Comments by "bighand69" (@bighands69) on "Peter Schiff Talks to the 1 Percent! "We're not even near the bottom yet!"" video.

@jjenson2006 Historically Fiat currency was pushed by special interest groups and not so much government. Fiat currency is the mechanism that allows government to produce bonds and in turn debt cycles. Fiat currency also has a correlation with taxation and this cannot be ignored either. I do understand your point though but it is only a reaction to the fiat currency not the cause.
1
@jjenson2006 The real underlying issue is not government as it is only a symptom of the problem. The real issue is the Monetary system.
1
@TheStig000 Yes I have heard of the Federal Reserve and that is also just a symptom of the problem. The real problem is the fiat money system. This is the mechanism that allows government to function in its current manner. If currency was gold based government would struggle to control the money supply. At present fiat money allows government to manipulate the money supply for political reasons and Keynesian ideologies.
1
@larsiemannen The problem is more than just government it is also the system of economics as well. I do not believe that it is stealing. These socialist economist believe that their model of centralization is the only way to operate a modern society. The problem is more about centralized system and the lack of free market mechanisms.
1
@larsiemannen Politicians did make it legal but are they any more to blame than banker/financier who created the model and backed the politicians.
1