posts are consistently of poor quality imo and usually address a poster rather than the actual topic at hand.


I didn't necessarily take the OP's post to mean base "money". Given the references to pennies(physical currency issued by the US Treasury) I took the post to mean commercial bank "money" rather than vault cash or commercial bank reserve credits on deposit at the fed.

At any rate the OP asks an important question that makes clear the fundamental problem with debt based currency systems. There's not enough "money" in existence to extinguish all debt at any given time. The system relies on debt greater than previous debt to sustain itself in perpetuity which is an impossibility. The laws of big numbers ensures that eventually debt("money") will be extinguished either by repayment or default at a rate that will overtake credit("money") creation and a deflationary spiral will result. This is where the US and numerous other economies have been for some time with the federal reserve and government creating program after program designed to encourage credit creation. Moral hazards such as zirp, QEx, housing initiatives, cash for clunkers, student loan take overs, PPACA, etc are all designed to punish savers, reward borrowers, transfer wealth, and/or encourage further credit creation. Like all debt based fiat currencies throughout history the US "dollar" is overdue to fail...again. These programs are being used to sustain a collapsing economic system largely at the expense of savers and young Americans.        

thank you good sir knight. I shall endeavor to join the festivities.

One of the greatest tools of mass debt enslavement is obfuscation/subterfuge. It can appear to be subtle, but over time the results can be enormous. At one time the word "money" meant gold, silver, & copper. These are finite resources with natural checks on the rate of inflation as it takes time & effort to extract them from the earth.

By linking gold & silver to certificates redeemable for gold and silver, authorities found a way to create more notes than the rate of extraction of natural resources from the earth would otherwise have allowed. IOW they counterfeited gold and silver, but one thing more that was accomplished was to set the groundwork for the masses to begin to see worthless cotton notes as synonymous with gold & silver. When the redeemability of these certificates is removed and the force of government is applied to ensure adoption of these worthless notes as an exchange medium for real goods and services, then the transformation of currency into "money" is complete. Money is a stable store of value over time. Currency =/= money.

The next step is to persuade the masses to accept credit as currency and to refer to that as "money". This is accomplished by allowing the convertibility of credit into currency. At this point the definition of the terms credit, currency, & money are almost completely eradicated. If you randomly ask someone how much "money" they have they'll likely recite their credit balance at a local legalized counterfeiting operation...otherwise known as a bank. There are only $1.34 trillion usd circulating globally. The rest of the "money" supply is credit masquerading as "money"(currency).

Due to the evolution of "money" it's now easier than at any other point in history to steal wealth through inflation. It's been a slow grinding process that has accomplished this mass enslavement.

Gold, Silver, Paper, Credit
Gold, Paper, Credit
Paper, Credit
Credit

    

...and there was much rejoicing...

been swamped. working for a living isn't as premium as I was led to believe. #disenfranchised

thanks for the new wallet.

______________________________________________________________________________
Proof of ZeitKnight

Name:                 solarion
Address               MsBwDu3nvBWJED3BuHrmmTHJ6tPNacsimA
Balance               1,265,185,618.254734 Zeit
______________________________________________________________________________

Don't hold your breath buddy.

Doing well thx.

Guilty as charged.

I'll take a peek, thanks for the headsup.

Still kicking. Sup Ray.

Many believe that the collapse of government fiat ponzi scams can be accelerated by off ledger (unbanked)savings. This can be non-fiat denominated assets or even physical currency notes. This is also what would be expected to sustain in an economic collapse.

I don't pretend to know what's going on in the mind of the average Japanese peasant, but they're a smart and proud people. I don't find the notion that they've lost faith in their currency and/or government to be all that far fetched. Perhaps like awake Americans they don't know exactly what to do to bring down the machinery of oppression and they're just compartmentalizing.

Working on it, my traffic on cryptsy is a tiny fraction of what it was just a few months ago. Cryptsy is the only exchange for several coins and as I mentioned they've held some of my coins hostage for months. If I lose those coins it'd consider it a small price to pay for cryptsy to become a ghost town. We need these crap exchanges to die off to have a chance of getting well managed exchanges to replace them. Yes their customer support is somehow even worse than their techs. I have dozens of canned idiotic responses that provide zero information, then they close tickets without resolving anything.

Sure, the US has the best propaganda ministry hands down.

Thanks to the state run media and expertly managed .gov psyop program many sheeple in the US don't even know their goobermint is slaughtering people all over the globe in their name. If you tell them, they deny it. If you provide incontrovertible proof of US global terror operations they become defensive and disconnect. Soon dancing with the stars(or some other mindless crap) will chase those unpleasant thoughts away and they will get back to what's really important...stacking more inflationary cotton dollars.

Drones are worth their weight in gold because as long as there isn't a steady stream of caskets coming back with US flags draped over them there is no war. When the drones are used to kill Americans abroad it's because they were "bad guys". The foreign women, children, and men being slaughtered, the entire families being obliterated, the entire communities being destroyed by us terror strikes are "collateral damage" in the undeclared war on terror.

After all the US was allegedly attacked by some saudi nationals 13 years ago...obviously the slaughter in Afghanistan, Pakistan, Yemen, etc is necessary for the security of soccer moms in idaho.

Cryptsy is staffed by incompetent idiots. They've been screwing over phs holders for months. Now they seem to have lost thousands of coins and their canned CS responses are worse than useless. Cryptos need real exchanges staffed by competent techs and transparent CS reps to move to the next stage. The goxs, cryptsys, coinexs, and cryptorushs won't cut it if cryptos are ever to be taken seriously.

Of course, the empire of oppression must be protected.

http://en.wikipedia.org/wiki/United_States_military_deployments

Naturally this is only a list of the personnel that the US admits to deploying.  

Cryptsy has again closed my support tickets related to missing PHS withdrawals, though I've still not received two withdrawals going back to May 2, and totaling 3266PHS. They seem to be real good at closing tickets and real bad at providing resolutions/explanations. In short, cryptsy is run by incompetent morons.

I've re-opened the same drama-coin tickets I've been recycling for two months now and will keep everyone apprised of cryptsy's newest dooshbag response when received.

...and this is why I had have you on ignore. You're in a discussion thread, but you don't wish to discuss.

I don't want to change you buddy, you're the perfect lambchop...just the way you are! The last thing I want is for you to have to focus on one topic for more than 5 seconds, when I know that deep down, you'd rather be out tracking down more senseless Internet memes.

"Complicated things are complicated" is no basis for a monetary system.

I release you from having to try to focus on complicated issues.  

We don't need everyone to do it. We just need to reach critical mass.