Occupying forces, tea party groups and Paulites will rally together to end the fed on November 22nd.<br><br><br><br><div class="gmail_quote">On Tue, Oct 25, 2011 at 10:11 PM, Natalie Golovin <span dir="ltr"><<a href="mailto:10natalie@cox.net">10natalie@cox.net</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">Given that the Tea Party & OWS agree on the FED, it initially made sense to<br>
me they could combine for the limited purpose of exerting maximum political<br>
pressure-starting with demanding a full audit. Yves Smith disagrees, and<br>
told me in an email OWS would never engage in a marriage of convenience with<br>
the Nativists they abhor. The pols & bankers of opposite ideologies managed<br>
to field a winning team-will the other (opposites) remain divided and<br>
powerless? Unless we welcome war/anarchy-why not proceed with one issue-see<br>
how that plays out for the benefit of all citizens (wealth distribution) and<br>
go from there. I respect Yves so much-I'm giving up hope.<br>
<div class="im"><br>
-----Original Message-----<br>
From: Kevin Carson<br>
Sent: Tuesday, October 25, 2011 6:20 PM<br>
To: P2P Foundation mailing list<br>
Subject: Re: [P2P-F] is ending the fed a bad idea?<br>
<br>
</div><div><div></div><div class="h5">On Sun, Oct 23, 2011 at 1:16 PM, Michel Bauwens<br>
<<a href="mailto:michel@p2pfoundation.net">michel@p2pfoundation.net</a>> wrote:<br>
> I would love to publish a debate about this position:<br>
><br>
> see:<br>
> <a href="http://www.alternet.org/story/152810/four_things_occupy_wall_street_should_know_about_the_federal_reserve" target="_blank">http://www.alternet.org/story/152810/four_things_occupy_wall_street_should_know_about_the_federal_reserve</a>?<br>
><br>
<br>
This is not so much a left-wing argument as a managerialist-liberal<br>
one. �There seem to be a lot of people who assume that the only<br>
alternatives out there are vanilla-flavored managerial liberalism and<br>
"right wing." �And anyone who makes decentralist noises or has<br>
problems with large institutions or bureaucracy is a "right-winger."<br>
It's the left-wing counterpart of the talk radio idiot who hears a<br>
Paulista talking about non-intervention and thinks it's a "librull."<br>
<br>
And it makes some utterly unsupported assumptions -- for example, that<br>
everyone calling for the abolition of the Fed is a right-winger or a<br>
hard-currency goldbug.<br>
<br>
In fact the anti-Fed movement is a house with many mansions, all over<br>
the political spectrum. �I'm a left-winger more friendly to Greco's<br>
barter currencies than to the gold standard, but I'm all for<br>
abolishing the Fed.<br>
<br>
It's certainly true, as Blumgart says, that central banks control the<br>
money supply. �But the Fed is a bank-owned cartel that controls the<br>
money supply by lending it into existence at interest. �Even if I<br>
believed in the need for a central government control of the money<br>
supply, it would make just as much sense to meet the need for more<br>
currency by spending it into existence along the lines of Lincoln's<br>
Greenback policy, or depositing it into existence in people's checking<br>
accounts as the Social Credit people want to do.<br>
<br>
I'd like to see something with Bitcoin's decentralized, encrypted p2p<br>
architecture, but organized on the principles of Greco's mutual<br>
credit-clearing network, as a subplatform of Freenet, that could be<br>
adopted on a scalable basis by the people in any locality who wanted<br>
to organize a local currency under cover of a darknet. �But to the<br>
extent that such systems advance credit by allowing members to run<br>
negative balances, they fall afoul of bank licensing laws. �We need to<br>
eliminate the state's money monopoly and let a thousand flowers bloom.<br>
<br>
--<br>
Kevin Carson<br>
Research Associate, Center for a Stateless Society <a href="http://c4ss.org" target="_blank">http://c4ss.org</a><br>
Homebrew Industrial Revolution: �A Low-Overhead Manifesto<br>
<a href="http://homebrewindustrialrevolution.wordpress.com" target="_blank">http://homebrewindustrialrevolution.wordpress.com</a><br>
Desktop Regulatory State: �The Countervailing Power of Super-Empowered<br>
Individuals <a href="http://desktopregulatorystate.wordpress.com" target="_blank">http://desktopregulatorystate.wordpress.com</a><br>
Organization Theory: �A Libertarian Perspective<br>
<a href="http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html" target="_blank">http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html</a><br>
<br>
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</div></div></blockquote></div><br><br clear="all"><br>-- <br>Devin Balkind<br>Director, Sarapis Foundation<div><a href="mailto:devin@sarapisfoundation.org" target="_blank">devin@sarapisfoundation.org</a><br>@devinbalkind</div>
<br>