Quote:
Originally Posted by u-Bob
A voluntary transaction benefits both parties. Otherwise they wouldn't voluntarily agree to the transaction.
again, fiat money = debt.
Fiat money = money created out of thin air with nothing backing it.
fuck the system.
incorrect.
fiat money => only benefit those who control the supply of (fiat) money.
money => benefits the entire community because it makes trading goods and services easier.
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all money is fiat money.
let's try use gold as the standard for a moment.
if every human has an equal amount of gold, and no one owes anything to anyone (zero debt), then gold becomes as worthless as a paper dollar. Value created out of thin air.
that's where greed comes into play. one person decides he wants more of the gold for himself, and begins to devise plans to acquire it, while someone else will be standing in line to willingly become a slave (enter into debt) and give it to them. failing that, we only need remove the "willing" part.... create a few "laws", and bang, you have our current system.
if we eliminate greed, why must "money" exist in the first place?
it is not a question of (what you percieve to be debt free money) "money" versus fiat money. All money is fiat money.
it is a question of abundance versus scarcity. If the things you need are abundant, there is no need for debt.
the system already has a price on drinking water, just wait until you have to purchase air.