RE: What is a Value Storage Medium and why a Bank Account is NOT one.
You are viewing a single comment's thread:
This is genius! Any time I read any explanation of Value Storage Mediums, I'll be thinking of "the snow must flow".
Thank you.
0
0
0.000
Thanks. This goes into showing one of the reasons that banks are partially responsible for inflation and why money seems so tight in the world. Not a perfect explaination, but one that I am sure is not considered, or handled, enough. It's not that Billionaires have 99% of all value in the world. Value converted to real world assets can stack to the moon. It's because too much of the currency is tied up in ways that don't return it to the trade floor.
Indeed! I remember a documentary about the City of London. Which is effectively an automonous state within the UK. Where their privileges have allowed tax havens in Cayman Isles, Bermuda, etc to suck money out of the UK economy.
Contrast that with benefit payment that immediately boost the local economy (or at least in my case).