Humour me for a moment and let us pretend I am somewhat well informed on the Global economic strife at hand.
Despite that I was raised in an environment which only seemed to allow for financial stresses, in the back of my mind I have always thought that money was not real. As a population, we have allotted value in the form of “currency” to objects and services. When I was a child I couldn’t help but ponder how money actually came to be. At this point, I’m tempted to dive into my childhood rendition of how the butcher and baker managed without coins to place value on their services, but I shall spare you the painfully imaginative thought process and fast forward to why I see money as non-existent in our current world state.
Articulating the reasons money is nothing more than a mere numeric value par calculation of supply and demand could seem obvious to some and blatant gibberish to others. However, I will leave it at that. Money is nothing other than a numeric assessment. To even use the words “worth” or “value” seems deceptively incorrect. The “worth” of a service or article varies much like beauty and the eye who desires it. I know lots of people who refuse to pay five dollars for a friggin’ cup of Joe and others who do it daily! Worth is completely subjective. Quantifying qualitative study in an academic setting has never be seen as objective or fair – yet from an economic standpoint it is perfectly sound? Someone explain. Please?
So society has taken this qualitative numeric assessment tool, manipulated it over centuries to become a seemingly concrete form of “worth measurement” and then used it to establish entire economies and social standards. I am beginning to see why there is a lack of confusion by the fall of this American empire.
Then we take in the fractional reserve system – who ever thought loaning out imaginary money was a good idea? (For those of you who have not heard of this, please investigate. It is absurd to the point of hilarity.)
And “The Federal Bank of America” – I am admittedly naïve and uneducated, but it is going to take a very long and in depth conversation with an incredibly intelligent, trustworthy economic guru for me to believe that paying a private bank to have money printed was ever going to work out in favour of the people.
I will not even bother venting about the interest sales on faulty mortgages because it is just so overdone and obvious at this point, I’d be poking a dead rat. In an abandoned house. And I would not want to do that because in couple years that dead rat may have more “worth” than that house.
Enough of my exaggerated opinion of the idiocy (or should I say unjust brilliance!) that has brought about the current world economy. I shall recoil my tangent and attend the subject at hand. The non-existence of money.
You used to be able to get a breakfast at IHOP for a toonie. That toonie breakfast is now $2.99. So what is another dollar when it is so cheap already, right? Well, in fact, it is a %50 increase from 8 months ago. For my fellow millennials – QUIT IGNORING THIS ABSURD INFLATION! It is NOT normal. It is NOT pattern. It is extremely nonstandard and most of us would rather sit idly by refusing to acknowledge our efficacy in the matter.
I digress. I have found benefit in even this. If inflation keeps accelerating the way it is, my school debt load will appear as pocket change in a few short years. Boo-Yah!
As a result, I view this currency that rocks our world and shapes our health and our happiness as arbitrary at best. Even if the men in the G8 or G20 have perfectly calculated this mad mess, attempting to fight it would be accepting that money is real and tangible. When in fact, it is as concrete as my Grandmother’s hearing aids. You can touch ‘em, you can smell ‘em, you can use them and you can even taste them if you so please, but it doesn’t change that fact that they don’t work worth a damn!