Not everyone understands the economy or how it works. It’s easy to misunderstand and be fooled by people who do understand and withhold information for their own advantage.
Inflation of the economy is similar to inflation of a ball. Let’s name this ball, our economy.
When inflation happens, our economy has more volume. The ball can be filled with metal and the weight of the metal makes our economy worth more. The weight from the metal represents products such as technologies, food, resources, services and loans. Inflation causes the ball to become filled partially with air. The air represents currency bills printed in order to sustain the ball’s size and volume.
So, if our hypothetical economic ball is supposed to be filled with metals, we can assume it’s supposed to weigh a ton, right? Well, what if we don’t have enough metal to fill the entire ball? The right thing to do would be to earn more metal to properly fill it up.
Instead, our government chose to fill the economy with worthless bills, or air as it’s been called.
There used to be a time when everything represented value, and anything valuable could be treated as currency. Eventually, a systematic approach was implemented in order to form a more containable economy. There were two metals that were accepted by banks, gold and silver. Both which remain valuable, useful metals.
If you wished to make a purchase, you would always be sure that one ounce of gold equaled an ounce of gold, and nothing about that could ever change. Once the gold standard was eradicated, currency bills complicated the economic system and became very unstable.
The government was unable to make loans out after running out of gold while the gold standard was in place, so to bypass the issue, all of the gold was collected by the banks and people received dollar notes which would no longer represent a particular weight of metal.
Instead, we have air currency, which can change value at any time. Have you ever tried to purchase historical money? The metals alone, without any historical importance, are valuable, unlike our green paper currency. They’re more expensive than they appear because people believe there is real value behind their dollar when there’s nothing.
Without products to back up the bills, the economy inflates. There can be a triillion dollars of product, but if there’s ten trillion dollars of currency, then every new dollar is worth 1/10th of a dollar.
Say you want to buy a TV, but you only make $10 an hour and the TV is $500 at the moment. You would think that the government raising minimum wage to $15 an hour is a good thing, but think twice. That $500 television is going to cost you at least $750 now thanks to the adjustment to inflation. The amount of time and effort spent obtaining enough money for the TV is going to remain the same, but now everyone who made more than $15 is going to be able to buy even less thanks to the economy.
You can’t just raise minimum wage without raising the output of products. There must be a product being sold behind every dollar or else all money loses value. There used to be metals to back up every dollar and inflation was impossible.
In today’s world, the government will continue to print currency forever despite knowing what it will cause. If they just stopped printing or even slowed it tremendously, then everyone’s money would become more valuable and the prices of everything would drop noticeably.
Deflation is good. It means the air is being replaced with metal. The currency is being met with products to back it up. Your buying power is restored. The TV that was once $500 could become $300 very quickly.
Even though the reality is quite simple and straightforward, the world’s greatest con artists and scammers are convincing the public that raising minimum wage would somehow be desirable.
RAISING MINIMUM WAGE IS VERY BAD. If they successfully raise minimum wage, there will be more currency, but not more products, meaning everything will become more expensive for everyone.
The economy is the system used by a region or sovereign nation to buy, sell and trade valuables. The system we know today is flawed and unnecessary. Real valuables can always be used in the simplest of economic systems.
If you want to make money, don’t seek money. Create value. Products and services are the foundation of any economy.
We don’t need money.
What do you spend your money on?
Money = Value 