h1s_l0rdsh1p
24-10-2007, 04:54 PM
Starting a "Monetary Reform" group.
Sure, this may sound to some as a very odd way to change the entire world, but let me exaterate alittle on the topic.
Now, we all know "money makes the world go round". This is a "fact" that we learn as children. We are always taught that money is good, but never taught of how it truely works. Or why money works the way it does.
I watched the video last night of "Money as Debt", and it was one of the most enlightening videos I've ever seen.
You see, it occured to me, that if you reform how the monetary system works, so that it's fair, balanced, and the world economy isn't run as a balancing act of having the world debt just abit higher than the ammount loaned, then you could change the world.
Governments constandly borrow money and use it on businesses that produce war. Why?
These businesses have a debt that needs to be payed off aswell, so do these countries. However, if they don't loan enough money, then the currency starts to get weaker. If they loan too much, it still gets weaker. However, if they try to pay off the debt, then the entire economy crashes.
It's because of how fiscal money works. Let put it into the sense of people.
Bank = Bill
Buyer/Loaner = Dave
Seller = William
Now, Bill has 100 dollars worth of gold. Dave wants to buy a computer screen of 500 dollars. Now, according to "the law", Bill is allowed borrow out 9 times the ammount of what he actually has.
STOP!
Let me re-post that.
Now, according to "the law", Bill is allowed borrow out 9 times the ammount of what he actually has.
WTF... But yes, that's the truth. A bank is allowed to borrow out more than it has. But back to the story.
So, Bill gives Dave 500 dollars, on the account of, if Dave can not pay back the loan, with interest (interest because Bill is taking a RISK with invisible money), then Bill gets any property Bill sees fit as payment, the computer screen.
So, Dave buys the computer screen.
Now, William has 500 dollars, and gives it to bill for safe keeping. Bill is glad to take care of this money. But now, Bill is allowed to loan out 9 times the ammount he has now, so now he can loan out 4,500 dollars!
Bill is going to be getting the 500, plus 10% interest every year it takes Dave to payback of the money he never really lent out.
This is how banks really work.
If you ever go to a bank, and you have 50,000 dollars in your account, you will never be able to get it back, because they don't have it. They lent it out to someone.
So the conclusion is, is that they only way the economy can work as it does, we have to constandly borrow money, but never too much. So a balancing act of credit is played on our parts.
If we were to decide to change this, and make so that money that doesn't exisit could not be spent, then I think that there would be atleast a 70% drop in wars around the world, and that businesses would no longer be able to steal from people any more. And to pay off anything with interest, taxes could be used, instead of the interest. Or, use interest and no taxes.
What do you all think?
Sure, this may sound to some as a very odd way to change the entire world, but let me exaterate alittle on the topic.
Now, we all know "money makes the world go round". This is a "fact" that we learn as children. We are always taught that money is good, but never taught of how it truely works. Or why money works the way it does.
I watched the video last night of "Money as Debt", and it was one of the most enlightening videos I've ever seen.
You see, it occured to me, that if you reform how the monetary system works, so that it's fair, balanced, and the world economy isn't run as a balancing act of having the world debt just abit higher than the ammount loaned, then you could change the world.
Governments constandly borrow money and use it on businesses that produce war. Why?
These businesses have a debt that needs to be payed off aswell, so do these countries. However, if they don't loan enough money, then the currency starts to get weaker. If they loan too much, it still gets weaker. However, if they try to pay off the debt, then the entire economy crashes.
It's because of how fiscal money works. Let put it into the sense of people.
Bank = Bill
Buyer/Loaner = Dave
Seller = William
Now, Bill has 100 dollars worth of gold. Dave wants to buy a computer screen of 500 dollars. Now, according to "the law", Bill is allowed borrow out 9 times the ammount of what he actually has.
STOP!
Let me re-post that.
Now, according to "the law", Bill is allowed borrow out 9 times the ammount of what he actually has.
WTF... But yes, that's the truth. A bank is allowed to borrow out more than it has. But back to the story.
So, Bill gives Dave 500 dollars, on the account of, if Dave can not pay back the loan, with interest (interest because Bill is taking a RISK with invisible money), then Bill gets any property Bill sees fit as payment, the computer screen.
So, Dave buys the computer screen.
Now, William has 500 dollars, and gives it to bill for safe keeping. Bill is glad to take care of this money. But now, Bill is allowed to loan out 9 times the ammount he has now, so now he can loan out 4,500 dollars!
Bill is going to be getting the 500, plus 10% interest every year it takes Dave to payback of the money he never really lent out.
This is how banks really work.
If you ever go to a bank, and you have 50,000 dollars in your account, you will never be able to get it back, because they don't have it. They lent it out to someone.
So the conclusion is, is that they only way the economy can work as it does, we have to constandly borrow money, but never too much. So a balancing act of credit is played on our parts.
If we were to decide to change this, and make so that money that doesn't exisit could not be spent, then I think that there would be atleast a 70% drop in wars around the world, and that businesses would no longer be able to steal from people any more. And to pay off anything with interest, taxes could be used, instead of the interest. Or, use interest and no taxes.
What do you all think?