United We Stand!

in #joy7 years ago (edited)

Divided we fall. - Competition has always played a key role in many aspects of life's evolution. Nonetheless, I chose to seek solutions to ultimately put an end to the initiation of violence because everyone’s life would be better off if it could be achieved and because there is insufficient evidence to prove violence is necessary.

No matter how formidable and daunting this task might seem, I do not know of any more enjoyable cause.

Redistributing Power!

Governments are today's most violent institutions. The truth is they simply can't exist without resorting to violence. As Sun Tzu put it: "The art of war is of vital importance to the State. It is a matter of life and death, a road either to safety or to ruin."

To reduce the power of governments without the use of violence, people must be able to create and secure value at a greater rate than those governments.

Through various systems, governments currently create their national currencies out of nothing and ultimately decide who are the beneficiaries of this newly created money. It is those mechanisms of money creation which need to be outperformed so that the power to create money slip away from governments' hands.

The reasons are pretty obvious and are best described with the following quote of unknown origin. "The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again."

Cryptocurrencies are a new technology which first emerge in January 2009 with Bitcoin. Since its inception, Bitcoin has been outperforming all national currencies many times over and thus has begin to shift the power to create money away from governments.

There are currently hundreds of cryptocurrencies. Bitcoin is still the cryptocurrency with the largest market cap (the value of all existing Bitcoin).

The market cap of all cryptocurrencies currently sit at $101B ranking them as the 72th biggest company.

Though these market caps are far from being the whole story, if the current trends cryptocurrencies have been on for the last couple of years hold, they could very soon pose a real challenge to all national currencies and eventually to the very survival of countries as we know them today.

It is these trends and their implications which I'll be expanding on further in my upcoming posts.

Understanding Money Shall Upset You Free!

Before going deeper into cryptocurrencies, I'll explain what are national currencies so as to understand what are cryptocurrencies are up against and also because this understanding has been one of the most enlightening and uplifting understanding I've ever had.

National currencies are fiat money which mean they aren't back by anything. Who has the power to create and distribute fiat money is of capital importance for the whole of human society and in today's society a real problem.

Nobel Memorial Prize in Economics, Maurice Allais has so clearly highlighted this fact when he said:

"In essence, the ex nihilo money creation practiced by the private banks is identical -- I do not hesitate to say this because it is important that people understand what is at stake here -- to the manufacture of currency by counterfeiters, who are justly punished by law. In practice both lead to the same result. The only difference is that those who benefit are not the same." [source: La crise mondiale d'aujourd'hui]

Easy Money With A Twist

Broad money is also called M3. It is the broadest definition of money. [source: wikipedia]

  • $83.6T World M3 [source: cia.gov]
  • A list of the M3 of each countries can be found on cia.gov.
  • 3481% more US money in 2006 than in 1959 [source: Fed]
  • 26% more US money in 2017 than in 2006 [source: cia.gov]
  • The US Dollar's purchasing power is less than 5% what it was in 1913. [source: Fed]
  • The official publication of the US M3 has been stop in March 2006. [source: Fed]

Money Is Created Out Of Nothing!

When I first began to learn about the whole subject of money creation it all felt surreal. It still does to some degree even today.

After much reflections and a thorough investigation, I came to realize that what Mr. Allais's quote was describing was in fact very real. National currencies are created out of thin air, benefiting their creators at the expanse of everyone else (through inflation).

More precisely, money is created out of nothing, then who take possession of the newly created money is decided by some institutions. Explaining money creation's fundamentals by anything else than: "Who get what percentage of the newly created money." is unnecessarily complex whether its by design, with the intent of obfuscating the facts or simple ignorance.

On the subject, the prominent economist and best-seller, John Kenneth Galbraith wrote: "The study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it. " as well as, just a couple pages later "The process by which banks create money is so simple that the mind is repelled." (Source)

I find these 2 quotes to be so fitting in describing the situation my mind felt in, when I was beginning to learn about money creation.

The Money Masters

I bet a lot of people, if not most people, can't conceive the creation of national currencies to be so simple and unjust, at least that was my case. So whether or not national currencies could just simply be created by what seems like magic and then arbitrarily added to the bank accounts of some people, I found it would be utterly irrational not to investigate. So investigating money creation I did.

After investigating money creation for many hundreds of hours spread over more than 12 years, I can say there isn't anything that come close to this mind-boggling 1996 documentary "The Money Masters: How International Bankers Gained Control of America".

Right from the gecko, the movie is packed full of reffrenced quotes from important figures of history making a lot of its most fundamental claims easy to verify and research.

