posted on Jan, 25 2009 @ 07:31 PM
Just read an article about Britain considering cutting the work week down to only 3 days, because of the economy. Businesses don't have the cash to
keep paying their employees to work 5 days a week, apparently. This premise is absurd: when there are people willing to work, and there are people
who have needs they want to have met by the economy, yet both are doing without?
I'll ask it again,
If people are willing to work, and those same people are willing to consume each other's goods and services, then why doesn't it happen during
recessions or depressions?
The answer, sadly, is really very simple. The problem is money itself. It is working as a hindrance to prosperity, not a facilitator.
Just dwell on that simple, obvious truth.
So how do we fix it? Isn't money necessary in an economy?
Well, it depends on what you think money is.
People who work for a living believe money serves as a receipt for labor. Evidence that they have created something of value. There have been times
in the past when this was true, but today money is actually a very different beast altogether. Today, since money is literally created only when
someone is willing to go in debt to a bank to get it, money actually represents DEBT. (Yes, money comes into existence only as loans from a bank.
This sounds crazy, because common sense would tell you that a bank can't loan out what it doesn't have, but money is not a physical object. It's
data stored on computers. If someone types your name into an account, and types in a one followed by six zeroes, viola! This person has a million
dollars. That's ALL IT TAKES. Well, almost. The person has to promise to pay back more money than the bank created. Any mystery now why there is
so much debt and defaulted loans? The banking system creates the money you borrow, but not all the money you have to pay back. The interest is
missing from the economy, because only the principal was ever created by the bank.)
So that's what money is, crazy as it sounds. What should it be?
(continued on next post)
[edit on 25-1-2009 by username371]