Money, What Is It?

[DustyTHc]

Why do we need it? Its just paper in which we say has value. But how can people actually live with having to devote their lives to this legal tender which we call money, Having to work long hard hours for $7.15 or less an hour. That's not work, that's slavery. And everyone who says " Well you chose that route because you did not finish school" Cause most of these jobs besides the medical field and a few others, most of us can do with a right mind and some training. If you really look at things, theirs money, and credit. Money has to be earned but always reaches the amount of zero at some point. Then we have Credit (so called money "Loan"). But It can get you to an negative value. Why make the population, which most are in poverty feel as if they have hope with this credit system when it actually gives them the chance to become in debt. With a world filled with many individuals who have a lot to offer why do we have to count on currency? What if you wanna live an normal life and actually enjoy it and live it, without having worries about bills and how are you gonna get food on the table. Yes the monetary system is kind of good in a way but why are prices for everything sky high? You cannot buy a house without working your whole life to pay it off, then once you pay it off you can't enjoy it because you work all them hard years to make payments plus interest. What if we live in a world where the minimum wage was $30-$60 dollars an hour. Wouldn't you have no problem with working. You'd have something to look forward to. Its not like money is one of the dissipating resources. More can be made without any bloodshed, crime, or corruption. Everyone would be able to live a wonderful life actually worth looking forward to. Everyone will wanna work. Everyone would be happy. Less crime because people wouldn't get forced into a corner. Everyone would get their ends to meet and still enjoy life and have fun. I just don't understand why it has to be so hard. Why have the world run on money, if we have laws. Money Isn't a need. Food is, water is, shelter is. Money just causes problems. The World would be a better place without it. Instead of money it should have been more of a fair trade or something in that nature. We work to keep the products in circulation, that way everyone would get what they like. A This For That System.

 

[TeaTreeOil]

More money means devaluing the currency as a whole.

Most USD currency isn't even physical(paper dollars). It's vastly digital, with no direct backing besides the promise of credit. Credit and money are two sides of the same token in today's world. Depending on how much money a bank has, they can create 10x that, or loan out 9x, as long as they hold onto the original amount. This concept is called fractional reserve banking. It's how credit is created. Technically it's a creation of currency outside the treasury and is unconstitutional.

Interest and credit are the enslavers within the monetary system. As when you introduce interest, you create a system in which has a guarantee of poverty. The rich become richer and the poor become more numerous.

 

[DustyTHc]

More money means devaluing the currency as a whole.

Most USD currency isn't even physical(paper dollars). It's vastly digital, with no direct backing besides the promise of credit. Credit and money are two sides of the same token in today's world. Depending on how much money a bank has, they can create 10x that, or loan out 9x, as long as they hold onto the original amount. This concept is called fractional reserve banking. It's how credit is created. Technically it's a creation of currency outside the treasury and is unconstitutional.

Interest and credit are the enslavers within the monetary system. As when you introduce interest, you create a system in which has a guarantee of poverty. The rich become richer and the poor become more numerous.

The Whole System Is A Waste lol It's Their Plot To Get Richer.

 

[greenleaftoker]

It's true, i've thought about it too.. and i'm sure so have a million other people.

But you also need to realize, that we as humans are very selfish... our entire race, nothing is ever enough, I speak from a general statistical view.

Being an Business major, and studying the way our economy is... We are the reason we go into a recession, we are the reason we go into booms... and the core reason is our unlimited wants and limited resources.

But back to the topic, money is just a form of trading, it was meant to give things value so that it's easier to trade and bargain. How else would get something you want? and there's no way you can agree that our world could work perfectly without money, because as I said...the selfishness won't let it work out, it's almost as if we can't trust ourselves.

But that's nothing to complain about, because it's just human nature.. apart from the few of us that could probably live off what they have and never want more, the majority of the human race suffers from this compulsion of never ending wants.

The U.S itself is in over a 13 trillion dollar debt, how do you do that to yourself? How do we create this object and allow it to empower us to the point that it decides the fate of most human beings. And add to that Mr.Obama's stimulus plan to pull the economy out of recession, though I completely agree with his decision from an economic point of view, why have we come to the point that we have to put ourselves in a deeper debt to get out of the current one?

I don't know the answer... but it's just one of the many unanswered questions of life.

 

[DustyTHc]

It's true, i've thought about it too.. and i'm sure so have a million other people.

But you also need to realize, that we as humans are very selfish... our entire race, nothing is ever enough, I speak from a general statistical view.

Being an Business major, and studying the way our economy is... We are the reason we go into a recession, we are the reason we go into booms... and the core reason is our unlimited wants and limited resources.

But back to the topic, money is just a form of trading, it was meant to give things value so that it's easier to trade and bargain. How else would get something you want? and there's no way you can agree that our world could work perfectly without money, because as I said...the selfishness won't let it work out, it's almost as if we can't trust ourselves.

But that's nothing to complain about, because it's just human nature.. apart from the few of us that could probably live off what they have and never want more, the majority of the human race suffers from this compulsion of never ending wants.

The U.S itself is in over a 13 trillion dollar debt, how do you do that to yourself? How do we create this object and allow it to empower us to the point that it decides the fate of most human beings. And add to that Mr.Obama's stimulus plan to pull the economy out of recession, though I completely agree with his decision from an economic point of view, why have we come to the point that we have to put ourselves in a deeper debt to get out of the current one?

I don't know the answer... but it's just one of the many unanswered questions of life.

True true, Its that we think for the present not the future. And That Stimulus plan will come back to haunt us later on, it sounds good now but when they charge extra tax because of the interest on an 13 trillion loan, we'll really feel it.

