The Value of “Money”
How Money Works
Marxism Utilizes Multiculturalism To Manipulate Our Economy
The original money was labor that produced something of value.
One neighbor would help the other hoe his garden, and the other would help him patch his chicken coop. Productive labor was the original exchange medium.
The stuff produced by labor was as valuable as the work itself. One would spend a day in the field raising beets. Then, when he needed eggs, he would trade ten beets for ten hen’s eggs from his neighbor.
Stuff — such as beets and eggs — was the exchange medium that represented productive labor, which is defined as the production of marketable goods or services.
Precious metals (gold and silver) eventually became the preferred item to exchange. It could be weighed precisely, couldn’t have an unexpected rotten center, and couldn’t break on the way home. Furthermore, it could be saved indefinitely.
Kings began controlling the circulation of precious metals. They would forge pre-weighed units as ‘coins‘ and have their image stamped on each one to validate authenticity. One coin would be worth five beets or a dozen eggs, or a day in the field. Everyone knew the value of each coin.
Productive labor was the standard that gave coins value. A coin represented the stuff that represented productive labor.
Banks and governments that owned and controlled gold and silver began offering notes that represented their coins that represented stuff that represented productive labor. Notes issued by the British government were called pounds, an etymological throwback to the weight of sterling silver. American notes were called dollars.
Banks then allowed checks that represented notes that represented coins that represented stuff that represented productive labor.
Banks have now gone a step further. They allow electronic bytes that represent… What?
Economists consider the money supply to consist of fiat money, that is, it’s backed by nothing.
Checks are nearly obsolete. Notes (dollars) are used less frequently. Gold and silver coins have long since been displaced by cheap metals, and the gold standard that underpinned the value of currency is no longer applied.
• The Productive Labor Standard still stands
When you access your bank account via the Internet to view the digital numbers on your computer screen, those electronic bytes represent the dollar notes that once represented precious metal coins that represented stuff that represents productive labor.
Your productive labor is literally converted to digital units displayed on your computer screen as recorded on the bank’s computer.
If we suppose those digital numbers represent gold and silver stacked up in the bank’s vaults (or stacks of paper that once had the same value as gold and silver), we are mistaken. They represent our productive labor.
When someone uses a government-issued EBT card, they are purchasing goods and services with someone else’s productive labor. That productive labor was taken from the worker and redistributed to a non-worker.
• The Value of Productive Labor
The value of the electronic bytes that we send over the Internet is determined by mutual consent. The value of currency is actually nothing more than the total consensus of those who use it as a means of trade, sans tampering by the Federal Reserve.
That mutual consent, no longer based upon a standard of precious metal, is still — ultimately — driven by productive labor and the value of the stuff it produces.
The standard that endues money its value is the productive labor it represents. It doesn’t matter if the medium of exchange is beets, eggs, bits of gold, slips of paper with presidents’ heads printed thereon, or computer bytes. Productive labor is, ultimately, the underlying medium of exchange. When productive labor fails, economies fail.
The failure of Marxist theory in the old Soviet Union is that it squashed the profit motive that drives productive labor. When Russians stopped producing stuff, their economy floundered. It also explains why geographical regions such as Detroit and Haiti languish in economic depravity and disparity: The people who live in those areas are not efficient in productive labor.
Productive labor is now, and has always been, the medium of exchange. That medium of exchange can be rendered ineffective by government tampering, as it was in the Soviet Union, or by the innate inability of a population to produce goods through labor, as seen in Detroit and Haiti. Conservatives are correct to pin the blame on Marxism for the economic failure in the USSR. They are incorrect to pin the blame on Marxist dogma in Detroit and Haiti.
• Manipulating money with multiculturalism
Peoples of sub-Saharan Africa do not suffer in poverty for lack of natural resources. Rather, their economic failure is due to their inability to engage in productive labor.
The reason Mexico, Central America, and South America fall behind North America economically is because the people who populate those regions are not as competent in their ability to affect productive labor.
Note, for example, that the Falkland Islands have the highest standard of living in South America in spite of the fact that the islands have the highest cost of living. How is that possible? It is because the people who inhabit the islands are genetically predisposed to be more efficient and effective in intelligent productive labor. Think of the Falklands as an island of intelligence, or a bit of North America existing in South America.
The evidence is empirical and, therefore, logically undeniable: Some people groups engage in less efficient productive labor and, therefore, have less stuff. The disparity in living standards may not be caused by a lack of physical labor, but a deficiency in intellect that constrains both innovation and the ability to engage in the most efficient use of labor. In short, simple labor trumps laziness, productive labor trumps simple labor, and intelligent productive labor trumps mere productive labor.