There's no need to watch this documentary to understand what my upcoming posts will make clear in regard to how cryptocurrencies are a growing challenge to governmental institutions and how they could possibly lead to their demise but because of what I've already explained about the documentary and money creation, I duly encourage everyone to give it its chance, at least it first 5 minutes.

Though it contains some inaccuracies and some speculations passed as facts, it is hands down the most enlightening documentary I've ever seen, among the thousands of hours of documentary film I've ever watched.

I distance myself with what the movie propose as solutions to money creation, now that cryptocurrencies are providing much better solutions than what was available back then. I also distance myself with the movie director's views in particular his political views.

This documentary, "The Money Masters" have the potential to teach more about the fundamental of US history and history of humanity at large to most people than they ever learned before in their entire life.

The movie runs 3h30 and I've first watched it in 3 different sessions. I've now watched it more than 2 times since that first time.

How are the far reaching repercussions of money creation being kept under wrap, never very seriously discussed, is a far reaching topic in itself which I plan to touch upon in upcoming posts. Some aspects of this are discussed in the documentary.

Enthusiastically Seeking Solution!


It seems the world we live in is very different than what most people have come to believe. I'll reiterate why by mentioning Sun Tzu's quote: "All warfare is based on deception."

Trying to deceive one another is part of this merciless competition which has played a key part in life's evolution through out the past billions years but as I've already said, we should definitely look to do away with all of this nonetheless.

One of the main aspect of curtailing violence is to share our most empowering knowledge, because fairly redistributing power while minimizing possible abuse is our best bet to try to keep everyone from resorting to violence.

Being able to securely store and exchange our labour is another fundamental aspect of curtailing violence. Because if some people can rob others by creating money out of nothing, diluting people's purchasing power, then sooner or later these people end up with everything and everyone there is to own.

Comparing Currencies

This simple comparison can help people understand why cryptocurrencies are shifting power away from central authorities and how this is greatly benefiting everyone.

National Currencies

  • The cost of creating new money is negligible.
  • The future creation rate is unknown and decided by a small group.
  • They can be counter-fitted.
  • Nobody knows exactly how much money there is.
  • Benefit those who benefit from the growing money supply, at the expanse of everyone else. (It's that simple.)

Bitcoin

  • The cost of creating Bitcoin is non-negligible.
  • The exact future creation rate is known.
  • They can't be counter-fitted.
  • Everyone can know exactly how much Bitcoin has been created.
  • Benefit everyone fairly.

Sharing Empowering Knowledge!

The seemingly inescapable relation violence has with evolution might not be so inescapable after all. One thing is sure though, maximizing my life's enjoyment while seeking to put an end to unnecessary violence, is the single most fundamental precept guiding my life.

The knowledge I've acquired about money, cryptocurrencies and everything else have allow me to live a good life which I'm very grateful for.

Let's share our knowledge, knowing full well that the content of those bits of knowledge we're sharing is just as important as how they are presented.

My life isn't perfect but like Steven Wright said:

I intend to live forever. So far, so good.

and

You can't have everything. Where would you put it?

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Approving My Witness!

Would you consider voting for my witness here as to help us Steeming the world we all long for? (Your 30 most important Steem votes.)

Thank you for reading and for commenting! I read all comments!

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Link to documentary is broken try this instead:

Again, a fantastic post and a topic I have been wanting to study in more depth, so thank for that link. Also, thank you for adding a link to my Steemfest2 Giveaway, as I hope there are many more submissions!

I am learning a lot from you as a friend, and I think your contributions are quite needed for Steemians.

Thank you! I do have one question: once the money has been printed, into whose bank account does it go?

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Something like 97% of the US Dollars are not actual printed bills. Do you mean once they are created in a computer ledger or as cloth bills you can hold?

Most are kept in accounts as 0's and 1's. The governments issue bonds that banks and other governments purchase. It is a big circle jerk in other words.

Our "Federal Reserve" buys the bonds for example. Basically, that is the banks that run this tax farm buying their own debt. It is a scam.

Where does it go? It goes from one bank account to another, or the banks sit on it to maintain their solvency (not go broke from bad decisions).

That is what happened in 2008 for example. Our government created a bunch of new currency to bail out a bunch of institutions that had made bad decisions.

They lost their bets, and tax payers paid the losses.

upvoted and followed...!!!!

Who Can Support my journey?

Is crypto going to be the next currency in the world?

Thanks for the great post and good information! This stuff is hard for people to even think about. The more we break it down to simply concepts, the more easily the truth will be understood.

