mercoledì 21 febbraio 2024

Money is just an accounting expression, not a value "di' per se' ".

Money is not property of the bearer, money is property of the issuer.

In USA the Federal reserve own the money for example, similar institutions work similarly for other countries, the bearer is only authorised to keep them as accounting method of the value accounted for that cannot be otherwise proven.

Unlike real estate or objects that bear their own value and need no money to express it, other values like intellectual property for instance cannot be given away psically like a house, so they are passed to the next bearer only on paper, using money to ascertain their value in the transaction documents, even if no actual money change hands but an object is given for the said value, like you write me a song and I give you my car for it, so now I own my song written by you for the value of the car, that in the contract we put down in US Dollars becasue that is the money we decided to express the transaction instead of expressing it in Rubles for exmaple, thou we could of, is perfectly legal to express it any way you want.

Money is debt, USA Federal Reserve issuing a debt bond in dollar notes, that the bearer (members of the public, individuals and businesses) handle to account for their un expressable assets (or liabilities) by existing phisical means like property, goods, etc. When the Federal Reserve gets their money back as taxes or by other menas they extinguesh that portion of debt they issued.

You practically hadle as values somebody elses debt to you, that is all.

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