What is Money?

Summary

The provided text discusses the nature and evolution of money, contrasting real money with fiat currency, and criticizes the modern fiat monetary system as a tool for control and wealth inequality.

Abstract

The article "What is Money?" delves into the concept of money, tracing its evolution from primitive forms like feathers and stones to today's fiat money. It argues that money is a technology for transferring value, not value itself, and serves as a medium of exchange, unit of account, and store of value. The text criticizes the fiat monetary system, established in 1971, as inherently flawed and destined to fail, suggesting it is based on faith rather than tangible commodities like gold or silver. It accuses modern central banks of abusing their power to print money, devaluing currency, and widening the wealth gap. The author believes that the general population's ignorance about the monetary system allows governments and central banks to exploit them, leading to an over-leveraged and over-valued economic system that makes basic essentials unaffordable for the average person.

Opinions

The author asserts that the entire monetary system is rigged and corrupt, with the Internet providing a level playing field that people fail to utilize due to a lack of willingness to learn.
It is claimed that the majority of people do not understand the concept of money despite it being central to their lives, trading their time and effort for it.
The article posits that money, particularly fiat currency, is a system of control and a belief system, with its value derived from its utility as a medium of exchange, not from the money itself.
The author expresses a strong opinion that the fiat system enriches a few at the expense of the many, leading to a significant wealth gap.
Central banks are criticized for having the authority to print money at will, which is seen as detrimental to the purchasing power of the currency and the wealth of the population.
The text suggests that the government and central banks exploit public ignorance about the monetary system to maintain control and wealth disparity.
The author believes that the current economic system, based on fiat currency, is unsustainable and pushes average people into a cycle of financial struggle, with retirement and financial security becoming increasingly out of reach.

Real Money vs Fiat Money.

Of a number of inventions and discoveries, 5 of them, (Use of a Stone, taming of the Fire, Language, Agriculture, and Money), were undeniably indispensable for us to make this far. These five evolutionary moving parts helped us transition from primates to modern humans.

What is Money?

The moment, the dumbest person sees this topic ask the stupidest question why Money? What’s up with it?

To begin with, let me make a case. Believe it or not, our entire monetary system is rigged and corrupt. And this is not anyone’s fault, there is no one to blame for but ourselves. The Internet has facilitated us with such a level playing field that we all have equal access to everything but what we lack is the willingness to learn and know how viciously we have been scammed ever since. The majority of the world population has zero idea what the hell this money thing is. Despite the fact that we trade our youth, dreams, time, and effort for money throughout our life.

The next question that pops into one’s head is what this money thing has to do with me?

My straight answer is it has a hell of a lot to do with you. Money, in and of itself, is nothing. It is, (a system of control), (belief system), just a technology that moves the value from one place to another and holds value for an extended period of time.

Money can be anything. The few earliest forms of them; Feather, stone, seashells, salt, beads, and tobacco but over time, they transformed and evolved into a metal coin, metal coin into (metal-backed) a piece of paper, and a piece of paper into fiat money.

Money is not the value itself. It derives its value by ( utility) serving as a medium of exchange, a unit of account, and a store of value. It facilitates commerce, trading, transactions, and cooperations across the world. The Dawn of the inception of civilization goes hand in hand with money.

Before the invention of money, the world had a system called BARTER. Barter gave birth to money around 7,000 years back. Since its inception, It took a sundry of forms but fundamentals and functions remained the same. Our recorded history is predominantly punctuated by a series of rises and falls of MONEY and FIAT MONEY.

History suggests that All the empires and Fiat currency are predestined to die and diminish over time. Modern economics is based on the fiat system since 1971. Fiat currency was born out of Human greediness, and cunningness. in old days, money would be backed by commodities (gold, silver), whereas fiat is backed by (Nothing) faith and confidence. Unlike fiat, Money can not be conjured up into existence by magic. Since fiat currency can be injected into a system with infinite supply, your money (wealth) marginally loses the value day after day.

Frankly speaking, modern central banks are the greatest scams. They have the authority along with the printing press by which they can print their way to prosperity at the expense of everyday people and the future. There is nothing wrong with printing money but too much printing drains the purchasing power of the currency.

The Fiat system is enriching only a handful of individuals by impoverishing the vast majority of the population. This is only favorable for a few at the expense of a large number.

The so-called caring government and central banks have been capitalizing on our lack of knowledge of money and willingness to be oblivious to the system.

The price of everything and the system itself are over-extended, over-leveraged, overpriced, and over-valued resulting in a huge wealth gap and all the basic essentials ( education, housing) out of reach for normal people. The system is stealing our wealth ever since but we are acting as if everything is going on in our favor.

The illusion of believing that the government and politicians have the nation’s best interest in their hearts is the biggest crime you can ever commit. Since the birth of fiat currency, people got hooked up into rat-race or cubical. That is, there is no retirement for average people regardless of their savings. Every day people are left without a choice, despite their age, health conditions, they must live paycheck to paycheck.

This system is so toxic that it is pushing average people to the edge.