Money is faith based just like religion capitalism is now all about credit this is old news to me mostly cause I read alot now everybody can ask questions with out feeling stupid and hearing that's just the way it is
Money is not backed by faith because money (gold/silver) would have self containing value.
By refering to the currency we use as 'money', makes it harder to understand what is backing the currency.
It also causes people to believe they receive money after they work, giving the illusion of owing for the use of that money.
2 kinds of currency:
*non-backed (printed out of thin air, used as credit).
*labor backed (currency you receive 'after' you work, backed by your time/energy and labor).
The 'money' illusion--> currency placed in your account after you work, by calling it 'money', causes us to believe we recieve it with self containing value 'before' being placed in our account.
But the currency we receive 'after' we work is not income, it is not 'value coming in', niether is it 'profit'.
It is currency that needs our labor to back it. The currency you recieve after you work, was brought into existence,backed by your labor. It did not just "come in" to your account, your labor brought it into existence!
So understanding this, changes.... "money backed by faith" into
"currency backed by labor".