Money Is Political, Not Technical

[kolbalish]

Yeah, you're right! Politics now are based on the money that you have. If you are too rich, you can handle everything and just pay whatever you wanted to. People's life now is just based on cash. If they want to kill somebody, they just assign someone to do that in exchange for good money.

I similarly agree with you. The emperor who has money instantly. He who has no money has nothing. Most of the people I glimpse who perform politics have more money and they have a bunch of money and they also pertain to politics in one way or another.

[1714474097]

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[1714474097]

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[SmokerFace]

Great post, I concur with your point. Money, as well as each and everything, is presently running by the government and politicians. Whatever we're viewing in the media are pre-arranged by governmental and politicians. They have control and everything even gold, yet not with cryptographic forms of money. I believe that is the motivation behind why all the politicians are against digital currency since it's the main thing that government officials can not deal with.

[AndySt]

Great post, I concur with your point. Money, as well as each and everything, is presently running by the government and politicians. Whatever we're viewing in the media are pre-arranged by governmental and politicians. They have control and everything even gold, yet not with cryptographic forms of money. I believe that is the motivation behind why all the politicians are against digital currency since it's the main thing that government officials can not deal with.

What do you think politics and politicians are for? For the possession of power in the state. This is not surprising, because any state wants to have as much control over monetary policy as possible, and money is only a special case of this. And the battle will always be a serious one, because control of money is power, and no politician in his right mind will give up another lever of control.

[MCobian]

Why do currencies in different countries have different values, and why the Bolivar as the Venezuelan currency is increasingly useless.
This is not all due to technical matters, but because of political issues. So depending on how the government takes political policies will
affect the value of the country's currency. That is why a country with a high rate of corruption must have a low currency value.
Because after all, money is controlled by the leading government.

[Smartprofit]

This truth really struck home as I read this piece by Dr. Steven Englander, a big thinker and expert in currencies and macro-investing who has worked in the Fed, Citi, Lehman Bros., the OECD, etc.

At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem.  True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago?  Somone else could be forgiven for the oversight, but surely someone of the stature of Dr. Englander should know better.  At least when he writes a long and thoughtful piece like this.

Which brings me to, really, my pet peeve.  We all talk about the technical features of this money or that.  Electronic vs. physical.  Inflationary or deflationary.  Even transactional speed and cost.  But truly, the only things that really matter are political.  (That is, after a money satisfies the basic requirements, which is not a problem here.)

And I'm not even talking about how money affects the distribution of benefits to different political constituents, whether it benefits debtors vs. creditors, etc., etc.  That is a good topic for another time.  I'm talking about something deeper.  Money is political in the truest, most precise, and widest sense of the word.  And the political dividing line is not between left and right, but between the top politicians and bankers, and everyone else.

Money determines how much goes to the elites and their allies, and how much goes to everyone else.  In the service of the political goal of maximizing benefits for the former, all things tend to get distorted.  Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.)  All the mainstream commentary we hear, somehow, only reflects what the elites want us to think.

According to what we now have to call mouth-pieces of the elites, somehow, people always chase bubbles, and always get hurt, because they're irrational, and there's nothing anyone can do about it.  Central-bank money creation is *never* a driving factor.  No, never.

We're living in a lie, and the earlier we wake up to it, the better.  What officials and mainstream media and academics tell us must sometimes be dismissed with: it's just politics.

Yes that's right. 

The economy is always secondary.  Efficiency is always secondary.  The primary is politics, that is, the struggle for power. 

If I am a manager, then my main task is to retain power.  Because if I lose my strength, I will lose everything.  One of the manager's tasks is to ensure the efficient functioning of the managed system. 

However, this task is secondary.  The main task is to maintain power and control. 

Politics is always primary. 

It is always necessary to start the study of economics with an answer to the question - who are the actors of economic processes?

[Argoo]

The money of any state has to a large extent always been a political instrument. Therefore, governments tried not to let other people's money into their territory. In the USSR, for example, there was even criminal liability for the use of the dollar and another currency on the territory of the country as a means of payment. The issue of money and its use have always been in the exclusive jurisdiction of the state and its government. After all, this is actually the key to the economy of the state, and hence its security.

[ilovealtcoins]

The article is very short and insightful. We are seeing the world with too much physical money printed by governments. The US already has currency-related agreements that benefit their nation, typically Petro Dollar.
Money no longer represents labor, goods, but becomes a tool for politicians to display their political power around the world.
We need a preeminent currency that blurs national boundaries so that its value can be affected fairly around the world. I found Bitcoin met the standard when it was decentralized.

