Making Money is a Scam (in a world of fiction)

In a world of fiction making money is a scam. Over the course of time there has been a transfer of power from the “value” creators and the genuine value they create to the “transaction” managers and the owners of the symbol used to represent value, and the symbol itself. The value creators are then charged for the use of the symbol. The symbol controllers create the symbol out of nothing at zero cost and sell it, it is genius idea from an ego perspective but it is not sustainable. In other words the symbol transaction managers are able to usurp genuine value from the system

 without contributing any considerable value other than entering accounting transactions into the system. So in this world of fiction importance is placed upon the symbol and not the value it represents and everyone is doing whatever they can to obtain monetary units quite often using deception, gimmick, providing illusionary value or selling at an artificially inflated price rather than genuine value creation.

The transaction and symbol managers yield an unnatural power because they control the supply of monetary units to be used by the producers and consumers at anytime they can reduce money supply creating scarcity and conflict between the producers and consumers. They wield the power to decide which endeavors are funded and who gets loans often favoring those that support their scheme. This gives them the false status of Gods and the bank is the temple of worship as they are the source of all sustenance because one needs the symbol or account number to buy food, and obtain shelter. They become the source of all sustenance.

Making money is not a scam (in a world of truth)

In a truth based world making money is not a scam. The difference is that in the world of truth the producer is the creator of money, not the banks, because they are the creator of genuine value and therefore wealth which in a world of truth is naturally reflected in their value exchange account balance. In the world of truth the consumer is the validator of the creation of value and therefore wealth. The consumer credits the account of the value creator in proportion to the amount of value created. In the world of truth the focus is on the creation of value and not the obtainment of monetary units which naturally flow to the value creators, the producers are the true makers of money.

In reality the banks do provide a small amount of value they: Track transactions, Evaluate Risk, Create Debt (new money), Ensure Debt is repaid (future value is created), and calculate interest (their profit), which represents the proportion of your wealth they get for allowing your participation in the economic system. Of course they only loan the amount of the principal into the economic system so in order to pay the interest back as a whole the “whole” of consumers must borrow more creating a perpetual cycle and eternal servitude with cycles of boom and bust, each bust resulting in the conversion of their intangible symbol created at zero cost into tangible assets like land as some of the consumers will always default by design and lose their collateral.

Truth calls into question the price charged by the bankers in this game of monopoly for the use of their symbol and the tracking of transactions. The mark up or margin on the minimal actual cost of entering transactions into a computer system is substantially far more than it would be in free and natural market. In the seven years leading up to 2008, FDIC-insured commercial banks made an average pretax operating profit of $142 billion, for basically entering transactions into a computer system

and tracking them. These are very expensive key strokes. Combine this with the Wall Street Gamblers that create no genuine value but take billions of dollars of value out of the system, food from mouths of the starving children, and you can understand the cause of the major economic imbalance we currently have.

The actual cost to manage the value exchange transactions, for the US financial system would be less than 100 million dollars for approximately 12 data centers with server farms and administrative, technical, managing and auditing staff.

If we really have a free market then the consumer / producer should be able to switch to the more efficient lower cost monetary system.

Many do not realize that when the US  went off the Gold Standard in 1971 to a fiat currency the worlds monetary and financial system became nothing more than an accounting system. With the high priests of money having the power to create the transactions they became the source of sustenance. The Federal Reserve controls and owns the master chart of accounts making them the high priests.

The economic constituency needs to create a new choice for themselves, a new value exchange accounting system that is fair, equitable, and sustainable supporting a natural market. Read http://coinage.me for comprehensive understanding of the flaws of the current system and the design for the new and be sure to read The Money Changers. It is time to throw them out of the temple once again, for good. If you care about the starving children in the world send this page to everyone on your mailing list so they begin to see through the illusions surrounding money.

Power Questions

When does it make sense for the citizens (government) to create a debt instrument to create money and then have it given to the banks to be loaned back to them at interest (profit)? Why must citizens borrow money twice?

If a house still provides the same shelter as it did two years ago how could it have lost half it's value two years later? It still provides the same value in reality. Perhaps the way the value is determined is a fiction.

If $100,000 (unreal intangible) buys twice as much real estate (real tangible) as it did two years ago did not the value of money increase?

Why are bank profits tax deductable? The interest you pay on your mortgage is tax deductable which actually allows the banks to charge you more for interest then you would normally be able to pay. It also reduces public funds, resulting in a need for  increased taxes, causing the citizens (government) to need to borrow even more money at interest to pay the public debt. Is this fair to people who rent?

-Richard Gerber

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