Fwd: Fiat Money, or Paper Currency, EQUALS Govt Control of the Trade and the Economy

-------- Original Message --------

Subject:	Fiat Money, or Paper Currency, EQUALS Govt Control of the Trade and the Economy
Date:	Wed, 18 Aug 2010 17:43:33 -0700
From:	Jas Jain

Fiat Money, or Paper Currency, EQUALS Govt Control of the Trade and the Economy

Hugh: "Heh-heh. Whatever we're smoking here in Denmark, Jas, it's certainly better than the stuff you're getting over there :-)"

You mean other than the Danish women?! :-)

 

"…The whole purpose of fiat money is to use it as a stealth way to tax."

With due respect, this is not true, historically. The Chinese first introduced the paper currency (was it the Yuan dynasty, or was it earlier?) and the reason was to be able to control the trade within China and with other nations. All foreigners, mostly the traders, were required to buy the govt issued paper currency (with a seal) with their bullion to be able to do any trade once they arrived in China. It was an amazing tool of control! You cannot run an empire without good controls (ask the accountants) and the paper currency is just a tool of control.

 

A nanosecond after the US govt attempts to inflate its way out of the debt problem the world financial markets would melt. America does not have the luxury that Zimbabwe has today, or Weimar Germany had in 1920s. America is in a straightjacket.

Jas