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Why cannot earth folks envision a world without MONEY!

 
Anonymous Coward
User ID: 5359034
United States
12/13/2011 05:32 PM
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Re: Why cannot earth folks envision a world without MONEY!
Money is enslavement from the day the federal reserve took over. Every dollar in existence has interest added to it before we get our hands on it. So if we keep excepting this system, we have accepted enslavement. Every time we keep borrowing money we fall deeper and deeper in debt no matter what and this will never end. If i recall its something like 14 trillion right now. How stupid can we be to accept a system that thrives on our materialistic worship.
Take a look at this video it explains the whole thing.

[link to video.search.yahoo.com]
Manu-Koelbren

User ID: 6793923
Spain
12/13/2011 05:37 PM
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Re: Why cannot earth folks envision a world without MONEY!
Probability of raising selfish egotistical people will be lower, instead you will get apathetic people with no morals or sense of value who will have lot's of spare time to acquire mentally degenerate lusts which they will seek to satisfy without any consideration of repercusions.

You're right, enviroment shapes mankind, now you seem to be very sure of the evils of the capitalistic environment, I suggest you take more time to theorize about the evils of your proposed system, you have lot's of examples to guide yourself right now in our current world, and they ain't pretty.
 Quoting: Manu-Koelbren


You are just shooting thing out of you ass i already told you about experiments that shows people are driven by thing different things then money ,yet you choose to ignore it.

Sad you.

Yes i have a lot of examples.

Communist generation from my country is the hardest working.
People doing free stuff like LINUX or volunteering to help poor people if Africa for free even with todays monetary pressure.

What are your examples other than your bitterness ?
 Quoting: Shogu666


Oh please, what percentage of the total population does your example cover? Everyone is motivated by some form of self interest in this world. I am sure those volunteering have some way to finance their way whole doing it, and even if they seem altruistic they're pursuing their objectives with some form of self interest in mind, whether it's recognition or satisfaction derived from feeling like they're selflessly helping others. If they wouldn't derive some form of benefit they wouldn't do it. Yet even these cases are few and in between.

You look at current welfare states and you see how freeloaders are in the rise, folks who take advantage of the system grow exponentially when they realize they can get a free living at the expense of another. Suddenly people are sick, their backs hurt, they don't want to work, they want benefits, they want the free road. But nothing is free, there's always someone who has to do the work for those who don't want to.

In a society without money human nature would surely turn for the worst. In fact, humans are not worse merely because of the determent of the force of law. And even then we're quite a vicious, egotistical, selfish, destructive species. Your premise takes for granted that people given stuff for free would magically all turn into good natured peoples. My premise stems from the proven fact that only an enviroment which promotes good values by the punishment for bad actions and the reward for good actions, can create a noble society. Free for all can only work when everyone gives off the same output, and that is utopic unless we're dealing with very small pockets of very homogeneous peoples managing a small economy.
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”
Anonymous Coward
User ID: 5359034
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12/13/2011 05:38 PM
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Re: Why cannot earth folks envision a world without MONEY!
Money is enslavement from the day the federal reserve took over. Every dollar in existence has interest added to it before we get our hands on it. So if we keep excepting this system, we have accepted enslavement. Every time we keep borrowing money we fall deeper and deeper in debt no matter what and this will never end. If i recall its something like 14 trillion right now. How stupid can we be to accept a system that thrives on our materialistic worship.
Take a look at this video it explains the whole thing.

[link to video.search.yahoo.com]
Anonymous Coward
User ID: 742532
New Zealand
12/13/2011 05:41 PM
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Re: Why cannot earth folks envision a world without MONEY!

You are just shooting thing out of you ass i already told you about experiments that shows people are driven by thing different things then money ,yet you choose to ignore it.

Sad you.

