How Do You Like These Apples??

in monopolies •  6 years ago 

I'm glad he tied it all together and am just as happy that we seem to be, yet again, independently on the same sheet of music. To demonstrate this agreement, here's the comment I wrote during the first half of the presentation:

"Great point on digital management and AI. One also has to factor in, along with the "dust bowl" phenomenon and industrial revolution, the creation of the central bank and fiat currency, which were used as tools to both manipulate people (including government) in a desired direction, control wages and prices, and capture capital monopolistically.

"Everything you've described is fundamentally enhanced by a monetary system with no effective "throttle" on the creation or elimination of currency. So, to tie it all together, you could easily write "Central Banking/Fiat Currency" in the middle of the circle."

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