money doesn't exist...
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- GeorgesII0
Zeitgeist is psyop at his finest
we don't want to be govern by crooks, but let be govern by computer/robots. lets trow in some esoterism so the gentile will think they're free
- RustyStew0
Well one fact is unarguable, and that is that...money is what we make it and right now we have a system of fiat currency. A system in which human intervention plays a role in the actual value of currency. That's bad news, and the reason for our recent economic troubles. But wait! We can abolish the dollar fiat currency in place for a world fiat currency, nothing will change and the controllers of the new currency will have an even greater potential to damage the world economically.
- shitehawke0
Money does exist, I have some in my wallet.
*checks wallet.
- *shakes wallet franticallyCarl_Weathers
- actually, thats a false claim, payday is not till thursday. *check wallet.shitehawke
- felizfeliz0
when money was first invented. it was as an exchange. a barter system.
i think it'd be good to go back to a more simpler sense of money.
I'll make a website for some gold coins, for which i can exchange for food or a patch of land... you make apple mac laptop i'll give u gold coins. etc...
but u can see how's it'd get complicated and perhaps why it's so complicated now.
- Claymantis0
This conversation doesn't exist, its just a light project.
There are so many things in this world that don't "exist"
- plash0
people are killing for it. taking life away for it.
it exist.
- The killing exists and the idea of money exist. But money doesnt existClaymantis
- we make it real. just like the idea of god.plash
- Carl_Weathers0
I'm interested in the fact that if a dollar is created by A Central banks etc) and given on loan to B (other banks, nationalities etc) under the agreement of a percentage extra, where does this extra come from when it doesn't exist?
- value creation, by using the money to pay people to create something usefulribit
- quamb0
trading money / exchange rates --- $$ can be made from nothing - just numbers on a system somewhere.
strange concept.
- TheBlueOne0
Why is this so strange? It's just humans assigning value to something. Someone once came up with the idea that "my shiny rock=two of your bananas". That was completely made up. Somebody probably came along and said, "That poor fool just said he would give me that shiny bit of rock for my two bananas? What a moron? He just made that up....besides I can't eat the rocks..." Of course, that person didn't grasp the tool of "money", which had just been invented. It proved to be popular and useful. We have moved beyond assigning various shiny rocks a relative value to other goods and moved on to assigning virtual chits in an electronic storage medium the same essential role, the plus side being I don't have to carry a huge pack of shiny rocks with me when I travel on airplanes.
Money was always relative and the values and exchanges could always be manipulated. But go on and act like you've just been privy to some "long dark secret". Please, continue with your conspiracy theories and what not. It keeps me amused.
- My shiny rock is worth at least 3 bananas you robbing bastard!stem
- I sold it for two this morning to that scheming whore of a wife of yours..TheBlueOne
- stem0
I think what is scaring a few of the "conspiracy theorists" on here is the idea of fiat money. The fact is we are all part of the "economic machine". Governments, irrespective of their ideologies, can influence and be influenced by market forces... Why?
Because market forces and therefore the economy are driven by human actions.
Without sounding patronising, I don't see what there is to not get?
- I get it, but "fiat money" in function is just as prone to manipulation as what came before...TheBlueOne
- ..despite what they want to believe...TheBlueOne
- ..the monetary system is ALWAYS manipulated by the powerful for their ends..TheBlueOne
- Whether it's "fiat currency", gold or a huge pile of grain...TheBlueOne
- stem0
The monetary system is ALWAYS manipulated by EVERYONE for their end...
- TheBlueOne0
I think it all goes back to Isaac Newton when he took the nascent British Empire off the Sterling Standard and imposed the evil "gold standard":
http://www.umich.edu/~ece/studen…
e.g.: " In England, the standard of money had always been based on silver. However, with the introduction and subsequent widespread use of the Spanish guinea in the late seventeenth century, England was forced to assign a value to the gold coin. The chart to the left shows the worth of silver relative to gold in the early years of the eighteenth century. The Spanish took advantage of the conversion to import silver bullion and exchange it for gold. Under English law, precious metals could be exported in the form of bullion or foreign coin, but not in coins of the realm. However, the opportunity remained irresistible, and many “money jobbers” and “exchange dealers” melted the heaviest silver coins available to export to India and Japan. In 1712, Sir Isaac Newton declared, “gold in England is overvalued in proportion to silver ... and this excess value tends to increase the gold coins and diminish the silver coins of this kingdom.” However, Newton’s proposed remedies were ignored until 1717, when the guinea was revalued from 21s 6d to 21s. Still the measure did little to stifle the drain of English silver to foreign countries. It was a practice that was neither curtailed nor compensated for in the eighteenth century."
*this is posted in snark. money and it's valuation has always been invented and manipulated as circumstances allow. I can also go back to Nero debasing the Roman currency if you like. Although the medium has changed (and admittedly, thanks to technology, the sophistication and speed of said manipulation) the reasons and methods for such monetary chiccanery are as old as the admonitions against usury (charging interest on loans, thus creating "money from nothing") in Leviticus in the Old Testament four thousand odd years ago.
- rabbit0
you guys can talk it over, whilst i continue to stack my gold bullion :)
btw, i protect my precious metals, with lead ;)
- So you ARE the crazy old coot out behind the woodshed...TheBlueOne
- aahhaharabbit
- stem0
Currency has never been simple, because you have human emotions involved and people tend to be selfish (to a greater or lesser degree).
Wherever human emotions are involved, you have uncertainty and unpredictability. Then you've got all sorts of emotions going off...fear, confidence, optimism...
Humans have tried to attach tangible signifiers to currency, such as gold. However, nothing works in isolation and the value of gold is affected by the price of everything else. These prices are determined by humans and not the metal itself.
- plash0
"man knows the price of everything but the value of nothing"
- Wise words.TheBlueOne
- "...until it is too late."TheBlueOne
- stem0
This is a great illustration of human and environmental factors at work in economics.
The Economist's Big Mac index is based on the theory of purchasing-power parity (PPP), the idea that exchange rates should move to equalise the prices of a basket of goods and services across different countries. Our basket is the Big Mac. For example, the cheapest burger in the chart is in China, at $1.26, compared with an average American price of $3. This implies that the yuan is 58% undervalued relative to its Big Mac dollar-PPP. On the same basis, the euro is 25% overvalued, the yen 17% undervalued.
Q. So what is the "True Value" of a big mac?
A. Depends how hungry you are...- I pasted that from http://www.economist…stem
- The Economist is a neo-liberal apologist rag though...look at the violence inherent in the system!TheBlueOne
- interesting.DrBombay
- The Economist rocksplash