We're On A Sinking Ship
Does society seem messed up to you? The economic models we have lived by are flawed, where centralized power structures can control the money supply, and print out currency as they see fit, devaluing the money we have that was earned by the time we put in to produce the fruits of our labor.
Commercial banks can create and lend money through fractional reserve banking, money they don't even need to have, at a ratio of 10 to 1. Then we have to pay them back for money they created, and they charge us interest on it, making a profit.
Why can't we get money from nothing without having to pay interest, and just pay back the original loan that goes back into the void from whence it came? That would seem to be the better way for things to work.
The economic model and system we live in, is highly flawed. Economic cycles revolve around money-games, with bubbles booming and busting. People lose money in this grand deception. Many get poorer, and many get richer.
Source
The system has been -- and continues to be -- a sinking ship. The fate of our ship is predestined by those who made the ship/system and set its course. The course has been set long ago by the design of the system being flawed. It was always headed towards an iceberg.
Those who set the ship to sail, either ignored the flawed design that would lead to the sinking of the ship, or knew what they were doing and knew how to make the most profit from the chaos that would ensure. It was set to sink even before it set to sea.
The passengers, all of us, are mostly ignorant fools going along for the ride. We don't know the design is flawed and doomed to fail.
The politics, bills, acts, reforms, bailouts, etc., are all forms of rearranging the furniture on the sinking ship. These mechanisms are set up to distract us from the fleecing we receive as chattel. We are running around trying to reposition and fix the furniture in new places while the ship teeters and totters as it slowly sinks.
Rearranging furniture is the distraction from the acceptance of the current condition: the ship is sinking.
We need to let go of your attachment to the furniture the ship/system provided, stop rearranging the furniture and abandon ship. Get on the lifeboat and abandon the flawed design and sinking ship. We can make new ships that are better, and stay afloat without flawed designs leading us to our doom.
Can we get off the ship in time before we suffer great losses? Maybe the individual can, but can society as a whole?
Cryptocurrency might be such a ship/system that keeps us going in the right direction, avoiding certain failure. Or maybe it's flawed too, and it's going to sink... What do you think?
Thank you for your time and attention. Peace.
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I think people need to wake up to the fact that all currency is debt-based and interest accruing, and issued by a private bank. The issuance of debt-based currency at interest results in more being owed than actually exists. Being forced to work to repay a loan that can never be repaid is financial slavery. At least under the system of indentured servitude you could eventually pay off your debt and be free of the money-lender. Today, no such option exists. What is that?
As to cryptos, I am hopeful if not exactly optimistic. They do seem to be the only recourse to free ourselves from the bankster cartels. With a crypto wallet you are your own bank. With a mining rig you are your own central bank capable of issuing currency and the beauty is you do not force debt on others in doing so. The Hedgeless Horseman on ZeroHedge has discussed this at length including how-to guides. Ultimately however, I think hyperledger or an equivalent will absorb the current blockchain environment simply because it uses less resources while performing the same function (if I understand correctly).
One of my older friends, who thinks banks and the cashless society are great, decried cryptocurrencies recently and asked me where all this "making money out of nothing" would end. I replied the first step is to end the banks who make more "money" out of nothing than anyone else and practice debt-enslavement while doing so.
Central Bankers Never Get it Right says it all.
We all create our own crypto? hehe
If you accept mine, I'll accept yours. Or we find one we can agree on. Voluntaryism ftw!
Ever growing economy based in consumption of resources of a finite planet... It doesn't seem a very intelligent system. No problem... We will look for more planets, right?
Rich people must be already getting on the lifeboats. Then start looking for the next ship.
Haha, yes, sci fi movies teach us we need to go conquer more planets ;)
The corrupt go from ship to ship and crash it ;)
Yeah about the collapse and crypto, I think it will take an initial hit just like stocks, since there are many traders in the space, and short positions that must be coverd, margin calls leading to broad liquidation of assets.
Silver and gold is here and is manipulated to the bottom, silver cant go down in a inflation scenario, not much, and surely will soak up money faster then crypto will, as will art, diamonds, booze, medicine, so I sadly se cryptos contributing nothing here.
In a slow and steady move towards a new system, a politically driven initiative along with the support of the people is the only way.
Company by company must join the alternative system, individual by individual, stop working for money, and only contributing to society.
Was there an alternative prior to the collapse, we would have a choosing at least, so set up a system that is based on block chain and AI. It must distribute resources and work capacity and pay with food electricity and housing.
But this raises the problems with AI : /
We need to figure things out and be responsible, not delegate our responsibility to an AI :/
Agreed, but it seems impossible, dam human nature :)
Nobody invented perfect system yet. When there is no money printing, there is no inflation. When there is no inflation, there is deflation, which is worse.
What happens to bitcoin when there are not more bitcoin being produced then? There doesn't have to be deflation if there is no inflation...
First of all I believe that bitcoin will be replaced by better solutions by the time it will stop being generated by mining (and this time is what, ca. 100 years from now?). Secondly bitcoin can be forked at any moment to prolong its mining. And if TX fee will not cover mining operations, the stopping of bitcoin generation will act as forced upgrade trigger, because miners will drop unprofitable mining and switch to profitable fork.
Deflation is simply negative inflation. How does one prevent deflation without causing inflation? Each day we produce more products and if money amount stays the same, each day its value will increase. And that would cause deflationary spiral which will eventually stop or reduce production and cause other economic problems.
true word! thank you for taking out time to educate someone like me. you are truly one of a kind. thanks.
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Orcas are a truly amazing animal! I hope to one day see one myself:) was very glad to get this post in my feed! Always good to learn more about animals!
Orca's??? That's not what this post is about.. did you reply to the wrong post lol...
I have to agree though... they are amazing ;)
I have no idea how, but my esteem app has posted to the wrong post yes :/ I am sorry guys^^
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great post @krnel. thanks for shearing.