Such thoughts are anathema to Marxism. Its moral sensitivities demand that we all should possess the same amount of stuff.
Marxism loathes economic disparities because it confuses disparities with depravities. The Marxist mantra is that the obliteration of disparity will erase depravity. Granted, such thinking is idiotic, but that’s what they believe. Still, Marxism can’t deny the obvious fact that certain people groups are innately more efficient at productive labor and are, therefore, wealthier.
Though severely crippled in Russia, Marxism still prevails in the marketplace of ideas, particularly in the West. Void of reason or logic, it seeks to appeal directly to the innate altruism of the most productive people group — White people — by convincing us that using such phrases as “the most productive people group” — though painfully obvious — is somehow immoral. The quest of Marxism, then, is to displace our cognizance of reality through emotional mind manipulation. If Marxism can’t convert us intellectually, it will convert us emotionally. And it is succeeding.
The ideology of Marxist moralism thrives as cultural Marxism and serves as the gateway to economic Marxism.
• Thinking requires thinking
The ultimate Marxist objective is to erase economic disparity. There stands a seemingly insurmountable obstructive barrier that prevents Marxism from achieving its ideal of economic parity: Lots of smart White people.
Without the benefit of a deadly virus that would affect only peoples of European descent, Marxism favors an assault on the collective mindset of White folks.
Given its propensity for mind manipulation and comprehension of collectivist thought, Marxism has set about to dislodge the rational-thinking barrier from the masses of White Americans and replace it with reality-denying neurosis. And again … it is succeeding.
Marxism cannot effectively appeal to the intelligence of individual White people because its premise, as earlier noted, is blatantly idiotic. Rather, Marxism bypasses White intelligence and appeals to our emotional center which, when activated, nearly always overrides our intellect. The outcome is predictable: In spite of our intelligence, we respond like thoughtless, irrational dotes. We have, in fact, surrendered to the emotional appeal of Marxism.
• Protecting the productive class
The emotional bulldozers that raze the intellectual structures embedded in the brains of White Americans include guilt (“White privilege“), shame (often termed ‘white supremacy’), and dubiety (what Judge Learned Hand described as ‘that ever-gnawing inner doubt as to whether you’re right.’)
We have allowed the media to apply mental agitation to change our minds. We no longer think rationally … we think emotionally.
The reality that White people have delivered boatloads (literally) of innovation that has enhanced the lives of billions of Non-whites … is never acknowledged. Why? Because that acknowledgement is a function of the intellect. Intelligence works against the Marxist mantra. The fact that the displacement of White innovation with the Marxist mantra will be devastating to Non-whites is never considered. Again, such thinking requires thinking. And thinking destroys Marxist myths.
[Read: It's A Wonderful Race]
• Relation between ego and economics
The most efficient bulldozer that displaces rational thinking among White Americans is often overlooked. It is Saul Alinsky’s Rule Number Four which states, “Ridicule is man’s most potent weapon.”
Our egos seldom operate concurrently with our intellects. Ridicule attacks our egos and prods us to take defensive postures that defy reason. White Americans would eagerly chuck Western culture under the bus rather than endure the humiliation of being falsely ridiculed as “racists”.
We fear and despise ridicule because its negative social ramifications are often severe. No one wants to associate with a person who is inflicted with social cholera. The effect of ridicule is stigmatization that isolates one from others and limits their influence. Hence the term, “cooties.”
The end analysis is that White Americans emotionally adapt to Marxism by adopting such nonsense as Affirmative Action and the multiple forms of government-forced integration that undermine the innovative productive labor that is the standard of our free-market economy.
• Applied intelligence trumps emotional manipulation
Our defenses include a simple awareness that emotionalism is a sorry replacement for intelligence, and that rational thinking is, in the end, superior to the recoil inherent to assaults on our egos through the ploy of ridicule.
It is incumbent upon us, and our prodigy, to defend both our freedom of association and our free market economy where the innovative and productive labor standard is the most efficient means to deliver prosperity, well-being, and enhanced lives to all.
To do otherwise is abject racism. >http://dailykenn.blogspot.ca
(For added emphasis, all underlined, bolded words and links by ELN Editor)
- Wake Up America! .. by Fred Brownbill. (saveamericafoundation.com)
- EBT Card Usage by Race and County