 Quoting: Manu-Koelbren


Great thread Op. I was talking about a No Money society with a local a couple of days ago.
She does many hours of voluntary work a week.
We live in the EQ zone in NZ-about 8000 quakes in the last year or so and well, devastation is the right word to describe what's happened.
When the second major one struck this area was effectively cut off from the rest of thecity.
No water, no power,no phones-landline or cell, for three days.
Many house dmaged or destroyed.
However the people responded wonderfully.
Trestles were out on the street with food and drinks within minutes of the quake, and the old people of the area were gathered up within an hour or so and taken to the community centre for shelter.
And it was all volunteer work.
The WORST part of the entire nightmarish experience is now dealing with the awful bureaucratic/big business/ government bullshit.
Anonymous Coward
User ID: 5359034
United States
12/13/2011 05:43 PM
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Re: Why cannot earth folks envision a world without MONEY!
[link to video.search.yahoo.com]
Anonymous Coward
User ID: 7056880
United States
12/13/2011 05:43 PM
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Re: Why cannot earth folks envision a world without MONEY!
Money just makes it easy to steal people's shit without having to haul away truckloads of big heavy stuff.
Manu-Koelbren

User ID: 6793923
Spain
12/13/2011 05:43 PM
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Re: Why cannot earth folks envision a world without MONEY!
OP said no money. So, no economy.

Everything belongs to everybody. But that means nothing belongs to anybody. We all have nothing.

Thanks for nothing OP
 Quoting: Real list


BS. No money doesn't mean no economy.

Your reality just cant grasp different concepts because of your high indoctrination.
 Quoting: Shogu666


So answer me, what happens in your utopic moneyless world when people realize that they get what they need whether they work hard or not. What happens when you get a massive amount of people who say fuck it, I am gonna leech those who do the work and I am gonna scratch my balls.

You suggest those who do the work should altruistically keep feeding the leeches? Realistically how long would that last?
 Quoting: Manu-Koelbren


Thankyou, now I don't have to start this topic, I can work off of YOURS.

Those who run the money ARE the leeches, not the poor shit living at a disadvantage. Let me tell you what this world could have looked like at this point. First it would not be so overpopulated, but lets forget that for a minute.

If this world were money free, every one who is capable would contribute to society. You would all set your alarm clocks, depending on that nature of your personal gifts to the world, and go to work at something.

Now, you would only "work" for the upkeep of this world at most, if we could wave a magic wand right now to create it, 20 hours a week and considering all the jobs that would suddenly be vacated because of no need for them, I suspect considerably less, as the "work force" would have to accept those who had just given up their jobs associated with banking and insurance industries. Religion would fall flat on its face, no need to gather money off the parish either with cheap entertainment shows on Sundays. yes people, I have YET to attend a sunday show worth its salt.

You bust your butts to put insurance on your life, and on your stuff. This would go right out the door. Instead is your stuff gets busted in some way, there would instead be folks you could call up to come fix your stuff for you, or rather WITH YOU. Life does not change that much off money. All the stuff and services society needs are supplied by those drawn to such fields of endeavor. You would still have fire departments, and other public safety, but on a money free world, crime goes way down, so less need for police as we know them.

You don't need to insure your life. Ponder that one. PLEASE oh Please ponder ll the stuff you have to pay for that leaves you NO TIME for anyway to grow your spirit.

Since there is not a profit motive, people will not need to purchase cheap shit that breaks or wears out 2 minutes after warrenty expires. There would be no warrenties to purchase either. Man would want want GOOD SHIT that lasts and will not wish to destroy his home by making new sexier autos either. You will move beyond that which will stop the thieving of sexy cars for parts too.

You are all happy with your cell phones and internet right? Don't you think everyone if they want it should have them? YES. The education alone on the net will make it something for all to have as a necessity.

Let skip the necessities a bit, because all of these would be manufactured as needed by those who do such things. Lets look at what you could do with your time you now have.

I should let you ones write this chapter. ASSUMING YOU HAD EVERYTHING YOU NEED, IN HOUSING, FOODS, CLOTHING, BECAUSE SOMEBODY STILL MANUFACTURES THIS, WHILE OTHER TEACH, PRACTICE MEDICINE AND OTHER CAREERS, WHAT WOULD YOU DO WITH THAT "SPARE" TIME. YOU WRITE THIS BOOK, I WILL CHECK LATER. In the meantime I will look at some more of the posts. My pumpkin pie is in the oven.
 Quoting: Nobody in Particular


"but on a money free world, crime goes way down, so less need for police as we know them."

You're merely assuming without factual basis. Money is merely a means to get something that a person desires. You take money away from the equation that doesn't mean you have taken the things people lust over from the equation.

