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View Diary: New Eurogroup Agreement On Cyprus Proves that Democracy Doesn't Matter (24 comments)

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  •  The enemy are the people who want to use (0+ / 0-)

    currency as a tool to control the population. Currency is a utility. It ought to be regulated much as the bureau of standards regulates weight and measures. Currency is a guaranteed measure of value. The agents of government certify that a dollar is a dollar, much as they assure that a pound or a gallon is as claimed.

    (We've just had people sent to jail in Georgia for shorting their customers on how much gas they got at the pumps when they paid for x number of gallons)

    Dollars and euros have no intrinsic value. They are symbols of value which is only manifest when the currency moves. Stashing it in bank accounts or using it in speculative trades that don't get taxed (send money back to where it's made) is useless. Money does not get more when it is saved. If you don't want to lose it, don't lend it. On the other hand, "use it or lose it." It's called currency because, like the current in a stream, it's supposed to move, circulate ....
    That the dollar has gotten sluggish is evident from this graph:

    We organize governments to deliver services and prevent abuse.

    by hannah on Mon Mar 25, 2013 at 12:46:09 AM PDT

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