Full Title:
Ramblings of a mad man hellbent on discovering the truth of currency (work in progress...and input is appreciated)
This may fall under several categories; so, mods, please move as you feel necessary.
Now on to my first rambling (not rant) since I became a member. (I have ADD, so please bare with my random ramblings).
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My Opinions:
-Currency is a method of "one-upmanship"
-Currency is a method of "bragging rights" for those that have taken advantage of someone else.
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My Questions (most are rhetorical):
-When did currency come into existence? Who? How? Why?
-has additional currency been added to original amount?;
- if so, why? how? under who's authority? who benefits?
-if someone benefits, then what is their objective?
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My Assumptions:
Assuming the basis of currency started on a gold standard, where all the gold in existence = x, then any additional findings of gold should have been
included into x, and devalued the original accumulation of x (at the inception of the monetary system). After all, x can only be somewhere between 0
and 100%. So where does the additional currency come from?
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Bankers and their interest rates?
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My Additional Questions: (Let's look at interest rates)
-Are they fair?
-Do they disrupt the progress (actually, the continuity) of the economic process?
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My Understanding of the System:
I want a loan of x. I apply for x and I am either approved or denied based upon my assets/worthiness. with a promise to pay "y" amount.
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Negative (and intended) Outcome:
So, I pay my debt monthly, with interest. If I default, then my assets (including the loan purchase) is/are sold off... plus the loaning entity keeps
the interest I paid (robbery). If they get my (our) money with interest; and seize the assets...then sell them off, they (the bankers) profit (based
upon their false system).
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Side note: in this case, should I not get my interest payments reimbursed? If no, then this is a fundamental flaw in the system.
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My conclusion:
The banks have created a false, unsustainable system, in which, they profit (even in a "loss") based upon the "bankers" math. The system has been
doomed to fail from the upstart. So, let's remove the "bankers" from our "collectively" newly developed system. Let's ALL default (even if only in
spirit). Let's restart the system based upon our lessons learned and let's move forward into a new, and mathematically sustainable, realistic, system
of currency exchange.
Certainly, my ramblings are flawed; but, let's face it, the system has been broke from the start. So, I call for a productive, rational discussion, in
which, leads to the new (and final) method of currency and it's exchange.
All ideas are welcome. All criticism is as well.. But this needs to get rolling before the politicians of the world manipulate the system again.
Let the beating begin....
edit on 7-12-2010 by Aggie Man because: (no reason given)