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RE: Expectancy of growth is causing world of inequality, debt and depression. Will we ever see an end to this?

in #politics9 years ago (edited)

End your obsession with money. Money is not power. Money is merely a language for value exchange. Power can be expressed through that language but it doesn't mean the money itself as in the digits in the bank computer representing credit or debt or the pieces of gold are power. A dollar is a negotiable instrument at best.

What you have to understand is that power and wealth don't actually come from money. You can be dollar rich and knowledge poor. You can be dollar rich and be a puppet to an intelligence officer. You can be dollar rich and be friendless, hated, and all your money lost on security.

Wealth really isn't about how much money you have but more about what resources you have. Resources can be assets, it can be intangible like knowledge, it can be social like friendships (and reputation), it can be digital like crypto-tokens. These assets can be exchanged for money but your wealth is in your assets and if you don't have assets you'll have nothing to exchange in order to get money.

The only reason you need Dollars is because the IRS will only accept Dollars as payment of debt in the form of taxes. The Dollar does not have any identifiable fixed value so if I ask you what a Dollar is worth you can only tell me what it can be traded for in today's value. So it's not worth gold, and it's not your actual wealth. Unfortunately many people chase Dollars because they believe their worth is contained in their net-worth instead of their network. Wealth expressed as social power, it's about your network and overall resources you can put to productive use.