Money and the Turning of the Age: Part 1

[taiwanjohn88]

Been a long time, man. Good to see you preaching the good word about monetary reform. I've been learning about this myself for the last few years, but just stumbled across your stuff this afternoon. 加油!

[CharlesEisenstein]

It may surprise the commenter who suggested I read Von MIses to know that I have done so already, along with Hayek and others of the Austrian persuasion. I don't assume a zero-sum game. Nor do I advocate the elimination of money. Nor am I ignorant of the need to coordinate the circulation of goods across vast social distances and to coordinate the division of labor. All of these issues are dealt with in depth in the book, Sacred Economics.

[CurtHowland]

24:15 "But I pay back 1.5, where do I get this money?"

By putting off present consumption. Not by taking the money from others.

You are assuming that market activities are zero-sum, that one person gets rich only by making someone else poor. That is false.

Really, while your insights are interesting your grasp of elemental economics is very flawed.

I suggest reading Mises.o rg and learning about what interest actually is, what savings is, and why it works.

[CurtHowland]

Money also enables the division of labor, and allows the overwhelming majority of people to have standards of living undreamed of by anyone in ages past.

Money is a fantastic invention, and to try to be rid of it will collapse all of civilization back to the subsistence farming and hunter-gather tribes that existed before it.

Personally, I'll take money and a long life than no money and a life that is nasty, brutish and short.

[handoverback]

There are many parallels here with the transition Manly P Hall speaks of in the Peace Revolution Podcast episode #33 : peacerevolution(dot)podomatic(­dot)com/entry/2011-06-18T12_34­_16-07_00

[meis]

this is nothing new, I knew all these stuff already

[PaulCarnage]

Zeitgeist: Moving Forward; Watch it & learn. You'll be amazed on how spot on Charles is.. I was like.. FUCKING WOAH!!! :O hahahaha. amazing.

[danielacheson]

thanks charles. you're spreading useful information and ideas to people.....setting a good example for others (like me) who also want to do this......good luck and thanks again.

[BeBreezin]

Time for a major paradigm shift. Thanks to Charles for being a guide in the wilderness.

[furseiseki]

Money left the cities due to years of Republicans cutting taxes on the wealthy and the wealthy figuring out how to dodge the few taxes they're still libel for. It didn't disappear it's just effectively been taken out of circulation and horded by members of our Kleptocracy.

[tattvam4]

Great talk. How do you spell that monster from Chinese mythology (Tao Tia?)

[CharlesEisenstein]

@tattvam4

The Tao Tie. The spelling is confusing -- tao tieh would be more like it. 饕餮is the Chinese.

[petrus4]

Cities going bankrupt is the single best possible thing that could happen to them, Charles. Bankruptcy will give them their independence back; and it is the only thing that possibly could.

[CharlesEisenstein]

@petrus4

Yup, same as for me when I went bankrupt!