Comments by "boz" (@BOZ_11) on "Parasitical Capital Not Lack of Gold the Problem" video.

@EyeOfScrutiny "If by liquidity you mean the Federal Reserve printing more money out of thin air to "inject" liquidity" The more labour and commodities we have, the more currency we need to keep the economy liquid. Common misconception by many is that fiat currency is unbacked. It's actually backed by all labour and commodities. Inflating currency is only bad when there is no new labour or commodities to go with it; for this is stealing from all those who hold any money. These are basics
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@EyeOfScrutiny "do you want more money or do you want more purchasing power." if u have no money it doesn't matter how much purchasing power money has. that means u starve if u can't afford food. liquidity is important
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@ytgv3fc7 right, nanograms. because gold dust is easy to handle. the cost of manufacturing amalgam coins with nanogram quantities of gold would drive up the manufacturing cost of minting the coin to the point where the coin is worth more than it's constituent parts.
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@magichandpuppet You're under the impression I was unaware
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@EyeOfScrutiny So there is no misunderstanding, it is clear that the govt's quantitative easing plan (since u asked) is purely to create new unbacked currency, therefore it is legal counterfeit. Each new unbacked dollar devalues all existing dollars in circulation. If there is a liquidity problem it isn't because of a lack of currency but because the money supply is heavily concentrated with the banking sector, especially since the bailout. All other sectors are squeezed
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@magichandpuppet "Fractional reserve gold is NOT a gold standard" Didn't even imply that it was, nor could that be gleaned from my comment, except you have. Oddly "All fractional reserve banking is fraudulent counterfeiting" If you read my other comments you'll see I wrote exactly that. To quote myself: "Inflating currency is only bad when there is no new labour or commodities to go with it; for this is stealing from all those who hold any money"
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@magichandpuppet Gold can be manipulated by whoever sits on the biggest pile of gold, and the bankers own most of it. Population increases bring labour increases; currencies needs to inflate with increased labour, and deflate with decreased labour. Gold has no such flexibility to expand/contract with the population. Right now they are selling 50 times more gold certificates than items of gold since few people take physical delivery. Fractional reserve gold; not nearly as much of it as u think
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