Making Money is a scam in a world of fiction

[Richard]

“The truth is often obscured by a veil of complexity” ~Infinite Play

Making Money is a Scam (in a world of fiction)

In a world of fiction making money is a scam. Over the course of time
there has been a transfer of power from the “value” creators and the
genuine value they create to the “transaction” managers and the owners
of the symbol used to represent value, and the symbol itself. The
value creators are then charged for the use of the symbol. The symbol
controllers create the symbol out of nothing at zero cost and sell it,
it is genius idea from an ego perspective but it is not sustainable.
In other words the symbol transaction managers are able to usurp
genuine value from the system without contributing any considerable
value other than entering accounting transactions into the system. So
in this world of fiction importance is placed upon the symbol and not
the value it represents and everyone is doing whatever they can to
obtain monetary units quite often using deception, gimmick, providing
illusionary value or selling at an artificially inflated price rather
than genuine value creation.

The transaction and symbol managers yield an unnatural power because
they control the supply of monetary units to be used by the producers
and consumers at anytime they can reduce money supply creating
scarcity and conflict between the producers and consumers. They wield
the power to decide which endeavors are funded and who gets loans
often favoring those that support their scheme. This gives them the
false status of Gods and the bank is the temple of worship as they are
the source of all sustenance because one needs the symbol or account
number to buy food, and obtain shelter. They become the source of all
sustenance.

Making money is not a scam (in a world of truth)

In a truth based world making money is not a scam. The difference is
that in the world of truth the producer is the creator of money, not
the banks, because they are the creator of genuine value and therefore
wealth which in a world of truth is naturally reflected in their value
exchange account balance. In the world of truth the consumer is the
validator of the creation of value and therefore wealth. The consumer
credits the account of the value creator in proportion to the amount
of value created. In the world of truth the focus is on the creation
of value and not the obtainment of monetary units which naturally flow
to the value creators, the producers are the true makers of money.

In reality the banks do provide a small amount of value they: Track
transactions, Evaluate Risk, Create Debt (new money), Ensure Debt is
repaid (future value is created), and calculate interest (their
profit), which represents the proportion of your wealth they get for
allowing your participation in the economic system. Of course they
only loan the amount of the principal into the economic system so in
order to pay the interest back as a whole the “whole” of consumers
must borrow more creating a perpetual cycle and eternal servitude with
cycles of boom and bust, each bust resulting in the conversion of
their intangible symbol created at zero cost into tangible assets like
land as some of the consumers will always default by design and lose
their collateral.

Truth calls into question the price charged by the bankers in this
game of monopoly for the use of their symbol and the tracking of
transactions. The mark up or margin on the minimal actual cost of
entering transactions into a computer system is substantially far more
than it would be in free and natural market. In the seven years
leading up to 2008, FDIC-insured commercial banks made an average
pretax operating profit of $142 billion, for basically entering
transactions into a computer system and tracking them. These are very
expensive key strokes. Combine this with the Wall Street Gamblers that
create no genuine value but take billions of dollars of value out of
the system, food from mouths of the starving children, and you can
understand the cause of the major economic imbalance we currently
have.

The actual cost to manage the value exchange transactions, for the US
financial system would be less than 100 million dollars for
approximately 12 data centers with server farms and administrative,
technical, managing and auditing staff.

If we really have a free market then the consumer / producer should be
able to switch to the more efficient lower cost monetary system.
Many do not realize that when the US went off the Gold Standard in
1971 to a fiat currency the worlds monetary and financial system
became nothing more than an accounting system. With the high priests
of money having the power to create the transactions they became the
source of sustenance. The Federal Reserve controls and owns the master
chart of accounts making them the high priests.

The economic constituency needs to create a new choice for themselves,
a new value exchange accounting system that is fair, equitable, and
sustainable supporting a natural market. Read http://coinage.me for
comprehensive understanding of the flaws of the current system and the
design for the new and be sure to read The Money Changers. It is time
to throw them out of the temple once again, for good. If you care
about the starving children in the world send this page to everyone on
your mailing list so they begin to see through the illusions
surrounding money.

~Richard Thomas Gerber

Power Questions

When does it make sense for the citizens (government) to create a debt
instrument to create money and then have it given to the banks to be
loaned back to them at interest (profit)? Why must citizens borrow
money twice?

If a house still provides the same shelter as it did two years ago how
could it have lost half it's value two years later? It still provides
the same value in reality. Perhaps the way the value is determined is
a fiction.

http://illusions.me/scam/