From a societal & civilization standpoint, money is one of the most pervasive and important systems we have and yet, very few people have any idea how it works or are under misconceptions about it. Our school curriculums are packed full of knowledge that is useless to a vast majority of students, yet money and the monetary system, topics of critical importance, are relegated to a small mention in high school economics should one take that course.
Given the importance of money, it's a very good question to ask ourselves:
Why is this?
The school system teaches how to use money but not how it works, the latter being a topic that every single human who has touched and/or used something that is called money should be learning about. Money truly has reached a point just below the importance level of food and shelter in terms of requirements for societal interaction and success in today's civilization.
The monetary system is paradoxically a grease and a glue: a grease for facilitating the exchange of goods and services and the glue that holds the bank/corp/govt triad together and allows them to do all the nastiness they do. A strong argument could also be made that it can be used as a glue, chains really, to restrict the advancement of humanity…a strong argument indeed.
In this section of the site, we'll go through all the important bits 'n bobs of money and the monetary system at the conclusion of which I hope you'll recognize the need for the status quo to be changed, regardless of which direction we end up going.
This particular chain must be broken once and for all.
Starting with some history, we will, in keeping with the rest of the site, build once again from the ground up. We'll review some of the key concepts of money and the monetary system, the how, what, and why as well as look at some basic examples in our day to day lives.