Teach How-To Create Cash

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Avatar for sanctuary.the-one-law
8 months ago

You may want to learn how to do this while banks, internet, and electricity yet remain operating.

Teach your children that cash is only 'tokens' of Value.

Value is what cash 'trades' between people.

Teach them that, for Value, cash requires Credibility.

.HomeSchool.

It begins with a Promise - that is what cash is.

Cash is a promise to redeem a token with some kind of Value.

Originally that Value was gold, silver, or some other fixed commodity.

There exists a problem with such commodity based money.

Any commodity can be 'centralized' in some form or another.

History has always shown how physical commodities can always be transformed into unobtanium by entities that prey upon people.

There does exist a commodity that can escape centralization:

People.

A "Personal Cash" is a currency backed by a Promise to redeem.

That Promise is only as good as the credibility of the authority.

With credibility, such a Promise is as good as gold.

The neighbors we seek cultivate this attribute.

If your begin now you can teach your children to understand
how important Credibility and Value are before the internet dies.

Teach children,

along with The-One-Law,
that Credibility gives them the power
to negotiate good Value in trade.

You can begin by teaching them their time has value they can trade for what they want, if they can learn to be credible with others.

This path will help keep your economy Free.

Also briefly hinted at here:

https://twitter.com/TOL_Sanctuarian/status/1767356007234326913

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Avatar for sanctuary.the-one-law
8 months ago

Comments

Teaching younger generations that their time is most valuable above all is the best thing a parent can do these days especially when there are many things that steal time away.

$ 0.02
6 months ago

Teaching them the self-discipline of timing is indeed a skill which willhelp them prosper when the go out into the world.

$ 0.00
6 months ago

Nice, thanks!

$ 0.01
7 months ago

You're doing some cashrains, right? Anyway, this is a very useful insight. True.. paper money is just like an IOU note.

$ 0.01
7 months ago

Yes, Precisely correct.
An IOU note has a specific value
and is only as credible as the person who creates it.

Try going to meet the guys who create bankster notes
and you will discover the difference between Fiat and IOUs.

$ 0.00
7 months ago

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7 months ago