New World Order and One World Currency

[Alertandawake]

Looking at the direction this world is going, looking at people's spending habits, have people notice a pattern, especially since the arrival "the credit card" . What amazes me is that a number of people don't truly understand just how bad these credit cards can be if you don't know how to use them properly.

The real danger comes when people are in a situation to use a credit card to pay off another credit card (this will never pay off the debt owed, but will always increase more and more). And how many people today are in so much credit card debt, all because they had to buy stuff, but didn't physically have the means to pay for them?

Remember the days when people can look around in retail shops, and if a customer was to say they were saving up, that was it. Now today customers get offered payment plans or interest free plans to buy certain goods (and these interest free plans are a scam, especially if said payments cannot be met)

Looking at matters from a financial point of view (as we both know, one can buy with money/assets they own, or one can buy on credit), I wonder, can a "Global Currency", especially in the world of digital money, could such a system make a person always in debt? Imagine a system of commerce where people who are buying, are always buying on credit, and never able to pay off the debt incurred?

 

[Karraster]

Money is an illusion. It does not exist as most percieve it, as it has no intrinsic value because it is backed by nothing. Digital money is not a huge leap when we realize the illusion. The difference I would imagine, is that cash transactions will no longer be hidden. Everything will be tracked. No more money in the cookie jar saved for a rainy day.

And yes, from birth we are indentured via our SS#, courtesy of our g'ment (US). We think we own our homes, that too is an illusion. See what happens if you don't pay your property taxes every year, you will loose your home. Our automobiles must be licensed and insured or they are yard ornaments, so in reality, we never really out right own anything, except our will. Essentially, no matter how you slice it we live in debt to the g'ments, who exist to collect for the world bankers perpetually.

 

[breno785au]

They want you in debt because they get more money.

Money too is worthless as karraster had stated.

 

[Zi]

This is not my home. My life begins when I leave.

I have no desire to attain these temporal things as if they speak as my legacy.

I get what I need. All else will require maintenance that I've no desire to give energy towards

 

[Inquistor]

Money is an illusion. It does not exist as most percieve it, as it has no intrinsic value because it is backed by nothing. Digital money is not a huge leap when we realize the illusion. The difference I would imagine, is that cash transactions will no longer be hidden. Everything will be tracked. No more money in the cookie jar saved for a rainy day.

And yes, from birth we are indentured via our SS#, courtesy of our g'ment (US). We think we own our homes, that too is an illusion. See what happens if you don't pay your property taxes every year, you will loose your home. Our automobiles must be licensed and insured or they are yard ornaments, so in reality, we never really out right own anything, except our will. Essentially, no matter how you slice it we live in debt to the g'ments, who exist to collect for the world bankers perpetually.

Has anyone on this forum ever studied the U.S. Constitution? Specifically, I am talking about Article 1, Section 10, Clause 1, "No state shall ... make ANY THING but gold or silver COIN a tender in payment of debt.

The United States is a collection of states, so that clause applies to ALL states!

 

[Karraster]

Has anyone on this forum ever studied the U.S. Constitution? Specifically, I am talking about Article 1, Section 10, Clause 1, "No state shall ... make ANY THING but gold or silver COIN a tender in payment of debt.

The United States is a collection of states, so that clause applies to ALL states!

Seems they are in violation. Uh oh.

 

[Inquistor]

Seems they are in violation. Uh oh.

Yes, indeed, and guess what political party took the United States OFF the "gold standard!" Do you know who FDR was?

 

[Karraster]

Yes, indeed, and guess what political party took the United States OFF the "gold standard!" Do you know who FDR was?

Yes I know. But then, didn't JFK issue "real" money? He was a D as well. That path could have loosened the strangle hold of the Fed. It was rescinded tho, pity. However, I have come to believe the 2 party system is deceiving. There is not a dimes worth of difference anymore. A better question I think, is whether a person is an individualist of collectivist.

 

[Inquistor]

Yes I know. But then, didn't JFK issue "real" money? He was a D as well. That path could have loosened the strangle hold of the Fed. It was rescinded tho, pity. However, I have come to believe the 2 party system is deceiving. There is not a dimes worth of difference anymore. A better question I think, is whether a person is an individualist of collectivist.

While I have no definitive proof, I believe many of the most powerful people in government (in ALL parties) are members of the Illuminati, while most people deny that group even exists!

 

[posthuman]

Imagine a system of commerce where people who are buying, are always buying on credit, and never able to pay off the debt incurred?

you might enjoy this novel:

 

[Tommy379]

Money is an illusion. It does not exist as most percieve it, as it has no intrinsic value because it is backed by nothing. Digital money is not a huge leap when we realize the illusion. The difference I would imagine, is that cash transactions will no longer be hidden. Everything will be tracked. No more money in the cookie jar saved for a rainy day.

And yes, from birth we are indentured via our SS#, courtesy of our g'ment (US). We think we own our homes, that too is an illusion. See what happens if you don't pay your property taxes every year, you will loose your home. Our automobiles must be licensed and insured or they are yard ornaments, so in reality, we never really out right own anything, except our will. Essentially, no matter how you slice it we live in debt to the g'ments, who exist to collect for the world bankers perpetually.

It's called fiat currency. There isn't enough gold and silver on earth to match the wealth created and exchanged to use metals to exchange it.

