Tag Archives: reader feedback

Regarding Money And Government In Business Positions

LetterstotheSilo Dear Silo, I kept my Silo printed back issues and I just re-read the January-February 2013  issue of The Silo. I noticed that a few of the articles involve the issue of consent (biogas facility, mega-quarry, dads attending births) and choice (media publications, GMO foods, liquor sales). Freedom of choice and voluntary consent are basic human liberties that we often take for granted.

In the old printed article, Peter Dash questions the viability of government institutions to meet general needs, and MPP Toby Barrett says it’s high time the Ontario government takes its nose out of business. As the one image on page 13 puts it: “Government didn’t build my business, I did”. Government does not produce. It is usually an expensive and inefficient provider of services. Liquor sales should definitely be opened up to private competition to enable consumer choice. All government services, including health care, education, infrastructure, pensions, security and defense, should compete in a free market. Why should any group of individuals (including “government”) have an imposed monopoly on the provision of any services?

Goods and services should compete in a free market based on price, quality and consumer demand. Any individual should be free to do anything at their own risk and expense that does not adversely affect anyone else, and to negotiate an agreeable price for the purchase of any goods or services that they actually want and use.

monopolypoortax

Money and power are central to almost every issue. We do not have political freedom or economic freedom because we don’t have – or don’t exercise – monetary freedom. The banks, in collusion with government, essentially control money and credit by controlling the creation, allocation and price of the medium of exchange, which essentially controls the production of goods and provision of services. Money created as interest-bearing debt is always in scarce supply. Inflation is a hidden tax. We are essentially helpless to prevent anything decided for us by the people in government and their friends in big business because we do not control money and credit.

A necessary step, therefore, is to take control of our own credit and allocate it wisely, rather than doing what the controllers of money demand of us. Products and services, including currencies and alternative exchange systems, should compete with each other in a free market. Thomas H. Greco’s recent book, The End of Money and the Future of Civilization, provides an excellent explanation of the nature and function of money and offers a practical alternative to the present system. The Money Fix, a documentary by Alan Rosenblith, also explains the creation of money and its role in the economy. You might find both of these sources informative and interesting.

Sincerely,
K (Name withheld due to request)

“Banks create money. That is what they are there for… The manufacturing process consists of making a pen-and-ink or typewriter entry on a card in a book. That is all. Each and every time a bank makes a loan, new bank credit is created – new deposits – brand new money. Broadly speaking, all new money comes out of a bank in the form of loans. As loans are debts, then under the present system all money is debt.”
Graham Towers, Governor of the Bank of Canada from 1935-1955

Quotes To Consider- 

“Money is created when banks lend it into existence. When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn’t create the second $100,000 – the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000.”
Bernard Lietaer, economist and author

“By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. … The essential notion of a capitalist society is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.”
Milton Friedman

“What is the basic, the essential, the crucial principle that differentiates freedom from slavery? It is the principle of voluntary action versus physical coercion or compulsion.”
Ayn Rand

“For in reason, all government without the consent of the governed is slavery.”
Jonathan Swift

“Give to every other human being every right that you claim for yourself – that is my doctrine.”
Thomas Paine

 

 

Letters To The Silo- Idle No More

LetterstotheSilo

Dear Silo, We have as of late been inundated with all the bad news about the “ Idle No More “ protests by the aboriginals and how disgusting it is, and counterproductive it is and all the finger pointing that is going on, and who’s right and who’s wrong and how dare theses people disrupt our way of life.

These people have a legitimate road to hoe with their issues and have had for years now. They were the originators of this country, had at one time a huge empire here that stretched across the country and ran their affairs according to their laws. While I do not condone some of the acts that have been done it’s not hard to see why they have done so to make or stress their point. I mean is it not hard to envision that if you had been put on reserves and given second class status and had issues would you not also rail against what you felt was wrong for you and your people.

Ms. Spence may have squandered money in an incorrect fashion and may have played fast and loose with taxpayers dollars and if so well that’s just dead wrong. But who amongst us recalls that sordid affair over the “Gomery Commission “ into the now infamous “Sponsorship scandal “ which in itself was riveting stuff and played out daily in the papers and tv broadcasts across the nation. And who can forget that utterly bumbling scenario with the Prime Minister blathering on about “ golf balls “ and trying to bamboozle the taxpayers with his charm and chutzpa and everyone seeing right through that like he was the “Emperor with no clothes “ eh????

The point is there is a legitimate beef here and yes has to be corrected and things sorted out. There is no difference between this and the Gomery deal both were wrong and a travesty of the use of tax payers money and have to be corrected. Perhaps if there were better checks and balances put into place maybe this would not have happened. If the tax payers of this country want better representation for their tax dollars then maybe they should use the right to protest for better use of tax money as after all this is about tax dollars and its use or misuse. We live in a democracy and what is going on here is democratically correct and must be respected fully regardless of the warts and bumps of the system and all its flaws.
Wryter