Jabawocky, post#337 - brilliant analogy. Please note, Labor & Liberal are just two bookends to frame arguments within defined limits - simply a herding device to stop you questioning what lies beyond "the system" (read "their system"). The vast majority of the topics about the nature of money and what it represents covered in this entire thread are not taught in schools or universities, written in the media or mentioned by politicians. Only the bankers actually understand it, all enabled by the [their] Central banking system. The modern monetary system is simply a wealth extraction tool, to strip the labour of the world and concentrate it into the hands of a very few. Politics is simply a sideshow to keep the masses distracted, the modern version of bread & circuses.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
Karl Marx, Frederick Engles,
The Communist Manifesto, 1848.
It is the governments exclusive control & monopoly (legal tender laws) that enables the total and utter control of the populous, exactly as Marx suggested.
We are already living in a socialist state, with rules & regulations proliferating heading towards a police state. The modern term for socialism is "progressive democracy". Language is very important, Marx was extremely careful to define in excruciation detail every term he used with exacting precision. Modern propaganda machine uses exactly the opposite method, it relies on the common vernacular meaning to create a [false] impression, whilst actually meaning something else.
Here is an excellent criticism of Marx:
FOFOA: The Debtors and the Savers . It drills down in the nature of the class war (and how Marx got it wrong), it wasn't rich vs poor, but "Hard Money" vs "Soft Money")
A democracy cannot survive as a permanent form of government. It can last only until its citizens discover that they can vote themselves largesse from the public treasury. From that moment on, the majority (who vote) will vote for those candidates promising the greatest benefits from the public purse, with the result that a democracy will always collapse from loose fiscal policies, always followed by a dictatorship. The average age of the world's greatest democratic nations has been 200 years.
- Lord Thomas MacCauley, May 23, 1857
and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people's money. It's quite a characteristic of them.
Prime Minister Thatcher Feb. 5, 1976,
What happens if Greece if it exits the Euro?- if you can make it through this it will give you a very good idea.
JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion