Would the world be better off if we eliminated the monetary systems?

Question

The reason that most people are experiencing extreme hardships such as starvation and thirst is because they don't have any money for fresh food and water. If we eliminated all money, would that eliminate the hardships?

Answer 1

No, that would solve nothing and would made things much worse. You presumably buy and consume things yourself, right? You eat food, you wear shoes, you use a computer and the Internet.

If there were no money, how would people know whether to make those things you need, and how much of those things to make to satisfy consumers? Money isn't just a medium of exchange -- it's the thing that allows producers to count and estimate demand; it allows people to communicate their needs beyond their immediate circle of family and friends. A monetary system among other things is a communications network that sends signals about supply and demand.

In fact, it would be completely impossible for producers to acquire that information with any kind of efficiency without a monetary system. You would certainly have to do without most of the things you need in life. And this is why no society in history that did not have money reached any stage of modern technology and sophistication.

Answer 2

The Federal reserve is a grouping of the worlds richest people who aren't part really of the federal government, but have a chair person who represents in the federal government. The Federal reserve initiates the printing of US currency based on Federal government request for borrowing, and the Federal Reserve lends money to the country that doesn't really exist. Meaning, it can't be backed with gold. At time the Federal Reserve will recomend to Congres certain actions to keep the economy floating and protect their better interests, and more money gets sponsored by "the federal reserve". Mr. Green Britches is very loyal to the system, and does his utmost to be of help in keeping things afloat. The Federal Reserve then turns around and charges interest to the nation bases on that money that doesn't really exist, but has been pumped into the economy as printed currency. Now the country is paying interest to the Fed Res. on artificial money, and in the long run, the Fed. Res. expects the loan to be paid back in principal as real money. Here is from where and how the 700 billion dollars comes into existence. People have been geared to spending money B4 they have it which is the ancient Asserian system. There is where the simple change needs to happen. Make the money firt, then spend it. Wall street depends upon making money from money that people spend B4 they have it. It's in otherwords making money from money again that doesn't yet exist, and it's an eveil system. There are basically two things that people should take out a loan for but not if you don't need to. A house and a reliable vehicle. Sound scary? Well it is! Some day the train wrecks. Start to make sense why Rich looks after the Rich and why Lobbyist so seem to set the direction? There will eventually be an American currency, Not meaning US, but rather continental American currency. There are now 3 global market places. Europe Asia and continental America. NAFTA didn't happen as a political decision but became a given between Canada, US and Mexico for America to compete on the world market place. We probably will end up with an American currency and it could be called NAFTA currency? Kind of like the Euro! In the future end result, there will become a global economic system, totally electronic based on what will include no currency, will not be supported with gold, and may use a unit known as the digit instead of the dollar or yen. You just work metric from the basic digit as in moving the decimal point up or down. Each person will have a number assigned which will line up with the barcode network so that all transactions can link and conclude at each individuals bank credits for the buying and selling done by all persons as well as by large corporations. Gold will no longer be the base, and will only be melted down for jewellery value. It isn't too far off and the train wreck is what will be the play card that will cause all countries of the free world to fold their hand and move over to this system. The global economic system is so tied in that if the US system collapses, they all go with it, including China at this stage. The countries who aren't much effected are third world countries who already have nothing, or Middle East Islamic countries who don't have much or don't depend lots on credit from the World system. They too will be crippled by what will be equivalent to unplanned trade loss. Which looks like trade sanctions that no one has instigated. Me! :- )

Answer 3

Definitely, everyone should send their money to me, I'll handle that burden for the betterment of mankind. Seriously, if everyone was ambitious and community minded, all the work could be divided up and we could do without money, but men are greedy and lazy. Maybe when robots are perfected we can eliminate money.

Answer 4

Barter is the only alternative to using money.

Do you really want to hitch a ride to California and work in the orange grove for a few hours just so you can have orange juice in the morning.

Plus, how do you plan on paying for your electric bill?

Answer 5

We really need another system. There's way too many poor people and our monetary system seems to be causing it.

Answer 6

Yes, but evil/powerful people enjoy it way too much.

Answer 7

No.