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Showing posts with the label manufacturers

Just my thoughts #0759

The medieval church forbade usury and claimed that usurers went to hell. However, as the feudal system of the Middle Ages declined and merchants emerged as an emerging power, usury businesses amassed enormous wealth. Usurers donated their corrupt wealth to monasteries, and when they died, they could be buried there. It was a bonus that the donor usurer could receive the sacrament of confession shortly before death. Fear of the afterlife caused poor churches to accumulate wealth, used to decorate walls or build larger, more elaborate structures, leading to the Renaissance era. The unjust usury business sparked a literary and artistic revival. Let go of the illusion that only good things can change the world for the better or the right. The innocence of ignorance about how the world works makes it easier to accept sin and corrupts the world into evil. - Joseph’s “just my thoughts”

Just my thoughts #0555

Cash serves as a universal means of payment for exchanging goods and services that everyone needs. For manufacturers to continue producing these goods and services, prices must be slightly higher than the market value of cash . This is because if the value of the goods or services produced falls below the cash, manufacturers or service providers will prefer to hold cash instead of producing these goods or services. Consequently, it is accurate to say that the value of cash is less than that of the goods or services. However, people desire cash because it functions as a means of payment endowed with “ compulsory circulation power .” In other words, cash has no limits on the exchange of value and possesses the capacity to reward even human life. Due to its enforced value exchange by law, people consistently strive for cash, even if it holds less value than goods. Therefore, all economic indicators and expressions of wealth are converted into cash. - Joseph’s “just my thoughts”