While the rate of the euro plunged through the cellar floor this week for no apparent and direct reason #clusterfuck, evidence came in that pOmo mOney is nothing more than hot air: it has no value. This is what we recently wrote in a clarification of the posting entitled, "
HOAX! they're Collapsing the Financial System!"
These pomo perceptions are actually short cuts to 'something for nothing', the mindset of the criminal. There's a word for coveting a value without wanting to do the necessary effort, or paying the price: it's called theft. The crime caught fire by Marx, who proposed to abolish money, so that material inequality might become a thing of the past.
What is money? Money is a thing in itself (paper, metal), but the real value is in the energy and the material of the surplus production which it represents. Fiat money is just money in itself (paper and metal) without the value of the surplus production. Without a gold standard or some other value reference, it is hot air, funny money.
