It seems to me that labour which is part of a trade/barter system is the only true currency in this world. If there is no work involved, nothing really occurred.
Money Creation and Central Banking
- Thread starter Read_Lives_of_Saints
- Start date
Yup! All value is derived from labor / human effort, which is an easy way to see when money is not serving its proper role.
When money can create more money without labor, it should be questioned.
Yes, only money backed by energy is real money, since that is what it is a representation of. The very essence of BTC is an energy requiring mechanism to approve transactions. It surpasses gold because it does not require centralization, thus trustless and permission-less. Only a local barter of gold could even come close to this, and even then you'd need trust through verification (coin, assay, etc) that are basically just good guesses that it's the legit element.
Andrew Tates brother isnt allowed to have a bank account, doesnt own a bank account.
Many people in Europe and the Anglosphere have had their bank accounts closed because of their politics, even some very mild ones.
Three years ago, the Canadian govt invoked emergency powers, meant for use against terrorists, to freeze the bank accounts of people who were protesting against Covid restrictions, as well as people who donated money to them, and even the family members of those people.
After most of the money is digital, it becomes very difficult to function without a bank account linked to your smartphone, which is how the social credit and covid controls work in China.
Why isn´t legislation passed to forbid banks to close accounts for political reasons? Or at best they could restrict accounts to basic operations receiving money and making payments. Did anyone already sued a bank which did this? In Europe there´s a list of fundamental services which have specific laws (water energy, phone, etc) I don´t think banks are included. For a bank to close an account for commercial reasons a much thougher process should be demanded for the bank. Banks are a fundamental service. And need specific law for consumers. It´s different than a restaurant, etc.
Trump son says they went into crypto because of debanking also. Trump is the president and has congress. Maybe he should do something about this. Instead of going around in the middle east doing whatever he is doing.
Play jew games win jew prizes. We have been conditioned by extetior technological (((forces))) to be slaves to money and material possessions. When your spirit and human form grows beyond excessive material need via some form of stripped down monkdom you have very little need for money, much less banks.
This is one reason why Christianity is so powerful, when you center your life around God and doing good works money becomes worthless and banks become irrelevant.
In the show alone. Most people would not last more than 60 days without civilization. One dude killed an ox. That guy would last longer.
Even living in the woods. There will always be a trip to local store buying stuff made by civilization. You always need civilization. The solutions to today problems need to be found within civilization. Civilization being society working together and finding solutions together. There´s no individual solution. The individualistic mindset will not work in a real crisis.
There´s an excessive materialism. People became slave to useless material possesions. Which in reality are worthless. The social pressure to get a new gadget who looks exactly like the previous one. phones, cars etc. I didnt change my iphone 4 I think. Until it stopped updating whatsapp. But once I had a client who bought me a recent iphone. I grabbed the phone he gave me and sold it to a friend and kept the iphone 4 or 7. It was a perfect phone. I would still use it if it updated. It worked perfectly.
It´s even worse cause nowadays new stuff is worse than old one. You are spending money and getting worse products.
Even living in the woods. There will always be a trip to local store buying stuff made by civilization. You always need civilization. The solutions to today problems need to be found within civilization. Civilization being society working together and finding solutions together. There´s no individual solution. The individualistic mindset will not work in a real crisis.
There´s an excessive materialism. People became slave to useless material possesions. Which in reality are worthless. The social pressure to get a new gadget who looks exactly like the previous one. phones, cars etc. I didnt change my iphone 4 I think. Until it stopped updating whatsapp. But once I had a client who bought me a recent iphone. I grabbed the phone he gave me and sold it to a friend and kept the iphone 4 or 7. It was a perfect phone. I would still use it if it updated. It worked perfectly.
It´s even worse cause nowadays new stuff is worse than old one. You are spending money and getting worse products.
This is the labor theory of value, but it really doesn't hold up. If you dig out a basement by hand instead of using a backhoe, it will take a lot more labor, but will the resulting hole be worth more? Worse still if you put a lot of labor into digging a hole then filling it in again. A lot of labor was spent, with nothing to show for it. That labor has produced no value at all.
In fact, the real value of things is what people are willing to pay for them. This can vary depending on many factors including scarcity.
Most of the problems people have with fiat currency and central banking are actually due to the abusive behaviors of the people running the system, rather than the shortcomings of the system itself. This is why Bitcoin is not any sort of panacea. To the exact same extent that Bitcoin poses a threat and wields any real economic power, it will be coopted, integrated and ultimately controlled by the same unscrupulous group of people. Believing otherwise is the height of delusion, hubris and naivete. Bitcoin may be a "perfect" monetary technology on paper, but it doesn't exist in a vacuum - it must be used in the real world by human beings, which is where human nature comes into play and ruins the whole thing. The idea that Bitcoin cannot and will not be corrupted is pure magical thinking without any basis in reality.
Always beware of utopian thinking in a fallen world. It will inevitably lead you astray (and away from Christ, for that matter).
Always beware of utopian thinking in a fallen world. It will inevitably lead you astray (and away from Christ, for that matter).