Original Blog Entry: Federal Food Reserve

time*treat — Sat, 19 Jul 2008 15:50:22 GMT

Excerpted from Bill Walker's Modest Proposal

http://www.lewrockwell.com/walker/walker31.html

Look at the terrible waste in the private food sector. Warehouses and elevators full of food, none of which is loaned out to more than one person at a time. Now, if the methods of modern government finance were applied, all that grain and fruit could be giving liquidity to ten times the number of grocery stores!

Now you object: But what if everyone wants their food at the same time? Under the old system, when a grocery store or grain elevator had insufficient reserves, it became unable to provide more food for withdrawal in a crisis. This is obviously unacceptable.

All food-related matters will be centralized in Federally chartered Food Banks. These food banks will issue Federal Reserve Noodles, similar to Ramen noodles except that they will have no physical existence as such. These FRNs will be legally good for all metabolic debts, public and private.

All actual flour, rice, kiwi fruit etc. will be stored in Fort Knox, but never audited....

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