What is money? Where does our money come from?

[kalott]

"But the quotation, it says in Exodus, "If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer. Neither shalt thou lay upon him usury." "

" And therefore, the only people who were allowed to loan were Jews, because they weren't subject to the--even though it's actually the Book of Exodus--but they weren't subject to the same interpretation. So, it was considered immoral."

http://oyc.yale.edu/transcript/1076/econ-252-11

 

[darktone]

A good read, primarily about CBs and the games that go with them.
https://professorwerner.org/category/articles-essays/

 

[ChrisDouthit]

Money is just a thing that everybody agrees has value.

 

[darktone]

Its a bit more than that mate

 

[MasterOfCoin]

Its a bit more than that mate

Indeed.

To readers:

Watch the linked (by darktone) documentary above.

 

[darktone]

 

[MasterOfCoin]

And as to the quote at the end.

It's not just what JFK said, it's what he did.

Look up Presidential Edict 11110 for insight ....

 

[darktone]

And as to the quote at the end.

It's not just what JFK said, it's what he did.

Look up Presidential Edict 11110 for insight ....

Cheers ill have a look

 

[progix]

Money is just a thing that everybody agrees has value.

Everyone agree its value because the central banks print it and circulate since it is a legal tender money so we all have to accept it.

 

[NVP]

Everyone agree its value because the central banks print it and circulate since it is a legal tender money so we all have to accept it.

even people using crypto currencies ?

 

[progix]

Cryptos are still in their infancy.. fiat currencies are evergreen in my opinion for trading.

 

[MasterOfCoin]

fiat currencies are evergreen in my opinion for trading.

If there is one thing fiat currencies most definitively are not, it's 'evergreen'.
They fail. They always fail. & so history repeats ....

It's only because the average lifespan of a given fiat currency exceeds the average adult experience of humans using it that this is not common knowledge, which is fortunate for the bankers enriched by it.

 

[collinchases]

my work give me money

 

[darktone]

 

[Aston1st]

Money in my opinion is confidence. It is a made up concept that requires mass participation. without any ( it can exist with even a tiny bit of confidence ) confidence in the medium it ceases to exist. It exists only in the minds of those that use it fiat or otherwise.

 

[Melodiousmelody]

Cryptos are still in their infancy.. fiat currencies are evergreen in my opinion for trading.

But i think they gonna give a tough competition to fiat in near future.

 

[progix]

If there is one thing fiat currencies most definitively are not, it's 'evergreen'.
They fail. They always fail. & so history repeats ....

It's only because the average lifespan of a given fiat currency exceeds the average adult experience of humans using it that this is not common knowledge, which is fortunate for the bankers enriched by it.

Yet when it comes to forex trading i bet we can make good sum of money while either shorting them when they fail and make hefty profits when they rise. Cheers!

 

[progix]

But i think they gonna give a tough competition to fiat in near future.

You might be right because the era and technology is changing day by day with new innovations like the internet which has changed the history of entire globe so we can expect that the digital coins or assets may replace the entire monetary system or may not..!

 

[darktone]

If half what he says about the structure of a CBDC is true. Not good.

Central Bank Digital Currency: opportunities, challenges and design | Bank of England
Coronavirus Stimulus Offered By House Financial Services Committee Creates New Digital Dollar

 

[darktone]

https://twitter.com/x/status/1267535959542857728