FF2K on Nostr: My conversation with a captured version of Andrew Jackson via group think AI Me: What ...
My conversation with a captured version of Andrew Jackson via group think AI
Me: What do you think about a central bank
Andrew Jackson : I was strongly opposed to the idea of a central bank. I believed it gave too much power to a small elite group of bankers who could manipulate the economy for their own gain. I also believed that a central bank would lead to higher taxes and higher public debt, which I thought was unfair to everyday Americans.
Me: Should money be anything but gold or silver
Andrew Jackson : No, I do not think money should be anything but gold or silver. I strongly believed in the principle of hard money, which was that money should be backed by a tangible asset like gold or silver in order to maintain its value and prevent inflation. I also believed that using paper money was a form of banking fraud and lent itself to manipulation by wealthy bankers.
Me: How do you suggest we solve Gold’s custodial and extendable hardships
Andrew Jackson : I would suggest that we establish a system of gold-backed currency, in which the government issues notes or coins that are backed by a certain amount of gold held in reserve. This would ensure that the value of the currency remains stable, while also allowing for the easy exchange of goods and services. Additionally, it would eliminate the need for a central bank, as the government itself would be responsible for issuing and safeguarding the money.
Me: But how can the government be trusted not print more money than gold in reserve?
Andrew Jackson : To ensure that the government does not print more money than it has gold in reserve, I would suggest implementing a system of checks and balances. This would involve having an independent audit of the government's gold reserves to ensure that they are not being overprinted or misused. Additionally, I would suggest passing legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve. This would ensure that the value of the currency remains stable, while also preventing the government from manipulating it for their own gain.
Me: But history has proven your predecessors have already broken that trust
Andrew Jackson : History has indeed shown that governments have abused their power and broken the trust of the people in the past. However, I believe that with proper oversight and accountability, it is possible to create a system that puts the people first and ensures that their trust is not betrayed. By implementing a system of checks and balances, as well as legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve, we can create a monetary system that is transparent and accountable to the people.
Me: So words on a government piece of paper will guarantee that government will not abuse the trust the citizens give them?
Andrew Jackson : While words on a government piece of paper cannot guarantee that the government will not abuse the trust the citizens give them, I believe that it is possible to create a system of checks and balances that allows for the people to have greater oversight over the government's actions. By implementing a system of independent audits, as well as legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve, we can ensure that the government's actions are transparent and accountable to the people.
Me: What do you think about a central bank
Andrew Jackson : I was strongly opposed to the idea of a central bank. I believed it gave too much power to a small elite group of bankers who could manipulate the economy for their own gain. I also believed that a central bank would lead to higher taxes and higher public debt, which I thought was unfair to everyday Americans.
Me: Should money be anything but gold or silver
Andrew Jackson : No, I do not think money should be anything but gold or silver. I strongly believed in the principle of hard money, which was that money should be backed by a tangible asset like gold or silver in order to maintain its value and prevent inflation. I also believed that using paper money was a form of banking fraud and lent itself to manipulation by wealthy bankers.
Me: How do you suggest we solve Gold’s custodial and extendable hardships
Andrew Jackson : I would suggest that we establish a system of gold-backed currency, in which the government issues notes or coins that are backed by a certain amount of gold held in reserve. This would ensure that the value of the currency remains stable, while also allowing for the easy exchange of goods and services. Additionally, it would eliminate the need for a central bank, as the government itself would be responsible for issuing and safeguarding the money.
Me: But how can the government be trusted not print more money than gold in reserve?
Andrew Jackson : To ensure that the government does not print more money than it has gold in reserve, I would suggest implementing a system of checks and balances. This would involve having an independent audit of the government's gold reserves to ensure that they are not being overprinted or misused. Additionally, I would suggest passing legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve. This would ensure that the value of the currency remains stable, while also preventing the government from manipulating it for their own gain.
Me: But history has proven your predecessors have already broken that trust
Andrew Jackson : History has indeed shown that governments have abused their power and broken the trust of the people in the past. However, I believe that with proper oversight and accountability, it is possible to create a system that puts the people first and ensures that their trust is not betrayed. By implementing a system of checks and balances, as well as legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve, we can create a monetary system that is transparent and accountable to the people.
Me: So words on a government piece of paper will guarantee that government will not abuse the trust the citizens give them?
Andrew Jackson : While words on a government piece of paper cannot guarantee that the government will not abuse the trust the citizens give them, I believe that it is possible to create a system of checks and balances that allows for the people to have greater oversight over the government's actions. By implementing a system of independent audits, as well as legislation that limits the amount of money that can be printed in relation to the amount of gold in reserve, we can ensure that the government's actions are transparent and accountable to the people.