Jun 13, 2021
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Money Is An Illusion

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Photo by Jp Valery on Unsplash

All people use money. Mostly without thinking about what money is and who it benefits. It is simply an illusion and is used for fraud.

But ultimately, every purchase remains a barter transaction: the buyer gives a sum of money to the seller and gets something in return. Both buyer and seller do not need to complete the exchange of the object or service. Therefore, every exchange only comes about when the buyer and seller agree. Or put another way: An exchange for money takes place when both believe the exchange is fair. So both buyer and seller must believe in the value of money.

Money itself consists of completely worthless colored paper or round sheet metal or numbers in a computer. Neither the paper nor the sheet metal can be used in any other way, and the numbers in the computer can be changed.

Many people believe that money is secured by gold or other objects. But gold is also almost worthless: it is a soft metal that can hardly be used sensibly. Its value consists mainly in the fact that all people believe it is pretty or rare. Another belief …

Money loses its value the moment people no longer believe in its value. Presumably, the baker no longer gives bread to the worker in exchange for money if he no longer believes he will get sausage in return.

If all people lose their belief in the value of money simultaneously, it isn’t constructive. All savings are gone. Insurance companies could still pay money — but that would be pointless. Pensions would then also be invalid.

Accordingly, money is only an illusion.

But the biggest swindle is in the production of money. Someone has the ability to produce money without giving anything in return.

In most countries, the state has a monopoly on producing new money. Accordingly, in these countries, the rulers can always print additional money on any scale and use it to pay for goods or services. They often do this to increase their own power. Or they give gifts to the people to keep them compliant and thus strengthen their power.

Banks similarly gain an advantage: they lend out more money than they previously received from investors. This goes well until all investors want their money back at the same time. When that happens, the bank is broke, and the investors no longer get their money back.

Accordingly, it is not surprising that the amount of money in each state keeps increasing. The states and banks do what the people want: they get a lot of money. However, for the mass of people, this is — if at all — only a short-lived pleasure because clever people keep taking their money away from them. Today, less than 100 people own more money than the poorest half of all people put together.

In the past, the money supply kept growing in all states until, at some point, the states or the money collapsed, and it became worthless within a short time. This always happened when people lost faith in the state or money. There is no reason whatsoever why this should be different in the future. In 2008, the leaders and monetary guardians of the Western world panicked that this is exactly what could happen worldwide in the short term.

After the money of the past had become worthless, the anger of the citizens was always great. It was then directed against those who had promised them the value of money: the respective state rulers. At such moments, they could no longer hold on to power and usually lost all their possessions or even their lives. Of course, today’s rulers want to prevent this. To do so, they are constantly inventing new tricks around money so that the illusion of money is not exposed.

So this illusion money is used by people to enrich themselves personally. This makes it a tool for fraud. Probably the most effective tool used to defraud.

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Article Categories:
Banking · Business · education · finance · money

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