General Discussion
In reply to the discussion: Was Citizens United Correct? [View all]tama
(9,137 posts)1) that you can pay your taxes in FIAT money created with approval of the tax collector (usually "state"
.
2) that in fractional reserve FIAT system you can change the fraction of debt created by private banks (basically M1, M2, M3) into legal tenders issued by central bank (M0).
The latter promise is the crucial and fraudulent Ponzi scheme promise of the fractional reserve banking and money creation, that when you take a loan from bank, you can change what is today just electronic data in computers fully into legal tenders, coins and notes issued by central bank. And as you very well know, the amount of fractional debt on debt and interests on top vastly surpasses the amount of legal tenders, which they are promised to be fully translatable.
I don't give a fuck about libertarian / austrian arguments. Your historical argument is partially true, nothing else works as well to expand and monetize all aspects of life as fractional reserve ponzi scheme, and to rob natural resources from people to banksters. The limits of growth of the fractional reserve ponzi scheme, which must grow continuously and exponentially to stay functional, are of global scale. 2008 was the first clear sign that the global limit of the ponzi scheme has been met and is starting to collapse, and governments are generally doing everything they can do to postpone the inevitable collapse. By supporting banks more and more and more by robbing people more and more and more and destroying environment more and more and more to keep "growth" aka ponzi scheme growing more and more and more.