I’ll be honest I don’t feel like responding to every single one of these points. I think I summed it up pretty well in the last post even if you disagree. I’ll respond to one or two or a few, which I think covers most of your points.
Stuff being made of literal money - this isn’t really true because you can extract more of it and recycle it. It’s also not just one metal but many metals. The way it worked in history, is that gold was used for things like large transactions, and long term savings, where most people used silver as the everyday currency. Copper is also a good option, relatively valuable but also very fungible with the downside of oxidation which silver and gold doesn’t have at normal temperatures. You can also have iron, nickel, platinum, and other coins. One of the core ideas is that the state doesn’t issue currency directly, as they like all human beings are not responsible enough to have that kind of power as a monopoly, but they simply ensure fair use by making counterfeiting and fraud illegal. This is how much of human history handled money.
An economy without inflation or debts isn’t bad. It is bad for the rich, but not for the workers. It’s bad for the rich because mega corporations cannot compete with small businesses in a hard currency system. In the past things were worse because of technology. They didn’t have much of it. It’s a different era now.
Hard currency doesn’t appreciate just because you are rich. This happens in fiat currency systems. The reasons corporations snowball in wealth, is because they have access to low interest and no interest loans, and real valuable assets where workers do not have any access to any valuable asset to store wealth in. The most valuable asset a worker has that actually holds value is a home, and even this has lost about 30% of its value over the past 50 years, despite being higher quality. It also isn’t a long term store of wealth and has property taxation attached to it, which means the only people who can ever get wealthy in our society, are people who get past a threshold of about 20+ million a year currently. They then snowball towards being extremely wealthy just on compound interest and stock appreciation alone. For every 1% of people who get wealthy this way, 99% of people get poorer year after year, and with absolutely no control over this process, as is the entire design of fiat currencies.
Also to close, I would like to just say, that virtually every human who has ever lived in history would disagree with your fiat currency nonsense. It wasn’t until the age of mass media and compulsory education that governments and corporations could really force people into paper money and 401ks. It has been tried a few times in history, always by tyrants, and always has directly preceded the complete collapse of their society and culture.
This is because the most valuable actual thing on this earth is people, and if people are not treated with decency and paid fairly, then your society collapses. You cannot cheat people out of their wages. America as well has degenerated nonstop since it’s adoption of fiat currencies. Economic growth in real value has been stagnant since the 70s. Most of the fake stock market is IP and real estate bubbles and overpriced companies that will never recover the valuation that they have in real value, only through inflation. Fiat currencies have also created a situation where the old and adults in general sell away their children’s futures and force them into debt without their consent so they can live lives of opulence and excess without having to actually work for it. This scam has went on for so long that now nearly half of Americans cannot find a job or will not work for the terrible wages and our IQ is dropping, and less then a quarter of people even own property without debt. The ones who do mostly own a worn down old wooden house. This is what fiat currency creates. It is find mentally just greed and unfairness and irresponsibility and an attempt for a terrible and inefficient state and corporate class to cling on to power for another century until the people starve and finally overthrow them.
I’ll be honest I don’t feel like responding to every single one of these points. I think I summed it up pretty well in the last post even if you disagree. I’ll respond to one or two or a few, which I think covers most of your points.
Stuff being made of literal money - this isn’t really true because you can extract more of it and recycle it. It’s also not just one metal but many metals. The way it worked in history, is that gold was used for things like large transactions, and long term savings, where most people used silver as the everyday currency. Copper is also a good option, relatively valuable but also very fungible with the downside of oxidation which silver and gold doesn’t have at normal temperatures. You can also have iron, nickel, platinum, and other coins. One of the core ideas is that the state doesn’t issue currency directly, as they like all human beings are not responsible enough to have that kind of power as a monopoly, but they simply ensure fair use by making counterfeiting and fraud illegal. This is how much of human history handled money.
An economy without inflation or debts isn’t bad. It is bad for the rich, but not for the workers. It’s bad for the rich because mega corporations cannot compete with small businesses in a hard currency system. In the past things were worse because of technology. They didn’t have much of it. It’s a different era now.
Hard currency doesn’t appreciate just because you are rich. This happens in fiat currency systems. The reasons corporations snowball in wealth, is because they have access to low interest and no interest loans, and real valuable assets where workers do not have any access to any valuable asset to store wealth in. The most valuable asset a worker has that actually holds value is a home, and even this has lost about 30% of its value over the past 50 years, despite being higher quality. It also isn’t a long term store of wealth and has property taxation attached to it, which means the only people who can ever get wealthy in our society, are people who get past a threshold of about 20+ million a year currently. They then snowball towards being extremely wealthy just on compound interest and stock appreciation alone. For every 1% of people who get wealthy this way, 99% of people get poorer year after year, and with absolutely no control over this process, as is the entire design of fiat currencies.
Also to close, I would like to just say, that virtually every human who has ever lived in history would disagree with your fiat currency nonsense. It wasn’t until the age of mass media and compulsory education that governments and corporations could really force people into paper money and 401ks. It has been tried a few times in history, always by tyrants, and always has directly preceded the complete collapse of their society and culture.
This is because the most valuable actual thing on this earth is people, and if people are not treated with decency and paid fairly, then your society collapses. You cannot cheat people out of their wages. America as well has degenerated nonstop since it’s adoption of fiat currencies. Economic growth in real value has been stagnant since the 70s. Most of the fake stock market is IP and real estate bubbles and overpriced companies that will never recover the valuation that they have in real value, only through inflation. Fiat currencies have also created a situation where the old and adults in general sell away their children’s futures and force them into debt without their consent so they can live lives of opulence and excess without having to actually work for it. This scam has went on for so long that now nearly half of Americans cannot find a job or will not work for the terrible wages and our IQ is dropping, and less then a quarter of people even own property without debt. The ones who do mostly own a worn down old wooden house. This is what fiat currency creates. It is find mentally just greed and unfairness and irresponsibility and an attempt for a terrible and inefficient state and corporate class to cling on to power for another century until the people starve and finally overthrow them.