posted on Jan, 7 2016 @ 09:27 AM
a reply to: TheConstruKctionofLight
I dont think you have thought that through, how does the printing of fiat money ad infinitum benefit the majority of society. You wouldn't
happen to be a banker would you? Since the early 1500s the goldsmiths figured the ruse of creating credit out of thin air. The concentration of money
has allowed them to become kingmakers with the power to control the fate of nations.
currency is fiat currency. Some cultures have used sea-shells, others huge rocks with holes carved in them. The only inherent value that
gold has is that it is an excellent electrical conductor and reflects ultra-violet rays. Because many people think it's pretty, they are willing to
exchange other goods for it. Some people prefer silver and turquoise.
Note that the invention of credit coincides with the Renaissance and the development of the modern western world. The voyages of exploration that made
the discovery, exploitation, and colonization of the Americas by Europe was made possible by credit. The fact that you are able to sit in front of a
computer that was developed by entrepreneurs who used bank loans and, eventually, common stock (which is a form of credit) is testimony to what an
incredible invention credit was.
I am not a banker, I just understand economics. I urge you to do some reading in that field. Understanding economics should be a prerequisite for
edit on 7-1-2016 by DJW001 because: (no reason given)