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The illusion of paper money.
I was trying to find a comparison of to the grand illusion being played out on people
today regarding money,
and the only comparison I could make was back in history
when some people thought
and assumed the earth was flat and people re-inforced incorrect information
and passed that incorrect information onto their sons, daughters.
Even the government repeats the same incorrect information today regarding
the subject: Money.
How the flat earth belief affected their daily lives was based on their perspective
as to if they wanted to speak the truth or not.
The same applies to the money system and the economy.
You can either tell the truth/facts regarding money or keep repeating
the same mis-information as the flat earthians did.
It doesn't matter to me, since the truth/fact will eventually be public knowledge.
There is a cause and effect as to what people/nations use as money/medium of exchange.
This simple truth seems to be omitted from the public and text books.
Enough of the people don't know they are using debt as money don't care since it
doesn't appear to affect their daily lives, but in fact using money affects their lives
in a way they do not know.
Using money in a society always ends up bad situation since their is a scarcity based on
the use of money or what the government deems to be as money within the law.
The government's always deems something not freely available to the people to
be used as money and the simpletons/people just can't figure this out.
There was never an agreed upon medium of exchange and never will be an agreed upon
meduim of exchange amongst the whole population since the purpose of money and it's use in any society is to get some thing for nothing and thus power over someone else.
What has happened is when discussing the subject of money you get 99.99% of the people telling their views of money as if the earth was flat from their view or
they discuss a tree without discussing the roots of that tree.
Thus we have 99.99% of an uneducated public repeating misinformation.
You have 99.99% of people that are re-inforcing and repeating the incorrect information
in media, church, tv, government and all areas of life.
Why do I say "illusion"?
If you look at the earth it appears/looks flat unless you go to the moon or outerspace
and see the the whole earth as the astronauts do or you use a scientific experiment
with a telescope and understand the curvature of the earth.
We are at an almost exact place as when people thought the earth was flat
and or didn't care of the earth was flat with respect to the paper they use as money.
Most people didn't care if the earth was flat since it would not affect their daily living
but some people simply passed on the lie to others.
Why does 2 different people state how money is created and they are totally
different views?
99.99% of the people do not how the commercial banks are creating money
as a number.
To the commercial banks they money is factually a number on a promissory note, not the
paper/federal reserve notes.
A)The public says they are using paper as money (medium of exchange)
they are correct since they are passing around federal reserve notes
and using as a medium of exchange. The public sees their government
is printing up the paper money as their government Bureau of Printing and Engraving.
B)The commercial banks state in their own material "the creation of money takes
place in commercial banks".
The commercial banks create money simply by putting numbers on a promissory
note and put a dollar sign next to it when you go and apply for a loan for your
house or car etc.
The commercial banks are not loaning you any paper money from anywhere from
any account. (re-read this sentence slowly 3 times)
The commercial banks don't loan you federal reserve notes in the loan process.
This is why you hear the phrase "banks create money out of thin air".
The commercial banks aren't refering to federal reserve notes as the money.
So why do the people and the commercial banks claim different things to
be as money/medium of exchange?
Most people would say today, so what as to how the commercial banks create
money as a numbers since it doesn't affect them day in and day out.
The work get paper money for working and buy things at stores.
Even if you explained to someone how money is created by the commercial
banks they just shrug and say I can't do anything about it.
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Once you understand the creation of money by A) and B) then you can
have an intelligent discussion as to the cause and effect of money.
Look at some of the tribes that do absurd things as tradition and put things
in their areas of their bodies.
Using debt as money is just as absurd if you actually know the difference
between using "debt" as money and an "asset" as money.
99.9% of tv newscasters, politicians, your parents, friends, econimic teachers
all don't know >B) how the commerical banks create money.
So we are in the same ignorance as when people believed the earth was flat.
I want you to understand and answer these questions.
1) why does the plaque at the commercial banks state
"backed by the full faith and credit of the United States Government?
2) the government has credit with whom?
3) Since you believe that your governement prints up paper money why would your
government have credit with anyone?
Since people claim the government can and has the ability to print up too much of something/money, why would the govt have 'credit" as stated above?
Reread the below statement 3 times then go reread the above phrase/plaque at the bank.
The government creates the money/paperwhy does it need anyone else's credit?
I hear in media "the government prints up too much money".
These 2 phrases are in conflict with each other and one must be incorrect/wrong.
1) If you had the power to print up too much money would you need to have credit with
anyone? No.
2) Either you believe the myth of "the government" prints up too much money or you believe
the plaque at the bank that states "credit of the United States Government".
You simply can't have it both ways, in that your government prints up too much money
and has "credit".
There is simply no logic on claiming one needs credit and can create their own money/paper.
So until you understand how the commercial banks create money as a number
in the loan process you can't discuss the subject money as the 99.99% of
people on tv, media, friends, family, politicians, economic professors etc are all
claiming the earth is flat and their isn't any roots to a tree.