I have a question regarding "money"

[typenicknamehere]

ok ,I might not be that educated on how the whole system works involving money, so this might be a silly question ,here goes,

If we become a cashless society, money in the end will not be real in the sense that it will only be digits on your account right?

so for example when you borrow money from the bank all they would do and maybe do now is type 5000 onto your account, when they lend you $5000 its not as though physical cash somewhere is being taken and put into a vault with your name on it ,so If this is right why would they make you work harder to pay interest on money which is just typed onto a screen ,cant they just type the interest on top of the $5000 ,cause if we are to become cashless then its all digital and unlimited ,isnt it?

in the end if we are all cashless and money becomes digital, why cant everyone just get paid ridiculous amounts of money for working then we would all be rich and happy if its just digital then its unlimited ,

I could be completly wrong, can someone explain to me how this thing works or is going to work

[boots]

Unlimited amounts of money sounds good but everyone going to want another car, house, boat, bigger TV, bike, more expensive food, more holidays, less work so they can enjoy those things...But somebody has to do a lot more work to supply those things and more resources.

There's a solution but what??

.

[forza nascosta]

ok ,I might not be that educated on how the whole system works involving money, so this might be a silly question ,here goes,

If we become a cashless society, money in the end will not be real in the sense that it will only be digits on your account right?

so for example when you borrow money from the bank all they would do and maybe do now is type 5000 onto your account, when they lend you $5000 its not as though physical cash somewhere is being taken and put into a vault with your name on it ,so If this is right why would they make you work harder to pay interest on money which is just typed onto a screen ,cant they just type the interest on top of the $5000 ,cause if we are to become cashless then its all digital and unlimited ,isnt it?

in the end if we are all cashless and money becomes digital, why cant everyone just get paid ridiculous amounts of money for working then we would all be rich and happy if its just digital then its unlimited ,

I could be completly wrong, can someone explain to me how this thing works or is going to work

You haven't taken the bankers greed into account. They want to make money on money that never existed in the first place.

They turn nothing into something.

[bowtiedaddy]

ok ,I might not be that educated on how the whole system works involving money, so this might be a silly question ,here goes,

If we become a cashless society, money in the end will not be real in the sense that it will only be digits on your account right?

so for example when you borrow money from the bank all they would do and maybe do now is type 5000 onto your account, when they lend you $5000 its not as though physical cash somewhere is being taken and put into a vault with your name on it ,so If this is right why would they make you work harder to pay interest on money which is just typed onto a screen ,cant they just type the interest on top of the $5000 ,cause if we are to become cashless then its all digital and unlimited ,isnt it?

in the end if we are all cashless and money becomes digital, why cant everyone just get paid ridiculous amounts of money for working then we would all be rich and happy if its just digital then its unlimited ,

I could be completly wrong, can someone explain to me how this thing works or is going to work

Because if I can make 1 million dollars an hour, and that is the going hourly rate...a gallon of gas will probably cost a quarter of a million dollars...and then that million dollars will be worth shit, while the gold and silver that the elites own will be worth, more and more and more as the fake currency is devalued, making them richer and richer as there is not much inflation in gold (we've found most of it that's to be found).

Then, when something happens like a solar flare, or an EMP bomb by an enemy country... bam.. You are financially deleted and your wealth is nill... while all of those folks who had gold and silver are living the high life.

It's the difference between owning limited resource assets and something made up out of thin air. We're already in a system like that, but at least it's physical at least in partiality. Also, just imagine how the elites could just delete your assets in a second if they didn't like you. Currently, you could still horde a great deal of cash in your home and they'd have to physically break into your house to get it.

[typenicknamehere]

You haven't taken the bankers greed into account.

greed" I already know about, I was putting that aside to seek other reasons, I was just thinking its basically greed that is holding everyone back from not being poor , its possible to make everyone rich without others lossing out ,but again it comes back to wanting money and power ,is that pretty much it?

[dlb2007]

truth is, they want it that way, why?

Slavery!!

There is no difference from the black man in chains getting a loaf of bread and a shack for picking corn, to the whole human race getting permision slips (paper money) or permision via computer.(digital money) to own a house or a car or etc for doing X job for the masters.


you are a slave to the Government - YouTube

[h1s_l0rdsh1p]

ok ,I might not be that educated on how the whole system works involving money, so this might be a silly question ,here goes,

If we become a cashless society, money in the end will not be real in the sense that it will only be digits on your account right?

so for example when you borrow money from the bank all they would do and maybe do now is type 5000 onto your account, when they lend you $5000 its not as though physical cash somewhere is being taken and put into a vault with your name on it ,so If this is right why would they make you work harder to pay interest on money which is just typed onto a screen ,cant they just type the interest on top of the $5000 ,cause if we are to become cashless then its all digital and unlimited ,isnt it?

in the end if we are all cashless and money becomes digital, why cant everyone just get paid ridiculous amounts of money for working then we would all be rich and happy if its just digital then its unlimited ,

I could be completly wrong, can someone explain to me how this thing works or is going to work


You're missing the point though. It will not be money, it will be credit.

[cruise4]

Bottom line: Poverty is nothing to do with money. It's to do with 'RESOURCES'. This is the be all and end all of the economic slave system. Deal with this aspect or deal with nothing.

[demise_of_time]

Money = fail.

[lupus]

Money at its most basic is a store of the value of goods or services. If money is created on a computer screen it is because you agree that it is worth your time and effort. likewise if you are credited with a loan at interest it is because you can take that loan and utilize it productively in order to repay the interest and principal or will commit your wages earned in the future to service the loan so you can have something now.

I think you are falling down in your understanding in the same way that the banks have : namely equating figures on a computer screen with real wealth when in actual fact the work will still have be done and if the work that needs to be done to balance the debt seems to be out of scale you get defaults, hence the banking collapse and "credit crunch"

Does this help?

[jiffy]

Over 95% of money is already an electronic credit, there is very little "real" hard currency.

As already been said, if the government just printed tonnes of monies to pay everyone more then what you had would just be worth less, that's what Inflation is!!

Fractional Reserve banking is make believe, if it wasn't then the US/UK Government's would be taking the banks gold as deposits for all the monies they are borrowing.

Instead the Government gets "CREATED" shares which really means the Government has taken peoples promises to pay ie debts to the bank as security, which perversely is why the bank's are in the mess there in. All the Governments has done is replicate the problem.

Its the blind leading the blind!!!!!