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That doesn't negate the argument. Political systems in which a small group can vote many more times than other people are considered to either be oligarchies or extremely corrupt, not democratic. Why should that be any different in economic systems?
You’re missing the point. You are responsible for providing for yourself. Everyone chooses how much wealth they have by how they spend and save their money. If I save and you blow all your money on beer, why should we have the same wealth? Why should someone come a long with a gun and force me to give up half of what I produced. It’s immoral and unjust. Don’t talk to me about oligarchies; every single communist nation in the world is an oligarchy. You can call the free market whatever you want but, we arn't supposed to all have the same amount of wealth because it's based off of how much you produce. The free market isn't perfect but theres nothing better.
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No it doesn't. This country was a plutocratic oligarchy before the elimination of the gold standard, before the creation of the Fed, and it is just as much so afterwards. Political power comes from the barrel of the gun, not from what backs up currency.
Gold by itself is inflation proof. While we sweat and bleed for the money we make, the Fed comes along and prints as much as they want… We still don’t know where most of the bank bailout went. Yes, having a gold standard without a central bank would return power back to the people. Instead of congress going to the Fed to print (counterfeit) money they would have to come to the people. This is why gold also helps keep peace (because they can't fund wars off the printing press); congress would have then to tax (high taxes could cause riots) and couldn’t devalue and/or steal our money without us even knowing about it. I’m not sure about you but, my parents always told me that when you take without asking its theft. It’s immoral; it would be the same thing as a farmer selling watered down milk.
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“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.â€
-Thomas Jefferson
P.S. I bet you didn't know the Fed printed $600 billion dollars a week before they passed the bank bailout (stole from us without knowing about it). The Fed is an oligarchy.