Think the Unthinkable About the Markets? [View article]
Matter can be neither created nor destroyed. Wealth on the other hand can. Whatever form of paper we use to represent wealth unless backed by something of equal value has the true value of processed cellulose (or paper). Bury a stock certificate or $50. bill in the ground and it will revert to irredeemable cellulose. Either created with no labor, or intrinsic value behind them, or based solely on -(non payable)-debt is nothing more than cellulose and trading them for something of true value just pollutes the value pool and eventually leads to a future devaluation of the whole.
It will take some time to reestablish a pool of true value and legitimate debt which will be paid. Establishing trust will take somewhat longer.
The first step will be to stop printing paper which looks like currency but represents nothing but cellulose with ink on it. This infects true currency which someone labored for, and will diminish it's-(true currency's value) worth proportionately. To the point it will require greater and greater amounts to purchase the same goods-(inflation)-and ultimately is no longer accepted at all.
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Matter can be neither created nor destroyed. Wealth on the other hand can. Whatever form of paper we use to represent wealth unless backed by something of equal value has the true value of processed cellulose (or paper). Bury a stock certificate or $50. bill in the ground and it will revert to irredeemable cellulose.
Jul 16 11:15 am
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All Comments by CaptBob »Think the Unthinkable About the Markets? [View article]
Either created with no labor, or intrinsic value behind them, or based solely on -(non payable)-debt is nothing more than cellulose and trading them for something of true value just pollutes the value pool and eventually leads to a future devaluation of the whole.
It will take some time to reestablish a pool of true value and legitimate debt which will be paid. Establishing trust will take somewhat longer.
The first step will be to stop printing paper which looks like currency but represents nothing but cellulose with ink on it. This infects true currency which someone labored for, and will diminish it's-(true currency's value) worth proportionately. To the point it will require greater and greater amounts to purchase the same goods-(inflation)-and ultimately is no longer accepted at all.