Without money people will keep lusting for his neighbor's wife, they will continue feeling envy, they will continue feeling jealousy, they will continue being greedy and those who feel they can get their way by force and abuse others to get what they want will continue devising ways to do so.

You're just being idealistic, try to consider ALL the facts not only what you would like to happen. Carefully consider human nature and you will realize giving out things for free won't magically change all human flaws, in fact it will do quite the opposite.
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”
Real list

User ID: 7049451
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12/13/2011 05:50 PM
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Re: Why cannot earth folks envision a world without MONEY!
Unless you are using that land to improve the human condition. Even if you do this for a profit, if you grow food that people need to survive, where is the insult?
 Quoting: Real list


Because people are forced into acquiring food YOUR way. They have to work for you in order to get money.

You are stripping their freedom of being able to sustain themselves.
 Quoting: Shogu666


if I work to produce the food, how is it unfair for you to work to purchase it?

I produce the food for you, you produce something of value to me.

But regardless of what you must do to pay for it, without my food you might not survive. Your life is better because I control a parcel of land.
Corvus
User ID: 7064141
Turkey
12/13/2011 05:55 PM
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Re: Why cannot earth folks envision a world without MONEY!
OP you are just a new age communist.What are you doing in 'real life' to promote your ideals.I assume you do nothing but expect 'some people' to do it for you.There are some organizations similar to your ideals with secret agendas such as global dictatorship.I fear that they'll lure many sheeple like you in to their trap and accomplish their goals by using people like you.
Anonymous Coward
User ID: 7069966
United States
12/13/2011 05:59 PM
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Re: Why cannot earth folks envision a world without MONEY!
Just three questions for you NIP, I hope you have the time to answer them.

1. If not money how do you suggest we live? By what means?

2. How did you come about this knowledge?

3. Have you heard of the Hopi prophecy which speaks of motherearth ejecting its core and earth moving into venus' orbit and our moon to mercury's current orbit? If so, what are your thoughts?
Manu-Koelbren

User ID: 6793923
Spain
12/13/2011 05:59 PM
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Re: Why cannot earth folks envision a world without MONEY!
OP you are just a new age communist.What are you doing in 'real life' to promote your ideals.I assume you do nothing but expect 'some people' to do it for you.There are some organizations similar to your ideals with secret agendas such as global dictatorship.I fear that they'll lure many sheeple like you in to their trap and accomplish their goals by using people like you.
 Quoting: Corvus 7064141


They want to overthrow those who create industry to bring them down to an equal level with themselves when they themselves don't give even 0.001 % of the capitalist output.

It's basically the same communistic mantra of destroying the burgeoise to spread their wealth among the proles, problem is, that was tried and simply failed.

youfail
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”
Shogu666

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Poland
12/13/2011 06:01 PM
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Re: Why cannot earth folks envision a world without MONEY!
I am not against automation, but you must take into account that humans with lot's of spare time don't necessarily turn into geniuses or spiritually enlightened gurus. The human nature is not set by your idealistic standards, in fact I'd say entropy is a much more likely outcome judging by the history of mankind.
 Quoting: Manu-Koelbren


So according to you no one should ever get rich and financially independent because he may become lazy stupid and evil because of the to much free time he would posses.

Where you do you get those silly contradicting logic from. You are badly indoctrinated or highly ignorant.
Anonymous Coward
User ID: 7049086
United States
12/13/2011 06:03 PM
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Re: Why cannot earth folks envision a world without MONEY!
OP you are just a new age communist.What are you doing in 'real life' to promote your ideals.I assume you do nothing but expect 'some people' to do it for you.There are some organizations similar to your ideals with secret agendas such as global dictatorship.I fear that they'll lure many sheeple like you in to their trap and accomplish their goals by using people like you.
 Quoting: Corvus 7064141


Promoting them here, exactly no one around here where I live gives a fat fuck, ok and they will experience also the destruction they have allowed of this world. This world is lacking at least my neck of the woods any way in much that is creative and those of a creative spirit filled nature feel STUCK. Otherwise I have created the global 2nd Coming team that will assist in an advisory manner to bring in the new world after the long stasis to cleanse this world. This team will be very busy with the planning during that time.
all_the_kings_horses
User ID: 4536389
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12/13/2011 06:03 PM
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Re: Why cannot earth folks envision a world without MONEY!
...


