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Money is stored labor. Labor is part of human life. To devalue money is to debase life.
THE ORIGINAL 90% SILVER ROMAN DENARIUS
DEBASED TO LESS THAN 5% SILVER - BY 350AD IT WAS WORTHLESS
STEALTHFLATION: An intractable economic condition that inevitably arises as excessively issued fiat based currency compulsively pursues non-productive wealth assets in a grossly over-leveraged economy, which has been artificially reflated by the Central Banking authorities in a misguided attempt to synthetically engineer growth via extreme monetization. (ie: Money Printing & Interest Rate Suppression)
This ill-advised monetary regime effectively prevents the real economy on the ground from realizing the normalization of free market forces necessary for genuine capital formation derived from productive actual earned savings, which is essential to generating legitimate and sustainable economic growth.
Under the imposition of StealthFlation, asset prices are inordinately inflated while the generative velocity of money is extinguished. Worse still, the seeds of hyperinflation are sown, as the compromised overtly financialized economy becomes increasingly dependent upon the interminable monetization.
It’s not about new Stock Market highs, nor the Dollar and U.S. Treasury safe haven
bid. It’s about tomorrow’s confidence in our monetary system……
Are you confident in the malignant malfunctioning monetization?
THEY WILL REFLATE
THERE WON'T BE GROWTH
THERE WILL BE BLOOD
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Profit is wealth in the form of money. Profit has no bearing on the actual value of a product, yet it is in the form of money.
Money has no actual value.
If you think money and profit are some kind of stored labor, rather than the imagined value of whoever is willing, or able to pay the most for something, you are a sorry fucktard.
We're talking about what money is supposed to be here, not the abomination that it has become today......
Get a grip, and get hold of yourself jethro...........
"We debased some folks..."
Best post award.
There is a worldwide war on the successful & prosperous, and it will only get worse.
Money is not stored labor, it's only a means of exchange. Actual goods and products are stores of labor as they are the fruit of labor. The idea that money can buy all of the fruits of labor is a false one and it seems to be the premise of most conversations concerning money. Not everything is for sale and thus, money has only the ability to be exchanged for goods that are currently for sale. Money is far from stored labor and to consider it as such is a mistake of the first order.
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Gold is money, everything else is credit.
Credit is not a store of labor.
Money is not only a means of exchange, but also a store of value............same as it ever was bub.
That entirely depends on what your money IS. I'll grant you that it's a store of value, but it's a manipulateable store of value depending upon the substance utilized to represent it. It's a LOT more store of value if it's extremely difficult to produce copies or counterfeits of it as opposed to it's being a digital or paper representation. The pile of ancient gold coins recently found in the Levant, or the cans full of double eagles found a couple of years ago in the foothills here will, with a scale, spend/trade (numismatic value notwithstanding) just as well as they did the day they were manufactured for just as much "stuff". Not so with the 2 - 100,000 Reichsmark notes a friend framed and gave to me after finding piles of them used for wall insulation. They are but mere curiosities. (Unless you count "R" value as an alternative store :-)
Me thinks you maybe confuse "money" and "currency".
If you own a rare painting of high value it's a form of "stored labor". One can sell it and buy products and labor. Gold (money) is like owning a piece of a rare painting (or all, if one has a lot) -- it's savings, it's a wealth reserve asset, nothing more nor less. Gold's value is that it's easier to store than gasoline or a cow and such.
“Like a bitch in heat, I seem to attract a coterie of policemen and sanitation officials. ”
The meaning of 'money' in the view of (interchangeably), a retarded third grader, or a Huffington Post bimbette...
http://www.huffingtonpost.com/2015/03/05/what-is-money-explained-video_n...
About all I can say is just..... WOW!
If at any point we wish to come out from under the control of the bankers we must engage in a dialog with the WalMart crowd. Talking and commenting here to like minds will not do the trick. I have tried to reach the WalMart crowd but my delivery was clumsy and not brimming with confidence. With any message the messenger is critical. Take a lesson from the ad agencies who sell beer and burgers by showing thin people indulging on the products. So any of you articulate good looking Zero Hedgers out there should reach out to the masses. It is the only way I see out of this mess.
Activism is the new sexy- Apathy is so yesterday- Get out there and sell it.
Keep 2 or 3 Mercury (actually Liberty, but everyone calls the 1916-1945 series US dimes "mercury" dimes) dimes on your person. Any time you are at a gas station and someone complains about the price of gasoline comment "It's as cheap as it's ever been in history", and then point out, with a couple of the dimes, that they still purchase the same or more gasoline as they did 75 years ago. Note that it isn't gasoline getting any harder to make or aquire, it's the money losing it's value. This pretty much never fails to raise an eybrow at least, and have a new person to the fold going off to spend hours Googling PMs, the FED, monetary policy, etc...
