I was just doing the kind of thinking that I think most people only do when under the influence of mind altering substances, but for me this is normal.
Has anyone realized that our currency here in America really amounts to nothing, and I venture to wager that the currency in most other countries doesn’t mean anything anymore either.
Trade and Bartering
Ok think back to the old days… yeah all they way back to when people traded things for other things, for instance if I was a farmer and I had milk, I could trade a few days worth of milk to a carpenter to come and build a fence. Or I could trade a rare metal like gold or silver for goods and services. Well somewhere along the line currency was created to stand in for rare metals and the price of “notes” were directly tied to the value they held against that rare metal. Some modern currencies still carry to nomenclature of this like the British Pound was (I believe) tied directly to the value of a pound of silver.
Well over time the dollar which was based on gold became based on imaginary currency. Now I am no expert, I am just taking what I see and hear, but it seems to me that our money is backed by nothing but debt. The way I understand it (and feel free to correct me if I am wrong) our money is based on the potential of the american economy. I would love to drive my car on potential, because it would potentially be full all the time, I mean I always have the potential to get wherever I need to go, but if my gas tank was empty then my car isn’t going anywhere. What about food? If you don’t have any food will potential fill your belly? I doubt it. Yet we walk around everyday with money that is only backed with potential…
I just wonder what happens when someone decides that potential isn’t worth a thing anymore? Or is that what hyper-inflation is all about? I guess what I am saying is, you might want to get your hands on something real because there is “potential” that one day all of this may not be worth a thing and then what will you have?
