I stopped watching when I saw today's fiat debt based usury system labeled as "real money". Let's not pretend we have a working financial system in place.
I see you don't need others to tell you to do that. I've researched the topic and I have a fairly good idea what money is, what it isn't and how is it made.
If money is not backed up by value it's not real. The trillions being printed in excess are not backed up by existing value, they are credit given by the Fed and the Central banks to the governments. They ultimately devalue the existing money through inflation - basically it's theft of value people have generated through their work. You don't have to be a financial genius to realize the money you've saved 20 years ago lost half of their value.
There is a list of characteristics of money. Generally a store of value and a unit of account. Good money is transportable, divisible, durable, limited in supply and accepted by others as a medium of exchange. There are other considerations as well, but having intrinsic value or being backed by some real commodity is not among them
It should be stable, but money has a "time value." What that means is that the present value of some amount of money has more value today than the future value of the same amount to be received at some future date. That's because in capitalism you can use that money today as capital to realize earning potential. This is even ignoring the risk that you won't even receive the promised money due to unforseen factors.
Regarding stability, intrinsic value/commodity backing adds another factor of instability, e.g. it being profitable to melt coins for the metal.
You have posted this in a way that makes it impossible to like, share or subscribe. It likely doesn't even count as a view when posted in this manner.
Conspiracies.win link post:
What BlackRock Has Planned Is WORSE Than A Crash... Whitney Webb's Last WARNING https://conspiracies.win/p/17txaW3LkK/
I stopped watching when I saw today's fiat debt based usury system labeled as "real money". Let's not pretend we have a working financial system in place.
Don't allow others to tell you when to thought terminate. Of course money exists and it is real.
I see you don't need others to tell you to do that. I've researched the topic and I have a fairly good idea what money is, what it isn't and how is it made.
If money is not backed up by value it's not real. The trillions being printed in excess are not backed up by existing value, they are credit given by the Fed and the Central banks to the governments. They ultimately devalue the existing money through inflation - basically it's theft of value people have generated through their work. You don't have to be a financial genius to realize the money you've saved 20 years ago lost half of their value.
None of that makes it not money.
What's your definition of money?
There is a list of characteristics of money. Generally a store of value and a unit of account. Good money is transportable, divisible, durable, limited in supply and accepted by others as a medium of exchange. There are other considerations as well, but having intrinsic value or being backed by some real commodity is not among them
Should good money retain their value?
It should be stable, but money has a "time value." What that means is that the present value of some amount of money has more value today than the future value of the same amount to be received at some future date. That's because in capitalism you can use that money today as capital to realize earning potential. This is even ignoring the risk that you won't even receive the promised money due to unforseen factors.
Regarding stability, intrinsic value/commodity backing adds another factor of instability, e.g. it being profitable to melt coins for the metal.