Relative Value of Money

[turtledude23]

The majority of people in "developed" countries don't like their jobs, let alone in developing countries. We work for money because we need it to buy things we need and things we want. People give us goods and services in exchange for money because they assume it has a value. Its a material equivalent of energy. But in new relatively new countries like the U.S., Canada, Australia, New Zealand, etc. one day a central bank produced a bunch of coins and bills to replace bartering. These pieces of metal and woven cloth or paper only had value because everyone in the country agreed that they have value. Now we we have international trade with many different currencies, each is accepted as having a certain value.

So how can governments be in debt or run out of money if they create it and assign it value? The currencies initial value was arbitrarily assigned, surely any country in financial trouble like Greece could somehow change their currency. I'm not talking about just printing more, that causes inflation, I mean stepping up and saying to the domestic and foreign companies "I don't care how much money you want for your product/service, we can't provide that, take what we're offering or stop doing business in this country", then it would be possible to create even wealth distribution and low prices without socialism or communism.

And from what I've heard - though from conspiracy theory type sources - this is how central banks work: they print money and give it to banks at interest, the banks need to pay the central bank back with interest, but to pay that interest they need to take out even more money, which also has interest, thereby creating never ending debt. If this is true then its probably the biggest scandal in the world since every country does it and no media covers it. If this is true then no media coverage makes sense because big conspiracies on national and international levels are usually suppressed, but from my understanding the world is run by the exchange of money in a way that whatever government is in power makes little difference. If that's true then this scam of collecting interest on ALL money in the entire world would be the biggest conspiracy of all and the last thing "the powers that be" would allow to be mentioned in the media. I mean you hear about interest rates all the time in the news, but how many people ask "what does that really mean?". I heard a business student talking about this very issue of central banks lending with interest once so maybe it is true.

I'd like to share a quote from Julian Assange:

"The west has fiscalised its basic power relationships through a web of contracts, loans, shareholdings, bank holdings and so on. In such an environment it is easy for speech to be "free" because a change in political will rarely leads to any change in these basic instruments. Western speech, as something that rarely has any effect on power, is, like badgers and birds, free. In states like China, there is pervasive censorship, because speech still has power and power is scared of it. We should always look at censorship as an economic signal that reveals the potential power of speech in that jurisdiction. The attacks against us by the US point to a great hope, speech powerful enough to break the fiscal blockade."

And a quote from the founder of a banking family in Europe, Mayer Amschel Rothschild:

"Give me control of a nation's money and I care not who makes the laws."

Your thoughts?