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Tourgen on scored.co
1 month ago2 points(+0/-0/+2Score on mirror)2 children
USD is not backed by oil, or gold in Fort Knox. It is backed by A) violence and B) future productive capacity of the USA Empire.
Gold in Fort Knox is WWE for the cattle.
If you truly want to understand money, you must first understand how money is created, and take to heart the literal words printed on USD bills. It's all debt against future A) promised of lethal violence, and B) productive capacity.
If you want to understand how money is _actually_ created within the system in real, tangible terms. Understand how a loan works. You think you know. you don't. you don't even know what money is. Richard Werner knows. check it out https://www.youtube.com/watch?v=CXCMifLZsjs.
do you know how money moves between Europe financial institutions and the USA? Do you know what a credit guidance window is and why we should have 10,000s of banks located physically as close to the lending recipient as possible? with fewer large banks only lending to large, national infrastructure projects? you shouldn't have a credit card from Citibank but from a bank within 10 blocks of your house.
watch Princes of the Yen and learn how destruction of credit guidance windows and the introduction of (((international))) "federal" banking destroyed a nation.
10 mins in he poses the question, "where does money come from?", which is also a reference to his book. this question has real consequences. and it turns out. everyone is lying to you about the answer to this question. they do this because it makes it easier to control you, to scam you, to steal your life and your productivity. it's important to realize the entire financial system is a gigantic scam of smoke, mirrors, and lies. but you MUST engage it on some level to be successful. so do it with a more empirical understanding. real world data. real world tests. what actually works and makes people richer and not poorer.
creating credit (money): 2 streams: the real economy and the financial transactions bullshit economy. the real economy is building real things, building infrastructure, building things that make real things in the real world. loaning out money to these sectors is healthy.
lending money for bullshit financial transactions: this should be MUCH harder and regulated with ruthless efficiency. this is real-estate, stock trading with borrowed money, hedge funds, playing games with financial instruments. This must be crushed, regulated, and only sent a small stream of real money. this is where asset bubbles are created that result in financial crisis.
Gold in Fort Knox is WWE for the cattle.
If you truly want to understand money, you must first understand how money is created, and take to heart the literal words printed on USD bills. It's all debt against future A) promised of lethal violence, and B) productive capacity.
If you want to understand how money is _actually_ created within the system in real, tangible terms. Understand how a loan works. You think you know. you don't. you don't even know what money is. Richard Werner knows. check it out https://www.youtube.com/watch?v=CXCMifLZsjs.
do you know how money moves between Europe financial institutions and the USA? Do you know what a credit guidance window is and why we should have 10,000s of banks located physically as close to the lending recipient as possible? with fewer large banks only lending to large, national infrastructure projects? you shouldn't have a credit card from Citibank but from a bank within 10 blocks of your house.
watch Princes of the Yen and learn how destruction of credit guidance windows and the introduction of (((international))) "federal" banking destroyed a nation.
lending money for bullshit financial transactions: this should be MUCH harder and regulated with ruthless efficiency. this is real-estate, stock trading with borrowed money, hedge funds, playing games with financial instruments. This must be crushed, regulated, and only sent a small stream of real money. this is where asset bubbles are created that result in financial crisis.
the weird looking jew that just moved into town who wants a loan to buy up real-estate and trade on margins: fuck him. he gets nothing.