Monday, November 2, 2026

Debt Money and Who "Owns"?

I wrote a few posts about the absurd claims of ownership of the so called "new world" by governments (really the mafiosi ruling clique) of countries like France, Spain, England, or the Netherlands back in the age of sail. The french claimed ownership via rituals and claims backed by the fucking pope, as if that somehow added validity to the nonsense. The Netherlands and then the young USA took a contractual/legalistic approach for their nonsense which is why there are a bunch of treaties with "Indians" and the US.

The thing that really set the "ownership" claims of the US in stone was the mass of US citizens settling various areas and their collective consent to the rules of the game of land and property ownership. That game appeared to be based on fairly common-sense rules, for example: when you mix your labor with some naturally free thing, you get some entitlement to "own" said thing.

That sequence of historical examples is pretty interesting to ponder with respect to the current corporate/financial landscape in the US. The debt-based money creates a model of ownership that's more like the spain/france model of new world claims than the work-mingled model of the US. Like, who "owns" a corporation when the money to purchase it came from loans aka printed money? There's no "risk" by the purchasers, even though corporate types run their pie-holes about their "risk taking" all the time. Many "investors" are shuffling debt money around in a similar way. They're not risking their actual personal money into some corporate deal.

It's all some elaborate ritual of paper shuffling. The "original" owner of some company might have owned it in the common sense way, but the new owner certainly does not. This is especially of interest to employees, who for whatever reason decided to accept this new pile of shit system over the past 50 years, mainly because they don't realize it happened.

This is especially apparent at tech companies where the engineers literally "own" the intellectual property of the company, as it is/was in their brains. They, however, agree to play the game imposed on them by some corporate twats and dutifully sign over ownership claims on patents, for example.

Anyway, the people with the money printer really claim ownership over everything in a really specific/peculiar way--mainly on a per transaction basis. That is, any ownership claim is settled using their digits.

A fairly interesting and subtle shift is happening to this overall model, though. It's cheaper and easier than ever to "do" anything, that is make any product... For me, personally, I wonder daily why I am still "working for" somebody else as an engineer. It's probably a question millions of employees have, well at least the people who actually make stuff or do stuff have.