I find that when somebody cannot explain something clearly, then they generally don’t understand it very well. In addition, when they cannot break down jargon words so that anyone can understand it, again that is because they only have a hazy understanding of those words.
So let me go through what you’ve just said point by point.
1. America left the gold standard in 1971 – not 1934, and fractional reserve banking has not been made obsolete in America. It is still very much in operation.
2. I have no idea what you mean when you say that banks now ‘lend credit.’ Banks certain lend money that they don’t have – as a result of fractional reserve.
3. I also have no idea what you mean when you say that banks cannot ‘retire’ themselves. The word retirement, as far as I know, is not a financial term.
4. I also have no idea what you mean by ‘retiring personal credit’ or ‘net save a nation’ or ‘high power money.’ You are misusing words.
5. Your sentences are needlessly complicated. For instance, you say “The national debt is simply our "net" money supply and the payment the government makes for the resources and labor it demands from us.” It would be simpler to say that the national debt is what the government occurs when it pays for things.” Why complicate what you are saying with unnecessary words, many of which are used in an ‘alternative’ way.
6. Taxes do, indeed, fund the government. I understand that the government can just print money and use that to pay for things, but in order for an economy to work, the amount of money printed must be equivalent to the amount of goods produced. If that doesn’t happen, then there is too much money chasing too few goods. That is what causes inflation.
7. Taxes do not ‘reduce the effective payment to the private sector.’ I’m not even sure what you mean by that. Taxes, in America, are currently paying for a private prison corporation, private armies, etc. People don’t have less to spend because of taxes. They have less to spend because big business is milking nations and workers dry.
8. I have no idea what you are saying here. “The issuer of a sovereign fiat currency never needs our money to enable its spending. It does, however, need us to need its money so it can provision itself without a revenue stream. That is the primary purpose of taxation, to drive the need for its currency.” So, let me get this straight. Let’s pretend we’re talking about South Africa’s Rand as a foreign fiat currency. No, they don’t need your currency. Who said that they did?
9. The primary need of taxation is NOT to drive the need for currency. The primary need of tax is to pay for schools, laws, roads, hospitals, bridges, dams, etc. Currency is needed as a means of exchange, and it has been in existence for many millennia.
10. All suffering in America is due primarily to the culture of Americans who believe a load of horseshit due to the fact that they have been poisoned by lead and now have mud for brains. It also hasn’t helped that they have been brainwashed for 150 years with magical thinking and an abhorrence of people with intellect and knowledge. You’re not the first person I have met that is convinced that the monetary system is the cause of all your woes. NO, IT IS NOT.
