What we use now is not actual money...

What we use now is not real money. It is paper backed by government force and not something which would originate in the free market. It is not money.

Money is a market phenomenon. It is a natural product of when free people are engaging in trade. Here is a talk on what real money is.



It is a return to capitalism which is the answer not the problem.

reply to post by crankySamurai

If it's not real money, can I have yours?

lol yeah feel free to paypal me all your fake money, bro

reply to post by paradox


I have more than you would know what to do with bud...

reply to post by crankySamurai


I think I will manage

Originally posted by crankySamurai
reply to post by paradox

 

I have more than you would know what to do with bud...

Keep telling yourself this and keep going down to the store and exchanging this stuff which isn't money for goods with value. Money is anything that is commonly used to facilitate exchange.

reply to post by paradox


Its funny people are looking all over for answers to the economic and government problems we are facing. Well the answers are right in everybodies faces but few care to look.

Well ill tell you that understanding what money actually is and how it originates in a free market is a great start for figuring out this mess. I hope you take a look.

reply to post by sligtlyskeptical


It's used because its enforced by law... It has no intrinsic value.

It is this fiat currency which is the very tool that is used to loot wealth from people. Rising prices? A known product of increasing the fiat money supply. This is theft... The money that is being used is a tool for theft.

It is not real money....

reply to post by crankySamurai


you are a little late figuring this out.
The Real money went away when they stopped
backing the dollar with gold/silver.
I.E. Silver certificate notes.

If it was "real" money, they would not be able to print
$80 plus million/billion a month for QE3

Money is a medium of exchange, a measure of value and a store of value. Our currency (currently fiat backed since we no longer circulate specie minted with precious metals) meets the definition of money in the first two criteria....but alas not the "store of value" requirement (as evidenced by the constant erosion of value since the creation of the Federal Reserve Board to oversee our money).

Originally posted by crankySamurai
It is a return to capitalism which is the answer not the problem.

No, capitalism is capitalism, as long as the means of production are privately owned it doesn't matter what they do it is still capitalism.

The term capitalism was coined by the French Socialist Louis Blanc and he defined it as "the appropriation of capital by some to the exclusion of others." It was later refined to 'the private ownership of the means of production".

The only way to make capitalism more fair is more government oversight. Something I think none of us want?

Money is a tool of control, it's what keeps those at the top at the top, and those at the bottom on the bottom.

reply to post by ANOK


You didn't even look at the video.. Why bother commenting? How about you watch some of it and find out what im talking about before you try to answer me.

The very thing that makes capitalism unfair is government "oversight".

That's strange. I went Christmas shopping yesterday and spent about $600 on ACTUAL gifts for family and friends. I just wrapped them with ACTUAL wrapping paper too! I also just ACTUALY donated $200 to a local charity. I wonder if they will be able to use it for an ACTUAL cause or if it wont ACTUALY be useful to them.

reply to post by ghoulardi


Historically money has been a tradable good resulting from market processes. The good had intrinsic value and was a widely accepted good.

It is really only since 1971 that money has been something of total fiat. Worthless paper. This is not what a currency is.

Originally posted by crankySamurai
You didn't even look at the video.. Why bother commenting? How about you watch some of it and find out what im talking about before you try to answer me.

The very thing that makes capitalism unfair is government "oversight".

I don't need to watch your capitalist biased video to know it's BS.

Government oversight makes capitalism unfair to capitalists because they want the freedom to exploit without oversight. Without government oversight it becomes a problem for non-capitalists. Capitalism IS exploitation and without government there would be nothing stopping people being made slaves.

Who guarantees you do not have to work more than 40 hours without overtime? Who guarantees you weekends, holidays, health care etc. It's not capitalists.

You only have to look at the history of capitalism to know what it would be like with no government oversight.

BTW all those gains workers have, overtime pay, weekends etc., were bought to you by UNIONS, and kept in place by the government.

Capitalism without government oversight is dangerous and stupid.

reply to post by crankySamurai


If it's worthless then why do I bust my ass to earn it then trade it all in to feed and shelter my family? It must be worth something. If it was worthless then I dont think you would have a computer and internet to post what you think your saying.

reply to post by ANOK


Your arguments are open and worthless. The information you present in favor of socialism is erroneous and its proponents mixed up.

Your Chompsky video was full or contradictions and presented no real information other than how terms have become redefined.

I picked apart your resources and showed their ridiculous arguments. You had no response in defense.

This video stands in argument for the free market and real money. I hear no rebuttal because there no rebuttal you can make against it.

Continue to deny reality but you do it at your own risk.

reply to post by ghoulardi


Computers and the internet are a result of business and productive people. They have nothing to do with pieces of paper.

That fact that people are trading real wealth for pieces of paper does not demonstrate anything accept a major lack of awareness of what is going on.

Its going to be a tough one to learn and its lesson that China is being taught right now.

reply to post by crankySamurai



I didn't ask that. lol. So do you not participate in the trading of dollars? If so, how do you pay your internet bill?

reply to post by ghoulardi


My savings is in hard assets. I use the dollar but only for transactions. It is loosing value constantly and not a good place to keep a lot of wealth.

What I'm really trying to do though is counter this demonization of money and capitalism which is currently going around.

A real solid currency is crucial for a societies health, but like I said that is not what we currently use.