Money is an illusion. Everyone uses money.Mostly not… | by Lukas Wiesflecker | The Capital | June 2021

photographer JP Valery on No splash

All people use money. In most cases, no consideration is given to what money is and to whom it benefits. It is just an illusion, used for fraud.

But in the end, every purchase is still a barter transaction: the buyer gives the seller a sum of money and gets some return. Buyers and sellers do not need to complete the exchange of goods or services. Therefore, every transaction will only happen if the buyer and seller agree. Or in other words: When both parties agree that the exchange is fair, money exchange occurs. Therefore, both buyers and sellers must believe in the value of money.

The money itself is made up of completely worthless colored paper or round metal pieces or numbers in a computer. Neither paper nor metal plates can be used in any other way, and the numbers in the computer can be changed.

Many people believe that money is secured by gold or other items. But gold is also almost worthless: it is a soft metal that is difficult to use wisely. Its value lies mainly in everyone’s belief that it is beautiful or rare. Another belief…

When people no longer believe in its value, money loses its value. Presumably, if the baker no longer believes that he will get sausages in return, he will no longer provide bread to the workers in exchange for money.

If everyone loses their belief in the value of money at the same time, it is not constructive. All savings are gone. Insurance companies can still pay – but it makes no sense. The pension will also be invalid.

Therefore, money is just an illusion.

But the biggest scam is the production of money. Someone has the ability to make money without giving anything in return.

In most countries, the state monopolizes the production of new currencies. Therefore, in these countries, rulers can always print extra money on any scale and use it to pay for goods or services. They often do this to increase their power. Or they give gifts to the people to keep them obedient, thereby enhancing their power.

Banks have also gained an advantage: they lend more money than they previously received from investors. This all goes well, until all investors want to get their money back at the same time. When this happens, the bank goes bankrupt and investors can no longer get their money back.

Therefore, it is not surprising that the amount of currency in each state continues to increase. The state and the banks do what the people want: they get a lot of money. However, for most people, this—if any—is just a short-lived joy, because smart people keep taking their money from them. Today, fewer than 100 people have more money than the poorest half combined.

In the past, the money supply in all states has been growing until at some point the country or currency collapsed and became worthless in a short period of time. This always happens when people lose confidence in the country or money. There is no reason why this will be different in the future. In 2008, Western world leaders and currency guardians panicked, believing that this is exactly what might happen globally in the short term.

After the money in the past was worthless, the anger of the citizens was always great. Then for those who promised them the value of money: the rulers of their respective countries. At such moments, they can no longer hold power and usually lose all their property and even their lives. Of course, today’s rulers want to prevent this. For this reason, they constantly invent new tricks around money, so as not to expose the illusion of money.

So this kind of fake money is used by people to personally enrich themselves. This makes it a tool for fraud. Probably the most effective fraud tool.

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