Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.
-Margaret Mead
Who and how should be money created?
What should be in essence?
Let's find it out together!
@dzwiedziu @aral Hi! Yeah, I do! Here are some others http://endthefed.org/books/
Cheers!
@aral @pinguino @[email protected] @freakyselena Which is beyond bizarre. Why do we keep using this outdated, dangerous Ponzi scheme? In my opinion just because the vast majority ignores these facts. Taking money for granted is a manufactured thought.
Cheers :)!
@pinguino @[email protected] @freakyselena @aral
Every type of theory that tries to fix this capitalism thing will fail, every single one. They just not address the root cause, which is, money is created by private corporations that we call banks, without any valid argument. This is like asking to Mcdolands for a billion USD to fix the economy. We are owe by a handful of people just because we ignore this little fact.
Every digits belongs to them. Money is just debt.
@dzwiedziu @aral Yes, to a certain degree. A medium of exchange. But what's really in essence is debt, debt to a central bank hence debt to a corporation profit driven. Abraham Lincoln understood this, created the Greenbacks to take the power to create money from Banks, he got killed.
Money is debt to a handful of humans, just because so. Nothing more, nothing less.
#capitalism
The above ‘banker’s privilege’, recently admitted to by the Bank of England and subsequently affirmed by the Riksbank (Sweden’s central bank) and the Swiss National bank is all that is needed to correctly understand what money is in the current system — principal debt
to a bank. Central bank reserves
are principal debt to the central
bank. “Money” is principal debt to
a commercial bank.
-Paul Grignon
@quinn Well, sadly it's just another symptom of our social disease called monetary system. Almost everyone ignores the fact of how is money created, who creates it and what's really in essence, yet it's the fundamental pillar of our society.
I mean, inflation it's the most normal thing in the current set of rules, and necessary to keep the wheel moving.
No policy will fix this, this is above all, just a human consensus will.
How is the money created and who creates it?
