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| Joined: | Mon Nov 21st, 2005 |
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I probably won't read that because it is false - on purpose.
I saw the title:
Lew Rockwell on what easy money has done to mortgages and everything else.
Easy Money?
These people are either too imbedded within their Interest/Profit/Wage Paying System to see outside or they are frauds for profit.
Keepers at the gate
The real problem is not EASY money at all. The term EASY is meant to discredit any SYSTEM that reduces currency costs because systems that reduce currency costs will end the Interest/Profit/Wage Paying System Monopoly and wealth will be connected to value rather than wealth being connected to fraud and violence.
This is really simple.
Again:
A currency system where costs of ‘borrowing’ currency are reduced to a practical zero can empower anyone who has an ability to create value with the means to exchange that potential value. Currency is merely the medium of exchange. Money can be valuable things that store, preserve, and maintain wealth. Currency merely accounts for the transfer of wealth that has been created, produced, and held before consumption or transfer.
Money is like voltage where a potential exists to move things around. In the case of electricity the potential called voltage moves electromotive force and not just electrons. A force is stored in a battery and the measure of that force POTENTIAL is called VOLTAGE. Money is the same type of potential FORCE.
To say: I have money in the BANK is the same thing as saying I have voltage in my battery.
How do you pay the electric bill? How do you pay the food bill? How do you pay the gas bill? How do you keep your car filled with gasoline?
You have to have a medium of exchange that is produced and stored somewhere to be commanded by you when you need to move the food from the store to your home.
Just as Money is POTENTIAL to FORCE things from one place to another there is another obvious similarity between monetary SYSTEMS and Electrical SYSTEMS because CURRENCY is ELECTRICAL SYSTEMS is POWER. In a monetary system the currency is also POWER. POWER is the CURRENT moving of things during CURRENT movements of things by CURRENT applications of FORCE.
The confusion of TIME is where the perception can become very difficult to perceive accurately.
Money, like voltage in a battery, is timeless or relatively timeless (if money is accurate it is less discredited by time and less devalued by time and less valued by time and more stable or more accurate as time goes by) compared to CURRENCY which is like AMPERAGE because CURRENCY and AMPERAGE suffer loss quickly. Currency and Amperage are used up quickly, in time, or Currency and Amperage are lost, wasted, consumed, and never to be recovered because Currency and Amperage FORCE things and when currency and AMPERAGE are done FORCING things, then, the energy is GONE. The energy stored in the BANK or the BATTERY is used up when the CURRENCY forces the things around. The BATTERY and the BANK will deplete when the CURRENCY flows from them on the way to do the work in TIME.
Again:
A BANK and a BATTERY are empty and valueless without a need for capturing, storing, and saving precious stuff that must be captured, stored, and saved. There would be no need for a battery or a bank if CURRENCY was not consumed in the process of moving things.
Examples:
A new device is produced in the future where electricity is produced from an object the size of a penny and the amount of electricity produced from this penny sized object is as much electricity as Hover Dam or as much electricity as required to light one light bulb – more or less. In other words; this new device can produce as much electricity as anyone needs for anything at any time and the device is the size of a penny (smaller versions are being built too).
What happens?
People want these things – of course.
Because TIME can be confusing it makes perfect sense (cents) to add a feature to the new device and this new feature will help the reader focus on the principle involved in this present (current) inspection.
The penny generator (the penny sized electric generating device) lasts forever (it is guaranteed to work for 1000 years or you get a full refund).
See now?
Jump ahead 200 years and imagine inheriting this device from your Grandfather or Grandmother or both. Now you can eliminate any confusion on PRICE concerning this device.
Your past generations paid for the device and now you simply use it.
What happens?
The idea is to see why MONEY and BANKS are as needed as BATTERIES are needed.
Where do you put this device? If you put this device in a car, then, you can’t POWER your house unless you hook the car up to the house somehow.
If you put this device on your house, then, you can POWER every house anywhere so long as any other house is hooked up to your house with wires.
The POWER source is a penny sized object. You have one. If you have one, then, it stands to reason that everyone has one or two since you and I are not wealthy (if we were then we would be parroting the same Interest/Profit/Wage Paying SYSTEM falsehoods trying desperately to preserve our flow of wealth – for nothing) and since new economical technologies will become more plentiful as more energy is spent making them. In other words; they produce more for less. See that?
More for less
Return to the BANK and the need to STORE stuff because STUFF will ‘go bad’, evaporate, or be consumed if it is not stored. Save is the mantra. We must SAVE the stuff. Saving is better than spending. Bla bla bla. No, see, that is wrong. The reason for saving is only a need because the STUFF has the problem of use or loss. You must use it or lose it. The STUFF is currency. The stuff is not MONEY.
Back to the Penny Generator and, again, everyone has two (like two cars in every garage) or three, four, five, whatever. See this. If something is ‘very valuable’ and therefore something wanted, needed, and desired by everyone, then, that something will be produced if it can be produced until everyone has as many as needed in direct proportion to the need or want of it – if possible.
The Penny Generator illustrates this very well because the Penny Generator shows how something valuable reduces the cost of making the valuable thing desired, wanted, and needed.
Example:
Your grandparents started one of the first Penny Generator factories because they had one of the first Penny Generators. See this? Your grandparents were able to cut all their electricity costs and, since few other people had a Penny Generator at that TIME, they were able to sell electricity – on demand. The sales ‘profits’ from selling electricity to everyone on the grid empowered your grandparents with PURCHASING POWER to run their Penny Generator Factory.
The factory stored PURCHASING POWER as every ‘customer’ sent CURRENCY to your parents as your parents sent CURRENCY to their customers. Electric power went out of the factory (because it had one of the few Penny Generators) while MONETARY power went to the factory.
The source of the POWER in this case remains to be the imaginary Penny Generator. The only need for a BANK in this case is the fact that, at this TIME, only a few Penny Generators exist – at this TIME.
Once everyone has one, two, or three Penny Generators, then, there is no longer a need for a BANK to store electricity because everyone has electricity whenever and wherever they need it at any time for 1000 years. And – by now the ability to make new Penny Generators is almost cost-less because electricity POWER is free, easy, and cost-less. I mean exactly COST LESS and I do not mean to suggest COST FREE.
What is the interest in viewing the world this way? Why should I expect the reader to have an INTEREST in this viewpoint?
A BANK is superfluous, ridiculous, ignorant, stupid, and even criminal when there is no need for one – at all.
Unless you happen to be someone who profits from the fraud, then, and only then will there be a need for a BANK in modern times.
If there is no BANK, then, there are no INTEREST payments where a person earning PURCHASING POWER is ‘required’ to PAY or ELSE.
PAY OR SUFFER
PAY OR BE PUNISHED
The BANK merely stores wealth POWER or PURCHASING POWER and if the BANK cannot do so accurately, then, the BANK does so inaccurately. See this?
If, for example, a customer sends the BANK an amount of PURCHASING POWER to be stored until needed and that amount is off by 10 percent. See this?
You send 100 units of PURCHASING POWER to the BANK and the BANK accounts those 100 units inaccurately by 10 percent error.
That can be called 10 percent error PLUS or MINUS.
Like this:
100 + or – 10%
When you need the Purchasing Power stored by the BANK your account can then read as follows:
90 units
or
110 units
Now add up 100,000,000 (one hundred million) of the same errors.
100,000,000 + or – 10%
The BANK can store an inaccurate amount of Purchasing Power equal to the following error:
90,000,000 units
or
110,000,000 units
In other words the BANK can either lose 10 million units with one error or gain 10 million units with one error.
So…which do you think the BANK is going to do when the BANK happens to make an error.
OOOOPS