„Fragen und Antworten über weibliche Kriegsgefangene und Sklavinnen“
http://www.stuttgarter-nachrichten.de/inhalt.islamischer-staat-anweisung...
Het script voor de 3e SpinozaGolf staat (volgens netwerk Juncker) nog steeds niet vast. Natuurlijk anticipeert de ECB hier al op door degenen die denken dat de rechtstaten in de eurozone als eerste de dogma's van het systeem 'Liegen om te Leven' zullen loslaten (actie: weigeren om de rente op staatsobligaties te betalen) de mogelijkheid te geven om de staatsobligaties van de hand te doen.
http://www.volkskrant.nl/economie/ecb-start-met-opkopen-staatsobligaties...
Ook doven zijn welkom in de evoluerende werkelijkheid van de '1' en krijgen ook al de informatie dat 'Groot-Brittannië, de Verenigde Staten, Frankrijk en Italië zullen worden afgeslacht'. Ofwel de 'Logica van de 1' heeft geen boodschap aan de belangen van de verschillende landen, maar wil meteen wereldwijd een cultuur-verandering.
http://www.volkskrant.nl/dossier-islamitische-staat/is-ronselt-nu-ook-in...
Premier Rutte wil nog steeds dat Nederlandse jihadisten in Syrië of Irak sneuvelen dan dat ze terugkeren. Deze opvatting staat symbool voor de weigering van netwerk WitteGejT om zich te verdiepen in de context van de 'wiskundige definitie van de absolute waarheid'.
This is correct. The value of all currencys is dervied essentially from the time and energy of the users of that currency, made manifest in the form of goods and services.
Those who print money have a means to constantly and directly extract that energy in a way that is unseen.
The money you've worked for equals the years/days/hours of your LIFE.
To steal your money is to steal your very life.
Then don't work for money or don't save it and of course this isn't true because no one gets paid to sleep and most people only work 40 hours or less in a week which has 168 hours.
Do not store your labors in ways that can be taxed or stolen. Keep your savings secret from ALL but your heirs and you might just keep it long enough to pass it under the table to those whom actually deserve it.
The creation of money allows us to accumulate our labor's fruits for planned future use instead of working for what we need at the time we need it. Instead of going out to hunt or gather whenever I become hungry, I can 'work' at a prescheduled 'job', get money, and store the value of my work. Then I can buy food from some food-seller to eat when I get hungry. The nobility of work is the ability to take care of one's own needs, to provide for one's family. Money allows that work to be performed in a more planned way, which helps us become more efficient and get more done.
But money also allows out labor to be bought and sold by others. In a way, it makes whores of us all by putting a price on our labor, by turning it into another commodity that can be traded freely on the open market.
It also makes our labor something that can be stolen much more easily. And through the creation of debt, an claim can be made upon one's FUTURE labor, and the labor of others not even born yet.
Rubbish. Money is quality, nothing more, nothing less; though debasing it does have the same effect on your life.
Apart from all the quibbling about the present nature of money, I would tend to agree with the larger point and then simply observe that it is not the only way to store labor. In fact, it is increasingly madness to rely on currency as a store of labor or value.
People can store their surplus labor in real estate and capital goods, and then redeem the labor value via barter or rental.
Keep real estate out of it as each year TPTB steal a little back to buy votes and line their pockets.
Randy Newman - I Think It's Going to Rain Today
https://www.youtube.com/watch?v=J4c54PAzXrM
John Trudell - Mining our Minds For The Machine
https://www.youtube.com/watch?v=6GgUyZ4F7CU
The devaluation of the Denarius just proves that paper money is not the problem. Quantity is the key. When you buy gold or silver you have to trust on the weight and purity. I doubt anybody here test their bullion for purity, so at the end of the day it all depends on trust.
https://play.google.com/store/apps/details?id=se.brolinembedded.bulliont...
Yea, that's a real pain in the ass to use.
The title says it all.
If more people in the general public understood the nature of fiat money and fractional reserve lending and credit, The Federal Reserve Bank would no longer exist.
The concept that a bank can gain the benefit of interest on the equivalent of 30 (any figure) years of your labor with a signature and a few keystrokes not only makes a mockery of your work but also adds the injury of stealing a portion of the value of that very labor.
"The process by which money is created is so simple the mind is repelled." - JK Galbraith.
It seems to be the truth to those I try to explain the nature of the Ponzi scheme to which they are unwitting parties. I'm the loopy conspiracy guy who always talks about stuff we are not the least interested in. We get a paycheck so were doing alright. The real problems are gay marriage or obstructionist republicans.
"Excuse me, it's time to go watch the news."
'Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants
but debt is the money of slaves.
'Norm Franz —
".....your daddy's in the den,.....shooting up the evening news; your mama's with a friend, lately she's been so confused....honey, let me introduce you, to my red-necked friend".
