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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
What I Want Is Money

WHAT I WANT IS MONEY

Money in of itself is an abstraction of a unit of value. The only thing that humans decided long ago to consider as having a real value was Gold and Silver. Primarily because it is a relatively rare commodity that is immutable over time. Paper or its digital counterpart is a further abstraction, that at first was tied to a unit of Gold or Silver. Then politically the decision was made to detach the physical unit of Gold or Silver from the paper currency. The political decision is based upon the mindset of the people/society of the time. The institution in of itself is neither good nor bad it is how it is run by the people/society and people at the helm of the institution. The FED and other central banks role is to insure that the modern economic system remains in equilibrium and is thus remains operational. Everybody at this point in time at some level understands that, what the central banks and even political systems are doing to keep the economic system operational is not sustainable for any great length of time. The construct of the Global Economy of Scale in of itself was flawed and is now not operational and is only kept from collapsing by using the artificial construct of using the abstraction of money.
Ultimately there is going to be a reversion to the mean of human history. This modern construct of society with all of its scientific and technological amenities is headed for the ashcan of history.
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Old 10-24-2020, 02:09 PM
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