That is correct. The way mediums of exchange are used determines the outcome. And what a bloody mess that is.
I was given a very interesting book a few days back called: The bank in Europe. (2)
This book details the history of banking over time. Though, I am especially interested in knowing about the loan the Vatican took out with "Genuese Merchants" in the 12th century, collatoralizing the Church' s income (income from land, and indulgences (3), the latter as one of the causes of the Reformation) (see footnote (1)), the picture it paints is on the one hand, the facilitation of commerce, of course, and on the other the power-play that underlies all major events through time.
The move to have futures/options contracts on Crypto currencies actually creates the same dynamic as in Gold and Silver, and other fiat currencies, or the type of behavior hedge funds are showing.
Now, I am not saying that a trader confronted with consequences beyond his control of decreasing value, has no legitimate interest in evading risk. But the weaponization to achieve a goal beyond that is disruptive, and creates only one incentive: to make money with money, instead of making money with production.
And this all comes down to the erosion of the interest prohibition, exacerbated by the fiat money system, where the currency supply is increased by mere credit creation out of thin air.
The book shows how such a system is a natural outgrowth, one solution causing the next. However, these so called solutions are "willed", and causing a major transfer of wealth from the people to just a few hands.
The word: "doodpandbelening" here used is transliterated as: death-pawn-loan, causing the fruits of the collatoral (pawn) be handed over to the loan-giver by the loan-taker, meaning usofructo. Hence, the word now used is: mort-gage (death promise) or hypothecate: pledge, promise, pawn (the latter is interesting in terms of freedom to express and act upon your own will)
That is correct. The way mediums of exchange are used determines the outcome. And what a bloody mess that is.
I was given a very interesting book a few days back called: The bank in Europe. (2)
This book details the history of banking over time. Though, I am especially interested in knowing about the loan the Vatican took out with "Genuese Merchants" in the 12th century, collatoralizing the Church' s income (income from land, and indulgences (3), the latter as one of the causes of the Reformation) (see footnote (1)), the picture it paints is on the one hand, the facilitation of commerce, of course, and on the other the power-play that underlies all major events through time.
The move to have futures/options contracts on Crypto currencies actually creates the same dynamic as in Gold and Silver, and other fiat currencies, or the type of behavior hedge funds are showing.
Now, I am not saying that a trader confronted with consequences beyond his control of decreasing value, has no legitimate interest in evading risk. But the weaponization to achieve a goal beyond that is disruptive, and creates only one incentive: to make money with money, instead of making money with production.
And this all comes down to the erosion of the interest prohibition, exacerbated by the fiat money system, where the currency supply is increased by mere credit creation out of thin air.
The book shows how such a system is a natural outgrowth, one solution causing the next. However, these so called solutions are "willed", and causing a major transfer of wealth from the people to just a few hands.
footnotes:
"Public Debt through the Ages" Prepared by Barry Eichengreen, Asmaa El-Ganainy, Rui Pedro Esteves and Kris James Mitchener Authorized for distribution by Valerie Cerra January 2019: https://repository.graduateinstitute.ch/record/296859/files/Esteves.pdf
https://www.uwkringding.be/data/auction/1_IMG_9118%20(2).jpg
The word: "doodpandbelening" here used is transliterated as: death-pawn-loan, causing the fruits of the collatoral (pawn) be handed over to the loan-giver by the loan-taker, meaning usofructo. Hence, the word now used is: mort-gage (death promise) or hypothecate: pledge, promise, pawn (the latter is interesting in terms of freedom to express and act upon your own will)
You might be interested in Fruit From a Poisonous Tree as well fren.
https://a.co/d/1uQHAjD
Do you have a link to The Bank in Europe?
Unfortunately, there is none as of yet. This book is a locally issued book in Dutch only. ISBN-number: 906153254x
To buy: https://www.boekwinkeltjes.nl/b/150503240/de-bank-in-europa/ https://www.marktplaats.nl/v/boeken/geschiedenis-wereld/m2116518054-boek-de-bank-in-europa-25-eeuwen-bankgeschiedenis-bankwereld
There are some interesting pdf's concerning Sumerian banking practices. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2377309