What are problems of the International Monetary system?

Answer 1

Everything in life revolves around money. People don't look after each other since, they only care about how much they can make off each other. Take a look at 3rd world countries. Hungry, shelter, education. These can be provided to everyone in the world easily, since we have the technology but, we won't because it costs too much. Same goes for laws. They are just attempts to control recurring problems in society. But, we will never completely eliminate crime since, we are not solving the root cause. Most of them are because, criminals are usually brought up in a poor environment with little or no money. Only thing that is valuable to us is technology. Money has no materialistic value. A car allows to travel from one place to another. A heater keeps us warm. A toilet helps us maintain a healthy waste system. Technology is the only thing that is important. Money is pointless. Also, the way it is brought into our society is flawed. Money is simply created from thin air in the Federal Reserve bank and traded to the government for Treasury Bonds. The government is promising to pay back the Federal Reserve the original sum plus interest. Already there is a problem. The interest cannot physically exist. Even if all the money was payed back, there would be no physical money left to pay the interest. So, as you can see, the International Monetary System is very flawed and is the root cause of many of societies problems today.