Godlike Productions - Discussion Forum
Users Online Now: 2,646 (Who's On?)Visitors Today: 505,645
Pageviews Today: 1,669,742Threads Today: 905Posts Today: 19,448
07:45 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

What money really is

 
GROUND ZERO
Offer Upgrade

User ID: 1147282
United States
04/01/2011 03:55 PM
Report Abusive Post
Report Copyright Violation
What money really is
First, here is a small story so you can understand what money is.

Say you're a blacksmith in the 1700s who trades with american indians. You goto the swapmeet to sell your metel tools, you quikly run out of merchendise and don't have time togo get more, but people still want to buy your stuff. So what do you do? you rite the people notes that say you willgive them a specified amount of merchindise in exchange for whatever they gave you. People come to your door in a week with your note and you give them what it says. You find that just bringing notes is much easier than hauling you tools around. So you goto the swap meet with your noted everytime. word gets around that there are notes that are worth metel. peiople who trade with you will trade the notes they got from you with other people, the owner of the metel can change many times before it even leaves your home. people eventualy ecnolage the notes as valuble and use them in trade, after all, it's easier to carry paper then other things.

so now your notes are flying around the culture and many never make it back to you, you have traded paper for horses, cows, chickens, corn, even women, you are a rich man.

That is exactly what banks did in europe at the time. they said this paper can be traded for a certian amount of gold, but people likt the paper cause its lighter and worth the amount of gold it says it is. Banks often handed out twenty times as many notes worth then actual gold they had, but it's ok because most of the notes just went from person to person and never back to the bank.

The system alows people to fund ventures which they can't par for, but can with paper. this system is what aloud nations to fund so many wars. Just like how WE're indept and still spending.
Step aside NASA, GLPs has got this one covered
Anonymous Coward
User ID: 1189285
United States
04/01/2011 04:08 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
Well put!

When the country came off the 'gold/silver' standard, the currency itself now became valueless with the exception of the peoples 'faith' in the trasaction alone!

Image compromising all in life for money! it actually means you sell-out all real value Human aspects for the volume of 'nothingness' in your account...

Very SOBERING information.

We truly are living in a 'fabricated' matrix with surface veneer ONLY.

Walk into an established bank, you know -with the huge humbling marble columns and polish. It is simply a pschological 'ruse' nothing else.

Everything they say they 'bestow', loans, lines of credit etc are nothing the population could of done for themselves. With the exception of 'conveniece' and enslaving the population thru the horro of usuary. Paying back when will never be created, the amount of 'interest' paid back to the bank that simply entered a line item on thier ledger.

The shock! the horror, the realization of being an absolute dupe.
Anonymous Coward
User ID: 1391495
United States
05/20/2011 10:28 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
Money= energy
GROUND ZERO  (OP)

User ID: 1147282
United States
08/12/2011 05:01 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
money!
Step aside NASA, GLPs has got this one covered
Anonymous Coward
User ID: 1472919
United States
08/12/2011 05:02 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
Money is lubricant for the machine.
Anonymous Coward
User ID: 1448185
United States
08/12/2011 05:07 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
Money=debt
Anonymous Coward
User ID: 1503031
United States
08/12/2011 05:31 PM
Report Abusive Post
Report Copyright Violation
Re: What money really is
Using OP's story, another way to say it is, monet REPRESENTS wealth. Cuz a note entitleing the bearer to 10 knives represented the value, or wealth of 10 knives.

2 points. 1: There are people who believe if there were no money there would be no greed or outcomes of greed (war, theft etc). Simply not true because money represents wealth, get rid of money and the wealth still exists.

Point 2: In OP's story a ten knife will always be worth 10 knives. And most likely the blacksmith would deliver on demand the 10 knives as described. In todays economies the value of the money can be changed to respresent 9 knives, or fewer, even if it was worth 10 when you got it. Or it might be made to represent 10 knives of leser quality than promised.

Even though money today has no gold backing, we still assign a certain value to it. $1 is worth a certain amount of work, maybe 5-6 minutes for an average factory worker. It also has the value of a certain amount of merchandise, maybe 1/2 loaf of bread. That is all good until the value is changed.

If you earn $1 today for 5 minutes of work, and save it for 10 years, then you might only be able to buy 1/4 loaf of bread. By the same token, you should be able to earn $1 for 2.5 minutes of work. So you repay long term debts with 2.5 minutes of work and the guy you paid cann't buy the same bread as when he loaned it out.

Yea, sounds complicated maybe. But that is the way of modern economy.





GLP