It is interesting that almost nobody talks about it (or at least I haven't seen it) but our ENTIRE financial system is based on FIAT currency, or in layman's terms currency that that is about as worthless as monopoly money other than the fact that the US government (or any other government that issues their own currency) will honor it as a means to pay for debts owed to it. When I was a kid I was told that currency was back by gold and/or silver, which meant that you could always trade the note for it's value in silver, but as I got older I found out that that wasn't true. However I don't feel so bad about not knowing this because many people I meant it to are unaware of the fact that money isn't backed by anything. The one thing that kind of pisses me off about this is how come other people and/or groups can't just quit their jobs and print money for their own use?
Anyways, what is also weird is that supposedly the people who own and run the 'money presses' (as far as I know of the people who own the Fed are the same people who own a majority of banks in the US and they are in turned ,not too surprisingly though, own mostly by some of the most wealthiest families in the US) have a plan to use it to own anything and EVERYTHING of any value in the world. How this works is kind of simple, they print the money lend it to a bank (ie. a institution that is own by the same groups that owns the FED, so they are more or less lending to themselves) for next to nothing, and the bank they loan it to in turns lends the money to the US government (ie. American citizens and taxpayers) at a MUCH higher interest rate. Although it is still a quite a bit lower than the interest on thing like bonds, credit cards, etc.
The problem with this is that it is next to impossible for anyone they lend the money to to ever really pay it back fast enough to ever NOT be in debt. I mean think about it, if the currency that is being created and make daily transactions is ALSO the currency that is used for the government to pay for it's own debts. If the government was smart they would run the printing presses and bank THEMSELVES, but of course this would deprive the people that own the FED from having their own free lunch.
However there is one way out of any time for a government with FIAT currency (whether owned by themselves or by private ownership) and that is high (or sometimes hyper) inflation or declare the currency is no longer honored or valid and start printing some new currency. Of course doing this often creates as many problems as it solves for those in power.
I guess my point is that for the people that own the banks and the organizations that have influence with such things, money is merely a 'plaything' used to get leverage over those beneath them who in turn use their access to money to have leverage over the rest of us plebs.
Another way to look of it like this, the whole world financial/investment system is a rigged game (much like a casino) where the people who OWN THE MACHINES THAT MAKE THE MONEY DON'T TAKE ANY RISK WITH THEIR OWN MONEY AND/OR OTHER INVESTMENTS, instead they print fake/fiat money (which they actually have to get something of value in exchange for, unless it is for some other countries fake/fiat currency as well) sit back and watch as people run around doing all the other major leg work and trying to figure out how to pay back the loans, then rinse, and repeat it all over again. When someone else has to do all the work and/or all the risk (since all you have to worry about is losing some of the fake money and/or threats to the money system) you more or less have it made in the shade.
It is kind of like the casinos, all you got to do is sit back and get enough stupid and/or bored people to come in and play in the hopes of winning, when in the end the only people who actually 'win' are the people who own the house. The occasional lucky person who walks away with more money than the came in with is just to motivate other suckers to believe they have a chance.
Is there something wrong with me for seeing it this way, or is it something that just is and because nothing can be done we choose to ignore it?
Anyways, what is also weird is that supposedly the people who own and run the 'money presses' (as far as I know of the people who own the Fed are the same people who own a majority of banks in the US and they are in turned ,not too surprisingly though, own mostly by some of the most wealthiest families in the US) have a plan to use it to own anything and EVERYTHING of any value in the world. How this works is kind of simple, they print the money lend it to a bank (ie. a institution that is own by the same groups that owns the FED, so they are more or less lending to themselves) for next to nothing, and the bank they loan it to in turns lends the money to the US government (ie. American citizens and taxpayers) at a MUCH higher interest rate. Although it is still a quite a bit lower than the interest on thing like bonds, credit cards, etc.
The problem with this is that it is next to impossible for anyone they lend the money to to ever really pay it back fast enough to ever NOT be in debt. I mean think about it, if the currency that is being created and make daily transactions is ALSO the currency that is used for the government to pay for it's own debts. If the government was smart they would run the printing presses and bank THEMSELVES, but of course this would deprive the people that own the FED from having their own free lunch.
However there is one way out of any time for a government with FIAT currency (whether owned by themselves or by private ownership) and that is high (or sometimes hyper) inflation or declare the currency is no longer honored or valid and start printing some new currency. Of course doing this often creates as many problems as it solves for those in power.
I guess my point is that for the people that own the banks and the organizations that have influence with such things, money is merely a 'plaything' used to get leverage over those beneath them who in turn use their access to money to have leverage over the rest of us plebs.
Another way to look of it like this, the whole world financial/investment system is a rigged game (much like a casino) where the people who OWN THE MACHINES THAT MAKE THE MONEY DON'T TAKE ANY RISK WITH THEIR OWN MONEY AND/OR OTHER INVESTMENTS, instead they print fake/fiat money (which they actually have to get something of value in exchange for, unless it is for some other countries fake/fiat currency as well) sit back and watch as people run around doing all the other major leg work and trying to figure out how to pay back the loans, then rinse, and repeat it all over again. When someone else has to do all the work and/or all the risk (since all you have to worry about is losing some of the fake money and/or threats to the money system) you more or less have it made in the shade.
It is kind of like the casinos, all you got to do is sit back and get enough stupid and/or bored people to come in and play in the hopes of winning, when in the end the only people who actually 'win' are the people who own the house. The occasional lucky person who walks away with more money than the came in with is just to motivate other suckers to believe they have a chance.
Is there something wrong with me for seeing it this way, or is it something that just is and because nothing can be done we choose to ignore it?
