posted on Apr, 16 2006 @ 11:16 PM
The fact of the matter is that the transition between a currency based system and one which uses a different method much as on the later series of
Star Trek is academic. Due to the fractured reserve banking system and the fact that our (American) dollars are no longer based on anything of
substance as they were when we had a gold standard means that our money only has theoretical value becasue we decide to place a value on it.
Think of it this way, the value of a dollar is an ever decreasing percentage of what used to represent one dollar's worth of gold. A federal reserve
bank note such as a single dollar bill used to represent one dollar's worth of gold stashed in Fort Knox. Presumably you were able to take your one
dollar bill and redeem it for the dollars worth of gold it represented. Eventually we were put on a reduced gold standard, say 50%, that means that
your one dollar is now worth 50 cents of gold stashed in Fort Knox, or in other words you need twice as much money to have the same amount of monetary
worth as you did during the 100% gold standard.
Eventually the gold standard was taken away completely and the dollar you hold in your hand is now representative of your good faith in the federal
government and it's ability to back up your dollar. (granted some may say we're on an oil standard but that's another post). So basically your
dollar is worth absolutely nothing at all, it's little more than a fancy, pretty peice of green paper. Granted it will buy you a pack of Twinkies at
your local bodega but if you took it to Yemen they would tell you it's worthless, were it still worth it's wheight in gold this would be a different
Before I continue I'd like to touch on the fractured reserve banking system, an evil system if ever there was one. Basically every bank you see that
has an "FDIC Ensured" sticker is backed up by the "Federal" Reserve Bank (truth is it's not federal, it's privately owned and chartered by the
Bank of England). Anyways, the job of the FRB is to make sure that a bank's costumers don't lose their life savings if the bank goes under as
happened in the great depression. (I know there's much much much more to it)
People are talking about credit as the next progression in commerce but if you ask me the whole credit/debt system is the most evil creation in all
Let's say you go into a bank and ask for a 1,000 dollar loan to fix up your car. Since that plastic card you have says you have 1,000 dollars and
it's backed up by your bank which in turn is backed up by the "Federal" Reserve Bank you can use that thousand bucks and buy all the neon, NOS and
hydrolics your heart desires. We all know a bank loan is a deal with the devil as you are garunteed to be screwed on the interest and what ever other
trick the bank has thought of, but this credit/debt system hides a deeper problem.
For every dollar that your bank loans to you they're only required to have 10% of it in cold hard cash. That means that your 1,000 dollar loan
really didn't cost them anything and they only needed to have 100 dollars in the safe in the back to give it to you. However, if you take your loan
to Vinnie's Garage and "pimp out" your car Vinnie will know have 1,000 theoretical dollars in his bank account, all he needs to do is hit up an ATM
machine to turn it into cash. Sounds innocent enough I suppose but lets break it down:
The bank gives you credit for $1,000 but only really has $100
You spend $1,000 theoretical dollars (theoretical because it's not cash) at Vinnie's
Vinnie goes to his atm and takes out $1,000 in cold cash
You have to pay the bank back of course, we'll say it comes to $1,400 in the end
Do you see what's happened here? Your local bank has just created $1,300 out of the blue, $1,300 that didin't exist before you spent you money at
Vinnies. Now according to our laws here in America ONLY the Federal Reserve Bank is allowed to create more money, however with the fractured reserve
banking system coupled with our credit/debt system any single bank, FDIC insured or not can create as much money as it pleases. Confusing, I know but
I'm getting to the point.
What happens when you create more money? Inflation happens, but inflation is a bit of a misnomer, it's really devalument. Here's an example: Last
month Twinkies cost 99 cents, but today, much to your chagrin Twinkies now cost $1.19. It's seems Twinkies have gone up in price but in reality they
haven't. What really happend is that the value of your one dollar dropped 20 cents, so you now need 20 cents more to purchase the same amount of
Twinkies you got last week.
So what am I really trying to say here? I guess my point is that your money is theoretical, useless, worthless and worst yet, a tool to oppress and
control the masses. A tool controlled by, who else, the rich elite. Ever wonder why there are so many millionaires this year? It's becasue a
million bucks ain't worth what it used to be. Eventually the American dollar will reach such a point that all other countries will lose faith in it
and since it's a faith based currency it won't even be worth the paper it's printed on.
In conclusion, it's not long before cash is gone but you sure as hell better hope we think of somthing else before the dollar takes a swan dive into
an empty pool. Personally I can't wait until we abolish all forms of currency and currency based social power structure, I can't stand thinking of
wasting another hour of my life away, be it for 7 bucks or 13, doing somthing I hate so I can buy somthing I neither need or want. Money is not only
the root of all evil I believe it's the most evil thing man has ever created, it's controlled by the few with te objective of controlling the many.
So many countless people have worked and wasted they lives away thinking that if only they had more green peices of paper they'd not only be happier
but actually move up in life. How many people go hungry or cold or even die of curable diseases right here in our own country simply becasue we're
cruel enough to tell them they don't have enough peices of green paper? People need to wake up and realize that money does not exist, it has no
inherant value except that which we place on it and that the only true value is the advancement of the human race as a whole. We should try and live
for the good of all and not the corrupt and evil elitist few. High hopes I suppose but remember, even if your body is stuck in a monetary system your
mind is free.