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“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” John Kenneth Galbraith
Today Money in its reality is neither studied nor taught. The current economic system is centered on currency, and the currency of today is NOT money. Currency to worthwhile must be backed by Money, i.e., Gold, Silver, etc. Currency at best is a measure of Value Extracted. Wealth Extraction being the hallmark of Imperialism since time immemorial. Cryptocurrency is not the panacea that many consider it to be. It is simply preparation for a cashless Imperial core-society as a means of solidifying Eurasian financial domination.
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Are we speaking here specifically in terms of Money, Currency etc.? -
To begin with Redefinition of Values and Tastes. Understand that current ‘currencies’ for our purposes the Black neocolonies of the Caribbean and Afrika, are valued relative to the Eurasian currencies and that the Eurasian currencies are backed by the military differential that exists between us and them. Establishment of cooperative financial institutions, where the founders comprehensively understand that what ever is chosen to serve as the ‘currency’ ( and which is backed by a time immemorial resource of ‘value’) represents a subjective understanding of ‘value’ between two or more people engaged in the process of exchanging goods, services, etc. defined by the necessaries of life and culturally standardized tastes.
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What I think resonates with many concerning cryptocurrency was that they appeared to be a decentralized currency system. A currency free from government control. Now Central Banks are moving to issue their own digital currencies under the guise that it will make cross-border transactions easier, promote financial inclusion and provide payment system stability. Cryptocurrencies have all of the problems of fiat currency and thus there will continue to be financial instability, boom and bust cycles, political shocks for it is simply serving as the grease for the current system of International Political Economy, which is a ‘Monetary System’ that was imposed wherever the Eurasian conquering colonizers went. China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major cities including Shenzhen, Chengdu and Hangzhou.
China’s experiment is very large scale and when the winter Winter Olympics take place in Beijing, they are going to be using the new digital renminbi to shop and to stay in hotels and to buy meals in restaurants. This will be a functioning [central bank digital currency]. While we can develop a cryptocurrency we will simply be replicating the economic hiearchy that rules the neocolonies presently.
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