Money – This is insane
Friday, September 6th, 2013I’ve been doing a lot of research on the history of money lately. It’s a topic that less than 1% of people know really anything about, but it’s a really interesting and important topic. Let me share…
Have you ever wondered why stuff gets more expensive over time? I remember when my grandma used to tell me that she could remember when a can of Coke was a nickel (5 cents). You could go to the store and buy 20 cans of Coke with one USD. Hilarious.
We certainly can’t do that now. Why not? You would think that it would be easier to make Coke with all the advances in technology and worker productivity. Why is it so expensive compared to the past?
And Coke is just one example. Almost everything was super cheap before, and now it goes up and up and up. Of course, people’s wages get higher too, but what’s the point in having a higher wage if you have to pay more money to buy everything?
Why can’t we keep prices the same and use productivity gains (the increase in worker performance) to make our stuff cheaper for us?
…OK
Now what about this question? Why do so many countries owe so much money (huge debts) AND why do they have to pay interest on the debt they borrowed? It makes perfect sense if they are borrowing it from another country, but often this is not the case at all. Often countries borrow money from the central banks in their own country. This central banks make them pay it back, and with huge interest.
And who pays the interest? The people in the country, and they pay it all with their tax dollars. This seems totally retarded if you think about it. If the government is spending our own money (the people’s tax dollars) then why would we have a system where they borrow it from banks? Why can’t they just create their own money to spend, and at least that way, they wouldn’t have to pay interest on this money.
It’s true that if the government just makes more money, then all other people’s money would become worth less than before, but that’s better than having the government (ie. the tax payers) pay it all back plus interest on the loans isn’t it?
From my research, I found out that this all has a very interesting history. Powerful bankers are much more powerful than the people (and the government) in a country. They “call the shots”. ”Calling the shots” means to make the important decisions. They are so rich and powerful, and most of this stuff is a secret to most people. And they want to keep it that way.
It’s not a secret that banks are rich, powerful, and have a lot of money. But it’s not at all very well known what the hell is going on “behind the scenes”. That means “outside of public awareness”.
I’d love to hear your opinions on this topic of money. Please answer:
A) Why does everything keep costing more and more money? Is this a good idea? Who is it helping and who is it hurting in your opinion?
B) Why would a government have a system where they ‘borrow’ money from banks, instead of just making it themselves to avoid having a debt with interest that the tax payers need to pay off? What is going on?
Even if you have no idea, don’t be shy, just take a guess and share your opinions with us. We’d love to hear them.
And if you are interested in this topic (which you really should be, it’s awesome when you start getting into it “for both men and women”) then you should check out these 3 awesome full length movies “documentaries” that I have downloaded and put in the kick ass VIP community. They are some of the best videos I’ve seen. You will love them, and learn a lot of cool English too. I guarantee it 