THE DEATH OF $$$ MONEY - worse than anything we have ever went through -

Robert Schoon - makes the case for the death of Money - interesting concept -
but what will replace money - and if it is going to be worthless - how do you
explain all of this criminal activity for money ???
I have noticed most people are using ATM cards now adays but that is still
backed by labor and credits. after all Money is Gold and Silver and a few
other metals - menerals - stones.
now oil could also be considered money - food - water - weather.
anyway - enjoy this brain food - I found it worth watching

Money is just a medium for exchange, and it will likely exist in some form or another unless something catastrophic happens and we all revert to a barter system.

What will probably be done away with is debt. The first global recession we are witnessing is a combination of a massive credit bubble, the fact that as technology advances human life becomes less valuable, and supply is decreasing while demand increases.

I could think of worse things than money dying. Me dying stands out by far..

reply to post by 1BornPatriot


Dollars will fall and gold will raise in a couple of years.

Whether we use coins, rocks or bottle caps we will use something in trade for value.

Originally posted by 1BornPatriot

now oil could also be considered money - food - water - weather.

This is already the case.

Resources have always been the basis. Look at how economic hitmen helped global bankers own nations and ultimately their resource rich lands.

If you control food, water and shelter; people will do anything you want.

Capitalism will always collapse itself, this is nothing new......

I have everything I need to set up a "distillery." I will trade booze for whatever is required to survive.

Money is a proxy for human labor, creativity and products.
All forms of currency are fiat - paper, gold, and silver.
Notice how gold is showing up with tungsten?
When we have no standards we have no trust.

The problem is an absence of morality.
Until people become moral the system will continue to decay and go bust.

reply to post by Asktheanimals


I agree. What is going to make people moral?

Complete devestation, where the only way one hopes to survive is through one person helping another?

Originally posted by Asktheanimals
Money is a proxy for human labor, creativity and products.
All forms of currency are fiat - paper, gold, and silver.
Notice how gold is showing up with tungsten?
When we have no standards we have no trust.

The problem is an absence of morality.
Until people become moral the system will continue to decay and go bust.

edit on 7-12-2012 by Asktheanimals because: (no reason given)

I often agree with you but you are wrong on this one. Fiat means by government edict. Gold and silver and has stood the test of time when fiat currency collapses. However anything can be money without government fiat including paper and sea shells when there is a free market on currency. IOW when people can use what ever they prefer as currency without government forcing them to use what they mandate. Gold and silver have been traditional because they do not rust or deteriorate and they have physical uses also giving them real intrinsic value instead of fake value by government fiat or edict. Tally sticks have been used for currency even....

it will be a long time before money/currency goes away people will use something to trade as currency for convenience.

I would give everything I would want for myself.

It's a damn shame money gets in the way.

reply to post by 1BornPatriot


Money is not gold and silver; they did away with that a long time ago. Why do you think the bankers own the gold protected by the military.