http://www.vtcommons.org/blog/2011/01/19/truth-power-illusion-money-david-korten
TRUTH TO POWER: The Illusion of Money, By David Korten
Submitted by Carolyn Baker on Wed, 01/19/2011 – 9:16pm.
http://www.yesmagazine.org/blogs/david-korten/the-illusion-of-money
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The deceptions are built right into our language. We refer to speculation as “investment” and to phantom financial wealth as “capital.” Indeed, when we hear the terms wealth, capital, assets, or resources we have no way to know whether the reference is to a real asset or only to a phantom financial asset. Our language gives us no way to make this essential distinction. It is no wonder we get confused and fail to recognize that Wall Street produces nothing of real value.
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I cringe every time I hear politicians and bureaucrats blather about “investing in education”, or this, or that. They are always “investing”; I’d call it “spending”, or even “wasting”.
The biggest delusion imho is “money”. Calling intrinsically worthless Federal Reserve Banknotes “money” is self-deception. Calling anything a dollar is perversion of the definition of 24.057 grams of silver.
We have to regain control of our language.
And stop fooling ourselves.
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