You will thus be incarnating on another fucked up world, ponder that. Capitalism such as it is, means that a company is worked by cooperation, and all in it PROFIT from what the company does, and are NOT EMPLOYEES. They co create the company. They share in the money taken in. Any other way, and the "employee" is a SLAVE. I worked in hospitals for a long time, and there was NO CREATIVE SPIRIT there, that drove them to better themselves, either the people working in them or the patients. I chose that career to SERVE and while I did where I could, I was still a slave, because creative spirit was not allowed. People are equal, in terms they have a God mind, but it is slavery that divides them and causes huge in equality. Some folks are smarter than others, yes. Because the not so smart are just younger souls who are still growing themselves, unless the brain of course is defective as an interface with their world.

Your post is a tragic fail, it has no heart within. Even the dumbest of people have a worth, and can be part of a cooperative creative venture. Even the retarded in many MOST cases.
 Quoting: Nobody in Particular


I'll agree, employees are basically slaves. They trade the precious time they have on this planet, in this incarnation, for a measly wage.

Working for other people, however, is not true capitalism. True capitalism is working for yourself, creating your own business and becoming successful based on your own intelligence and abilities. People have forgotten this fact and this why we have things like OWS. Everyone wants a life handed to them, they want a job given to them, money given to them, they want to do a minimum of work to receive what they feel they deserve.

True capitalism means that those with the intelligence and abilities to be successful are successful and everyone else does what they can and works for these true capitalists.

You may say I have no heart but I understand the world in a much deeper way than you apparently do. People are not equal, not everyone has the same worth. You would have us believe that an illiterate, sack jawed, vapid moron with barely enough brain cells to keep breathing is just as valuable as Einstein or Hawking. They are not, this is a fact.

Everyone has some amount of worth but many people are only valuable as workers. The only thing they can contribute to society is to do a repetitive task which they have been trained to do. Creating an "equal" society has never been about raising those that are low but lowering those who, rightfully, should be raised above the rest.

If you're unhappy in your job and you think you deserve more than quit and start your own business. There are very few things that can not, in some way, be done in at least a freelance fashion.

You say I have no heart because I have no desire to equate myself with the moronic masses of people that demand things yet contribute nothing.

Inequality is a fact of nature, the slow zebra is the one that gets eaten, the biggest gorilla is the one in charge.

Forced equality does nothing but breed contempt.

Tell me, in your perfect moneyless world, who gets to work in the fields, who gets to do back breaking labor and who gets to sit in a comfortable office and manage everything?
 Quoting: Anonymous Coward 4104666


there are so many errors in what you said.....lets start at the beginning...you said..."Capitalism is the only system that allows the individual to better their station in life."
the "ONLY" system? You painting with a pretty broad brush. Please present some evidence that this claim is true. Simply saying it does not make to true.
 Quoting: all_the_kings_horses 4536389


How about the fact that it is the only system in the history of man to allow someone to rise from poverty to wealth, prosperity and power?

Can you name any other economic system that has allowed this to happen to effectively?

Capitalism is the only system which gives even the poorest and lowest person the tools and opportunity to better their station and create a life of their own choosing.

Capitalism is, I believe, the most natural state for any economy.

Of course, I'm just completely wrong about everything I've said, right? It's not like I went from eating out of dumpsters and wearing dead people's clothing to running my own business. I obviously have no idea what I'm talking about.

Please, enlighten me, oh wise one.
 Quoting: Anonymous Coward 4104666

first of all, read your original words...you said..."Capitalism is the only system that allows the individual to better their station in life." again you said "capitalism is the only system that....."

reality check.....There are numerous systems both economic and otherwise, they include but are not limited to: market laissez-faire capitalism, participatory economics, gift economy, barter economy, market socialism, the Japanese system, Mercantilism, Social corporatism, the Nordic Model, Anarcho-capitalism, non-property system, Islamic economy, knowledge economy, Participatory economy,Libertarian socialism etc etc etc.

