Our Time/Labor is Finite, But Money is Infinite

by Charles Hugh Smith
Of Two Minds

Once we understand this mechanism, we understand that labor can never get ahead.

I’ve been pondering a comment longtime correspondent Drew P. emailed me in response to my post, What’s Holding Up the Market?: “Our time/labor is finite, but money is infinite.” Drew explained that creating new fiat currency and injecting it into a closed system (our financial system) controls and restrains the value of our time and labor, past, present and future.

This is a profound insight into why our financial system is inherently exploitive and why it is unsustainable.

As citizens of Venezuela and other nations have discovered, the power to create infinite sums of currency devalues the fruits of our labor in the past, present and future. As new currency is injected into a stagnating economy, the purchasing power of labor’s earnings declines. The only way to keep from sinking is to borrow money, which siphons off labor’s earnings via debt service to those who get the new fiat currency: the banks, financiers and corporations.

Continue Reading at OfTwoMinds.com…

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