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Author: TMFRedwood Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 56  
Subject: Re: Fed dictatorship needs to be toppled Date: 2/15/2011 2:30 PM
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Hi Ellipsoid,

He is definitely trying to create a link to Egypt, et al. But I don't think this is a stretch - the parallels with a dictatorship exist. Controlling legal tender gives you power to take wealth from citizens and redistribute it to government and government-designated recipients. It also is a good way to destabilize a country. Lenin knew this and abrogated old money to destroy the existing order (and gain control over the new order). To me, money is used as a store of value and to denominate transactions and there's no need to control it.

I do think you're on the mark - more exposition would be needed to make the full arguments to someone not familiar with the issues. He's sort of summing them up here.

Thanks for the comment!

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