Martinez doesn’t understand labor money, which is understandable because it comes out of German left wing libertarian economic thought which he’s probably never looked into.
In a labor money system, different labor IS compensated differently. You have a baseline value for unskilled labor, and then that’s influenced by the amount of time investment put into the worker in achieving degrees, credentials, etc. This was originally theorized as achievable with a basic paper currency which could be altered with special stamps applied to the bills, however there are many ways such a system could be implemented now.
https://t.me/martinezpolitics/468
In a labor money system, different labor IS compensated differently. You have a baseline value for unskilled labor, and then that’s influenced by the amount of time investment put into the worker in achieving degrees, credentials, etc. This was originally theorized as achievable with a basic paper currency which could be altered with special stamps applied to the bills, however there are many ways such a system could be implemented now.
https://t.me/martinezpolitics/468
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"Each Reichmark was backed by one hour of German labour, so there was a value standard in place"
If that were true this would mean all labour was valued exactly the same. One hour of brain surgery would be compensated the same as one hour of toilet cleaning.…
If that were true this would mean all labour was valued exactly the same. One hour of brain surgery would be compensated the same as one hour of toilet cleaning.…
It isn’t the exact same system we have now because in the system we have now money is printed or shredded based on the whims of central bankers. Under a labor money system money is only issued for labor which has been done. This has an effect on controlling the total money supply. You can very accurately predict what inflation will look like based on labor statistics.
The stamps that were originally proposed by labor money theorists had nothing to do with food stamps, just a way to physically alter the bill so that a regular bill could be altered to reflect a higher hourly value for a skilled worker with a stamp for that skill.
You also don’t need to go to a bank to exchange labor money for laborers. You can simply exchange it for goods and services.
https://t.me/martinezpolitics/469
The stamps that were originally proposed by labor money theorists had nothing to do with food stamps, just a way to physically alter the bill so that a regular bill could be altered to reflect a higher hourly value for a skilled worker with a stamp for that skill.
You also don’t need to go to a bank to exchange labor money for laborers. You can simply exchange it for goods and services.
https://t.me/martinezpolitics/469
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The Real Martinez
https://t.me/RealTyphus/2955
"in a labor money system, different labor IS compensated differently"
Then that's not anything like what the guy was describing in the screenshot I posted. He said one reichsmark was anchored to "an hour of labour". Which means…
"in a labor money system, different labor IS compensated differently"
Then that's not anything like what the guy was describing in the screenshot I posted. He said one reichsmark was anchored to "an hour of labour". Which means…
Forwarded from wn was mistake cause you're all so fucking gay and retarded
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The stamps are an idea that came out from theorists, in practice it would likely look different especially since technology has come a long way since the 1800s. It doesn’t matter if you get paid upfront or after you work, your boss issues the appropriate bills when it’s payday and you spend them.
The difference in a fiat money system and a labor money system is when the paper currency becomes legal tender. In a fiat money system it’s right as the bills are printed, in a labor money system it’s at the moment of compensation. So new money being introduced into circulation is directly tied to new labor being done.
The difference in a fiat money system and a labor money system is when the paper currency becomes legal tender. In a fiat money system it’s right as the bills are printed, in a labor money system it’s at the moment of compensation. So new money being introduced into circulation is directly tied to new labor being done.
they actually took it.
https://stevekirsch.substack.com/p/why-cant-we-talk-about-any-of-the
the conspiracy was also designed to kill the people who enabled it.
https://stevekirsch.substack.com/p/why-cant-we-talk-about-any-of-the
the conspiracy was also designed to kill the people who enabled it.
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A GenX/Millennial Scottish guy pontificating about the world we live in, and are heading towards.
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