kybkh wrote: ↑Fri Nov 20, 2020 7:33 amThe first time I was told what gave the $ value in my Econ 201 class, the answer given was so simple it seemed absurd, "faith" I was told. I was too ignorant a student to follow up with a meaningful question, so I have been left to ponder that statement for the last 20 years. The immediate question in my youthful mind was what does faith have to do with money? In the simplest understanding, people have to have faith that they can take a dollar and purchase what they need or want.Martin Hash wrote: ↑Thu Nov 19, 2020 3:54 pmDon’t get stuck in money is a number that needs to balance thinking. The Fed is doing a great job of keeping the plates spinning. It’s all going to come crashing down but not because of monetary policy; my goodness we’re locking people in their homes.
With that simple understanding the next, more complex question is how does a currency derive the ability to be used to purchase the specific goods and services desired by enough people to give it value not only on the local scale (cause you ain't getting shit for seashells around here), but on a global scale?
There's really only one way to ensure the type of acceptance the dollar has in global trade, the barrel of a gun. You can act like goodwill or sound currency policies make the difference, but at the end of the day we all know you take the $ or you are given the bullet. Military dominance ensures the world will accept your money. It therefore provides stability for your currency and faith that you can spend $ wherever you like and if someone refuses, CVN-73 will be arriving shortly.
So, once you get the ultimate credit score earned via body count, you get limitless credit. With that limitless credit, the government can enact any financially unsound policy it wants. The Fed is nothing but a printing press at this point, but its role in how we have arrived to today's pedophiliac utopia is undeniable. It sets the rules we citizens must abide while allowing the govt and entities to play fast and loose with our resources without causing too much immediate discomfort on the American people.
The damage is done now though. The bailed out banks have financed the sale of every major American asset to international corporations for pennies on the dollar. All that's left for the Fed to do is....
So do what the elites are doing - stock gold guns and food and wait for the proles to die off from the collapse - if you’re family makes it through - you’re bloodline will be the nee aristocracy.