Fiat Money versus Wealth and Paul's Letter to Timothy
posted on
Sep 25, 2008 07:25AM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Government bailout? I thought the government was bankrupt. How do you bail someone out if you don't have any money?
The answer is that you make more money. The problem is that while it is possible to create fiat money out of nothing, it is not possible to create wealth from nothing. Therefore someone's wealth ultimately will have to be taken from them to pay for things like this. The Chinese have been willing for some ridiculous reason to work for a dollar a day for a generation in order to provide the wealth for such financial schenanigans in the past, but they are getting sick of it, as they should be.
If I didn't know that this same scenario has played itself out over and over again throughout history, it would be almost incomphehensible what is going on. It amazing that people can be so obtuse. It is also discouraging in some ways.
Haven't people learned anything about justice and fairness and the realities of exitence in all this time? So sad, that people have sunk so low due to their selfish desires that they are capable of believing so hard in things that their day to day experiences, that the day to day experiences of their parents and grandparents have shown so clearly to be false.
We move forward so, so slowly. Can't we do a better job than this? Sometimes I wish we could.
I suppose that not much really has changed in the past 2000 years. The issues remain the same, only the faces change. In the words of St. Paul in his letter to Timothy...
For the time will come when men will not endure sound teaching, but, having itching ears, will accumulate for themselves teachers to serve their own likings.
2 Timothy 4:3
That time has come, just has it has so many times in the past and will come again many times in the future. It's all cyclical. The same misadventures happen over and over and over again. Hopefully we are learning something along the way, some of us anyway. Bull