@common-planet
Economic Liberation: the end of debt & the beginning of infinity. An evolutionary economic system that accords with reality, reason, and life empowering human potential on a regenerating planet. "We must cultivate our garden."
Banks don't lend money. They create it.
And they captured the right to do it as debt with interest, forever!
commonplanet.substack.com/p/how-money-...
Part 2 of How Money Really Works
The Definitive Guide to Credit, Debt & the Illusion of Scarcity
The Money Trick β How Banks Captured the Ledger
I look forward to your comments, if any.
apparently you're familiar with the "official" story of banking, that's cool, but wrong. Gov bonds are not loans. the article will explain why and you're welcome to read or comment and rebut, or not.
But you don't get to make statements about what you think I'm saying. My words speak for themselves
Our next substack article, coming out later this week, explains how money and banking work. You are welcome to comment and correct us if we are wrong. enjoy your day.
commonplanet.substack.com
lol, you're confused, not me. You're parroting bank cartel misinformation. Federal reserve notes are just a fancy legal way to say US$. Where do these US$ come from to buy "precious" metals or bonds? Like the game of monopoly, US$ must first be spent (issued) into circulation.
lol, how can Treasury "collect" taxes in US$ if it hasn't already spent them into circulation? Also, bonds are time-locked savings accounts designed to suck out the extra money they just spent. They aren't selling anything. use your brain, think accounting and logically. Money has a source
1. yes, you were right, stablecoins are not the same as "payment stablecoins" but the use of the word is designed to mislead
2. wrong. The Fed does not control the money supply. it's merely the operator. it handles the transactions just like your bank does, but Congress controls the money supply
1. It calls itself a stablecoin, but not a legal "payment stablecoin". There's a difference in what reserves they can hold, and USDT holds some risky shit.
2. US Treasuries are NOT loans to the government. That's pure nonsense because the gov spends the currency into existence, it doesn't borrow
1. USDT is NOT a US Stablecoin, it's an asset-backed coin. It does not meet the US Genius Act code, but they are working to create an alternate coin that would be
2. Bonds are not loans, they are debt the Fed owes the holder same as your bank deposit is your bank's debt to you.
stablecoins are fractional digital ownership shares representing money deposited in a bank savings account. The stablecoin creator can deposit it with the bank for interest or buy govt Bonds for interest, that's the stability, the money is always there. A digital claim on saved dollars, that's all
Latest Substack:
Nations, Corporations, and the First Economic Game
How ownership, money, and legal fictions came to rule the world, part 1 of 3 series exploring how we got here, how it works, and how it could work.
commonplanet.substack.com/p/nations-co...
The βprosecute the former regime at every levelβ candidate has my vote in 2028.
The economic polycrisis is a structural failure: We made fighting over resources the foundation of value. That's madness!
We're building Creditism: a non-debt, non-scarcity system.
See the full framework on SubStack: commonplanet.substack.com/p/another-wo...
#Creditism #Polycrisis
This morning Remzi was on a live podcast talking about Creditism, Common Planet, and why weβre redesigning economic systems around life.
Weβre also announcing the launch of our global membership app called AYU: Planetary Play for Life this week. www.youtube.com/watch?v=Afma...
One of the best short video descriptions of how state money creation works. Just love the analogies and clear descriptions used. Well worth a listen.
This is an exceptional chat among David McNally, Clara Mattei, and Rep. Michelle McCane, who "reveal why the system is rotten at its core, and why freedom has always been won from below, not gifted from above.": www.youtube.com/watch?v=RcE-...
In this weekβs new #TheWeeklyShow episode, Jon, Clara Mattei & James Robinson discuss β¬οΈ:
>> Income vs. Wealth Inequality
>> Government Intervention
πππΆπ΄β¦
>> The Epstein Hoax
>> Elmo Lets Looza
NEW YouTube video out now.
www.youtube.com/watch?v=-d6a...
love the conversation βif you do this, then it opens up the opportunity for you to purchase other things.β
You'll love Creditism, a non-debt-based monetary system distributed as ubi, and then for participation as in the Credo experiment. see Common-Planet.org
Most of his wealth is in public stock and those are highly volatile, but even if they all continue to lose 99%, he'll still be a billionaire. He was never the so-called richest person... the real rich have secret bank accounts that don't disclose owners, that's who rules the world & controls Musk
Musk's Tesla stock is valued at over $140B yet the company has lost over $6B in its lifetime. Itβs as if a business owner walked into a bank and said, βI plan to earn $1B over the next 50 years. Give me the money today!β This is absurd. Yet this is precisely how public market valuations work.
Is Musk really worth $400B? Stock owners are cashing in on profits their companies haven't even earned yet - sometimes centuries in advance. If profit is supposed to reward risk, why are they paid before the risk even plays out? The stock market isnβt business - itβs a financial casino. π°π
Tariffs are about using power for financial gain. Tariffs will affect various companies and industries differently - some will gain, while others will struggle or shut down. It is intended to create volatility, which will be exploited for profit. That's the purpose: to increase power and wealth.
Auto/home insurance: repairs or replaces your car or home, making you whole again.
Health insurance: covers some maintenance but often denies repairs; it's cheaper to let you die as 'new models' are born.
The rules for fixing cars & homes are stricter than those for fixing people.
π 1st post & had to share this gem - activists just pulled off a brilliant move and took over www.cop29.com. Love to see creative digital activism in action! Looking forward to sharing more about economic evolution, open tech, and system change with you all.
β¨ Let's make some good trouble together.