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Comment by executesorder66 | Hacker News Reader

Yeah I know. Cash is just paper, that happens to have an agreed upon value by the majority of the population. And the money in a bank account is just a number in a database that happens to have an agreed upon value by the majority of the population.

Your hackernews comment just happens to be some text in a database that has a value which is NOT agreed upon by the majority of the population.

So my point was, since you don't seem to also agree that your money is valuable, please give all your cash to someone who does. And please transfer all the money in your bank accounts to someone else's bank account that does value those numbers.

Until then you are a hypocrite.

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Oh, the hypocrisy!

> Cash is just paper, that happens to have an agreed upon value by the majority of the population.

There really is no such agreement, it is a belief system. And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it. There is no democracy involved and has never been. Billions of dollars, euros and etc are conjured out of thin air and into the hands of the chosen ones as we speak.

Before cash started to rule everything around us, people would carry letters from kings, princes or other nobles, that would instruct subjects to provide the bearer with horses, lodging and hospitality. For example if they were travelling. Or if they were to lead a project. People had to work by decree, people received their benefits and etc by decree.

Just as the rulers today create an endless amount of money out of thin air, monarchs of the past would create noble titles out of thin air. With rights to estates and the servitude of the people who were born there and etc. People defending that oppressive and invented aristocracy system would say "it is the will and decree of God", just like you're now saying that today's oppressive and invented monetary system "is the will of the majority". Because most will always defend the status quo, no matter what.

If the money value is the will of the people, then when did the majority decide they wanted to have high inflation and even hyper inflation? I don't remember any such vote in any country, do you?

> There really is no such agreement, it is a belief system.

If everyone believes it, do they not agree on the same thing?

> And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it.....

I never said they did. It doesn't change the fact that most people still value $1 the same amount.

> If the money value is the will of the people

I never said it was their will, I said they mutually agree to it's value.

> then when did the majority decide they wanted to have high inflation and even hyper inflation?

They didn't. The value of money (or anything) may go up and down over time, for any reason. But in a single moment most people will agree to the value of $1.

But anyway, back to my only point, since you think money is worthless, why don't you give all your money away? Why are you keeping it?

So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.

Oh the hypocrisy!

If that's what you're stuck on, I'll gladly let you stay mentally stuck there.

> So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.

Except for short-term liquidity you can be damn sure that I don't keep any fiat money in my possession, and neither should anybody else. That's why the stock market keeps going up, everybody wants to get rid off inflation currency as quick as they can.

I guess my incredible hypocrisy is much worse than the geriatric rulers completely destroying the wealth of their nations in less than a generation by enslaving young workers with their fake monetary system.

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