Arkady's Thoughts

I feel honored to have my name in the headline of Karl's blog, must have done something right - or wrong in this case.  Karl did not like me calling him out on his defense of Kucinich Bill and decided to skewer me a bit.  All in good fun, I had no intention to make this personal what so ever even if Karl believes that I have an "absolute vacuum" between my ears.  Meh, helps with the neck pain at least. Karl does not actually state his defense for the bill or any of the points I brought up as to why the bill is just a blatant Marxist lurch, but instead focused on the Constitutional aspect of the debate.  Fine, if Karl believes that Congress can be trusted to maintain the supply of money, believes that paying off the existing national debt in newly printed United States Notes is somehow possible without a major debasement and thinks Congress should control money for the purpose of infrastructure investment - so be it.  To the Constitution we go. Karl demon...

In the previous post I presented the latest bill proposed by Dennis Kucinich and why America's Left is just as interested in removing the Federal Reserve as is the Constitutionalist minority. Incidentally there recently has been some talk of a speech by a one named Bill Still.   His speech can be found here. He presents the problem in today's global economic hardship as stemming from our money supply.  True. He further goes on to say that fractional lending and Federal borrowing is causing financial slavery.  Also true. What is his solution?  To allow sovereign nations to control the money supply by themselves through creation of money.  This is the intellectual and philosophical backdrop of Dennis Kucinich and his latest bill. Bill Still cites an interesting example, which he refers to as "tally sticks".  Once upon a time the King decided to use tally sticks as a form of currency in order to solve the pesky problem of the money supply gr...