What is the Currency of the 21st Century ?

 
TheGetRealGuy
 
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TheGetRealGuy
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15 July 2017 15:04
 

As the United States prints the world’s money supply out of thin air it is clear that the hard currency of the 21st century is human misery.
that is why health care, welfare and drugs are essential to ration to only the wealthy.

Money has become firmly a question of faith in money
Warren Buffet or Bill Gates can not cash their billions into pennies, it is logistically impossible. The only real yardstick of their wealth is the abject misery
of fellow human beings. and a belief that it is just and right.

Please address this issue Sam.

 
Twissel
 
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Twissel
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15 July 2017 19:34
 

Cash is just one (minor) form of money.
Always has been.

Credit is what really matters.

 
 
EN
 
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EN
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15 July 2017 20:50
 

The true currency is political power.  It can get you anything the world has to offer, including entire countries.

 
ImaginaryNumber
 
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ImaginaryNumber
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16 July 2017 12:35
 
TheGetRealGuy - 15 July 2017 03:04 PM

As the United States prints the world’s money supply out of thin air it is clear that the hard currency of the 21st century is human misery.
that is why health care, welfare and drugs are essential to ration to only the wealthy.

Money has become firmly a question of faith in money
Warren Buffet or Bill Gates can not cash their billions into pennies, it is logistically impossible. The only real yardstick of their wealth is the abject misery
of fellow human beings. and a belief that it is just and right.


Money - be it pennies, paper dollars, or gold, has always had little to no inherent value (you can’t eat or drink gold, it won’t keep you warm or cure an illness,) and thus has always been based on intersubjective ‘faith’ or agreement. With some caveats - i.e., past a certain tipping point, money becomes valuable to some degree via supply and demand. Whether you personally believe in its worth becomes beside the point when massive numbers of your neighbors are willing to give you real goods and services in exchange for it. That requires a strong base of intersubjective ‘faith’ to begin with, however.


As to your question - misery has arguably been the only currency since time immemorial. First, we generally want to survive. Anything that causes us not to survive - lack of food, water, shelter - makes us miserable. It is via this fact that necessities such as food and housing come to have some sort of worth. Beyond this, we tend to find other things to want (unless you are a cynic of the “Move a little to the right, you are blocking my sun” persuasion, like Diogenes). Some of them have an obvious evolutionary value towards our “original” want (survival,) such as the desire for power, fame, and mates. Some seem to be elaborate systems created solely for the purpose of giving ourselves something to want, for its own sake. Sports, collections, learning new skills, and so on. What inherent worth does it have for a man in a football uniform to place an oblong ball between some chalky lines on grass? If you offered to pay for a new house by telling a banker you would provide the service of placing on oblong ball between some chalky lines on the grass, he would think you were insane. If you are a professional football player and do this very same thing well, and repeatedly, you can certainly finance a house this way, probably one of the nicest ones in the country.


Value is a very strange, elusive thing - but if you reduce back far enough, it always comes back to avoiding misery.

 

 
unsmoked
 
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unsmoked
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23 July 2017 12:09
 
EN - 15 July 2017 08:50 PM

The true currency is political power.  It can get you anything the world has to offer, including entire countries.

Yesterday, in a speech aboard the new $12.5 billion aircraft carrier, the USS Gerald R. Ford, Trump said, “We will win, win, win, never lose. We will win,” Trump said. “We don’t want a fair fight—we want just the opposite. We demand victory, and we will have total victory.” 

Does the U.S. sell weapons to Saudi Arabia . . . weapons that could sink the USS Gerald R. Ford?  http://www.cnn.com/2016/05/24/politics/us-arms-sales-worldwide/index.html

What is the Currency of the 21st Century?  Cooperation with other countries to prevent climate disaster?  Funding clean energy and green technology?  Let China do it?  If pollution makes us richer and destroys the environment (as it has for the past 200 years), we’re going dismantle the EPA, cut funding for clean energy and continue to pollute? 

Money and power will win, win, win, never lose?”