Sorry, but the vast unwashed----which includes everyone here is so far from any kind of organization acting in concert, as a union against ANYTHING we may know and understand needs drastically to be changed, for our own good.
I can't count on my neighbors understanding the simplest things that they do to harm themselves.
This, in a town of 300 homeowners. Imagine trying to consolidate, say, 3,000,000 which is what it would take to make any kind of impact.
We are caught in a situation where a few human beans ostensibly "represent" us when in reality they are in back rooms all over the world arranging things, making lucrative deals to benefit themselves to our detriment, and they are embodied in INCUMBENTS of both parties, mostly due to seniority not moral courage, to do the right thing.
Corruption is endemic, possibly never more so than now, but without a benevolent dictator, there is only "hope, the thing with feathers".
"Money is stored labor."
That may have been true at one time, but no longer. Now money is debt backed by violence.
Ok let's rephrase. Money is purchased with labor (debt is payed by future labor). Labor is a portion of your life spent to purchase money. To debase money is to debase your labor and the part of your life spent earning it after you have already been paid for it. It is to retroactively decide your life is less valuable.
Exactly...So the rub was found in debasing everyone elses future labor thus making (enslaving) them to work for you.. We've in fact debased everyone's labor. Today if you work, you are an idiot. As an example, my kids orthodontist is $750,000 in the hole without a practice, he will have to borrow another $500,000 to establish a practice. So, in effect,, his labor is completely already devalued. Now for the "capital" that currently employs him, its a different story--it has managed to devalue labor to the point that it generates profit for it
One of my hobbies is "picking" as in American Pickers show. I taught my kids how value went by showing them an antique bottle. We looked it up in a guide and it was worth 30 dollars.
My kids were excited, since I only paid 5 dollars for it. Then I told them that the local antique store would probably give me 10 dollars for it. No way Dad! The book says it is worth 30!
Kids, the bottle is only worth what I can get for it. I explained to them that doubling my money was still not bad, but that things(including currency) are not necessarily worth their face value. They are only worth what you can get for them! Trying to put a real value on anything in FIAT is like chasing the wind, no matter what it is supposedly a store of.
Cash - what you guys all call "fiat" isn't money. They're ration tickets. Got brands slapped on them so you can tell which is which. USD = Nike, GPD = Reebok etc etc. All brands fall out of fashion, in time. Then new ration tickets will come into favour. But don't worry, you can collect them all!
Would be nice if its bankster blood and not sheeple blood, but history does not support that. I just hope it does not get so bad that there is no way for me to avoid getting my blood mixed in with the sheeple's.
I can only imagine your disappointment after you placed so much of your faith in SYRIZA.
?
They have just begun to fight...................they simply bought some crucial time........
Late June, when the big money is due to the EU, they will surprise............
Yanis is the man.............
Debt that cannot be paid, won't be. Per capita, Greece is more solvent than its' Western creditors. Yanis will only be 'the man' when he tells them to fuck off.
agreed
Stop whoring for Wall Street.
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
" THERE WON'T BE GROWTH " and that is bad? It implies that if there was "growth" then this would be good. Really? Here's Dr Albert Bartlett to explain how misguided and arithmetically illiterate that statement is....
https://www.youtube.com/watch?v=F-QA2rkpBSY
The greatest shortcoming of the human race is our inability to understand the exponential function.
Of course, that's an excellent much larger point sir. You certainly can't have unlimited growth on a finite planet with limited resources.
However, in this specific monetary context, without "growth" an economy based on a fractional reserve monetary system simply implodes. Thus, without growth, there will be blood.....
Capiche?
"You certainly can't have unlimited growth on a finite planet with limited resources."
False dichotomy.
You can have a seemingly unending variation. Virtually all the life that ever existed and life's by-products, which is huge and varied, has been recycled into new life and life's products.
3.8 billion years worth.
there is no legal money printed by the fed, check the constitution to see what REAL money is.
this crime is the root of much of our problems - although congress does get off on it.
Au contraire, mon ami. With growth, an economy based on fractional reserve monetary system also implodes.
Doctor, doctor, my brother thinks he's a chicken. How can you help him. Here, take these two pills and have him swallow them. He'll be fine in the morning. But doctor, you don't understand. We need the eggs.
You think you're cute don't you?
Why are you fuckin' with Bruno?
Don't be cute.
Not necessarily. But with the short fingered characters that are running the Fed, IMF, and Investmet Banks ...well..of course.
Dup.
Stop whoring for Wall Street.
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
Gold also represents stored labor [the time and energy it took to mine, refine and smelt it].
This is why gold is money.
Conversely, fiat represents a debt which has yet to be paid [an IOU] redeemable only for more IOU's which does not meet the definition of money.