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| User Info | Viewing it from a distance...; entered at 2012-04-18 19:07:25 | |||
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Ator Posts: 287 Registered: 2007-11-30 UK 
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Hello TF'ers I've been thinking lately about the nature of money and trying to step waaay back to see the bigger picture. I know the current crisis is systemic therefore to comprehend it means that this is the only way it can be approached and so reveal all the connections and outcomes we are seeing and will see Nothing is as over-complicated as money is. When things are difficult to understand entire industries are created around the complexity and feed off it but what if it really is very simple? I happen to believe it is Money is just a store of value representing the worth of physical things and backed by them. When a nation runs a consistent deficit it is entirely illogical as they can by no means hope to pay for what they import. But I see that money takes many forms depending on the use to which is is put and what vested interests think should count as worth the same even if it is money THEY ARE OWED by another I think that a distinction can be drawn between productive use of money in the real economy and the vast array of 'assets' that have been spawned by the complexity of the financial system which have also been used to prop up welfare state type spending. The two are interlinked and inseparable I think the only true way out involves culling the financial services industry back to what it should be along with out of control spending and focusing on trade alone. The hero's of society should be manufacturers, farmers and those who try to keep us alive yet the ones who are paid most produce nothing of value, like their alter-ego kin on the breadline who foreigner pay to sit idle. The entire system seems designed to kill innovation, jobs and hope. Even if it wasn't designed that way, this is the effect The present bail out goes to the worst in society and completely fails to comprehend the best, relying on ignorance and greed to survive. The nail in the coffin of our predicament is that what is left of the real economy is totally unable to bail out the excesses and imbalances of the rest. Austerity will fail spectacularly and so will attempts at printing which will destroy any remaining credibility. The entire system is crooked and only real trade free of phony money and people can save us. The path we are on is doomed because it is so far removed from reality no matter how much they try and connect our survival with it's survival. This is the ultimate lie really - that we don't face a massive change in our society and way of life. We do and the false entries on the books of major institutions should not enslave the rest of us for life when they were unsustainable and harmful in the first place. The financial system needs to be completely reformed or it will destroy our jobs, our currency and our rights as human beings | |||