Not meaning to be offensive here Sam, but your style of writing makes it sometimes difficult for me to follow what you are saying so perhaps I have missed a point you are trying to make.

There is no hypothosis here - this IS the way it functions. I take it that you accept that the sovereign/currency monopolist (Milton Friedman would have referred to them as "monetary authority") is empowered to create and extuinguish it's own currency of issue. If nobody was, global economic growth as we know it would be impossible. If the money supply were not to steadily (and the keyword is "steadily") expand, how could an ever increasing amount of goods and services be utilized by and exchanged between a growing population? Or even simply an increasingly materialy wealthy population? Everything would have to be bartered.

No matter how you look at it, you must conclude that money is coming from somewhere and that it is not a fixed, unchanging sum. Someone must continuously create it or it CANNOT exist. I take it you accept this?

We are in no danger of Weimar-style hyperinflation. We run a modern monetary economy with a free floating currency. 1920's Germany had much less control over the value of it's currency at home. There existed a gold standard and Germany was being forced to meet massive war repatriations to the allies. The money that backed this boom just gone bust can't come flooding back - it isn't there! All that is there is private debt. Aust govt has for years been witholding money from circulation by running up huge surpluses.

I would have thought there was sufficient information for you Fozz- it would have given you enough information to produce a PhD doctorate in economics- but you clearly state that you cannot comprehend- It sounds like a Rudd excuse when He does not want to comprehend.
I did provide you a link earlier to explain the Origins of money and its exchange, and its value.

Anyway Fozz, it will all mean very little in about 18 months – Incompetence and Inability rule now – so many of us are willing to, and have prepared to, - Exceed from the Psychiatric “STATE”, the honour and integrity of your money is meaningless junk, and your new Creators of Incompetent idiocy care little for what they publically claim , and are actively , and , continually propagandise and exploit the idiots spherical designed parameters to suit their own depravity, to feed their own mental sickness ,all by worthless fools.

The impending collapse of the Western World is inevitable; - Whilst Rome burns, There are No other havens to escape too Fozz.
Socialism in all of its toxic and cancerous forms has turned our world Malignant
Good luck.

Why don't you spell it out for me All?

I couldn't really see anywhere in the rather poetic opinion piece you linked to anything that clearly stated "the origin of money is <xyz>"

I am not asking who first dreamed up the concept of an intangable medium of exchange - I am asking you HOW IS IT CREATED? Who creates it? Or does it create itself? Who or what is behind the steady expansion of supply?

You appear not to have attempted to answer this question.

Then you appear to blame the collapse of loosely regulated financial capitalism on..............socialism.

Nonetheless, I am not convinced that you are a hopeless case. You just need to think.

Capitalism died a long time ago Fozz – it is a bureaucratic industry now and it has been for a long time.
Liken it to when you write a cheque Fozz , It is a bit of paper with numbers written on it , and an amount that is described as to your honour of payment ; If I was to write a cheque for an amount of money I know that does not exist – it is dishonoured .

That is the nature of money Fozz , it is a substitute for real gold and Honour amongst men and women-
Short supply these day , do you agree?

I take your attempted insult as a complement Fozz – and I do hope I am very wrong about the future , but it is not an opinion Fozz .