 

[Tommy379]

Has anyone on this forum ever studied the U.S. Constitution? Specifically, I am talking about Article 1, Section 10, Clause 1, "No state shall ... make ANY THING but gold or silver COIN a tender in payment of debt.

The United States is a collection of states, so that clause applies to ALL states!

You must not have studied it well either.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

The purpose of that section is to restrict states from engaging in activity that is reserved to congress in section 8, or engaging in activity that this nation shall not in whole.

 

[Karraster]

It's called fiat currency. There isn't enough gold and silver on earth to match the wealth created and exchanged to use metals to exchange it.

"Wealth created" alright, created out of thin air. lol

 

[Miri]

It’s certainly not going to be the euro, that’s for sure.

 

[mj007]

One thing I do appreciate about the Muslim traditions, is that it is illegal to charge interest on money. It is the most ungodly thing we have in the Western world, among all the good we have too.

But it would be nice to have such a law. Money is a transaction. It is not something you make money from within itself! How to get rid of debt? Make it illegal to create debt.

If you want something you got to save for it.
If you want something, and you need to borrow the money, you have to be trusted.

Debt is a way of taking people's stuff if they can't pay. Real estate = physical money. Bank money is monopoly money until it turns into real estate.

It makes sense as to how absurd interest is, and how it's all part of a lie, and a bubble, a pyramid scheme that only implodes when it reaches critical mass.

To simplify it; Say I'm a bank, on the planet Mars which has only just been colonised with 10 people. They have £0 to their name, but all want to buy something off the next person who is charging £100. The bank says they will lend £100 but you have to pay back £150.

They all borrow £1000 but have to pay back £1500 in total. Of course the truth is, they could have said, well, your product is £100 lets just swap. That is a transaction (so is cryptocurrency). But in this case together they owe £500 which they don't have. So the bank says give me your stuff. So they are back to £0, but also not their stuff. So they make more stuff to sell to the next person, the bank gets richer, the people are left with pretty much the same, except they have to work harder. This is the nature of capitalism.

The bubble bursts when the rich get too rich and the poor get too poor. But usually the outcome is war. Inevitable war.

However the good news is, that maybe AI already sort things in a way that people couldn't before (we are in a technological age). Maybe that is why the looming bubble of this time hasn't burst. If you can keep people just about poor but not too poor, then you don't have a problem. But the rich still get richer, but proportionally the poor still get poorer but only in comparison, rather than in comparison to poor.

The greediest and most ruthless tactic of capitalism, is to have people believe that there is simply not enough money for everyone. We are living in that time.

Maybe it is better than war, but taking down capitalism, and interest would be even better.

 

[Alertandawake]

Another reason for so much debt, in my opinion is also the fact that many people are not financially intelligent, don't even have the basic money management skills, in other words if you make $500 a week, don't spend $1000 a week.

The way how interest works is a real problem and really has to looked at right through. Speaking from my own observations, like when people buying essentials like fridges, ovens, and cooktops for example, if people don't have the money on hand to buy such items, they really need to look their finances. These retail shops with their "buy now pay later" arrangements can really leave a person in a big debt.

So many people will never pay off a debt, because they are forever stuck in a the cycle of paying off their interest, that has been accumulated from the other interest, interest on top of interest. And this is the credit card trap, especially when one does a cash advance on a credit card, and uses that money to pay off another credit card. If people are in credit card debt, the best approach is to stop buying on credit, rip up the card, to prevent the debt from getting bigger and bigger.

 

[Tommy379]

"Wealth created" alright, created out of thin air. lol

It is when someone makes something of value, that didn't exist before.

 

[mailmandan]

Another reason for so much debt, in my opinion is also the fact that many people are not financially intelligent, don't even have the basic money management skills, in other words if you make $500 a week, don't spend $1000 a week.

The way how interest works is a real problem and really has to looked at right through. Speaking from my own observations, like when people buying essentials like fridges, ovens, and cooktops for example, if people don't have the money on hand to buy such items, they really need to look their finances. These retail shops with their "buy now pay later" arrangements can really leave a person in a big debt.

So many people will never pay off a debt, because they are forever stuck in a the cycle of paying off their interest, that has been accumulated from the other interest, interest on top of interest. And this is the credit card trap, especially when one does a cash advance on a credit card, and uses that money to pay off another credit card. If people are in credit card debt, the best approach is to stop buying on credit, rip up the card, to prevent the debt from getting bigger and bigger.

You made some good points about people being financially irresponsible. I’ve witnessed people digging themselves into debt, then later bragging about declaring bankruptcy so they end up not having to pay their debt and instead, the rest of us pay for it. I find that sad and despicable! I once watched an episode of “curse of the lottery” on TV and there was a man on there who was singing the blues about winning like $5,000,000, then within 5-10 years later, ended up like $150,000 in debt. Talk about financially irresponsible!

 

[Alertandawake]

I once watched an episode of “curse of the lottery” on TV and there was a man on there who was singing the blues about winning like $5,000,000, then within 5-10 years later, ended up like $150,000 in debt. Talk about financially irresponsible!

A man wins $5,000,000 dollars and ends up with $150,000 in debt? Seriously? That is not just financially irresponsible, that is just plain financially stupid

 

[mailmandan]

A man wins $5,000,000 dollars and ends up with $150,000 in debt? Seriously? That is not just financially irresponsible, that is just plain financially stupid

To be blunt, that is correct.