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Damn, everyone knows the dollar is a colossus with feet of clay – because it’s not backed by gold, only by its public image in the world. Same as all other currencies, actually. I started thinking this way about 15 years ago… like, it’s gonna collapse, it’s gonna collapse… but it just doesn’t fall!!! What the hell is keeping it up???
It’s like in The Big Short – you think “this is it, this is the end,” but the end just keeps not coming. The unstable system doesn’t destroy itself; in fact, people keep it going for own peace of mind and to avoid having to adapt to something new.
I actually think that when all fiat money finally disappears (hopefully soon) and only electronic money remains, we could get rid of all the reserve currencies. Because we could set it up the way when you cross any border, your money automatically converts into the currency of the country you’re entering. And exchange rates should be based on some new ranking of countries. In this new ranking, each country’s level of debt should definitely be listed – because indebted countries, companies, and people are not attractive for investors.
It’s interesting that all myths both ancient and modern are built on the same three ideas: a myth of origin, a myth of the end of the world, and a myth that lifts up a religious group, saying they are special.
Myth of origin: a religious explanation of how people or clan began.
Myth of the end of the world: an explanation of why the life of a people or clan is finite and will end.
Myth of prestige: a way to show that people, tribe, or city is special and better than others – by saying that gods or divine forces helped create these people or a hero.
This idea comes from the work of Daniel Hook.
Under “myth of prestige” we can put all those ideas like “God is with us and because of this we will win” “we are the true believers,” “we are the chosen ones” – while everyone else is not.
This three-part idea works well not only for old religions but also for all kinds of modern religious and sectarian movements.
I had this idea – we should put a chip into every fiat banknote so that all of them, and their movement inside the country and abroad, could be tracked just like payment cards. Or like the tracker chips owners put in dogs and cats.
I asked DeepSeek about this, and it answered that Rus Government had come up with something similar – but better – national digital currency with a unique identification number.
They might say that with the introduction of digital currency, Big Brother will watch you even more closely.
What shocks me is that the US prints about $696 million. And they say, with a straight face, that these $696 million a day are only needed to replace worn-out old dollar bills around the world.
Like, imagine I live in India and I have a one-dollar banknote. It’s all torn and killed, so I go to a bank and exchange it for a new one.
Is that what they need $696 million a day for?
That sounds like nonsense.
For comparison, Russia’s Goznak prints about 19.2 million banknotes a day.
Why the whole world still tolerates these naked kings – these pieces of paper supported by nothing.
And in Russia, they plan not to just add digital currency to the money supply, but to replace paper money with digital rubles. Hopefully that’s what actually happens – because I remember Trump saying that to cover the US national debt, he would just write the debt number on a piece of paper and issue digital dollars for that amount. That’s just insane.
Well… at least it’s reassuring that bankers can’t just add zeros to their accounts, and that money emission is controlled only by the Rus Central Bank.
But on the other hand, it’s scary that such emissions are real and are used by world leaders – and also by cryptocurrency creators. Even that beloved Ethereum can be emissed as a part of the protocol to praise validators, so emission of Etherium is coded in this crypto… maybe you also make the same and become a digital nomad – which is probably exactly what Buterin did.
And then there’s usury (borrowed money returned with %). It appeared with humanity and will never die. The first person who borrowed, and the first moneylender who lent with a +300% return – just like today’s mortgage rates in Russia. DeepSeek says this +300% comes out of emptiness\thin air (because bank operating costs are much lower), and that society and business can’t exist without bank loans – and that +300% just spreads through the economies of country and the world.
Oh, and by the way in the middle of all this fiat, digital, and electronic money emissions, there’s Bitcoin – digital gold – because you simply can’t print more of it. At all.
Ah!! In the era of communism, the main question between equally equal comrades was: “Who will cook for the comrades and who will clean the toilets for the comrades cos there’s no monetary system any longer?” because none of the comrades liked to do it. Now, in the era of robots, these two main questions are solved. Food income and outcome supply are solved. So no wonder why the communism+capitalism hybrid China is leading now.
In modern society, more questions arise when we look at monarchies like the UK, Japan, or Thailand. I simply don’t understand why they need this atavism in the form of a king or queen. I don’t understand it mostly because I have never believed in inherited power from kings to their children. I wonder, why does Thailand need a king? What significant thing did the Queen of the UK actually do? Why not prove that they can govern a country based on their own life experience and earned authority, instead of inherited power? Are these monarches capable of ruling the country in big external debt for example, or solve crisis periods non militarily?
lol.. after these words about Thai kings i can be person non grato there.. and if enter Thailand i will be jailed for many years for insulting their King. I lived there – I know.
Ah! And I want to remind you that women workers on 8 March 1917 in Russia wanted King to return men from WWI and wanted food (bread), which was not enough in the city St.Petersburg cos all (additionally emissioned by king!!!) money were spent on war. And still we celebrate now 8 March as Women’s Day in Russia, but many forget that it was meant to celebrate the progress of equal human rights between men and women-workers (work, voting, etc.), and not the stupid day when women put on pink pants.
I have no idea why I’m writing this, but I simply dont support the idea of hereditary monarchy. And I’m also a bit drunk ^..^
P.S. So… these fiat and electronic money emissions.. what do? I really believe that every banknote or electronic unit must have individual No and if paper installed unique chip by which they can be searched by banks.. not people should be chipped, but money, every banknote.
All these electronic money, incl Etherium and all other (the exception is bitcoin) can be emissioned extra… means owner of this currency can easily add a few zeros.. I also believe that all modern nongov banks and services like PayPall have no problem of adding a few zeroes and extracting these additional money rom online to offline owners’ bank accounts.
So, what i want to say, people dont need Dollars and Euros and local electronic currencies that pollute (printed daily by owners basing on nothing valuable like gold stock) and slowly destroy\pollute local economies of all other countries of the world. I believe people need chipped fiat money – mostly dollars.. and electronic money of all the countries of the world are better be copied from bitcoin which cant be additionally emissed and for this reason bitcoin is called digital gold.
P.S. Sorry for this drunk history digging. I’m 45 and really need glasses to read from the tel and notebook, hope they will be ready soon.
Have a good day,
Vika Magnitskaya
