Where does money come from?

Question

There is a quantity of money that each country competes for, right? They get money by selling or trading a service/item to another country. The money is earned by manipulating others into spending their resources on your product/service.
This cycle is manmade and doesnt really exist outside of an agreement amongst those that control the world...
How do i know that i am getting a fair value for my work?
Could the rich people be manipulating this monetary system that they created, that no one else understands... except a few economists....
If there was a flaw in the system, where the rich were milking us of greater work than it should require, HOW WOULD I KNOW IT? , We all work so hard and just live our little hard-working lives, when we may be slaves/servant and never even know it...

Answer 1

That's a very good question. You are right that what ever is the criteria for the establishment of the currency and amount, it's all being manipulated by those who create it. One thing for certain, DEBT will cripple your chances to succeed. One way to live is to earn more than you spend most do the opposite. Learn to simple your life. Make the distinction between what you really need and what you think you want. Just know that nobody can be trusted with money. Remember that.

Answer 2

Anything can be considered money. Everyday the people work and create wealth and goods. The market translates these goods and services according to supply and demand towards a certain percentage of the money supply. Everytime economic growth is used through freer competitive markets with no barrier to entry, money, also meaning goods and services, increases with it. The nice thing about economic growth is that it pulls the people up out of poverty! There is a reason that half of the world lives off of less than $2 a day! They don't have economic freedom. These people also have the countries that "care" and "help" with government. To me that's an oxymoron. Hope this helps!

Answer 3

Money is owned by individuals who knows the economic systems of the countries. They posses money through stocks in big companies that control the economies of the countries. People are manipulated to work form them in banks and factories. Thus, no matter how hard an employee works, he only gets a salary above the minimum wage but the income derived from the business goes to the stockholders.

Answer 4

Don't forget that new wealth is constantly being created. Every hour that you work, your create new wealth, in example.

There isn't a stable money pool, it's always growing.

And, to your larger thought: In true and pure capitalism, one person owns everything, in the end. We aren't "pure", but enough so that the rich do indeed get richer, and that fewer and fewer people do indeed own ever greater percentages of the worlds total wealth.

In the end, it crashes down in revolution, and we start over.

Now I'm a Conservative capitalist, I believe it's a great motivational system. But it's flaw is apparent, it eventually has to be dissolved.

But when that happens, we'd be wise to start again with capitalism. It's the greatest wealth creating system ever devised.

Answer 5

"How do i know that i am getting a fair value for my work?"

The rest of your question is irrelevant, but I will adress this part.

You have to place a value on your work. How much is being profited from your work is out of your control.

You receive paper $ for your time/work. The goods and services that you consume are purchasable with paper $. If you put in 40 hrs/week and can't get the goods and services that you need/want then you aren't getting paid enough. Go back to school.

Answer 6

Money as we used to think of it doesn't really exist...if Bill Gates decided to "cash in" all of his stocks and bonds and bank accounts, I don't think a bank in the world would be able to put together that money in cash...big money gets transferred from electronic account to electronic account, and people carry around credit or debit cards...

In the "good old days" you received immediate gratification from your work...whether you were a baker or a blacksmith, if you were good at your craft, you ate well...if you couldn't learn a craft or skill, you would have trouble surviving...

Of course you are not getting a fair value for your work, but you are, relatively speaking, probably getting a better shake than someone in say, China or the Phillipines in a export-free zone who makes clothes for North America and gets paid 23 cents an hour...

Answer 7

All input into the human bio-system, indeed all input into the Earth bio-system, comes from 1) minerals within the Earth, and 2) solar energy.

For humans, this means that all new wealth into the system comes from agriculture and mining. If you are not directly engaged in either of these endeavors, you are not a producer of new wealth. You are a transformer or distributor of existing wealth that they have produced.

People who make tractors, for example, do not produce new wealth. They make a machine out of minerals that allows farmers to produce more food, ie, more wealth for the economy. They affect production indirectly by improving the productivity of the prime producers. And farmers give them their excess food in exchange for their machines. It's a win-win situation.

Goverment walks a fine line between being helpful and being a thief.

Check out any of the works of Walter E. Williams. Or Ayn Rand...

Answer 8

It come from the suitable of a economic value. Why does it exist because of the fact if it didn;t exist there might exist a barter device the place you should commerce one component of get carry of yet another. enable say you have 5 fish and you pick to for some lobster. reckoning on the quantity of fish that the owner will take exist a value that the owner is keen to commerce the lobster for. with no economic device this international could be unorganized and no longer able to paintings effectively. It has value because of the fact it help all of us understand the cost of ingredient. enable say you pick to purchase a can of pepsi you understand that it rather is around $one million. without funds you does not understand what the cost is. you should figured it out, that why funds exist. funds exist for the only objective of putting value on ingredient and making it conventional for all to nicely known

Answer 9

Good question. you've answered right. Gold standard was taken away along with silver and replaced by a note (loan), we lost America to the world and theirs no way in hel to account for the value but thru the stock markets (trade). We were screwed!

Answer 10

They got a big printing press and they make the chit out of it with nuthing to back it up,right now US goverment owes China Billions of dollars they borrowed to fight Iraq war with