So to say as you have that "Capitalism is the only system that allows the individual to better their station in life " is myopic to the extreme. Most of these systems allow individuals to live a bountiful life.
Corvus
User ID: 7064141
Turkey
12/13/2011 06:05 PM
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Re: Why cannot earth folks envision a world without MONEY!
Thus automation.
The whole fucking point of progress should be that we should work less.
Everybody wants to work less even you unless you are a masochist.
 Quoting: Shogu666


Friggin automation CANNOT be sustained in global scale and it CANNOT satisfy the global demand.This is a f*cking UTOPIA or should i say DYSTOPIA.Those machines need energy right?What are you planning to run those machines?Will you use your urine instead of oil?Do not even tell me about alternative energies or else i will think you are a ignorant utopian absent of knowledge about physical and thermodynamic laws.
Shogu666

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Poland
12/13/2011 06:05 PM
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Re: Why cannot earth folks envision a world without MONEY!
if I work to produce the food, how is it unfair for you to work to purchase it?
 Quoting: Real list


Because i don't want to eat your chemical/pesticide/GMO food that was cheaper for you produce.

But regardless of what you must do to pay for it, without my food you might not survive. Your life is better because I control a parcel of land.
 Quoting: Real list


No its not.
Anonymous Coward
User ID: 433811
New Zealand
12/13/2011 06:05 PM
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Re: Why cannot earth folks envision a world without MONEY!
Everybody wants to work less even you unless you are a masochist.
 Quoting: Shogu666

Hell yes.
But it's so much worse when you know that your hard labour is going to feed parasites via taxation to pay of an ever increasing fictional debt.
And if you in Spain think it's any different where you live from where I live or OP lives think again.
The Fed owns NZ, and "our" debt is astronomical.
PIGSNZ.
The point is the techology is available for everyone to live well, not just a privileged few.
Can you imagine what you could do if didn't have to work in some godawful job for the Man?
Manu-Koelbren

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12/13/2011 06:06 PM
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Re: Why cannot earth folks envision a world without MONEY!
I am not against automation, but you must take into account that humans with lot's of spare time don't necessarily turn into geniuses or spiritually enlightened gurus. The human nature is not set by your idealistic standards, in fact I'd say entropy is a much more likely outcome judging by the history of mankind.
 Quoting: Manu-Koelbren


So according to you no one should ever get rich and financially independent because he may become lazy stupid and evil because of the to much free time he would posses.

Where you do you get those silly contradicting logic from. You are badly indoctrinated or highly ignorant.
 Quoting: Shogu666


Oh come on, you know the rich never stop working or else their wealth would be gone in the blink of an eye. Don't be stubborn, your commie mentality has been proven to fail over and over again, give it up, you have no factual basis to present your argument, you can only hope people would act in the manner needed for your ideas to work out, and you know that's highly unlikely.


Capitalism doesn't play with the hypothesis that people will react in this or that manner, it simply lays out an environment in which if you don't struggle you perish. So you are left with no choice. When you start granting people their survival whether they deserve it or not, then you are paving the way for people to take advantage of the system.- If you think that those who struggle harder to create industry should be leveled up with those who expect to be fed for nothing in return you're a dangerous, delusional individual, also goes by the name COMMIE.

COMMIE
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”
Anonymous Coward
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12/13/2011 06:06 PM
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Re: Why cannot earth folks envision a world without MONEY!
I am not against automation, but you must take into account that humans with lot's of spare time don't necessarily turn into geniuses or spiritually enlightened gurus. The human nature is not set by your idealistic standards, in fact I'd say entropy is a much more likely outcome judging by the history of mankind.
 Quoting: Manu-Koelbren


So according to you no one should ever get rich and financially independent because he may become lazy stupid and evil because of the to much free time he would posses.

Where you do you get those silly contradicting logic from. You are badly indoctrinated or highly ignorant.
 Quoting: Shogu666


in a world of spirit filled people operating without money, there is no need for "financial indepence" at all. you have bought a large lie. Nowhere have a said that a world free of money has lazy people with time on their hands. They will that "time" with worthy actions. Like never ending education.

Where are you going to take all that money when your body expires? To what purpose? How many did you enslave to get it, unless you were self employed or in a partnership? One of the golden rules of God that produces healthy societies, is thou shalt not enslave another human being. Did you pay truly "fair" wages. I haven't met a company yet that truly did. Are you having "fun" dealing with health insurance on your slaves? And paying SS taxes (1/2 of them), so they can retire slaves?

