Money
Please read/watch some of the items on the Resources page for a basic understanding of what money is and how it’s been misused to virtually rob the whole world. Be sure to also read this link about impending global financial crash likely in the near future.
Money is not intrinsically evil but is in fact necessary. Barter only works on the smallest scale for a limited time, so there needs to be a medium of exchange accepted by everyone as fairly representing the value of labor. As explained in the referenced articles and videos, this medium of exchange or currency must have the following properties:
- Fungible: Interchangeable; that is, every unit is equal to every other unit. It might also include the quality of anonymity, such that there is no personal identification associated with a given unit.
- Divisible: Able to be broken down into fractions practical for the smallest exchanges of goods and services.
- Portable: Easy to carry and exchange. In this era of electronic finance, portability should also include the ability to transmit over long distances, and to make backup copies to minimize the risk of loss from accident or theft.
- Durable: Able to withstand frequent handling over long periods of time.
- Non-consumable: Having the property of being valued yet not widely used for daily consumption.
- Scarce: Difficult to obtain and process, so that the currency cannot be devalued by either government or many people creating their own.
From this list it should be obvious that no fiat currency should really be called currency at all. Fiat, as the link explains, simply means “by official decree or edict”. That is, a government creates the currency out of thin air and controls the supply, neither of which have any necessary connection to actual value or commerce. And it is this control which has been criminally abused in order to steal the wealth of all who must use it.
But not all digital currencies are fiat, and not all physical currencies are actually physical and tangible. Central control does not safeguard money to a greater degree than decentralized currencies. Scams and hacks are not vulnerabilities restricted to any truly peer-to-peer network, since fiat money is stolen every day, whether digitally or physically. So the ideal currency is one that is tied to the value of labor yet not capable of being corrupted, while also being easily exchanged over any distance.
The fundamental principles of finance are not widely (if at all) taught in public schools at any level. And this is by design, since an ignorant populace can be unwittingly robbed on a daily basis by people they’re told to trust as experts in finance. Such people are also easily “spooked” by any perceived threats to the status quo, which is why non-fiat currencies such as Bitcoin are routinely vilified and slandered. The only thing people are taught by which to judge a currency is whether they can pay their taxes or hold physical money in their hands— though most fiat money is digital now, yet this doesn’t seem to bother them.
People should take responsibility for their own financial education, rather than remaining dependent upon government schools. Study the foundational principles of money, and learn to recognize the many ways in which fiat controllers rob you of the money you rightfully earn. And the best way to identify a true threat to the fiat system is to take note of what it tries to outlaw, regulate, or attack.