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Reply #38: Yeah, that Ben Franklin guy was pretty clever. [View All]

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fivepennies Donating Member (419 posts) Send PM | Profile | Ignore Wed Aug-03-11 07:02 PM
Response to Reply #34
38. Yeah, that Ben Franklin guy was pretty clever.
A study of American Colonial history will reveal that Benjamin Franklin went to England as a representative of the Colonies.

The English officials asked how it was the Colonies managed to collect enough taxes to build poor houses, and how they were able to handle the great burden of caring for the poor. Franklin's reply was most revealing: "We have no poor houses in the Colonies, and if we had, we would have no one to put in them, as in the Colonies there is not a single unemployed man, no poor and no vagabonds." Think long and hard about this. In the American colonies before the American Revolution, there was "not a single unemployed man, no poor and no vagabonds". -- no one on Welfare, no one on Social Security, no homeless, no income tax, no alphabet agencies, No IRS, BATF, FBI, DEA, CIA, HEW, OSHA, SBA, and on and on and on to provide for the "general welfare" of our villages, towns, cities and states. How did Benjamin Franklin explain this to the British officials of his day?
How would he explain it to today's lawyers, judges, politicians and other government officials? "It is because, in the Colonies, we issue our own paper money. We call it Colonial Script, and we issue only enough to move all goods freely from the producers to the Consumers; and as we create our money, we control the purchasing power of money, and have no interest to pay."
-Benjamin Franklin

This system guarantees HONEST MONEY. It was not controlled by a private corporation with a monopoly on the credit of the nation as it is today.

There was no inflation or deflation, as long as the MONEY SUPPLY WAS KEPT EQUAL TO THE VALUE OF GOODS AND SERVICES TO BE PRODUCED AND MOVED (distributed).
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  -I've been puzzled by one thing in our recent political history.... nadinbrzezinski  Aug-03-11 03:31 PM   #0 
  - The Greatest Generation got lazy and greedy, and forgot that the gains they made came at great cost.  Brickbat   Aug-03-11 03:32 PM   #1 
  - +1 nt  abelenkpe   Aug-03-11 03:34 PM   # 
  - That is too simple, albeit satisfying at a deep level  nadinbrzezinski   Aug-03-11 03:34 PM   #2 
  - I don't think it's any more complicated than that.  Brickbat   Aug-03-11 03:36 PM   #4 
     - Alas simple answers when dealing with sociology  nadinbrzezinski   Aug-03-11 03:38 PM   #8 
        - Well, sure -- when you take a "simple answer" that's wrong...  Brickbat   Aug-03-11 03:39 PM   #9 
           - That is because things usually are more complex than that, as in layered.  nadinbrzezinski   Aug-03-11 03:41 PM   #11 
  - Here is the way I see it:  LiberalLoner   Aug-03-11 03:37 PM   #6 
     - And that is Judt's thesis partially  nadinbrzezinski   Aug-03-11 03:40 PM   #10 
     - You've read "Ill Fares the Land"?  hifiguy   Aug-03-11 03:46 PM   #18 
        - Among others, doing this history of labor shtick is  nadinbrzezinski   Aug-03-11 03:59 PM   #20 
     - I think this could be PART of the truth.... My folks were several years older but  dissidentboomer   Aug-03-11 03:42 PM   #13 
     - I think your story is similar to what I have observed.  truedelphi   Aug-03-11 03:55 PM   #19 
  - "What's the matter with Kansas?"  Proud Public Servant   Aug-03-11 03:35 PM   #3 
  - That is part of the puzzle  nadinbrzezinski   Aug-03-11 03:37 PM   #5 
     - Don't know Judt's book  Proud Public Servant   Aug-03-11 03:42 PM   #14 
        - Ill Fares the Land  nadinbrzezinski   Aug-03-11 03:43 PM   #15 
  - It was mostly racism.  dawg   Aug-03-11 03:38 PM   #7 
  - Another piece in puzzle.  nadinbrzezinski   Aug-03-11 03:42 PM   #12 
  - Yep. Also part of it. They were MASTERFUL at dividing us MANY different ways and people STILL fall  dissidentboomer   Aug-03-11 03:44 PM   #16 
  - Short Answer, Ma'am  The Magistrate   Aug-03-11 03:45 PM   #17 
  - Thanks and those are real good keys to the puzzle  nadinbrzezinski   Aug-03-11 04:00 PM   #21 
     - With all due respect, those are THE keys to the puzzle.  Solomon   Aug-03-11 06:42 PM   #36 
  - the 60s/70s psyops campaign.  indurancevile   Aug-03-11 04:01 PM   #22 
  - My best guess?  Horse with no Name   Aug-03-11 04:19 PM   #23 
  - And that is the thesis of the Fourth Turning  nadinbrzezinski   Aug-03-11 05:10 PM   #27 
  - Continually decreasing value of the dollar.  fivepennies   Aug-03-11 04:28 PM   #24 
  - In other words inflation but we have had that forever  nadinbrzezinski   Aug-03-11 05:09 PM   #26 
     - To hell with zeroes,  fivepennies   Aug-03-11 05:34 PM   #29 
        - We do, that is the T-Bill  nadinbrzezinski   Aug-03-11 05:54 PM   #30 
           - Yep, bankers have been around for around 6000 years  fivepennies   Aug-03-11 06:11 PM   #31 
              - Alas Clinton was well on it's way  nadinbrzezinski   Aug-03-11 06:15 PM   #32 
              - Destroying America was always the plan  fivepennies   Aug-03-11 06:53 PM   #37 
              - The Thirteen Colonies operated paper currency that was, in some cases, inflation free.  Selatius   Aug-03-11 06:31 PM   #34 
                 - Yeah, that Ben Franklin guy was pretty clever.  fivepennies   Aug-03-11 07:02 PM   #38 
                 - And it was backed up in some cases  nadinbrzezinski   Aug-03-11 07:07 PM   #40 
  - Its pretty simple actually...  Armstead   Aug-03-11 04:35 PM   #25 
  - Alas the last ten years have sucked just as bad  nadinbrzezinski   Aug-03-11 05:11 PM   #28 
     - Well, there is a certain sense of deja vu about the recent/current sitruation  Armstead   Aug-03-11 06:36 PM   #35 
        - Hey at least we do not have Disco  nadinbrzezinski   Aug-03-11 07:06 PM   #39 
  - the 1950s were no golden age. Not for women. Not for African Americans  cali   Aug-03-11 06:17 PM   #33 

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