People with lots of spar time, who have made their contribution to their society can spend their spare time pondering their belly buttons for all I care, well I do care on that one, but I cant make their choices. Advancing societies have a great deal to offer to stimulate a mind. A person who works a factory job during all of their adult working years, gains little except if their job changes as to which part they manufacture or if they get to move into a slave drive position in their companie. That is what you supervisors are, you know, most of you paid slaves in a slave driver position. rarely have I seen a supervisor worth their salt. Sure supervisors will also be needed still in companies, but I think they will improve, and you see the ones under them will not be SLAVES, but co creators in the work at hand. They can be released to other worth if they are not capable of their job, but the supervisor will work to help them become capable, and it won't be for profit, but for the quality of the product produced.

GOOD BYE "health insurance" too, aren't you ones TIRED OF THAT GAME?????
Anonymous Coward
User ID: 952924
Canada
12/13/2011 06:07 PM
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Re: Why cannot earth folks envision a world without MONEY!
Omg, Y'all are making me laugh out loud,my stomach hurts! Stop before I pee on myself.



1rof1
sylvie

User ID: 6990378
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12/13/2011 06:08 PM
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Re: Why cannot earth folks envision a world without MONEY!
You are all happy with your cell phones and internet right? Don't you think everyone if they want it should have them? YES. The education alone on the net will make it something for all to have as a necessity.

 Quoting: Nobody in Particular


I'm with you on your vision, except for the cell phones (and the robots, but that's another story). Cell phone radiation causes cancer, infertility and a multitude of other symptoms, disturbs kids' brain waves (and adults', but kids are even worse off due to their thinner skull bones), cell phone towers bombard us with even more radiation, and so forth. I'm not even gonna start on how it has estranged people from one another... these days, kids hang out at parties, each texting someone else on their phone while sitting next to a real person they could talk to. It's a very antisocial device, IMO, replacing real communication with virtual communication.

That's why I'm not so sure about the technology part of your vision; my personal feeling is that our modern technology has done us more harm than good. Sure, it has made things more "convenient," but it also has driven us apart, irradiated us, paralyzed us, stunted our emotional and spiritual growth, made us spoiled and lazy, brought us poisonous foods, water, soil and air pollution, makes other living beings (animals) suffer greatly, hypnotizes us and estranges us from our own kids, etc., etc.

My ideal society would be a non-technological one, with only some basic devices. Horse and buggy would be fine with me.
Anonymous Coward
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12/13/2011 06:08 PM
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Re: Why cannot earth folks envision a world without MONEY!
FP Editors Dec 12, 2011

Firstpost.com

Uncertainty over the future of the eurozone runs high, despite last week’s high-on-hot-air agreement on moving towards greater fiscal union. And that uncertainty is driving European banks into a severe liquidity crunch that could cause the region’s entire banking system to collapse, analysts fear.

The early warning signs of such a liquidity seizure are already showing up in the troubles that European banks face in raising short-term liquidity. French, Italian and Spanish banks have run out of collateral (typically US Treasures) that they put up to finance short-term loans, and have been forced to pledge their gold reserves in order to secure dollar funding, reports The Telegraph.

Some European banks have resorted to selling foreign assets to meet their capital requirements; others have cut back on their lending to industry.

Money is to the economy what blood is to the human body. So long as both are circulating smoothly, they’re doing fine. But when liquidity starts to choke in the veins of the economy, as is happening now, it points to a coming seizure. Which is the worry that keeps bankers and analysts up at night these days.
Euro

Investors are beginning to lose their faith in the banking system, and have begun a ‘bank run’ that could snowball into a full-blown crisis.

The “collateral crunch” has come about because the banks’ traditional means of raising funds are running dry as investors, worried about the survival of the euro, are pulling out their savings or are easing up bank bond purchase.

Essentially, what this signals is that investors are beginning to lose their faith in the banking system, and have begun a ‘bank run’ that could snowball into a full-blown crisis.

Even the market for short-term interbank lending is seizing up. The Economist reports that US money-market funds have reduced their lendings to European banks by more than 40 percent in the past six months.

According to rating agency Fitch, even European money markets funds are reducing their exposure to banks in France, Italy and Spain.

Just last week, rating agency Moody’s raised the red flag over French banks, cutting their debt ratings citing the heightened difficulties that the banks faced in raising funding and the worsening economic outlook. “Liquidity and funding conditions have deteriorated significantly,” Moody’s said.