We the people should recreated the currency and rebuild the economy. Instead of kiss-asskissing ass.

 

[tnrtinr]

I was just thinking how credit and fractional reserve banking creates incredible amounts of inflation.

For every dollar they create 9, and every one of those 9 dollars deposited they create an additional 9 dollars.

What it has done without us thinking about it is created inflation for several reasons, because people are able to buy stuff now that they cant afford. First the extra money inflates the currency. If those same people had to pay cash for everything there would be much less Q demanded for products which would lower the price, that would reduce the Q demanded for the raw materials which would reduce the price for all of the input materials (which will lower the price for other goods).

 

[SweatyC]

It's true, i've thought about it too.. and i'm sure so have a million other people.

But you also need to realize, that we as humans are very selfish... our entire race, nothing is ever enough, I speak from a general statistical view.

Being an Business major, and studying the way our economy is... We are the reason we go into a recession, we are the reason we go into booms... and the core reason is our unlimited wants and limited resources.

But back to the topic, money is just a form of trading, it was meant to give things value so that it's easier to trade and bargain. How else would get something you want? and there's no way you can agree that our world could work perfectly without money, because as I said...the selfishness won't let it work out, it's almost as if we can't trust ourselves.

But that's nothing to complain about, because it's just human nature.. apart from the few of us that could probably live off what they have and never want more, the majority of the human race suffers from this compulsion of never ending wants.

The U.S itself is in over a 13 trillion dollar debt, how do you do that to yourself? How do we create this object and allow it to empower us to the point that it decides the fate of most human beings. And add to that Mr.Obama's stimulus plan to pull the economy out of recession, though I completely agree with his decision from an economic point of view, why have we come to the point that we have to put ourselves in a deeper debt to get out of the current one?

I don't know the answer... but it's just one of the many unanswered questions of life.

Well said. You took a lot of the words right out of my mouth. I'm a humanitarian all the way, however, I can't deny that our actions (as a whole) mimic that....somewhat, well....of a virus. We choose to consume until all is gone, then move on. American society, in particular, has a well-known history of waiting til something becomes a MAJOR problem before facing it....hence an over 13 trillion dollar national debt.
I'd like to think human ignorance is simply a cultural acceptance, and therefore can be changed.
I choose to live in this capitalistic society, because I love the freedoms and rights I have and want to see them expand and progress. I believe on the surface, money is the root of all evil. But the ulterior motive behind that is human greed, which IMHO is more of an innate form of human conception rather than human nature.

 

[ilkhan]

Yeah SweatyC The Love of money is the root of all evil. Think of the violence in the drug buisness. Is it because of Drugs or money? The Value of most drugs isn't that much but supply and demand exagurate the problem making Drugs highly valuable. Valuable enouph to kill over.

Its interesting that banking and money should be being discussed in the Religion forum.

The Constitution is very clear that only Gold and silver shall be money in the US. Because it has inherant value, unlike paper. All we need to do is follow our own freakin' laws.

 

[hom36rown]

yeah, why not just make min wage, 30 bucks an hour, then everyone would be rich!!! *smacks forehead*. Think about it for a second.

 

[hom36rown]

.

Being an Business major, and studying the way our economy is... We are the reason we go into a recession, we are the reason we go into booms... and the core reason is our unlimited wants and limited resources.

the reason behind these artifical booms, then recessions is our ridiculous monetary policy

.But back to the topic, money is just a form of trading, it was meant to give things value so that it's easier to trade and bargain. How else would get something you want? and there's no way you can agree that our world could work perfectly without money, because as I said...the selfishness won't let it work out, it's almost as if we can't trust ourselves.

basically, it money or the barter system, and its pretty hard to trade chickens for goats.

 

[hom36rown]

I was just thinking how credit and fractional reserve banking creates incredible amounts of inflation.

For every dollar they create 9, and every one of those 9 dollars deposited they create an additional 9 dollars.

What it has done without us thinking about it is created inflation for several reasons, because people are able to buy stuff now that they cant afford. First the extra money inflates the currency. If those same people had to pay cash for everything there would be much less Q demanded for products which would lower the price, that would reduce the Q demanded for the raw materials which would reduce the price for all of the input materials (which will lower the price for other goods).

thats not right. you can make 9 dollars for every initial dollar created, it stops there.

 

[tnrtinr]

thats not right. you can make 9 dollars for every initial dollar created, it stops there.

You are right. I meant .9 each transaction for a total of 9:1.

 

[Dfunk]

The dollar sucks. I do like herb though...much better than that dirty paper!

 

[eduardors77]

just as long as the rich have their yachts and their millions. money will always be money.
unless you know whe realize that the ratio of poor to rich is outragiously to our advantage, then maybe we han revolt againts our oppresed goverment.

 

[taknitEZ95]

Money is our way of saying "we don't belive in the true idea of communism".
the idea that people share everything between each other equally...

Which might have worked, if people werent so naturally corrupt.



peace n good livin'

 

[DustyTHc]

Fuck everything, we can not do anything anymore, we're already too deep in the hole. Maybe in the next life, if theirs one. i see it like this, when we had the chance to change things we didn't, now they're gonna make change for us. Money is money no matter where you go, but the things you can do with money, hey that's the true meaning of money. Now How can we do things when money equals everything.

 

[GrowTech]

Money and the system behind it are more of a leader board of the wealthy that can leverage money, property, and investments to manipulate the system, and the people who are subjected to the policies created by the system. The rich stay rich, and those who aren't at the top of the scoreboard are generally doomed to serve those at the top.

That's how I see it anyhow.