Money

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Thomas Hedin's picture
Thomas Hedin
Status: Platinum Member (Offline)
Joined: Jan 28 2009
Posts: 815
Money

The mass public have been fooled with all the talk about different kinds of money.

However, when one scrapes away all the fluff and spin, money is nothing more or less than a man made tool, a tool which should only be used to enchance fair and honest trading of goods and services more quickly and convenienty than could be done without using that tool.  Money like all tools can be used for good purposes or for evil purposes.  Money can be a tool for an honest medium of exchange or for an evil tool for theft by deception as it is now.

Fire is an example of something that man uses.  When used properly it is very useful.  Used wrongly or let get out of control fire can be a very destructive force.

Money, like fire, when used wrongly and put into circulation under the wrong principles, can be a very destructive force for the many and a very enriching force for a few.  However, unlike fire, the destructive force of money is very hard for most people to see and understand.

Most of the things we see happening in our economy are not really strange, complicated, mysterious nor driven by some unseen hand of complex market forces.  These economic happenings are simply an outgrowth of basic economic laws and traditions that have been perverted to form a destructive debt ridden life for most people.

What is it about the money we use, that puts us collectively trillions of dollars in debt while we are constantly and collectively producing wealth?  What effect do all these trillions of dollars of and the interest on it have on America's spiritual, physical, moral, and financial wealth?

John Maynard Keynes, who's ideas had a strong influence on economic think said, "There is no sublet, no surer means of overturning the exsisting basis of society than to DEBAUCH (to corrupt) the currency.  The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which only one man in a million is able to diagnose."

The only way money can be debauched is to change it from a representation of wealth to a representation of interest-bearing debt.  This is exactly what fractional banking has done to money.

 

I hope someone finds this posting to be of interest.

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Money

Thomas,

You are swimming upstream against public perception.  The concept of money has been distorted by our educational system, the news, pundits and politicians.  I think that people must forget what they have been told about money and should start at the very beginning with the fundamentals that you offer.

It is odd that our society seems to accept Keynesian economics while the track record for this "theory" is horrible at best.  One reason is that the Keynesian's have created myths that denigrate alternative measures.  For example, according to the Keynesian's (include Austrians here too) government cannot be trusted to issue it's own currency.

This is an obvious distortion of the fact that private banks have been responsible for every depression and debauched currencies.  History tells us that the Wiemar republic style hyper-inflation scenarios were caused by private banks - not government!  The other point history is very clear on is that the central bankers have caused wars, assassinated leaders and destroyed currencies all in order to keep their stranglehold on their money-making-monopoly.

Larry 

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