Many accuse our Federal Reserve of issuing money that is not worth the paper it is written on, that it is worthless, that it is no longer backed by gold, that it is essentially counterfeit, and that the whole system is one giant scam. However, I say that money is not fake because it represents a concept, future work, and that is why it is valued when it is borrowed, that future work is worth something to the people who do it or to the company that does business for create. products
Now, that does not mean that it is not abused by Central Banks around the world or by the government or by incestuous and unscrupulous individuals who try to hoard and manipulate it. It doesn’t mean greedy people who get in the way and divert your flow without doing a job or providing value, just like lawyers or the government who get in the way of business transactions through unwarranted fees, taxes, regulations and laws, they are not a problem. for the system Any type of corruption or inefficiency damages the system in general, but the concept of the money we use is not false, it represents something very important. And as long as we believe that and have faith in the value of our work or the things we produce, the monetary system is healthy.
If you want to see a philosophical dark side to the greed and corruption of said system, there is a great Hollywood movie worth watching: In Time (2011). The IMDb website has the trailer for the movie that you can check out, the synopsis there says:
“In a future where people stop aging at 25 but are designed to live just one more year, having the means to buy your way out of the situation is an opportunity for immortal youth. Here, Will Salas stands accused of murder and on the run with a hostage, a connection that becomes an important part of the road against the establishment.”
In fact, I bet you would and it’s absolutely crazy and it gets to the point of intrinsic value or money based on work. It’s a sci-fi movie that makes you think.
Of course nowadays we don’t use real money and coins much, most of the money is digital, one and zero and created by pressing a keyboard, unfortunately it can be stolen or hacked as easy as it was created – worried yet? I am to a small degree, I must confess, as there is no doubt that with the future of quantum computing, our digital money, banking system is at risk of a massive collapse, and you mentioned trust, if people don’t trust her. , it fails and then the entire civilization collapses in about 3-5 days, a couple of weeks tops, scary stuff.
Tearing down the current system to spawn a new one, it will be too much change too fast for human civilizations to survive, everyone loses, no one wins and 3 billion people die, it’s not worth the risk to part with the money yet. Maybe in 50-100 years, and certainly not until there is a proven system to take its place. If you ask me, I would say that it would be difficult to convince someone with leadership abilities that now is the time to get rid of the money.
First, we have to find a better method, then test it in a small area, and then slowly scale up, unless you start small, show that the model works without external influence, it is not worth the risk. By all means, test the concept, go from there. So does this mean that Blockchain and Bitcoin are our future? I’ll save it for another article, you already have enough to think about after reading this one.
