Money is an imaginative social overlay humans impose upon themselves to rationalize their singular and group interactions.
The primary mission of an operative monetary system is to expedite commerce at distance across lands and seas, and the primary characteristic of money functions is a communication of information. I was already going down that road in my thinking when I found Prof. Blains INFORMATION CHAIN THEORY:
http://www.siue.edu/SOCIOLOGY/journal/blain.htm
I try to discover the natural law - my assumption is that any written law that stands at odds or is any way slanted in error away from natural law, then that written law is somehow faulty.
Natural law says that no man nor woman has ever been born who can go back to yesterday and finish work that was left undone, nor has any man or woman ever been born who can work tomorrow such that tasks left unfinished today will be discovered finished upon rising in the morn.
The only day anything ever gets done is this day. Today.
If human intellectual and physical labor is the source of human products and value, then after the work is finished the product is paid for and this applies from the lowest to the largest collaborative effort.
And if this is true, then any collective debt to a class of special humans called "bankers" is simply a fiction of law due to a faulty imaginative monetary structure. In nature the dead do not serve up food or clothing to the living nor do the not-yet-born. In nature's world, the only debt any living humans owe is to the still-yet-living but older humans who worked yesterday and the days prior to yesterday and from whose efforts we-the-yet-living derive benefit.
There is a reverse hierarchy of truth of information in monetary systems and a certain class of humans who specialize in lying and thievery who derive personal benefit from creation and transmission of lies in money. Any act of lying with money is an act of counterfeiting.
This reverse hierarchy is:
- Generally, lies are easily told with computers and electronic records.
- Lies may be told with paper contracts, but are fairly easy to track and correct.
- Final settlement of all contracts by payment of precious metals such as silver and/or gold tends to keep the monetary communications chain in truth.
"Savings" whether they are savings of precious metals or an ownership position in some kind of business is nevertheless meaningless should some kind of horrific disease wipe all of the younger humans off the face of the earth.
Human society is interdependent and generally so******tic in nature; Joel Skousen exposed in his book THE NAKED CAPITALIST how the communist system is actually created by a class of humans who practice guile and deception to centralize ownership and control through control of the "state." Centralization and ownership of the credit of the people with banks licensed to hypothecate the credit of the people is the fifth plank of the communist manifesto and the center pin around which this latest manifestation of communism is being designed in this US of A.
Theft of the people's credit is at the center of the unpayable national debt - it begins with an improper bookkeeping entry.
This isn't all I have to post on the money subject, nor is this post comprehensive of the direct subject matter; just food for thought.
Levi Philos