TODAY I’LL TRY TO BE EVEN CLEARER😁
By Mauro Marturano
Not that there was any need... but...😂😂😂
Between the lack of interest and the lack of desire for real truth...😁
A few months ago, I wrote a text: “Fiat money has been a wonderful tool.” Obviously, today it is difficult to see it that way.
But if we want to understand life, we have to think about the possible alternative scenarios.
If we reject fiat money because we reject the people who issue it, the first alternative scenario we should think about is one without fiat money.
Also because, most likely, no matter how honest the “founding fathers” of a system may be, sooner or later someone will always come along who wants to abuse the power that issuing fiat money gives to whoever decides how much to issue and when to issue it.
It is important to understand that an increase in productivity, as many people keep shouting, is not enough to solve the imbalance created by fiat money: whoever is at the helm of the boat and sees an increase in productivity will increase the speed of the money-printing press (which is exactly what happened).
In other words, monetary printing will always be greater than the creation of goods.
The only alternative scenario is barter.
And barter creates an enormous number of problems.
First of all, the difficulty — and the reduction in the speed — of exchanges, the impossibility of obtaining products from “far away,” and the cosmic difficulty of operating in countries where there are no energy resources, or where people do not have the ability to extract them.
Another fundamental point: you can have everything you want underground, but you also need someone who knows how to extract it — and who actually wants to extract it.
In our countries, we have plenty of people who love standing in line to buy the latest iPhone. I am not aware, however, of any lines of people waiting to extract oil and gas.😂
In a system based on barter, you necessarily have to exchange something for something.
And what happens to someone who cannot produce anything?
Or someone who thinks he is smarter than everyone else?
What does he do?
He goes and steals from the house of the person who knows how to produce.
And so, while today, thanks to fiat money, theft is effectively concentrated in certain countries, through wars and/or exchange rates, in that scenario this danger would exist in every corner of the world, because the average human being... is simply like this.
At least 95% of human beings would tend to end up following the law of the jungle: “I have a family to feed.”
“I'm doing it for my family,” my ass, I say.
But I am not part of that 95%.
Otherwise... I probably wouldn't even get to think about these things, just as at least 95% of you clearly don't😂.
And I am being optimistic with those numbers. Very optimistic😂.
Maybe I should have written 99%, or perhaps even 99.999999999%😂😂😂😂.
It is clear that today we are at a point in the evolution of the money supply where the amount of money issued is so enormous that we necessarily need much more widespread THEFT, on a global scale.
But this would still be nothing compared with the barter scenario.
In other words, even at this point in history, fiat money, in my opinion, produces an overall balance that is better than the one that would result from a barter system.
A balance that, in this case, is more unjust because it is localized, more “racist,” but certainly better if we look at it from the perspective of overall equilibrium.
To give a numerical example: if barter and everything that would result from it (stealing from people's homes and one-on-one warfare) generated X deaths per day, distributed EQUALLY across Y countries (an assumption of equality, because I am not racist), with fiat money you would have fewer deaths, but concentrated only in the countries where the resources needed to guarantee the fiat system have to be taken.
To anyone who thinks this is exaggerated, I remind you that six years ago I saw people fighting over toilet paper with my own eyes, not to mention the general level of violence that could be perceived.
The guardians are trying to manage this imbalance, more or less deliberately, and AWKWARDLY.
In a barter scenario, there would be no one managing anything.
Because today they manage it because they benefit from it: the power that issuing fiat money gives them.
But in a barter-based scenario, nobody would have any incentive to manage anything.