a reply to: ClovenSky
Well, I mean you know the first point of money creation from nothing are electronic fund's transfers. The fees associated with each transaction are
created from nothing but withdrawn from the account receiving funds. Fractional reserve means there institution only needs 10% of what they actually
loan on deposit.
Basically clever marketing, and the consumers' choice
to make life more convenient has given the banisters the power. Every individual gives
these class of human their power by way of desiring to shave a few seconds off their purchase for their ever more complicated life, made more
complicated by their desire to stay connected to a number of digital or electronic communication and entertainment gadgets many or most of which are
additional bills which will be paid electronically and create more fictional money from thin air, perpetuati g the cycle of loani g out ten times what
is on deposit.
This is currently the way the system increases in power. One way of enacting a true paradigm shift is for at least one in five consumers to commit to
stop purchasing with digital means. Physically withdraw the real money, pay for as much as possible with real money, and accept whenever possible
physical delivery of real money. But the moment that is offered with a solution, the angry masses trip over themselves with excuses why that is
impossible or totally inconvenient.
It was only possible for all of human history until the last twenty years. But now, the youngsters just say it is literally impossible, that they
would literally die a slow death for paying with cash, assuming they are lucky enought to not be robbed just holding cash because they believe the
scent of it can be picked up by thugs like a drop of blood in the ocean. Lures sharks.
What scares me is how much young adults and teenagers actually are afraid of cash. The presence of it will even suddenly fill them with fear and
paranoia, and they desperately seek some, any other responsible entity
to protect their labor from the world. I love th latest excus s "oh I
will lose it or spend it all pretty quick"
How about grow the # up and learn to be responsible with money???
Sorry, I was ranting at the generation of my peers. Now everyone is chasing crypto currency as the next get rich quick scheme and the future of
currency, all the while forgetting that the goal of greedy power is the ability to track your money and disappear it at a moment's hint of rebellion
with the push of a button.
How can anyone fuel a revolution if the rulers can just push a few buttons and rescind all resources available for it in the blink of an eye?? Not
even a need to send in the jack boots to crack skulls. Just turn all the balances to zero, with a little disclaimer sayi g assets were seized. Due to
connections to subversive/terrorist activity.
We all have them this power voluntarily when we chose to make shopping a little bit easier. We can all take it back too, one person at a time by
simply consciously choosing to stop giving them that specific power.