I wrote any fresh sections of the pages explaining the creation of the fiduciary walut from the air through the collage:
- Part 1: https://nie Correctni.pl/blog/gps65/Money-with-air-and-trade-sometimes
- Part 2: https://nie Correctni.pl/blog/gps65/creation-currency-with-air-of-nothing-ex-nihilo
- Part 3: https://nie Correctni.pl/blog/gps65/mystery-poltor-bilion-golden-who-no-no-in-no-seiff
- Part 4: https://nie Correctni.pl/blog/gps65/Why-reasonable-people-ununderstand-money-bank
This time I compose it again, but shorter, more concise and more complex. You may not read the following notes if you combine what is below. And if you don't do it, you might gotta cover it up. And if you inactive don't get it, then you're going.
Instruction of reading.
This text has 1 objective: to explain easy how the co-ordinated money works and in a way it is established in the creative system. It is not a chemical, it is not a chemical, it is not a chemical and it is not an assessment of the possible of bans, countries or marketplace participants. I'm not putting bad readins and I'm not giving him any insights. Tect should be utilized as a litheral.
I usage a fewer metaphores, but each of them clearly separate from the opinion of the brass. The method is utilized exclusively for the management. If the metadata appear to be inaccurate, it is essential to return to the power that precedes it.
The terms ‘money’, ‘volunteer’, ‘cash’, ‘bankove’, ‘active’ and ‘feed’ are utilized consistently and technically. This is important, due to the fact that the majority of the non-contributions in this strategy will be due to the possession of people.
Start-up map: 3 single orders.
In order to establish the banking money, 3 orders, which, in common thinking, are usually glued in one:
- First: Legal order. The crediture arranges it. 1 side of the animal is dedicated in the future to the circumstantial world, the second side is being made available today.
- Secondary: bi-lanson order. The bank conducts the books. In these cases, it takes its dues and obligations. It's a clean balance, not physics.
- Three: The operational board. It is about what it is possible to pay in the host: transfer, card, cash. It's a circulation.
If these 3 orders differ, most of them are different.
Minimal mode: a single transaction of the creation.
Let's start without a bar.
The client goes to the bank and gives a creative agreement of PLN 100 000. There are only 2 things in the book.
The Bank’s investments will include: “the amount paid by the client – PLN 100 000”. On the back of the page, the bank writes: "Klinta deposit – PLN 100 000".
There is no parliament here, of which these money are unique. There is no another client that has just been taken. A fresh evidence is published: the belonging and the relationship.
The client can pay this time: to complete the transfer, pay the card, transfer the funds to another ban. For the host, this indicates an increase in available purchasing power.
In the future, the client pays the creed. Each hand reduces 1 of the bans and returns the bans. At the same time as the complete payment of the CD, compose it down.
This is simply a full mechanism. There is no magic here, and there is no bank.
What's the matter?
Cash did not rise. Banknotes did not arrive. The money was created by the bankings, which were the accounting records, which functioned as money, due to the fact that it was a universally active apple of payment.
The money in this dream does not exist, the back of legal relations and money. They are just as much as companies, associations, associations, or entities active in the foundation – they besides do not lie in the communities, and even though they have a real value and a real guest effect.
Metafóra first: money and promise.
There's a meth.
You can think of the banque money as a network of promises. The recipient promises to return in the future. The Bank will make this promise and outwrite it that can be paid today.
The metafore has its own sounds, but the only thing that comes along is the money that's not inactive in the future.
As a result: this is inactive an asset and a match in the bilans.
Secondary: handelczasem
The Cretaceous is the present for the future. The client is present able to spend funds that he has not yet done. In turn, it will be returned later, with interest.
The bantionals can be utilized to categorize the full house. This is not cheating or tricking. This is 1 of the engineering mechanisms that have been liable for re-instituting the investments, with the consequence that physical savings will be made in cash.
In line with the possibility: this "extent" is written in bilantoly due and deposits.
A scale and a treasury trap.
In this area, there is simply a shock of knowledge. The sum of the money is now almost completely out of the question. In Poland these are hundreds of billions of different gold. This breeds an intuitive contradiction: “The money is not in the councils!”. And of course: no. due to the fact that it's a mistake.
The bancons are not a treasure. Synthems. The request to build it through the primacy of the locale leads to non-final non-contributions.
If all the clients in the planet are willing to pay, they will be able to pay precisely as they will erstwhile all of them are willing to sale the shares after that price. This does not prove that the shares do not exist. This proves that the fluidity is always in the game.
The most common intellectual errors.
- First: the bank must first have the money to borrow it. The banks must have a capital and execute their re-gular capabilities, but the evidence itself is simply a banjo in order to make a creed.
- Secondary: that fresh money is revealed, individual else must lose. No 1 loses in the creation of the creed. It is revealed in the future.
- Thirds: It's like a "trick". Accountancy is not an art. The language of the opinion of the relations has its roots. If a evidence is given, it is possible to re-issue funds, which are economically viable.
Why is that wise?
Because intuitions are educated by the planet of physics: crafts, magas, zaspas. That's the money of the banal abstraction, based on spirit and trust in the legal system.
This is simply a unique reflection of the histories with the shares, the numbers, and present with the figures. Abstract always comes later than intuition.
A fewer general projects (depart from the mech)
It's a bantive community technology. Neither “tural” nor “practice” from defiance. It's a tool.
A country full of this strategy grows a warrant of the rules of the game, not a parliament with money.
The critique or defence of this strategy makes sense erstwhile they are affected. Without this dispute, the metaphore, most frequently false, alternatively than mechasm.
Grzegorz GPS Swiderski
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