[Vatimins]

     We really are trapoed in this type of society where societal standards matter and because of this, greed is never ending. Even when money hasn't been around yet, people have been already greedy and want much more for themselves. Too much I's instead of we's. There is no solution for something like this and this is something that one just has to live with and be smart about riding its waves. Because if you go against it, you will be the loser in the end. The only way this can change is for people to change in unison and not one by one. Only then can there be changes. But that is something that's very unlikely to happen. So a better realistic approach in my opinion is again, learn to live with what is already there and ride the tides intelligently. Not a very good approach for people who are strong willed or wants freedom from this system but it is the only way to survive along with the people you care about or rely on you. Morals and freedom nowadays don't amount to much. So be smart and choose wisely what your next moves will be.

[Similificator]

Indeed, the world is trapped in a number of governments that rake advantage of positions or have politicians that are kapdogs by the elite along with the banks. But this is something that isn't new anymore. People have been abke to adjust with this fact already and have given lots of efforts just to stay afloat. The sad thing though is that there are people who cannot adjust because of various reasons that are and nit limited to; lack of knowledge, degree, capital or natural resources. The fact of the matter is that we can't do anything about thus unless everyone opens their eyes and actually try at least to break free from these chains that bind us to this unfair system made by the people on top or the elites. That's just that. There really is no other way.

[Weawant]

I don’t think this has to be explained, but money was meant and created to civilize people and centralize the power/rights to someone that has to be in charge. This was to benefit the people who pursued becoming a leader in the past. Money doesn’t have any value before as it wasn’t back by anything with value. But with a proper way of extortion being backed-up by guns, people has to accept the so called^ fortune in exchange with their assets such as gold, oil and so on besides from it, other countries were persuaded to create theirs as well and the money war starts with that. This was the same set-up Janet Yellen was trying to point with Bitcoin. But if when you read history, this was well declared. It was the money who were created to be used for illicit transactions but still looks legal in the eyes of the public.

Same with alt coins, there were a lot of currencies offered to the public before, but only 15-20% of them made it and survived. Dollar is one of it and also the pounds as these are from powerful people with a lot of ammunitions on their base camps.

Money was created for a group fo people to show dominance to others, so politics is quite related to it, and in that I agree with your point.

It’s just a good thing because we at least are able to experience the freedom having decentralized currencies we enjoyed during the past years. But I hope that this time, people will win against the greedy leaders wanna be(s).

I trust the intelligence of the people today, boosted by the internet access which helped us to access almost all of the resources and information we need to know to win. Good luck to the new generation of people!

[uneng]

Politics is the art of the manipulation and why is money political in the currently circumstances? Because it's a great tool to manipulate the society. In essence money should be only a accessory to help us trading daily, without the need of exchanging goods for goods. But then it became a tool to trade not only goods, but to pay for others' opinions, support, *friendship* and endorsements.
Money became political because there are too many people selling themselves for money, so the most unscrupulous ones took advantage and started using money for this purpose, hiring mercenaries, forging alliances, everything based on money, because honor and truth are just subjective matters and have no value in this world.

[AndySt]

Indeed, the world is trapped in a number of governments that rake advantage of positions or have politicians that are kapdogs by the elite along with the banks. But this is something that isn't new anymore. People have been abke to adjust with this fact already and have given lots of efforts just to stay afloat. The sad thing though is that there are people who cannot adjust because of various reasons that are and nit limited to; lack of knowledge, degree, capital or natural resources. The fact of the matter is that we can't do anything about thus unless everyone opens their eyes and actually try at least to break free from these chains that bind us to this unfair system made by the people on top or the elites. That's just that. There really is no other way.

This has already been happening for centuries, just changing only the scenery and forms. It is foolish to expect that governments and local elites will not use money through banks to fulfill their political goals and manage the economy, because the efficiency of the state mechanism is based on these principles. I fear that the absence of these" chains " will lead to chaos, anarchy and lawlessness. Of course, we must fight against lawlessness and arbitrariness in the state system, as well as improve the system of social elevators, but we must be realistic and understand that a capable state is necessary in the interests of all citizens.

