Counterfeit Money, Counterfeit Policy

What is the difference between printing money and counterfeiting? There is none.

Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value.

Counterfeiting is illegal because the counterfeiter creates no additional value–he creates only the proxy for value. Creating real value–adding meaningful goods or services to the economy–is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services.

If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

And while you’re drawing up the indictment, can you also charge them with counterfeiting competence and policy, as they have demonstrated the Peter Principle par excellence: the Board has risen to its highest level of incompetence. Their counterfeit policies have wreaked incomparable damage on the real productive economy.

The essence of counterfeit policy–a fake policy that claims to be something it is not–is “extend and pretend.” And the sole goal of “extend and pretend” is self-preservation and the preservation of the Financial Elite which has tightened its grip on the nation’s throat as a direct consequence of Federal Reserve policies–notably “extend and pretend.”

Full article: Counterfeit Money, Counterfeit Policy (Financial Sense)

3 responses to “Counterfeit Money, Counterfeit Policy

  1. There are very distinct points in legal definition, in this discussion. Creating “value” is a nebulous and unspecified expression. Refining the definition by making the distinction between perceived value and intrinsic value is critically important. First, currency is not money. Gold and silver are money. Second, printing currency. legally or illegally, does not create wealth. We see this every day, in the behavior of fiat currency markets. Whether the people know the difference or not, doesn’t matter. In all of the debate over monetary policy, the discussion gets around to a nation’s gold reserves. That is what private banks have always wanted. They want the real thing, not the worthless paper that they use to inflict poverty on nations, with.

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  2. Pingback: The Daily Climb-Friday, Feb. 3rd, 2012 | The Daily Climb-Daily Posting Of Relevant Content

  3. It’s the money changers. Even Jesus got violent with the money changers. Nice piece, we’re following now. Check usnotes.net for what we got on the Fed, Ron Paul, ACTA, NDAA and more.