RE: Monetary Myth-Busting:12 Jan 2021 11:59
Mr Gnome & Sotolo,
The worlds present monetary system and fiscal policies of most governments hasn't been fit for purpose for years, those that control how it works always get more, pay less taxes and don't abide by the rules they inflict on the lower orders who get less.
The UK government instead of increasing the retirement age should give people the option to retire at least five years sooner if they so wish or work part time for the same pay as long as they mentor a younger person to take over their job upon the older persons retirement.
Scrap all the unemployment pay and allowances and replace them with a universal income for everyone, no one benefits by keeping the lower orders poor, if they have a good basic allowance then they can spend in the community and this creates jobs and helps build a healthier and fairer community and world.
https://www.theguardian.com/society/2017/feb/19/basic-income-finland-low-wages-fewer-jobs
Lets face it what is fiat money for the most parts now , a squiggle on the paper or a number on the market traders screen backed up by paper,or most probably nothing more than a trading note or possibly a brick of some yellow stuff called gold that mankind has decided is worth a lot.
How does the stock market benefit the world really, it doesn't in the main, at present the way its run at the present, it doesn't, it creates wealth and in the main jobs of no real purpose other then to keep to keep the pointless casino weighted roulette wheel spinning for the benefit of those that are running it at he ex pence of anyone not an exclusive member.
Although Bit coin has been created out of the aether it has highlighted just how ridiculous the worlds values, monetary systems and fiscal policies are, for this reason alone and as Zambianminer pointed out Bitcoin should be taken seriously, it certainly is by most central banks and politicians the world over who are terrified because Bitcoin has exposed the sham that they have been running for many decades !
The world is in a mess and radical change is needed,its time to create employ people in real jobs and value those that sweep the streets, care for our parks and environment or train to do something of real purpose in health or social care.
National debt , who cares ,pay it off with Bit coin, paper clips or flip flops , its all the same, it's caring for our planet and creating a fainer and caring caring society that netters.