In September, French banks witnessed a flight of capital to the tune of 100 billion euro after US money-market funds, wary of French banks’ exposure to peripheral economies and to Italy, turned off the liquidity tap.

Also last week, the European Banking Authority (EBA) said that the region’s banks must raise 114.7 billion euro in extra to withstand the eurozone debt crisis.

The undercurrent of nervousness about the euro, and the lingering risk that one or more countries may yet opt out of the eurozone, has additionally prompted a flight of capital away from peripheral southern European economies, which could trigger a larger bank run.

Bloomberg reports that European companies have initiated contingency plans in the event of an unravelling of the euro. Among the measures they’ve set in motion: moving money out of Spain and into Germany, transferring their headquarters from southern Europe to the north; cutting investments; and, in extreme cases, going out of business.

According to rating agency Fitch, even European money markets funds are reducing their exposure to banks in France, Italy and Spain. AFP

One CEO quoted in the report said he did not “trust Spain will remain in the eurozone… We moved our cash and deposits (from Madrid) to Germany because Spain will come back to the peseta.”

Others too have sighted similar symptoms of capital flight. “Corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium,” a Citigroup analyst wrote in a recent research report. “This is a worrying development.”

What is the risk from a prolonged liquidity crunch?

The first is that banks could turn off their own lending tap, which could affect businesses and borrowers and trigger a downward spiral in the economy. Bad as it is, the second prospect is rather more catastrophic: a bank failure, speculation about which abounds in the market, could trigger panic of the sort we saw in 2008.

Human psychology could accentuate that problem: the fear that a bank could go under will likely trigger a stampeding by investors to pull out their money. Even if the bank was not initially at risk, a bank run of this sort, when investors pull out their money simultaneously, is more likely to tip it over.

Likewise, market panic triggered by this collateral crunch would also suck out the air of liquidity in markets around the world as investors flock to safe havens. To an Indian economy that is already in hot water, that could mean a sharper fall in the rupee as foreign investors, already disenchanted with India, head for the door.
Anonymous Coward
User ID: 433811
New Zealand
12/13/2011 06:09 PM
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Re: Why cannot earth folks envision a world without MONEY!
OP you are just a new age communist.What are you doing in 'real life' to promote your ideals.I assume you do nothing but expect 'some people' to do it for you.There are some organizations similar to your ideals with secret agendas such as global dictatorship.I fear that they'll lure many sheeple like you in to their trap and accomplish their goals by using people like you.
 Quoting: Corvus 7064141


What bullshit.
All the voluntary work that is done locally is done by people who have a very good grasp of the NWO and are working to decouple themselves from The Beast.
Manu-Koelbren

User ID: 6793923
Spain
12/13/2011 06:09 PM
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Re: Why cannot earth folks envision a world without MONEY!
Thus automation.
The whole fucking point of progress should be that we should work less.
Everybody wants to work less even you unless you are a masochist.
 Quoting: Shogu666


Friggin automation CANNOT be sustained in global scale and it CANNOT satisfy the global demand.This is a f*cking UTOPIA or should i say DYSTOPIA.Those machines need energy right?What are you planning to run those machines?Will you use your urine instead of oil?Do not even tell me about alternative energies or else i will think you are a ignorant utopian absent of knowledge about physical and thermodynamic laws.
 Quoting: Corvus 7064141


CHUCKLE
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”
Real list

User ID: 7049451
United States
12/13/2011 06:10 PM
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Re: Why cannot earth folks envision a world without MONEY!
In the 60's I was in a 'combat ready' army armor division. Regular inspections were conducted to insure our readiness, all issued equipment was laid out in a specific manner to be viewed by an officer.

Problem was, there was not always enough to fully equip every soldier. For items we were not issued, we recaived a card to display during inspections.

Now, if called into action, how can I drink from a card that says 'canteen'? Or eat with a card that says 'mess kit'? Silly, no?

But what if there are not enough contributers of food to meet the needs of the entire population? They will get a card that says, this entitles you to food when it comes available.

