On Property, Paper Money And Democracy

I have just devoted two posts to discussions of the link between Property and Liberty (here and here). It was shown that the Most Perfect Liberty Under Law can be obtained for all Individuals only when Property is inviolable.

Who is violating this Principle of Justice?

The State.

Of course, they are doing much worse than that. They are actually robbing us of our properties. This is accomplished through the fiat paper money system. Let us see how:

Note that, as of now, total government borrowings exceed total household savings – and one editor finally seems to have woken up to this fact. We save; they spend. And what do they spend? Paper money, which is “legal tender,” and which cannot be converted into anything. This paper currency note is thus a “property title without property.” In market exchanges, because of legal tender laws, these propertyless notes can be used to “buy” real goods, which are “real property.” The State is therefore presiding over a monetary system by which it “acquires” real goods and services while offering meaningless papers in exchange. Even our brave soldiers are paid for their services with meaningless papers.

Now, recall the fact that we save, while they spend. As they spend more and more, and their meaningless paper notes increase in volume, there is inflation – which robs us of our savings.

Lose-Lose for Wee The Sheeple.

The solution: First, we must SEE THE EVIL that is irredeemable fiat paper money. We must see that we were better off under a barter system, when we exchanged a real good for another real good – like potatoes for fish. We now exchange potatoes for worthless paper.

Money must be hard. There must be a real Property underlying a paper note. The State, in this instance, is violating Property once again.

Of course, The State is also violating Contract. If you SEE a 100 rupee note (with Gandhi’s face on it) you will find a solemn “promise” written upon it, signed by the central bankster (as in gangster), a “promise to pay the bearer,” on demand, real money in exchange for the paper note. If the central bankster cannot pay, he should be in prison: a debtors’ prison.

Irredeemable fiat paper money is therefore a fraud upon the people. Legislation like Fera and Fema are further fraud, which “render the law guilty of the very crimes that it is meant to punish.” The only solution is a clear understanding of the Principle of Property, which should be The Law. It is noteworthy that a leading Muslim scholar has judged paper money to be “Unislamic.”

Propertyless money is not only a fraud on the people, it is also the prime contributor to the destruction of the very meaning of Democracy, which seeks to represent the taxpayer. “No Taxation Without Representation” has always been the rallying cry of Democracy. However, with irredeemable fiat paper money, our The State buys up all the representatives, thereby converting them into “representatives of tax parasites.” It is no wonder then that the current Lok Sabha hardly ever met, and when it did, there was pandemonium. No serious business was transacted. Democracy degenerated into ritualism.

Further, our The State has announced a series of “sops” for the voters with an eye on the coming elections. These sops will only make the poor poorer. We must see through these schemes of our The State.

In a future post I will discuss the creation of credit, which is another big fraud today, because of central banksters and their fraudulent “fractional reserve system,” which is based on the pyramiding of debt and which adds to “property titles without property.”

What is worth reflecting over, in the meantime, is that democratic politics is NOT the solution. We only need Rule of Law based on the Inviolability of Property. We must not change the government; we must change the rules of the game. Then governments may come and go, but none can cause mischief. Incidentally, this is also what the Taliban seek. They cry for “adl” and “insaaf.” Both words mean Justice.