NotR said:
Money does elevate inequality. I do not mistake it for a cause - it is an element which promotes inequality. How? By distorting human needs. A system which, in abstract, allocates resources from people dying from hunger to people who want a car - an exampe you might appreciate.
Removing money from the equation does nothing to solve that inequality. Nor does the introduction of it to a system where the preciding did not exist lead into it. That people are unwilling to allocate their money to charity, and instead buy a car, is a fault of society and speaks of it's values. It has intrinsically nothing to do with the monetary system, if any, the situation happens in.
Because the situation is the same if a tribal leader will rather spend a day to create an elaborate walking stick, rather than helping out other tribesmen in the fields. The tribal leader, the not-hungry one here, did not use his resources to directly help feed the less-fortunate ones.
Conversely, we did have an attempt where everyone would have equality as far as resources go. If gone far enough, money might have gotten totally abolished in former USSR. Unfortunately, the greed of men stepped in, along with personality politics, and reduced Soviet Union to the mid-90s Russia.
Failiure of men, not an intrinsic property of money.
I am not playing any sort of game, the origins of which lie within your perception of our current discussion.
True. But on the internet, the moment someone brings out their qualifications, they are setting up themselves as superior authority of knowledge. In any remotely interesting discussion I feel it better to nip it down right from the bud, allowing for the cases where I have to apologise (like now), rather than take the chance of the argument degenerating into logical fallacies.
It can be looked upon as a note of debt from a very accurate point of view:
And as seen, you are looking at it from a limited point of view. Top-down only, with focus on balances and securities between banks. That is not all there is, and those are hardly the only contributing factors to the health and (in)firmity of an economy. The capital structure for one is a key element your view seems to overlook. The distortion of it is hardly static accross the board for all types, and the wealth tied down on that capital on company-basis (as well as naturally their productivity) have a significant effect on the debt-repay value of the nation they are in.
Money is generated from "nothing" (see 1) and 2)),
If you call expected future wealth-accumulation from production as well as interest in domestic investments 'nothing', then yes.
It is, relatively speaking, the same as with valuing a company. The purchase value is not just land and the machinery minus debts, but predicted production as well (discounted to present day to account for time), along with intellectual (or person-based) value and goodwill.
One also has to remember inflation. If I loaned from you 1000 euros, we agreed my payment back should be 1200 euros, but due to money losing it's value it is
actually today 1400 euros. Am I creating wealth from nothing, if I have printed out 200 euro to match for the time value of money? Or am I in reality representing my wealth and debts as their actual current day value, accounting for the time-value of the currency they are represented in?
An easy example of a currency created out of thin air is - Special Drawing Rights implemented by the IMF. A currency which "speaks volumes" of the purchasers baskets you spoke of on a macroeconomic scale.
No currency is created - this is a example case where money is treated as a debt. The SDR represents a potential claim for funds. Note that it was created under a fixed foreing currency exchange rate system, to facilitate for real currency valuation/devaluation. Once those were freed for direct comparison between currencies, the system became mostly obsolete. Of course, it has risen in importance in the last couple years due to obvious reasons.
As a sidenote, I personally believe that system which no longer serve a clear-defined function should be taken out of use. I grant that the SDR is a valid example of a symptom marking a broken banking system. Facts are to be recognized, and fact is that European and American banking systems have some severe problems.
But again, this very top-heavy stuff. Limited view and all that. Also, I hope we can agree that this has nothing to do with inherent properties of money like Zeitgeist would have us believe. The problem lies elsewhere.
Interesting...So far, I've only met Americans who seem to argue a similar position.
Yes, my assuming that people would immediately scoff at someone who supposedly got swallowed in by a "concpiracy theory" is very surprising, taking into consideration the tone of this topic as seen so far.
Then it seems we both have made some erraneous assumptions about the other.
No, my disagreement with Zeitgeist comes not from any kind of personal conviction. It comes from facts and education. Of course, the latter is no guarantee of getting things right, so the former count more. Zeitgeist simply seems to have very little true facts and valid logic connecting them and almost all of their conclusions are non-sequiturs once one studies the issues.
A side example from aliens. I do not discount the vast, vast majority of Alien sightings because I somehow think the proponents are crackpots. I discount them because of lack of evidence and falsified information. The alien visitor proponents simply do not understand that my rejection of their claims has nothing to do with my personal biases and everything to do with the contradictiory, poor or missing evidence provided by said proponents.
Same with Zeitgeist.
Within a system upholding distinctive competitive functions any distinctive element therein (ie information) can serve as an asset within this functionality.
I do not deny that. But we were talking of personal validation, were we not? As in, 'confirming the value (or truth) of a person'?
I do not see the value of a person tied down to the information they possess. Not directly, at least. Everyone has intrinsict value irrespective of their ability to contribute to the society.
Once again - if you intend to take everything as an infringement on your validity - there really is no argument is there.
I do not see it as an infringement. I see it only as erraneous logic and false information. Since lies of these types serve nothing except the agenda their creator is pushing, I feel that information should be challenged if it becomes a topic.
Truth is never afraid of inquiry.
Zeitgeist is about information.
Well,
badinformation. Sometimes warning examples can be learned from, I'll grant you that.
If you have a broader view you might actually, with a certain degree of discernment, learn something of value.
Just having an open mind lets an awful lot of garbage in.
An open, critically thinking mind, however does not.
A closed mind lets inside nothing.
Sadly, the middle is often mistaken by the first as the last.