I know, in this fantasy world there will jsu be enough producers. How do I know that? Well, just because.....
Shogu666

User ID: 1217094
Poland
12/13/2011 06:11 PM
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Re: Why cannot earth folks envision a world without MONEY!
Friggin automation CANNOT be sustained in global scale and it CANNOT satisfy the global demand.This is a f*cking UTOPIA or should i say DYSTOPIA.Those machines need energy right?What are you planning to run those machines?Will you use your urine instead of oil?Do not even tell me about alternative energies or else i will think you are a ignorant utopian absent of knowledge about physical and thermodynamic laws.
 Quoting: Corvus 7064141


There is shitoad of energy around us.

According to MIT institute only geothermal power have potential to sustain our energy requirements for thousands of years , i will link source if i must but its a lot of digging and i am not sue if it is worth it, because you seem highly ignorant on many subjects and i doubt it would make any difference.
Real list

User ID: 7049451
United States
12/13/2011 06:12 PM
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Re: Why cannot earth folks envision a world without MONEY!
if I work to produce the food, how is it unfair for you to work to purchase it?
 Quoting: Real list


Because i don't want to eat your chemical/pesticide/GMO food that was cheaper for you produce.

But regardless of what you must do to pay for it, without my food you might not survive. Your life is better because I control a parcel of land.
 Quoting: Real list


No its not.
 Quoting: Shogu666


Brilliant
Shogu666

User ID: 1217094
Poland
12/13/2011 06:13 PM
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Re: Why cannot earth folks envision a world without MONEY!
That's why I'm not so sure about the technology part of your vision; my personal feeling is that our modern technology has done us more harm than good.
 Quoting: sylvie


It is the money that incentive application of harmful technologies.

If we actually were guided by what is useful and good for us outcome would be much different.
Anonymous Coward
User ID: 7006972
Brazil
12/13/2011 06:15 PM
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Re: Why cannot earth folks envision a world without MONEY!
Oh. And there is NO property.

All land belong to god.

It was a gift.

A gift is only sold by those who love money.
 Quoting: Anonymous Coward 7006972


Without mixing god into all of this.

No one created land it was created by nature, thus owning more then you need to sustain yourself and your family is direct insult towards the rest of people that have no land.
 Quoting: Shogu666


Unless you are using that land to improve the human condition. Even if you do this for a profit, if you grow food that people need to survive, where is the insult?
 Quoting: Real list


It's useless to talk with these kind of people. They base their beliefs on emotional idealism, they're like little children who don't understand the world and get angry when things are not the way they'd like.


 Quoting: Manu-Koelbren


It's not based on idealism. (Well, it is since its not reality. Its the ideal.) ONLY.

Its based on FACTS:

None have answered. Why do "freedom loving people" ban?

And:

Kill?

Until then, all be meaningless, utruthfull comments.

For money!

Old I know.

And thats the problem.

In my expressed view.

(When "allowed" by "freedom loving bombing people"!)
Manu-Koelbren

User ID: 6793923
Spain
12/13/2011 06:15 PM
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Re: Why cannot earth folks envision a world without MONEY!
Everybody wants to work less even you unless you are a masochist.
 Quoting: Shogu666

Hell yes.
But it's so much worse when you know that your hard labour is going to feed parasites via taxation to pay of an ever increasing fictional debt.
And if you in Spain think it's any different where you live from where I live or OP lives think again.
The Fed owns NZ, and "our" debt is astronomical.
PIGSNZ.
The point is the techology is available for everyone to live well, not just a privileged few.
Can you imagine what you could do if didn't have to work in some godawful job for the Man?
 Quoting: Anonymous Coward 433811


What could you do? living a life span of average 90 years, by the time you're 20 you know the entire world, you've been in more parties that you can remember, sex already disgusts you from having it so much, then what?

You people really think than having all you want in the world without having done nothing to deserve it amounts to real happiness? Are you that ignorant of the truths of life and human nature?

Without struggle humanity would degenerate in 2 generations, or the machines would take over, absorb us and we'd be only a digitalized memory.
Banned as usual.

“It is far easier to be a weakling than to be a Real Man. Were the Earth less harsh or the circumstances of life less austere, man would destroy himself before the shrine of the languid goddess. Only Real Men can with safety destroy the tangled forests and wilderness of Earth and make from them gardens, but will those who inherit the gardens be Real Men? The law decrees that they must be, or the wilderness will reclaim its own.”





GLP