GREY:STPJF - Post by User
Post by
LeGagneuron Dec 09, 2011 2:39am
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Post# 19306263
What really is money..?
What really is money..?Lots of focus right now all about trying to mend and fix the financial Euro meltdown. Only issue is that no mending in the world can fix these financial constrains as the bottom line question really is all about lack of cheap energy and thus an innability to grow the economic system and thus these financial and fiat currency systems are inable to function as they have been last couple of decades.
This as the current fiat money system really is based on debt and has with it an underlying assumtion of evergerowing, perpetual economic growth.
Economist Jeff Rubin - Oil and The Death of Globalization
Chris Martenson and Alasdair Macleod talk about Peak Oil and the economy
https://www.goldmoney.com/video/martenson-macleod-interview.html
So what then really is money
https://www.youtube.com/watch?v=SJbe1RjAVgs&feature=related
Remember that what we see in regards of gold is not the value of gold going up relative other things it’s the coordinated devaluation of all fiat currencys. Gold protects your purchasing power over time - that's it, nothing more, nothing less.
There is a solution to this debt hysteria our financial system has created and that is that the government makes its own interest free loans and use this to fund mega infrastructure project investments. That then is real investments that will create millions of new jobs stimulate the real economy, give people real wages and income to live of so that they will be able to consume and pay taxes and thus get the deficits in order in due time.
How anybody in their right mind can argue that austerity measures e.g. like laying of jobs, firing fire fighters, social workers, teachers, selling out infrastructure water system, electrical producers will create a healthy society is beyond all sanity. Instead a healthy well educated population is an asset to the society and its business community. So why then reduce spending on schools and Medicare when what should be done is the opposite?
Did you know that for every tax dollar paid in the US some 50% of that tax dollar is then spent on the corporate welfare to the military and security industrial sector?
Now if reduced spending is needed in a society that’s then where you first need to look in order to save in on a deficit. Why then is Medicare and Medicaid the very first thing discussed? Who is dictating that agenda? For sure not the taxpaying people that are supposed to pay more tax and as a thanks for that as well as bailing out banks receives less service, no healthcare, lousy education and more wars. Currently the US is engaged in 6 wars.
In actuality austerity is all about transferring wealth from the society to oligarchs. Anybody the least interested in history knows and understands that empires always die from within because of oligarchy. That was the case in Rome, in China with the Han Dynasty and everywhere else. Now we’re in the very final moments of the decline of the Western empire due to this very same phenomena – oligarchy.
Question - when banks are in a crisis and they need rescue then the government provides for basically interest free loans to the bank. Issue here is that this money then has been horded by the banks in order for them to gradually be able to restructure their finances. This free money received by the bank however has not been distributed out to the real economy creating a real impact on the real economy.
Thus then this anemic economic growth last couple of years. So why then when the state/country is in a crisis are they then supposed to finance their deficits via interest via the international bond markets? Why are they not allowed to finance their way out of this in the very same manner banks are via interest free loans?
We're getting down to the real issue here and that is who is it that creates, controls and manages our money.
In a world ruled by bankers - money is defined as debt and created by bankers. That then is a world of economic booms and busts as it is all based on the false notion exponential growth and interest. In the real biology that phenomena is very temporary as all exponential growth e.g. cancer actually within a short while kills of the host. This is an economy that always crashes in the end in what only can be described as a debt super cycle.
In a world ruled by the wealthy money is defined as wealth e.g. gold. That’s then your feudal society with lords, peasants and serfs.
In a world ruled by the people money is a fiat defined by law and created by the people (e.g. the Treasury) without interest.
You then could argue those in favor of gold as money in fact are and represents the wealthy, not the people.
End Banks Power to Create Money
https://www.youtube.com/watch?v=V_kbyAl3-AM