|
REPLY TO THREAD
|
|
Subject
|
'money' is best thought of as an imaginary commodity IMO
|
|
User Name
|
|
|
|
|
|
|
| Font color:
Font:
|
|
|
|
|
|
Original Message
|
Okay...
If we were on the gold standard.
You would have a 'bill'.
It would say,
"This bill is worth
(1) (pound) of (gold)"
As you can see, this bill has three pieces of information-
1. Quantity - 1
2. Unit - pound
3. Commodity - gold
If we were on a silver standard, you might have a bill that says,
"This bill is worth
(5) (ounces) of (silver)"
1. Quantity - 5
2. Unit - ounce
3. Commodity - silver
Right now in America, we have bills that should say,
"This is worth
(10) (dollars) of (money)"
1. Quantity - 10
2. Unit - dollar
3. Commodity - money
As you can see, the 'dollar' is a unit.
And 'money' is the commodity.
Thing is, even though it is a bill for a commodity called 'money', you can't go to a bank and redeem a dollar bill for 'money'.
Why? Because it is imaginary.
To understand this, think about two trekkies arguing over whether Vulcans can fly.
One says they can. The other says they can't.
The two settle the argument by going and getting the OFFICIAL, AUTHORIZED STAR TREK ALMANAC. On page 55 it says, "Vulcans cannot fly." The two trekkies are satisfied.
Now, even though the entire star trek universe is 'imaginary,' there is AN AUTHORIZED OFFICIAL ACCOUNT that they agree to abide by.
This is how our banking system now works. As long as there is AN AUTHORIZED, OFFICIAL ACCOUNT of who owns all of the 'money,' and how much there is, we all agree to abide by it.
So... when you think of 'money', visualize it as a vault somewhere, filled with a glowing green substance. When you use your debit card, or exchange a dollar bill, you are exchanging ownership of some of this 'money'. This is the only way to have money make 'sense'. Because a word without something you can visualize to go with it, is what we call 'nonsense'.
Why is this important? Because I am on the side of the people who want monetary reform and an end to the Fed. And I think this concept will get us further than simply saying money is debt, or only gold is real money.
|
|
Pictures (click to insert)
|
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | | | Next Page >> |
|
