Are we heading towards a paperless economy?

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DeeG's picture
DeeG
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Are we heading towards a paperless economy?

What frightens me most is that there doesn't seem to be a real explanation as to how our country is still able to ignore the bubble. How are they keeping this "false" economy from publicly collapsing on itself? What will it take for us to REALLY address this problem? Are we simply going to go completely paperless? Is going paperless a solution to this problem?

Thomas Hedin's picture
Thomas Hedin
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Joined: Jan 28 2009
Posts: 815
Re: Are we heading towards a paperless economy?

Paper, Gold, Silver, is NOT the problem.  The problem is how all money is created and moved into circulation.  Currently all money is created by private commercial banks as an interest bearing loan, and as soon as time and interest kick in the debt grows but the money supply does not.

Going paperless isn't a solution.  The only solution to this problem is to start SPENDING money into circulation instead of LOANING money into circulation as it is done now.

The pyhsical makeup of money really is a non-issue, it's the principles under which money functions.

gyrogearloose's picture
gyrogearloose
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Posts: 549
Re: Are we heading towards a paperless economy?

 

In the old days, money was dug into circulation.

Why do we need to create any more? ( and spending it into existince is just that.)

Money is not wealth.

On a personal level, if you do not have enough money, what are your options?

  1. Dig more into circulation yourself.
  2. Produce more goods to earn more money
  3. Consume fewer goods to as to cut spending
  4. Borrow more money. Have to pay it back later. Or if you default, and you have effectively taken it from someone else.
  5. Build  printing press and create money (stealing from others by deception)

If you choose 4, and default, you are back lower than where you started, and 4 is no longer an option.

If you choose 5, chances are you will end up on an extended all expences paid vacation for a few years....

 

Of course governments usually choose 5

 

Cheers Hamish

 

 

West Oz 9999's picture
West Oz 9999
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Joined: Feb 26 2009
Posts: 53
Re: Are we heading towards a paperless economy?

4."Borrow more money. Have to pay it back later. Or if you default, and you have effectively taken it from someone else."

Just wondering who that someone else is?

Iam not suggesting that i disagree.. Would just like to know how a default is taking money off someone else..

West

 

gyrogearloose's picture
gyrogearloose
Status: Platinum Member (Offline)
Joined: Sep 8 2008
Posts: 549
Re: Are we heading towards a paperless economy?

You took it from the person you borrowed it from.......

If it was from a bank, it is the banks loss, which becomes the shareholders loss, unlees the bank raises fees and interest rates to cover the loss.

Yell so that is why bank charges/interest rates in the USA lately have skyrocketed..............

SmileHave a nice debt!

 

docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
Re: Are we heading towards a paperless economy?

Paperless is because we don't have enough trees to print the money now in circulation.

West Oz 9999's picture
West Oz 9999
Status: Bronze Member (Offline)
Joined: Feb 26 2009
Posts: 53
Re: Are we heading towards a paperless economy?

 

"If it was from a bank, it is the banks loss, which becomes the shareholders loss, unlees the bank raises fees and interest rates to cover the loss.

Yell so that is why bank charges/interest rates in the USA lately have skyrocketed.............."

I see.. As long as the debt based money system is growing exponentially then the too big to fail will always be able to pay their shareholders and themselves bonuses.. And if people do default, bank charges and interest rates will continue to go up.. Meaning the ones left in the system are paying for the loss of others.. OK.. got it..  Iam going to keep paying back debt and encourage others to do so because without people like me the whole system will stop working... If i stop paying then "Gods work" will also cease..

 

SteveW's picture
SteveW
Status: Gold Member (Offline)
Joined: Jan 21 2010
Posts: 490
Re: Are we heading towards a paperless economy?
Thomas Hedin wrote:

Paper, Gold, Silver, is NOT the problem.  The problem is how all money is created and moved into circulation.  Currently all money is created by private commercial banks as an interest bearing loan, and as soon as time and interest kick in the debt grows but the money supply does not.

And now after over 300 years of the Bank of England and almost 100 years of the Federal Reserve the global debt has grown so huge that it has "hit the wall", to use a vernacular expression.

compinthegroove's picture
compinthegroove
Status: Silver Member (Offline)
Joined: Nov 8 2009
Posts: 113
Re: Are we heading towards a paperless economy?
DeeG wrote:

What frightens me most is that there doesn't seem to be a real explanation as to how our country is still able to ignore the bubble. How are they keeping this "false" economy from publicly collapsing on itself? What will it take for us to REALLY address this problem? Are we simply going to go completely paperless? Is going paperless a solution to this problem?

1)  Wall Street buys Washington.  Politics are now one freakshow among many to choose from when flipping through the channels.

2)  Once the politicians are on the dole, it's no problem to change accounting rules and refuse to acknowledge reality.  If a tree falls in the forest and no one hears it...

3)  Distract the financially literate by creating monetary inflation and deflation simultaneously.  Main Street gets pummelled by deflation, while all the newly "printed" money goes to those who already swim the vaults like Scrooge McDuck.  Gold Bugs and Elliot Wavers wage their battles in the blogosphere, sweeping all the noobs into the confusion.

#3 is the kicker.  Gold and silver prices are based on the futures market, which is just an exchange of paper promises to the physical bullion.  People trade promises to the real thing, not the real thing itself.  Likewise, bank credit is just an electronic promise to the cash in the vault.  Either way, if you can't hold the real thing in your hand, you're stuck with an unfulfilled promise.  Either way, the promises vastly outnumber the physical money, whether it be paper cash or precious metal bullion. 

By now it should be apparent that the paperless route is EXACTLY what the bankers want.

DmaxSilver's picture
DmaxSilver
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Joined: Apr 20 2009
Posts: 24
Re: Are we heading towards a paperless economy?

I'm just say'n

Revelation 13:16-18
And he causeth all, both small and great, rich and poor, free and bond, to receive a MARK in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the MARK, or the name of the beast, or the number of his name.
Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. Rev. 13:16-18

If our economy was put in a position where the dollar is trashed, taxes had to be raised and a new structure had to be created . . . digital money via an RFiD  type insert would be a possibility. If you were "offered" the ability to buy food, energy, housing, etc and only pay a tax of say 4% on EVERY transaction you and every one else made, would you do it. If things got that bad, the masses would have to do it. I know, I know . . . mad max kind of stuff, just say'n. 

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