This is what happens when money ceases to be a ‘medium of exchange‘ and is a ‘tool for control’ instead:
The proposal by HM Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid…
What a farce:
- Central Banks create “money” from thin air as “public debt”
- then they charge “interest” to the Government
- the Government charges “taxes” to its citizens.
And how many businesses have been made bankrupt by HM Revenue and Customs???
I always refer to money as the stuff in my pocket or on my bank account. Having lived in Geneva for many years, I was, of course, used to a lot of different currencies.
But I learned about the real difference between currencies when I discovered LETS and professional barter companies with as “private” currencies vs the “national” or “public” ones we are used to.
This article goes at length into the difference between money and currency and ends by saying “central banks erode – and in some cases destroy – the value of their currencies.
To me, that is the purchasing power of a currency. The money that I save for my pension while I’m in my twenties is worth much more than what I get when I’m old enough. That is the long term effect of compounding interest on interest via National or Public Debts that must be called a “generational crime”.