Fiat currency is a control mechanism. It is used to siphon wealth from the productive to a small group at the top. They do the siphoning by direct taxes and through indirect taxes (inflation).

Inflation is just an increase in the money supply. The current system does not work and would collapse on itself without continual inflation too. That should be people's first clue to why it is bad for us.

People will say, "But we need the banks for credit." No, we do not. You want to launch an expensive project? Use crowd funding. Raise the money. I reject the notion that credit is required. Banks should not be allowed to use fractional reserve lending, and they should not lend funds they do not have.

Governments will say that they need credit because they are in the habit of spending money they do not have. They do that on purpose too to maintain control and keep people in perpetual debt whether they realize it or not. That perpetual debt is the taxes you are required to pay in the future.

I keep telling people to prepare for the day when their fiat currency buys nothing. Will you still be fed? Will you still be warm? How will you protect yourself? Do not depend on a pension, your 401K, or any other source of fiat income.

Sure, use it while you still have it, but do not depend on it. Get yourself setup so you can survive without fiat. How do you do that? You do it through having crypto, precious metals, items valuable to barter, and skills valuable to share.

Awesome comment, upvoted!

A picture says a million words i heard, i thought this would be suitable ( ;

That's literally brilliant.
Thanks for expounding.
100% true, no rounding.
these orders of the new need a pounding

Thanks @splendour from @universalway and crew

You make a very valuable comment.

I'd say before cryptocurrencies the best money was debt-free government created money. No governments have to borrow money to anyone ever they can create debt-free money as many did and still do to some degree today.

As being able to live without being dependent on society and fiat-money, this is priceless...

It may not be debt free however it still requires an initial investment, just like everything else in life.

It still create inflation but debt free fiat-money can be created and as been in the past.

Crypto is changing the world for the better. We cannot easily make transactions in precious metals of course, and crypto can be moved across imaginary lines between tax farms instantly and without risk. The best part about it, as you already pointed out, is that current oligarchs cannot control it.

Words of a true #libertyprofessional @finnian. Thank you @teamsteem for your refreshingly insightful article. Resteemed for the greater good!

Great comment upvoted!!!

well said! Currency tied to nothing is leading to the state's rapid debt and then collapse. I'm not hoarding gold bars in my house or anything, but people really shouldn't rely on paper forever.

Great Points in this comment we upvote this one.

Very interesting article .@arifulsms

nice one awesome

vote got me a lot of @rikijungge. because I am a child just learning steamit.
on my blog there are many good reakreasi good.
Greetings steamit indonesia

Thanks for the post.

Decentralized

We all have same goal, in a manner we all want to make society decentralized and I am sure that there will be everything decentralized in future. Decentralized police decentralized governance system everything is changing so fast. Crypto-currency have started the Idea and it's not gonna die. Everybody in here knows the value and importance of it.

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Image source

Tedx talk on decentralized society

This is superb. Made me sit up when he pointed out cyprus confiscated 40% of their citizens' assets

I haven't seen that talk. I'll take a look.

very good and informative post. fully upvoted you. Many thanks.

Let's work towards a society where all human interaction is voluntary!

"One of the main aspect of curtailing violence is to share our most empowering knowledge"

This is so true, yet so threatened in today's world. Internet censorship is becoming a trend now a days, especially in social media sites. That is one of the reasons why I like Steemit so much.

However there are other social media sites that are combatting misinformation and censorship like onG.Social. If you have not heard of this I encourage you to look it up. It will be huge in the next years, and it is very much aligned with what you talk about here. Cheers!

I also like the core values ONG.social stands for. Add the hard working team and the up and running service and you have an ICO that could be huge...

Excellent post and I agree with the majority of it, except the categorisation of 'money'. Money needs to be a store of value before it can be classed as money. Fiat currency is no longer a store of value because it is just inflated away, the same amount of money 10 years ago no longer has the same purchasing power it does today.

So money is not created out of nothing, currency is.

No matter what we define it as, the concept of decentralisation is a process that we MUST go through in order to progress.

I understand the distinction. Still fiat money is called just that, fiat money. I know it's not money and currency could be considered a more appropriate term.

But that is the point, I don't believe the average joe gets the distinction, they get paid in their fiat currency and go along happily with their everyday lives.

I think if we are to go through this metamorphosis as a society, then we need to start calling things what they really are, but more importantly we need to help others understand.

The only metamorphisis in society will be the evolution of direct democracy.

Direct democracy is the solution.

I really agree with your opinion @munchell

Thanks for the link to the movie dear @teamsteem!
I will be interested to see it!

Awesome! I hope you'll enjoy it!