Use access key #2 to skip to page content.

alstry (35.77)

The Most Important Lesson You Will Ever Learn.... In Investing and Life

Recs

15

June 02, 2010 – Comments (3)

What is money?

There are Fools that think Gold is money....others think silver is money....some think commodities is money........and of course there is the camp that think currency is money.

EVERYBODY IS WRONG....NONE OF THE ABOVE IS MONEY.

The productivity of humanity is money.....and the moment one loses sight of this fact.....is the intant humanity begins its decent.

If you had all of the paper money in the world AND all of the gold......if you lived on a isolated island (with no outside contact) rich in commodities but no productive means to extract.......none of anything you had would be of value.  You would need productivity to be able use any of the above.

Money and gold are simply a derivitive of productivity......and if there is no productivity, money and gold have no value.  We collect them to simply exange them for productivity, labor and/or goods of others at some future date.

Once you gave government/bankers access to money without limitations of your productivity last March.......you gave up your freedoms.  Why do you think Alstry became so outraged?

Because he knew......that once humanity figured it out, they would stop being productive and the world would shut down and it wouldn't matter how rich you were.......until we figured out a way for technology to replace humans.

There is one other way to extract productivity without money/gold....to be forced to be productive.  Whether you are forced to be productive or give government/bankers unlimited access to your productivity......you are essentially a slave and nothinig more no matter how rich you think you are......

Why do you think debasing currency used to be punishible by death.......in effect, by diluting the derivitive of human productivity......you were stealing another's life.

Welcome to the Digital Age......it will be exciting.

 

3 Comments – Post Your Own

#1) On June 02, 2010 at 7:41 AM, alstry (35.77) wrote:

Now we will learn how money and gold can deminish in value and importance as productivity evaporates.....

The BBC’s business editor Robert Peston said: “Given that BP is a core holding of most British pension funds, that’s tens of billions of pounds off the wealth of millions of British people saving for a pension.

At some point, if we don't restructure soon, the only means man will have to control the little productivity left is to fight and force productivity away from others.....

If men are hungry....and you are productivly growing your own food.....do you think they are going to sit there and watch you eat it?

The solution:  RESTRUCTURE AND REGAIN PRODUCTIVITY.....

Report this comment
#2) On June 02, 2010 at 9:47 AM, Zanibel17 (98.35) wrote:

Thanks for all you do, alstry.

 

 

Report this comment
#3) On June 02, 2010 at 2:05 PM, nzsvz9 (< 20) wrote:

alstry,

You are now refering to yourself in the 3rd person. Even that guy known as nzsvz9 hasn't done that ;-)

Surely money is a medium of exchange - but as I argued before it is NOT a store of wealth - as you argue here in your island hoarding example - the medium of exchange must work in balance with growth in the economy and be accepted as exchange in the market or it respectively looses or has no value. True.

Our money has been untied from a basis and the acceleration of the depreciation has only been stopped by the even more outlandish actions of loose cannon governments around the world such as Zimbabwe, Iceland, Ireland, Greece and more to come. We are the safe harbor, but not forever.

Known as digital age mp3 and analog LP listening nzsvz9

Report this comment

Featured Broker Partners


Advertisement