MonetaryJustice / Monetary Justice is on Nostr

We're on a mission to create a fair and transparent monetary system that empowers individuals, instead of harming them.

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2024-10-26 18:06:27

Let’s use AI to see how the Five Characteristics of Repressive Monetary Systems are exhibited, or not, around the globe.
We asked Llama 3.1 to create a table that indicates whether these monetary systems lawfully exhibit the following repressive characteristics: Currency Creation, Currency Inflation, Currency Compulsion, Currency Confinement, and Currency Control as described on the Monetary Justice website. This was its response:
https://image.nostr.build/4570e405e124a6da309bef04230f3debfdaa2410a668654ed9eea72b0d3e9835.png
Explanation:
- United States: The Federal Reserve, the central bank of the United States, has the authority to create new currency units without backing, effort, or productive output, contributing to currency inflation. The government enforces the use of the US dollar through laws, confines alternative currencies with taxation and regulation, and exercises control over financial transactions through banks and surveillance.
- European Union: The European Central Bank (ECB) implements a fiat monetary system, allowing for currency creation and inflation. EU governments compel citizens to use the Euro, restrict alternative currencies, and monitor financial transactions.
- Japan: Japan's central bank, the Bank of Japan, operates a fiat monetary system, enabling currency creation and inflation. The government enforces the use of the Japanese yen, confines alternative currencies, and exercises control over financial transactions.
- China: China's central bank, the People's Bank of China, implements a fiat monetary system, allowing for currency creation and inflation. The government compels citizens to use the Chinese yuan, restricts alternative currencies, and monitors financial transactions.
- Russia: Russia's central bank operates a fiat monetary system, enabling currency creation and inflation. The government enforces the use of the Russian ruble, confines alternative currencies, and exercises control over financial transactions.
- El Salvador: El Salvador has adopted Bitcoin as a legal tender, allowing citizens to use it alongside the US dollar. This move reduces the country's reliance on a fiat monetary system, minimizing the effects of currency creation, inflation, compulsion, confinement, and control.
[Table and Explanation generated by Llama 3.1 405B]
How do you interpret these results?
Learn more about the Five Characteristics of Repressive Monetary Systems at: https://monetaryjustice.org

2024-10-26 18:06:27

2024-10-17 01:58:39

Americans for Monetary Justice
https://monetaryjustice.org
Introducing The Five Characteristics of Repressive Monetary Systems:  Exposing the ways governments use monetary policy to subjugate and exploit the masses.
1) Currency Creation
A government partners with the banking sector to implement a fiat monetary system, which allows both parties to create new units of currency without backing, effort, or productive output of any kind.
2) Currency Inflation
The banking sector and the government continually erode the currency’s value through unpredictable and excessive increases in its supply, producing inflation which transfers wealth from the working class to the wealthy.
3) Currency Compulsion
The government uses its lawmaking power to compel citizens to use its currency, which they may not create, but must earn, rendering citizens dependent on the monetary system to meet their basic needs.
4) Currency Confinement
The government then burdens the use of alternative currencies and more effective stores of value, like gold and bitcoin, with taxation and regulation, hobbling citizens’ ability to defend their rightfully earned wealth against theft through inflation.
5) Currency Control
The government concentrates custody of citizens’ funds in the hands of its banking partners and surveils financial transactions, exposing citizens to potential confiscation and censorship, and undermining their civil liberties.
The Effect
Citizens are corralled by the banking sector and their own government into a system of legally enforced economic exploitation that disempowers them both economically and politically through perpetual wealth extraction.
The Five Characteristics of Repressive Monetary Systems is a concise framework that describes a system of economic control and manipulation implemented by governments and banking sectors to exploit and disempower citizens.

2024-10-17 01:58:39