Who Makes Money?

Well, I hope you make money dear reader, at least enough to live, and live comfortably. But that's not really the point here; I'd like to share with you something we should all know about the money we use in our daily lifes, yet still I meet so many that don't...

_{source: PxHere}

I feel like I'm preaching to the choir here, because I know my fellow crypto brothers and sisters are rather knowledgeable about money and the monetary system under central banks. So, view this as a reminder and maybe an introduction for the few that may not yet know who makes our money, and also as encouragement to share this knowledge with your friends and family who are perhaps not so much on the technological, cultural and social forefront of modern peer to peer cryptocurrencies :-)

This is about the money we use in our daily lifes though, the money we use to pay our bills and the groceries, the coins and bills we use to tip the cab driver; where does it come from? It comes from the bank of course ;-) But where does the bank get it from? Here the story becomes unclear to many people, even in this age of freely available information on the internet, still many people don't get this. We've been raised to believe that "the bank" gets it's money from their clients; citizens who have a savings account bring their money to the bank, as well as businesses who bring their profits to the bank, and pension funds who bring money to the bank, and so on. The bank guards all this money, and because it has all this money in their vaults, individuals like you and me can borrow some of that for a small fee called "interest." This illusion is reinforced in many ways; just go to a major bank in any city in the world, and you'll notice it stands out among all other buildings, often with marble floors and walls, reinforced or bullet-proof windows... It's always built to exhale an air of wealth and security.

The truth is, however, that the bank has no money, or almost no money. Instead they have the power to create money. Not out of nowhere, as is so often claimed, but out of debt. When you or I go to the bank to borrow money for, let's say, a house, the bank just creates a new debt, and that debt is the money for the house. Money is created as debt; private debt in the case of a mortgage and public debt when the government and multinationals borrow money. Think about this for a minute, and you'll see this has such profound effects on our daily lifes and our mindsets. These debts enslave us all to the banks and the central banks.

Effect number one is that there can never be enough money on the planet to pay off all debts; only the borrowed amount is "created", but interest has to be payed too. The money needed to pay the interest simply does not exist and will never exist.

Effect number two is that the debts need to be payed back with real money, and that real money is created by the labor of all workers; real work and real production is what creates real value and real wealth. If you've ever wondered why we have to work harder and more hours, why women and students need to work too for the family to survive, you need look no further than this monetary Ponzi-scheme.

Effect number three is that if your country refuses to become part of this global scheme, war is coming your way. Remember George Bush's "Axis of Evil"? Iraq, Iran, North Korea and later Venezuela too; these are all countries that wanted to trade their resources for other currencies than the U.S. Dollar... Now the only countries that don't play this game are North Korea, Iran and Cuba; go back a few years and this list included Iraq, Libya and Afghanistan... Need I say more?

Effect number four: our money is worth less every day. When governments sell you on the idea that 2% annual growth is sign of a "healthy economy", what they're really after is inflating the money supply with approximately that percentage every year. Economical growth in this system is nothing but a race against the growing money-supply. The really sneaky thing here is that this inflation only hurts us and not the ones who borrow the created money, the banks, multinationals and governments. The money only comes into circulation AFTER they've spent the borrowed money, at which point we the people pay with devaluation of our money; the borrowers of these mega-sums still have the full value when they spend it.

Effect number five may be the most evil one; debts make slaves. Literally. Have you noticed a reduced willingness to speak truth to power? Have you seen less strikes and workers organizing in unions to stand up for fair wages? That's because more people are in debt; when you're in debt and need to make sure you make your monthly payments in time to avoid ridiculous administrative punishment, you're less likely to go on strike or to displease your boss in any way. There's no better way to create obedient workers and docile citizens than to let every student start their professional working life with a huge debt...

It's an ugly system whichever way you look at it. A very simple realization is that every dollar or euro I own, is a debt for someone else on the planet. Every euro I own needs to be payed back with interest by someone's sweat and tears; the hard working people in third world countries who's governments have "enjoyed" huge loans from the World Bank (and we call that "aid") in exchange for the privatization of all that was once called "the commons", opening up yet another market to be exploited by rich western multinationals, bear the grunt of that weight. The more money I have, the more misery I'm responsible for... But at least I have my house, car, PC... You see how that works? There's no way to become rich in this system without feeling a little bit guilty about it. Not when you know all this, that money is debt.

Effect number six is Bitcoin :-) :-) :-) And I hope most of you are in this space for the reasons I've spelled out here; out of a real concern about our fiat money system, and not just to get rich quick. I know the og hodlers are, but also that during the pumps most newcomers have dollar signs in their eyes, instead of Bitcoin signs... So spread the word about fiat too, when you're spreading the word about Bitcoin :-)

_{Who Controls All of Our Money?}

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