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	<title>Comments on: Wealth vs. money and other selected F. Soddy quotes</title>
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	<link>http://lebleu.org/blog/2010/04/09/wealth-vs-money-and-other-selected-f-soddy-quotes/</link>
	<description>Thoughts on the future of money</description>
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		<title>By: Andreas Pizsa</title>
		<link>http://lebleu.org/blog/2010/04/09/wealth-vs-money-and-other-selected-f-soddy-quotes/comment-page-1/#comment-1109</link>
		<dc:creator><![CDATA[Andreas Pizsa]]></dc:creator>
		<pubDate>Sat, 10 Apr 2010 13:14:15 +0000</pubDate>
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		<description><![CDATA[These are some good  quotes, Guillaume - thank you for sharing. I mostly like &quot;Power over men is the essence of debt. Power over Nature is the essence of wealth.&quot;&lt;br&gt;&lt;br&gt;The idea that money is merely &quot;nothing&quot; and just information about debt is a relatively modern concept of the 19th and 20th century. The idea to create &quot;wealth&quot; out of nothing was implemented in the 19th century (Crédit Mobilier). It&#039;s pretty powerful technology; one can fund otherwise expensive wars and at the same time create the illusion of bringing &quot;wealth to the poor&quot;. It&#039;s especially popular among politicians as a means to make unfulfillable promises and expand power: debt is power over people, and financing government programs through such debt is absolute power. Creating money from nothing is the modus operandi of fractional reserve banking and central banks.&lt;br&gt;&lt;br&gt;&quot;Power over men is the essence of debt&quot;. In this sense, we are all slaves. But who&#039;s our master? Those who issue are: governments who grant institutions the monopoly to issue debt (like the US and the FED) or who own central banks with monopoly power (like the EU and the ECB).&lt;br&gt;&lt;br&gt;&quot;Power over Nature is the essence of wealth&quot;. Good, sound money, therefore, is a natural resource. Salt, fish, rice, shells, metals - these are all natural resources that are per se tied to the nature&#039;s laws, the earths boundaries and natural constraints. You can&#039;t artificially inflate corn supply; you either produce corn - and create wealth - or you don&#039;t. In that sense, if over time - through a social process, not through a top-down &quot;declaration&quot; - a certain good becomes a &quot;generally accepted medium of exchange&quot; (money), is is wealth that spreads.]]></description>
		<content:encoded><![CDATA[<p>These are some good  quotes, Guillaume &#8211; thank you for sharing. I mostly like &#8220;Power over men is the essence of debt. Power over Nature is the essence of wealth.&#8221;</p>
<p>The idea that money is merely &#8220;nothing&#8221; and just information about debt is a relatively modern concept of the 19th and 20th century. The idea to create &#8220;wealth&#8221; out of nothing was implemented in the 19th century (Crédit Mobilier). It&#39;s pretty powerful technology; one can fund otherwise expensive wars and at the same time create the illusion of bringing &#8220;wealth to the poor&#8221;. It&#39;s especially popular among politicians as a means to make unfulfillable promises and expand power: debt is power over people, and financing government programs through such debt is absolute power. Creating money from nothing is the modus operandi of fractional reserve banking and central banks.</p>
<p>&#8220;Power over men is the essence of debt&#8221;. In this sense, we are all slaves. But who&#39;s our master? Those who issue are: governments who grant institutions the monopoly to issue debt (like the US and the FED) or who own central banks with monopoly power (like the EU and the ECB).</p>
<p>&#8220;Power over Nature is the essence of wealth&#8221;. Good, sound money, therefore, is a natural resource. Salt, fish, rice, shells, metals &#8211; these are all natural resources that are per se tied to the nature&#39;s laws, the earths boundaries and natural constraints. You can&#39;t artificially inflate corn supply; you either produce corn &#8211; and create wealth &#8211; or you don&#39;t. In that sense, if over time &#8211; through a social process, not through a top-down &#8220;declaration&#8221; &#8211; a certain good becomes a &#8220;generally accepted medium of exchange&#8221; (money), is is wealth that spreads.</p>
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