[GJM] True or False?

[radu Seserman]

I think this discussion is fruitless. For society it does not matter much who creates money as long as some sort of control exists. What it matters is who owns the assets, including financial assets. A society will do well when the ownership base is broad. Assets tend to accumulate, the more you have the easier is to increase your assets. When the concentration of assets is extreme the society collapses, revolutions happen. 
I think that is highly improbable that the monetary and financial systems will undergo any significant change in the next 100 years. On the other hand, ownership structure can be changed much sooner because it  can be done  progressively with small entities that grow. 

Why not focus the discussion towards ownership of assets, how to create and maintain a balanced and equitable ownership structure?

Radu Seserman
 

Steve Consilvio <steve at behappyandfree.com> wrote:  The government creates currency.  I create money.
What the government wants to collect is money (labor,) but once currency is in its possession again, the government cannot separate the difference between money and currency.  Neither can most people for that matter.


The government also creates money, too, which is an integral part of the problem, (or the absurdity) which then forces everyone to create money. Creating money is what profit and inflation represent.


If perhaps the government only created currency, then maybe men could use money as a system of barter that works.  But once the government introduces profit, the system must grow to collapse.  To be more historically accurate, the government introduces debt, not profit.  Every new government is indebted to a financial ally.  The chains of the past are never cut loose.  To service the debt, there must be profit, and so the dominoes must follow.  Since the government is in debt, it wants a share of people's profits.  Once profit is introduced, the role of the currency is destroyed, everybody must prey on one another to satisfy the government.  However, profit would still cause problems even if the government were better at its role.


Imagine, for example, that the pay rate for everyone was $8 a day.  Everyone was paid the same for work, whether they were a brain surgeon or a street cleaner.  As a result, every product would cost some fraction of $8.  If a car represented 50 hours of labor, then it would cost $50.  Land would be free, since no labor was used to make it.  For that to be possible, the use of money as a commodity would have to end.  The government has less power than the universities and unions and personal pensions financially, but the power to kill keeps them afloat.


In any case, creating a solution is different from diagnosing what is wrong with the current system.  What we have today is a gigantic ponzi scheme going back thousands of years.  Everybody is cost-shifting, trying to get new players to "believe," so they can take advantage of them.  The generation gap is really a marketplace gap between reality and fiction.  Money and currency represent an intellectual agreement.  How we count is the problem, not what we are counting with; the existence of currency, to date, means that we also think we need money (profit,) too.


I'm not sure I explained myself as well as I would like, but the overlap between money and currency is a lot like the overlap between religion, politics and economics.  One effects the other, even though they are different.


peace,
steve
www,behappyandfree.com
 
On Oct 15, 2007, at 6:22 AM, discussion-request at globaljusticemovement.net wrote:

I don't think Steve understands the difference
 between currency and money.
 

 Dan
 



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Radu Seserman

"Be the change you want to see in the world."  M. Gandhi
"Learn from yesterday, live for today, hope for tomorrow." A. Einstein
       
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