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   Hoss Delgado (hoss@shitpost.cloud)'s status on Thursday, 10-Apr-2025 09:49:08 JST Hoss Delgado
   When you really look at the function of money through the base function it,'s supposed to serve in civilization, its function is beautifully simple: money is credit you earned within a civilization for performing tasks you wouldn't have done without incentive. As a reward for contributing to the system in a way you otherwise would not have, you are given a universally trusted and accepted unit of exchange is accepted by other people who are also performing tasks they'd rather not be doing. You spend your time doing things you'd rather not have to do, and in exchange, strangers will do things for you they'd prefer they didn't have to do in equal exchange. This is how we were able to scale up from living among small tribes where everybody had personal connections to massive civilizations full of strangers, and the system has worked beautifully when it's been respected. We haven't respected the system for over a century now, and that's why things are fucked up. Units that are meant to represent an expenditure of effort towards maintaining civilization by an individual are now printed by the trillions with none of the labor it was traditionally supposed to represent behind it. The modern monetary system is a mockery of the technological innovation of currency that allowed us to originally build large civilizations numbering in the millions, and the only reason the mockery goes unnoticed is because of generations of conditioning for respecting this paradigm and a widespread belief that our leaders won't corrupt its civilizational purpose for their own benefit.
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     Hoss Delgado (hoss@shitpost.cloud)'s status on Thursday, 10-Apr-2025 09:58:53 JST Hoss Delgado

     in reply to

     • 🌲-alist
     The interesting thing about money is that in a system where all participants are honest and not malicious to the societal order, there really would be no difference if the unit of exchange was a gold coin or a specially marked slip of paper. Obviously this is not how reality works, but this basic thought experiment should make anybody with a three-digit IQ wonder why fiat currency overtook metallic/bimetallic systems when in a vacuum where all societal actors are honest they function quite similarly.
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     🌲-alist (threalist@social.fbxl.net)'s status on Thursday, 10-Apr-2025 09:58:54 JST 🌲-alist

     in reply to
     Money is a medium for exchange.
     
     They're messin with the medium man.
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     Hoss Delgado (hoss@shitpost.cloud)'s status on Thursday, 10-Apr-2025 10:09:05 JST Hoss Delgado

     in reply to

     • The Notorious D.O.G ☦️?️
     I just refilled my extended release Ritalin after being off it for a couple weeks, so no.
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     The Notorious D.O.G ☦️?️ (notoriousdog@eveningzoo.club)'s status on Thursday, 10-Apr-2025 10:09:06 JST The Notorious D.O.G ☦️?️

     in reply to
     Brevity negro, do you know it?
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     Hoss Delgado (hoss@shitpost.cloud)'s status on Thursday, 10-Apr-2025 10:10:07 JST Hoss Delgado

     in reply to

     • volkris
     Feel free to enlighten me.
   • Embed this notice
     volkris@qoto.org's status on Thursday, 10-Apr-2025 10:10:08 JST volkris

     in reply to

     @Hoss No, you're oversimplifying what money is and how it works, and so you miss the way that it dovetails with modern financial systems.

     Hoss Delgado repeated this.
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     PodunkPotato (podunkpotato@nicecrew.digital)'s status on Thursday, 10-Apr-2025 10:37:25 JST PodunkPotato

     in reply to

     • volkris
     not really. Money in specie works exactly like that. The effort put to mine over millenia has been pretty consistant as a measure of value and it fills all the other criteria that define a medium of exchange. The problem is that modern financial systems don't use money. They use debt. They are not the same.
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     PodunkPotato (podunkpotato@nicecrew.digital)'s status on Thursday, 10-Apr-2025 10:39:21 JST PodunkPotato

     in reply to

     • 🌲-alist
     • RichardKuklinskisHeavyHeadTrip
     A mental exercise. There is only one bank. That bank has $100 and loans it out with the expectation of being paid back $110, can the debt ever be paid off?
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     RichardKuklinskisHeavyHeadTrip (richardkuklinskisicyglare@nicecrew.digital)'s status on Thursday, 10-Apr-2025 10:39:22 JST RichardKuklinskisHeavyHeadTrip

     in reply to

     • 🌲-alist
     • PodunkPotato
     All the dollar is, is debt to the jews 😏 so every dollar created and every dollar spent is debt. It's their jewish babylonian money majick where you can get basically instant gratification using their promissory note to pay for everything, but the backing of that money doesn't exist and the value still has to come from somewhere in order to have a legit means of exchange. A promissory note just means you promise to pay up the real money at a certain point, but it never does get paid, it's still always owed, somehow all owed to the jews since it's their promissory note being used. that's just the money the goy gets to use, the jews having the power to issue credit and currency has unlimited amounts for themselves for their tribe, without debt or anything. meaning they literally get EVERYTHING they want for free as long as they give the stupid goy this fake money that the dumb goy thinks is real and issued by their government because the jew cleverly called "Federal Reserve".
     Hoss Delgado repeated this.
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     PodunkPotato (podunkpotato@nicecrew.digital)'s status on Thursday, 10-Apr-2025 10:39:23 JST PodunkPotato

     in reply to

     • 🌲-alist
     We don't even have fiat, we have credit.
     Hoss Delgado repeated this.
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     御園はくい (hakui@tuusin.misono-ya.info)'s status on Thursday, 10-Apr-2025 13:01:52 JST 御園はくい

     in reply to

     • 🌲-alist
     • PodunkPotato
     • RichardKuklinskisHeavyHeadTrip
     @PodunkPotato @RichardKuklinskisIcyGlare @Hoss @threalist that's why the bank insists the loan must be secured by property
     
     and then over time they end up with everyone's property
     Hoss Delgado likes this.