Money’s only function is the exchange of goods. It matters not what money is as long as it is readily acceptable for goods and therein is the rub.
The classical view is that money has to have intrinsic value (be a store of value) and by value, I mean, be desirable to someone. Many things have been used for money thru out the ages. Some were better and some were worse. FDRs are desired by many, but have no intrinsic value. They circulate as money, idiomatically speaking. So, money doesn’t have to have value in its own right, just have value to others. That works.
Money represents work. It’s the work you expended to make a good and got money for. Work expended is your life’s energy (the goods you consumed to maintain your life plus the redirection of your efforts to produce something tangible) and time, therefore, money is your time and energy. Do you begin to see that money is something that should be real and tangible, have value in its own right?
Money should retain its desirability over the longest period of time as possible and it should have the same value, later, as the value you put into producing the good in the past, as possible. The value shouldn’t diminish over time aside from small variations over a long time frame. It should be stable for the greatest benefit to society.
Money’s only function is the exchange of goods, whether that exchange takes place today, tomorrow, or 30 years from now when you retire and at the same value as day one. That’s what’s called ‘sound money’, aside from dropping a 20 dollar gold piece on the counter and it makes a sound. haha
Therein is the rub! After 30 yrs, the value you put into the money is not the value you get out of the money, Its been diluted, like FRNs, the some or most of the value has been removed. You’ve been cheated. Your value has been stolen from you.
Who would do this you ask? Your government in collusion with the bankers.
Sovereigns have long ago realized it’s harder to steal goods than to steal the value from money and that became the ‘ modus operandi’ for enriching themselves, although they still steal goods.
For this theft to work, money had to be taken away from the people who rightly own it and place it squarely in the halls of government where it could be pilfered away, un-noticed. It is called Fiat Paper Money.
“Next to outright war with the destruction of capital, nothing destroys a civilization as thoroughly as Fiat Paper Money.”–Homer
A lot of money will be tried, Bitcoin, Bitgold, credit card, RFDI chips, on and on. All of these adventures are money substitutes and all rely upon the ‘saintliness’ of those administering the program. The only saints I know about are in Heaven where they submit to a Higher Power and not their egos.
In GOD we trust all others pay in gold or silver.
Homer
June 9, 2016 5:33 pm
I was kinda jumping around not going into great detail, but know this!
Money substitutes always come into being to steal. Money is yours, it is a God given right for you to use to live your life. Money is fair exchange. Unless it is your possession by right, it is neither yours to own or to control.
Who owns your money? Your life’s energy? Your time?
Anonymous
June 9, 2016 6:32 pm
Money = labor.
Either labor already performed and stored in real goods of universal value (i,e, Gold, diamonds, etc.” or labor promised to be performed in the future in return for goods received today.
No labor, no value. All the natural resources of the earth are worthless until labor is added to them to make things of value to other people that can be traded and owned.
Homer
June 9, 2016 8:00 pm
Homer sez–“Who owns your money? Your life’s energy? Your time?”
Money’s only function is the exchange of goods. It matters not what money is as long as it is readily acceptable for goods and therein is the rub.
The classical view is that money has to have intrinsic value (be a store of value) and by value, I mean, be desirable to someone. Many things have been used for money thru out the ages. Some were better and some were worse. FDRs are desired by many, but have no intrinsic value. They circulate as money, idiomatically speaking. So, money doesn’t have to have value in its own right, just have value to others. That works.
Money represents work. It’s the work you expended to make a good and got money for. Work expended is your life’s energy (the goods you consumed to maintain your life plus the redirection of your efforts to produce something tangible) and time, therefore, money is your time and energy. Do you begin to see that money is something that should be real and tangible, have value in its own right?
Money should retain its desirability over the longest period of time as possible and it should have the same value, later, as the value you put into producing the good in the past, as possible. The value shouldn’t diminish over time aside from small variations over a long time frame. It should be stable for the greatest benefit to society.
Money’s only function is the exchange of goods, whether that exchange takes place today, tomorrow, or 30 years from now when you retire and at the same value as day one. That’s what’s called ‘sound money’, aside from dropping a 20 dollar gold piece on the counter and it makes a sound. haha
Therein is the rub! After 30 yrs, the value you put into the money is not the value you get out of the money, Its been diluted, like FRNs, the some or most of the value has been removed. You’ve been cheated. Your value has been stolen from you.
Who would do this you ask? Your government in collusion with the bankers.
Sovereigns have long ago realized it’s harder to steal goods than to steal the value from money and that became the ‘ modus operandi’ for enriching themselves, although they still steal goods.
For this theft to work, money had to be taken away from the people who rightly own it and place it squarely in the halls of government where it could be pilfered away, un-noticed. It is called Fiat Paper Money.
“Next to outright war with the destruction of capital, nothing destroys a civilization as thoroughly as Fiat Paper Money.”–Homer
A lot of money will be tried, Bitcoin, Bitgold, credit card, RFDI chips, on and on. All of these adventures are money substitutes and all rely upon the ‘saintliness’ of those administering the program. The only saints I know about are in Heaven where they submit to a Higher Power and not their egos.
In GOD we trust all others pay in gold or silver.
I was kinda jumping around not going into great detail, but know this!
Money substitutes always come into being to steal. Money is yours, it is a God given right for you to use to live your life. Money is fair exchange. Unless it is your possession by right, it is neither yours to own or to control.
Who owns your money? Your life’s energy? Your time?
Money = labor.
Either labor already performed and stored in real goods of universal value (i,e, Gold, diamonds, etc.” or labor promised to be performed in the future in return for goods received today.
No labor, no value. All the natural resources of the earth are worthless until labor is added to them to make things of value to other people that can be traded and owned.
Homer sez–“Who owns your money? Your life’s energy? Your time?”
I know what you’re thinking, my wife.