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To: Cboldt
And yep, money comes from thin air. Nothing wrong with that in principle, as long as the creation and destruction is done in proportion to the needs of commerce, and the "money market" is transparent to the public.

No - money doesn't come from "thin air". Look at the Fed's H.4.1 report, which is a balance sheet.

Money ("currency") is backed by debt instruments (T-Bills, notes, and bonds).

Debt instruments are a claim on the future labor of citizens - therefore "money" is backed by a claim on that future labor.

International banks and globalist elites do not care how much "money" they own. Instead, they care about how much future labor of others they own. That is the power they seek.

407 posted on 02/19/2018 8:04:11 PM PST by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
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To: politicket

Remember, at its core profit is the difference between what you are paid and what you are worth to you boss. Hence the need to keep you in debt to the company store with your nose to the wheel. Always with the carrot of a life of retirement at the end of the rainbow!

When Greenspan was head of the fed he was always fighting inflation, WAGE inflation. Your wages are only another cost of business. The better it is controlled and predictable the more a business can plan for long term profits. Rent, electricity, raw materials, labor. Just #s on a spreadsheet, not people, people are just stuff in an equation.

To the elites, the equation is what matters, making the world population a zero sum game. How many people will the world support, how many if I and my enlightened/illuminated friends are to live as we deserve? How do we get there while controlling the proles?


447 posted on 02/19/2018 9:50:22 PM PST by Billyv ( Ephesians 6:11 for we battle not against flesh and blood...Pray for our leaders and nation!)
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To: politicket
-- money doesn't come from "thin air" ... "money" is backed by a claim on that future labor. --

Thank you for expanding on my point. Whether from thin air or not is a point of interpretation, and I simply meant to distinguish fiat money, or book-keeping entry money, from money that has substantial intrinsic value.

I totally agree that the amount of money created matters, it's obvious I think.

I also think you will agree that the claim is on more than just future labor. It is a claim on any form of "value," whether that be by mining, agriculture, conversion of raw material into finished goods, or finished goods. To be sure, labor is a necessary element of that value, but it is not the totality of the value.

In the simplistic vernacular of "from thin air," the debt instruments are likewise made up out of thin air. Again, to be sure, I agree with you that there is some sort of "value-based" discipline that regulates the amount of debt and debt money being created (and maturing/expiring) on any given day. Book-keeping entries to make the fluid that facilitates commercial activity.

-- International banks and globalist elites do not care how much "money" they own. Instead, they care about how much future labor of others they own. --

Under your definition, "money" and "claim on future labor" are synonymous. All that changes is how the possessor views the asset. In the common man's view, a bond and a dollar bill aren't much different. Either can be converted to labor or material.

The ability to create "money" (in whatever form and by whatever means) is an ultimate power, as is brute force.

469 posted on 02/20/2018 2:19:49 AM PST by Cboldt
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