Mr. Cook...
"One of the things that is going on is that money is being mis-defined as a commodity. People who believe money is a commodity think it has value in-and-of-itself. But one of the hardest things to grasp about money is that not even gold or silver money, or paper money supposedly backed by gold or silver, has or could have intrinsic value."
and Cook goes on...
"Unfortunately, large amounts of credit are used mainly for speculation, not for any benefit to the producing economy. This includes securities bought on margin and borrowing by hedge funds where the fund may make a profit even if the value of its investments goes down. Bank-created credit in this case is little more than chips in a casino."
All this is "funny money" or fake money with no wealth or value attached at all. It is all just a bunch of casino chips. Most people who go to casinos lose. Or in this case there is often a way to make others lose.
We humans create an abstract monetary symbol for value and then fall in love with the symbol. Money is a means to an end not an end. We forget we are trying to create a world that is good for everybody.
Over time abstract symbols worshiped for themselves cause things to warp where the rich get richer and the poor get poorer. That process can and has now gone to an exponential explosion of monetary processes where we see rich and poor with an ever increasing divide. The species human could snap in two. As Abraham Lincoln said "A house divided against itself can not stand". If we lose our connectedness and ways to serve each other, exchange with each other and help each other, we could lose species integrity and go the way of the dinosaur.
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