Can money be wiped out just like ant society that doesn’t use money?

Can it? Yes, it is a human construct. Will it? Eventually, yes! If you look at some of the futurologists like Gene Roddenberry, the creator of Star Trek, there was no money in Gene’s future. Gold, Silver, Diamonds, all lose relevance when you have a meteorite that is for example made of gold of platinum. when humanity […]

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Why do we all have blind faith in fiat currency?

We’ve been taught this way. The majority of the world that is. If I had to fathom a guess, I would say 99.9% of the world population doesn’t know what fiat it, or how it is created, etc. All they know, that all their adult lives, they will live and work for something called money. It […]

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What gives money it’s value since it’s no longer backed by gold?

You and I. This includes the government, and a little bit of faith. A “value” in the fiat world (IMHO) is an abstract term. It comes from demand and supply. What people are willing to assign for purposes of a medium of exchange. In a world of very little items, for example, consider Corn, Rice, Chickens, and […]

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What’s the most interesting thing you’ve learned about money?

That there are TWO kinds of money, one that… Creates Jobs, improves the GDP, increases manufacturing, or provides a service (like elderly care or gardening or mechanic, etc.) The real money goes here. It builds businesses. Land, factory, plant, and machinery, etc. This is what the 99.9% of the people work for.  This is the real world.  This is the world’s […]

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