Win / GreatAwakening
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Reason: None provided.

Setting a "standard" for an intermediary of exchange is not a terrible thing, as long as people relearn the skill of actual barter. It is in relying on the standard that fuckery is injected into the system.

The bimetal standard was problematic because it set the value of silver, which doesn't allow supply/demand to do it's thing, i.e. it makes the market very much not free. Having said that, the reason they wanted to go off the bimetal standard was so that they could manipulate the value of gold (because they owned it all) and shift assets from the plebians (silver holders) to them (gold holders). This was an example of "hording," which prior to fractional reserve lending was the primary method of economic manipulation.

The article also espouses fractional reserve lending (FRL). FRL's only purpose is to make bankers richer. It serves zero other purpose. It makes money more "fluid," which allows for boom/bust cycles (inflation/deflation), which is an asset transfer mechanism by manipulation of the public mood. It allows for the creation of wars on foreign soil (no money is needed to convince people to actually defend their home, see Vietnam), and the taking of other's assets.

By making a "currency" as the default exchange it risks people relying on it. When people rely on it, it inevitably becomes a target for manipulation, which inevitably leads to manipulation. The creation of the "gold standard" a few thousand years ago (by the exact same people as today's "Cabal" btw) is exactly how we got here.

The only path I see is a truly decentralized market (barter system). Even if there is a "standard measure" (which I'm not convinced is necessary) a system of true barter needs to be created or all of the old manipulations will happen again.

A method by which this can possibly be accomplished is by tying non-perishable assets to NFTs and creating a market place for exchange. People need to be taught how to barter, not relying on an intermediary, even if there are some convenient ones to use (PMs or stocks e.g.). I think it is the only way.

1 year ago
1 score
Reason: Original

Setting a "standard" for an intermediary of exchange is not a terrible thing, as long as people relearn the skill of actual barter. It is in relying on the standard that fuckery is injected into the system.

The bimetal standard was problematic because it set the value of silver, which doesn't allow supply/demand to do it's thing, i.e. it makes the market very much not free. Having said that, the reason they wanted to go off the bimetal standard was so that they could manipulate the value of gold (because they owned it all) and shift assets from the plebians (silver holders) to them (gold holders). This was an example of "hording," which prior to fractional reserve lending was the primary method of economic manipulation.

The article also espouses fractional reserve lending (FRL). FRL's only purpose is to make bankers richer. It serves zero other purpose. It makes money more "fluid," which allows for boom/bust cycles (inflation/deflation), which is an asset transfer mechanism by manipulation of the public mood. It allows for the creation of wars on foreign soil (no money is needed to convince people to actually defend their home, see Vietnam), and the taking of other's assets.

By making a "currency" as the default exchange it risks people relying on it. When people rely on it, it inevitably becomes a target for manipulation, which inevitably leads to manipulation. The creation of the "gold standard" a few thousand years ago (by the exact same people as today's "Cabal" btw) is exactly how we got here.

The only path I see is a truly decentralized market (barter system). Even if there is a "standard measure" (which I'm not convinced is necessary) a system of true barter needs to be created or all of the old manipulations will happen again.

The method by which this can be accomplished is by tying non-perishable assets to NFTs and creating a market place for exchange. People need to be taught how to barter, not relying on an intermediary, even if there are some convenient ones to use (PMs or stocks e.g.). I think it is the only way.

1 year ago
1 score