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for a while now, I believe the banking system is based on birth certificates, and not the common explanation one would find online about how money is created out of thin air or loans.
so I was wondering if there is already some sort of program simulation of a banking system.
maybe The Matrix?
I don't think I want to know...but I guess I ought to ask: HOW is it based off of birth certificates?
Shaggy!! The great reset. WEF.
Wake up
:bigyello:
That's why I cringed when I asked. I know the answer will just create more questions.Quote:
Originally Posted by Arnoutdv
https://www.vbforums.com/images/ieimages/2024/04/15.pngwell, I was trying to figure out how money works,Quote:
Originally Posted by Shaggy Hiker
and most results show this fractional reserve model, by which
money is supposedly created with loads out of thin air.
they claim 1000 dollars become like 10000 because people use each others money as loans, kind of like if 2 people use the same blender, it's like they have 2 blenders.
but it didn't make sense because when someone takes a loan,
he owes more money than he asked for, and it doesn't look like
he could pay the bank with produce of his labor, the bank wants money.
so I dug a bit deeper and some people including the "free men" movement, claim money can be created against birth certificates, ever since they stopped backing cash with gold.
Germany did a similar thing after the Weimar republic, except they backed up cash with labor of construction of infrastructure.
so I think maybe instead of gold they use birth certificates to back up money.
this way they can print as much as they want against future generations and pay it off with taxation. well until inflation breaks it down.
when someone is born, money enters the system, but he doesn't get his money, instead it flows out as the government sees fit.
if the system is closed, and people loan money to create money, where would the extra money come from to cover the debt?
anyways I think it would be an interesting code, maybe it could be called Monero or something.
Money is fiction and always has been. It's just a fiction that we all choose to believe in because it's convenient:
Yap Island Rai Stones
All other money is like that, too. Consider gold, which has been used as a form of currency in much of the world for much of history: It's essentially a heavy, mostly useless, soft, metal. Why does it have value? Because people agreed that it had value. If you have an ounce of gold, you might be able to exchange it for $2000 US dollars today, and you might have only be able to exchange it for $1000 US dollars a year ago. Did it double in size? No, it didn't. Were 10 extra 100 dollar bills printed specifically for this trade? No, they weren't. Somebody just agreed to give you more money. The money doesn't even have to exist, aside from being a few bits in a computer somewhere.
Money is a means to exchange value. It doesn't have to exist, it doesn't have to be meaningful, it just has to be agreed upon.
That's why I've always wondered about these types that "hoard" gold "for when society collapses" because I wouldn't see gold as having much value... I mean... ok, you got a gold coin that weight 4ounces with an eagle stamped on it. Great... what good does that do? I can't eat it. I can't cook with it. But a chicken... now we're talking. That's something that has value. You can make a meal out of it. You can make stock out of it. It can lay eggs, another food source... chickens will be the REAL currency of the next apocalypse... BAKAAAWQuote:
Originally Posted by Shaggy Hiker
-tg