body on Nostr: “The notion of “economics” as an invention, was created at the beginning of the ...
“The notion of “economics” as an invention, was created at the beginning of the industrial revolution. ECONOMICS IS AN IDEOLOGY. Labor, money, etc are self-referential. They refer to each other and only to each other. They are completely disconnected from thermodynamics.”
The English word “risk” is a derivative of the Arabic “ris”.
“Ris” meaning the spoils of war, the very real resources allotted to the victorious soldiers surviving a war.
Economic “risk” as described by market actors and economists is detached from thermodynamics, and therefore not connected to real resources.
Therefore, the entire point of money is to swindle—to trade “risk” for “ris”… that’s the scam.
https://youtu.be/p9YCzrHugJI?si=hD4VFToPzlNm3O3y
The English word “risk” is a derivative of the Arabic “ris”.
“Ris” meaning the spoils of war, the very real resources allotted to the victorious soldiers surviving a war.
Economic “risk” as described by market actors and economists is detached from thermodynamics, and therefore not connected to real resources.
Therefore, the entire point of money is to swindle—to trade “risk” for “ris”… that’s the scam.
https://youtu.be/p9YCzrHugJI?si=hD4VFToPzlNm3O3y