Well... finances are imaginary. It’s a common error though to mistake imaginary for pointless. Physical and “real” wealth fluctuates in value greatly. Things become more common or more scarce, depreciate, etc. instability is good at breaking up entrenchment of power and wealth- it can topple giants and allow new ones to rise up. But it also effects those who aren’t so giant. While the people at the “top” may lose their mansions and millions- the people at the middle and bottom may become unable to get food or basic needs. Conflict can arise. Stability breeds security. So instability tends to be very good for a small number and very bad for a large number of people. Stability is only bad for people in situations that are already bad and are stuck.
So financial wizardry seeks to stabilize the unstable nature of reality. Using imaginary concepts and made up rules it tries to iron out the wrinkles native to systems of wealth that are based on work units and physical goods.
Inherently that isn’t bad, it’s generally good. It isn’t pointless- it’s actually generally better for most people than the alternative. HOWEVER- those who make the rules tend to make sure the rules benefit them. So the wealthy and powerful tend to be the ones best served by imaginary economies. Of course, they also tend to be the ones able to beat manipulate them, and quite often they get “greedy” and instead of a mild bias and a small “skim” they tweak the rules too far. So it’s worth looking at the inequities and ridiculousness of the financial world, but it’s also important to remember that if you have any measure of comfort and security that is a root of it. You may not benefit as much as those “at the top,” but you still are part of it and reap the rewards.
Yay, let’s devalue our fiat currency due to inflation. Great thinking!
Also for those of you who don’t know, the federal reserve isn’t part of the federal government. They loan money to the federal government and then the government has to pay it back with interest.
That’s because the interest you pay to banks doesn’t really exist. They need to put money in so that you can go out, earn that money, then give it back.
It’s a cruel fuckin system but it’s better than communism
(TITLE FROM NEIN SITE)
Also for those of you who don’t know, the federal reserve isn’t part of the federal government. They loan money to the federal government and then the government has to pay it back with interest.
It’s a cruel fuckin system but it’s better than communism