Sensei Posted May 15, 2021 Share Posted May 15, 2021 In "good old times" (before "invention" of financial instruments) money was a tool to buy somebody time of life. e.g. anybody can sow the seed, harvest grain and bake bread. All by himself/herself. But it all takes time. There are easy tasks which anybody can perform with none or minimal schooling, and as a result they have low value per second, and there are hard tasks which have extremely high value per second of work. They require specialist knowledge and/or expensive equipment etc. Wages of working people, prices of products, expressed in local currency, are methods of weighting time of life of different people. The introduction of financial instruments, then movement to "worthless" *) paper (or equivalent) cash, then movement to virtual money in a computer memory/storage, broke the all rules.. *) "worth as much as we agree", which is/can be very volatile (Forex) and artificially intentionally modified.. If everybody would agree "we work as usual and nobody asks for money for anything" entire world would still work, a lot of good things would happen. Nobody would steal and kill for (not existing anymore) money. Crimes involving interception of somebody money would disappear. Narcotics and crimes related to them would disappear. The only narcotics dealers would be the one which are addicted by themselves. Some would say it would be "world of slaves".. But right now this world currently is "world of slaves of money".. Link to comment Share on other sites More sharing options...
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