6 votes

What is Money?

In this clip Alan Watts explains how Money is just a measurement of wealth. Instead the average society thinks Money equals wealth.

http://youtu.be/8DwYo21LTK4

"We have the technological possibility of making everyone on earth the enjoyer of an Independent income."

http://www.unleashindepen...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Garan's picture

There is no such thing as money.

..as long as everyone thinks so, money has no value.

Was it the Dalai Lama who was asked 'where will the money

come from?'

and replied 'from wherever it is now'.

Don't feed the pandas. Ever.

Money

is sin because we covet. Therefore we all sin to receive money.

donvino

Don't trust anyone who lives in Sudbury

Ha.

Seriously, though, money is a "measure of wealth" only within the mental exercise construct of an evenly-rotating economy. Add in a temporal variable and things change (including the germination of a natural interest rate).

Don't confuse Watts with Watt

The video is from Alan Watts who died in the '70s. Alan Watt however lives in Sudbury, Ontario and is still alive and well and can be heard M-F 8pm EST on RBN (Republic Broadcasting Network). Alan Watt IS the Real Deal at Cuttingthroughthematrix dot com.

A store of value...

...as a opposed to "currency", which is a medium of exchange. Often the same instrument (nickel twynths and zinc cents, currently) can satisfy both definitions, but not always.

Unrefined gold ore is money but not currency.
Fe'ral Reserve scrip is currency but not money.

Etymologically and historically, money is metal.

dynamite anthrax supreme court white house tea party jihad
======================================
West of 89
a novel of another america
https://www.smashwords.com/books/view/161155#longdescr

LOL...

...money is the root of all kinds of evil.

...

the -> love <- of money is ...

Oh yeah

Forgot that VERY important part! Thanks!=/

The love of money is the root of all kinds of evil.

Money is an attempt at

Money is an attempt at quantifying a value for human energy.

or exposing the relative values...

..of hours of dishwashing to new motorcycles
..or boots to bananas.

dynamite anthrax supreme court white house tea party jihad
======================================
West of 89
a novel of another america
https://www.smashwords.com/books/view/161155#longdescr

what is wealth?

Subtract your liabilities from your assets...and that is your wealth.

Balance Sheet: Owners equity + liability = Assests

[Twain seated. Books piled on table. Theater lights low.]
Accounting for wealth varies to the man. "To each his own," is a common refrain. Who can tabulate the value of this fundamental formula?

    "Healthy + Wealthy + Wise"

Not me. I seek consensus with this equation:

    "Healthy + Wealthy + Wise" = "Dr Ron Paul"

Tis most difficult when I reflect upon myself... I satisfactorily attained health at a young age. Most do... I thought nothing of it... Later came wealth. By & by wealth came & went. I had passing concern for it... Seemed to have its own schedule. I left the door unlocked... So it was free to come & go.

Wise? [Ponder...] That oft eluded me. [Sigh] I don't know why.
[Slowly dim gaslights. Close curtain.]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Thinking more

on this subject I guess some people do think federal reserve notes are wealth. These would be the people that argue that renting is better than buying because of the upkeep and property tax that is spent on the owned property. I've even heard Peter Schiff tell people they should rent because of these expenditures. Renting only becomes a method of gaining wealth if you take the units of measure that you would be spending on the expenditures and investing those dollars in something that is tangible and or is producing value. When it's all said and done If you own your home even if the property is worth less than you paid for it and you have expended units of measure on upkeep and taxes you have still protected a certain measure of your wealth. When you are done renting you have nothing to show for that wealth lost other than a memory of the service that was provided unless you did capitalize by investing the saved units of measure. I just had this discussion with a buddy that had convinced himself that he would have so much more money (ie wealth to him) if he was renting because of a sewer line he had to dig up and repair in his yard.

The bold effort the present bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it-Andrew Jackson

I think people

know that money is a measurement system of procuring wealth. Which is precisely why you can't pay someone to build the house unless you have some measurement unit system of his labor to compensate him. So you have boards to build the house, are you going to pay him in boards? What if he doesn't want boards? This is why gold and other precious metals are "real money" because they are a measurement of wealth and they are wealth themselves because of a global demand of them.

The bold effort the present bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it-Andrew Jackson

Eternally?

Well as long as people have a use for them and throughout history we have found more uses for them not less. There are dredging operations that are currently mining gold from the ocean floor, gold in it's solid form not dissolved. I don't think the technology of mining gold will ever eclipse the demand, as mining tech gets better so does other technologies that demand these metals. There will be ups and downs but I don't think gold will ever get as cheap as say aluminum.

The bold effort the present bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it-Andrew Jackson