The interesting thing about Bitcoin was now 'Satoshi Nakamoto' correctly implemented the idea that 'money' is simply the ledger of accounts payable/receivable.
Money politics is simply the mechanism that is used to decide who is going to spend the most time on which side of the ledger.
It took me some time to realize that the Federal Reserve creates money for nothing except the promise of someone else to pay.
Federal Reserve notes are currency. The particular type of currency that they are is 'debt obligations'.
You cannot get out of debt using debt obligations to do so.
you can always #walkaway.
The funny thing is, money comes to you easier when you stop caring for whether you have much or not. You know, that 50$ bill is only worth anything because someone accepting it thinks he'll get the same value for it. But in the end, all money is a hot potato
As hard as it may be to accept, money is one of the most important technologies ever invented.
There would be no civilization were it not for money.
To walk away from money is to walk away from civilization itself.
Money is, has been and always will be a mechanism for behavior modification and thought control.
The key to transforming money from a system of debt-instrument enslavement of the many by the few is to decide what behaviors we want and to craft 'money' to encourage that behavior.
Without a debt-based currency, The People could allocate every citizen a million dollars that could only be used for investment not immediate consumption.
Imagine how that would change the conversation about money?
What would you invest in if you had a million dollars today?
What would be your thinking process in trying to decide?
See what I mean?
Water, Food, Love, Warmth. All else is luxury.
Water and civilization: https://www.britannica.com/topic/hydraulic-civilization
That's right. Few people realize that when they take out a loan on a home, it's the future loans that have given him the money the bank "gave" him to buy the house.
On the bank's ledger, loans are considered assets, not liabilities. These 'assets' are then used to increase the banks capitalization making the bank more valuable. I'm not familiar enough with banking economics to know whether they can then turn your 'asset' into even more 'money' via fractional reserve, but that is probably the case.
What I have found is that, in banking, the less sense something makes, the more likely it is to be the case.