FriarN Posted February 23, 2015 Report Share Posted February 23, 2015 George Lincoln on Money and Other changes needed These are some posts from Youtube, under RVD's videos: MONEY 1.01, the Risk of FREE MONEY: (under 21-02-2015: FUNDAMENTALS OF TRANSITION) ... I want to talk about Money, and what is needed to have a money system that works. Let me keep it simple: If you hand out money easily, to all and sundry: If you print it and distribute as Free, what do you think will happen? Let's compare two types of money: Money-Gold (MG) and Money-Free (MF). Let's suppose that MG gets spent into existence, where money-receipts are created, as exchangeable for Gold in a vault, and they get spent into circulation by the original holders of those receipts - who only spend them in return for tangible, goods, and work of some productive sort. In the second system, people only work 4 hours a day, but get paid for 8 hours. And those people who do not work, also get the equivalent of 4 hours of wages, deposited for Free in their bank accounts. WHICH MONEY WILL HOLD ITS VALUE? Consider that it takes work... To grow food, to build homes and cars, to refine crude oil into gasoline. If people are working half as much, and there is the same amount of money in circulation - or more because of those who get paid and do not work, then what is going to happen to the value of that money. I can tell you: the Laws of supply and demand will operate. More money, and Less work, with less actual food and goods produced, will lead to big inflation. People will have to spend more for those fewer goods that are still available. The message here is, for those who support the idea of money being distributed freely to everyone: Think about what it will do to the economy. Is it really going to give the result that you want? We need reform. In our present system. Banks have too much power, and control too much who gets the cheap money. But let's not throw out the baby with the bathwater. Let's think clearly, with good and true knowledge about our system and how it works. Consult genuine experts, don't listen to those with half-baked ideas that have never worked, just because they are "new and different." Be a skeptic, ask the hard questions, and keep studying and learning: even from those who you think (at first) are not in the same camp that you are. Responses: + A.C. George ("Aristo"): I think we need to take into consideration the part social parasites that control the majority of resources have to play here before we assume that "less work means more inflation". Because a large amount of the work done now is toward destructive ends. How can ware be profitable? How can genocide, environmental destruction and destructive human mutagenesis contribute to the value of any means of exchange? Most exchange is done to serve a monopolistic system of world destruction under the guise of dominating control. How does that influence the estimated value of things? In this overwhelming insanity the "standard work output" of anyone is at best a skewed and distorted variable. In this case the bathwater that seems to set the standards of exchange is overwhelming the baby. More like a giant swamp sucking it in. Remove the destructive determinants and then figure out the value of exchange. Then we can see how much effort in labor as well as creativity (and a little creativity often is equal to a lot of physical or even mental labor) can "balance the books" so to speak. + George L.: Yeah, Aristo, I certainly agree with that. We could improve the efficiency of our economy, and the wealth generated, by eliminating wars and other unproductive "work" + Steve S. : If everybody took some time to watch , The Secret of OZ By a Mr Bill Still , we would have an understanding how money is made and what we can do to fix the system we have now ! :-) Blessings to all..:-) Link to comment Share on other sites More sharing options...
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