What money really is | |
Anonymous Coward User ID: 1189285 United States 04/01/2011 04:08 PM Report Abusive Post Report Copyright Violation | 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 | |
GROUND ZERO (OP) User ID: 1147282 United States 08/12/2011 05:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1472919 United States 08/12/2011 05:02 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1448185 United States 08/12/2011 05:07 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1503031 United States 08/12/2011 05:31 PM Report Abusive Post Report Copyright Violation | 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. |