Today's money is based on the faith of good credit. In short, it's based on the estimated ability to pay back something in resources. The more the coalition involved in the world market believes you, the more your currency is worth. The U.S. stability is based on the reported estimate of our lands natural capacity and internal industrial capacity to produce and provide collateral (exchange) for cash.
The problem is, that because of this credit system and bad politics, the U.S. has ended up outsourcing its major corporations and most raw materials are imported rather than mined. This disbalance places the U.S. in a position of having very little of our own to pay back if a country wants to cash in our dollars. We would have to resell everything we bought which causes the prices of those things to drop. In short we end up without enough resources to pay up all we owe back.
The government uses this credit system to pay for social programs. The truth is, the money wasn't there to begin with. We just take out a lown from other countries to pay for our internal agencies and programs. The taxes collected does little to nothing in supporting all our expenditures. Which puts us in the worste position globaly to bargain with, and without any infrastructure built to begin supplying in the case we have to suddenly pay everything back or any other country suddenly closes their market to us.
The U.S. doesn't just make up money, nor are our resources the same, we are importing more resources than producing in house. We are borrowing money more than ever on the good faith we can pay it back, which we can't. We are literally in the void of total collapse and only kept afloat by good faith. Politicians have put all their chips in insuring themselves wealth. But sold our country, the people, to everyone else.
If our country has a debt, the people have no money. None. The debt comes first. The more the government spends, the larger that debt gets. The less the people actually have. Our money is only worth what our nation's wallet is. Our wallet is several trillions in debt. That's what your cash is worth right now. A negative figure.
The reality is without cold hard resources, money is worthless. It is a credit that you will have to pay in one way or another. Resources are limited and money is a reflection of those resources. When the resources don't exist you make up ideas and claims to continue borrowing even though you know you can not pay it back. For the elites, they invest in precious metals. Like gold, silver, etc. They become associated with corporations that can provide raw resources. They lock their security in. For the rest of us, we work for a fake credit system that is riding on the edge and have no valuables to live off when a crash comes.
That's partially why economies have ups and downs. Because the faith or the limited controlled resources fluctuate causing the lower tier to suffer horribly while the top bitches about how they lost so much but yet continue to travel the world on private jets using costly jet fuel refined from resources that were imported. They cover their corners. We are left to suffer the outcome.
Stop government spending. End it. Or find a new source of taxes that does not punish people for making money. In fact, the flat consumer tax would fix all the tax issues. The rich will always consume more, the poor less. That automatically fixes the inequality problem. Make products that are sold as raw, tax free, like rice and potatoes, which removes the burden from farmers to pay excessive taxes and selling their products at cheaper more demanded prices which creates more revenue for farmerd. Which refocuses our diets and lifestyles to healthier habits. You reward agriculture, healthy lifestyles, and balance the inequality of the poor and middle class being burdened by unfair taxes. You also need to remove the minimum wage which harms business and under values workers. Have balance tariffs that encourage business in the country and avoids exports from becoming the primary source of supplies. Which increases job opportunities and higher wage jobs for those who currently are working in low wage jobs to climb up to.
The problem today isn't we need higher minimum wage jobs, is that the country has been left with a void of higher wage jobs for people to jump into. Most people working in a fast food restaurant shouldn't be complaining about more pay but better jobs. The fast food chain is not or should not be the first place you should seek as a permanent career choice. Or be left with as your only career choice. A partial responsible factor is the minimum wage. Workers can not be provided with what they are worth so they end up suffering the results of being given bare minimum enforced wages. The highest minimum wage country is denmark and they don't have any forced government minimum wage. They simply work with their work force and their market to provide the best value the job title can offer. They also have the strongest and free market in europe. Their employement satisfaction is also the highest. All because of a true free market. Not like our system which is a mixed market. Using both aspects of a planned market and a free one. The planned aspect is at fault for all the corruption in politicis, wage inequality and monopolies that harm and effectively end up exporting more jobs than creating in house.
A lot is wrong with the idea that money is made up out of thin air by governments and that resources are limitless or infinitely recycled or reused.
- Rensselaer Polytechnic Institute
- State University of New York at Farmingdale
Munk Debate o... - from Munk Debate on State Surveillance
Munk Debate on State Surveillance by Munk Debates on Livestream - Livestream.com
4K Download | Free and useful applications for PC, Mac and Linux
Free and useful applications for all modern platforms. Download video, audio, subs from YouTube, grab photos from Instagram, make slideshows
5 Badass New Sci-Fi Movies You Can Watch on Your Lunch Break
You can watch all of these right now, for free, and in less time than it takes to rub one out! Which I assume you terribly literal bastards
Giant squid! To catch a monster, bring patience and plenty of cash
Giant squid – also known also by their scientific name Architeuthis – have been the stuff of both legend and science for hundreds of years.
SOPA, PIPA, and Google’s Changes to Privacy Settings | Hephaestus Projec...
SOPA and PIPA are two bills that have been temporarily shelved due to public pressure. They are internet crippling pieces of legislation wri
ONYX: Revolutionary New 330-Watt “Plug-N-Play” Solar Panels Being set up...
ONYX: Revolutionary New 330-Watt “Plug-N-Play” Solar Panels Being set up for Public Display
Aaron Barr, Cybersecurity Analyst Who Was Hacked By Anonymous And Infilt...
NEW YORK -- Just last week Aaron Barr, the former HBGary Federal CEO whose email was hacked by Anonymous in February, was "schooling" the FB
Why Internet Trolls Are a Good Thing | Hephaestus Project Blog
It occurred to me recently that a lot of my time online is spent responding to the always dreaded Trolls. They live on blogs, and hide in th
Hands off the Internet: presidential candidate Gary Johnson speaks
Former New Mexico governor Gary Johnson is against the Patriot Act, the PROTECT IP Act, and FCC regulations of dirty words on television. Ca