[zanezane]

Politics is the art of the manipulation and why is money political in the currently circumstances? Because it's a great tool to manipulate the society. In essence money should be only a accessory to help us trading daily, without the need of exchanging goods for goods. But then it became a tool to trade not only goods, but to pay for others' opinions, support, *friendship* and endorsements.
Money became political because there are too many people selling themselves for money, so the most unscrupulous ones took advantage and started using money for this purpose, hiring mercenaries, forging alliances, everything based on money, because honor and truth are just subjective matters and have no value in this world.

Not just a good tool for manipulation, money in politics is also your bullets against other politician so you can keep up. Money is also a protection, if you have the money you can hire people that will protect you, not just physically protecting you but also your image. Another reason why I think money becomes political besides the people selling themselves for money is that we were thrown in this world that always ask for reciprocity in services.

[bitzizzix]

Politics is the art of the manipulation and why is money political in the currently circumstances? Because it's a great tool to manipulate the society. In essence money should be only a accessory to help us trading daily, without the need of exchanging goods for goods. But then it became a tool to trade not only goods, but to pay for others' opinions, support, *friendship* and endorsements.
Money became political because there are too many people selling themselves for money, so the most unscrupulous ones took advantage and started using money for this purpose, hiring mercenaries, forging alliances, everything based on money, because honor and truth are just subjective matters and have no value in this world.

Not just a good tool for manipulation, money in politics is also your bullets against other politician so you can keep up. Money is also a protection, if you have the money you can hire people that will protect you, not just physically protecting you but also your image. Another reason why I think money becomes political besides the people selling themselves for money is that we were thrown in this world that always ask for reciprocity in services.

There is no denying that money plays an important role in the political process. How could it not be, someone who was previously unpopular and did not have the capacity and credibility could easily get the power that was fought over by many people with just an object called money.
have a lot of money, any problem can be solved in terms of protection, attacks and so on. money can win in political matters, protection and attacks of any force.

[zanezane]

~

There is no denying that money plays an important role in the political process. How could it not be, someone who was previously unpopular and did not have the capacity and credibility could easily get the power that was fought over by many people with just an object called money.
have a lot of money, any problem can be solved in terms of protection, attacks and so on. money can win in political matters, protection and attacks of any force.

Exactly, this has been the tale of adventures for a long time, that we will find treasures and we have it in our greedy DNA that we have to have more money than the other people and that we have to be influential because if not, we are just nothing. Money kind of makes some meaning in our life in this small blue dust in a vast universe, it makes us think that we are god.

[sapnu]

Money is politics, but what isn't? We face the same sorts of things here when it comes to politics, as more people that control the miners, exchanges, and so on and so forth are able to control MANY things when it comes to the community itself. Politics is everywhere, and even though there are some problems that follow that it's not like there's anything we can do about it. That's how the world works.

People still support the traditional system of money because it works, and they don't see any issues with it. Politics isn't an issue to people. Or at least a prevalent one in their entire life is plagued with it.  Different reasoning must be attempted.

Indeed, money ain't the only that is politics. Almost everthing we see within a certain country is full of politics, from the aid they give when there are natural disasters, the infrastractures they build and the media where we gather the news of the events happening each day. Fiat is clearly under the government's control and roughly everything that happens and changes they make on it is always for their benefit. I disagree that politics isn't an issue to the people most specially if you are living in a third world country.

[Natsuu]

"MONEY EQUALS POWER; POWER MAKES THE LAW; AND LAW MAKES GOVERNMENT"

It is all directly proportional, in regards to the main post, no matter how hard you try after you "WAKE UP" you can't change the fact and how things work.

Money Buys Hapiness (Whoever rejects this might want to give me those and it will make me happy  ) And happiness is what we thrive, we can be content but we need money to survive, no matter where we go, money will still be there, so better to ride with the flow, or "Wake Up" and try to do something that others might perceive as nothing

[CDC AP]

It is through cryptocurrency and blockchain that I have being enlighten about the concept of money but as an individual there is nothing I can do about it but as members of the cryptocommunity we can effect change and liberate the masses from the financial darkness orchestrated by our politicians and the elite.

[CaptainCrapper]

Yes I agree,,
politics now is money, there is no real politics of conscience.
want to be a president, also need money very much.
in many worlds like that. there will be no prosperity for the people.

If anybody wants to do politics needs money without money how can do politics. man to man very political system if anyone wants to succeed on political sector need money at fast then need other anything so I agree this point there is a saying goes money is the second god of the world.