Money makes the world turn round. Money allows people to easily trade their skills, products and services for any other skills, products and services they need and want.
In the beginning, everyone was their own bank. Everyone had their own money which was available to the person, but very rare to every one else. Your money, called barter money, was the services or products you offered for trade. This barter system worked as long as you were able to find people who had what you needed and at the same time wanted your money. It was very difficult to find the right people to trade with. So people made products mainly only for their own needs and wants.
Some smart people invented universal barter money that was so attractive to so many people that it was widely accepted by most. This new money allowed freedom of trade for all. It was like the people had a computer network to instantly find someone to trade with. This freedom led to advancements in society unachievable otherwise.
Most people agree that money is the blood that nourishes a society and allows you to buy freedoms and comforts. But money attracts money, giving it unfair advantage that bleeds money from the many to the few until all the money is concentrated in a few hands. No one likes to play Monopoly when all the territories are taken.
There are 3 requirements required to make Monopoly a fair and fun game:
- 1st, all players must start with the same amount of start-up money. If you start the game with more money than the other players, you have an advantage from the start which is unfair and does not make for a fun game.
- 2nd, the bank can never be short of money and the money is freely available for everybody and
- 3rd, you can't make money directly with money. That means you can't sell or buy money or lend it out at interest.
Some people are born rich and some are born poor, the rich have a great advantage over the poor, like being born with a silver spoon in your mouth. Money is a commodity and is controlled by the banks that control how much money is given out and to whom. If banks are as well players, then eventually they end up taking over the game.
A few clever people who wanted to be rich and didn’t have any skills, services, or commodities to sell decided to sell barter money of other people. These barter money stores were called banks. Barter money had “value” if it could not be falsified and was small enough to be easily carried and used for small purchases. Finally, barter money had to last a long time and not be perishable, in case people wanted to save it for a rainy day. The more attractive your barter money was, the more it attracted people and the more value it had, and the more rich you became.
The more rich you became, the more afraid you became of losing it, and the more you hoarded your money.
Some barter money did very well.
One was sea shells used in the mountain regions far from the sea. It did well until someone found where they came from, took a long trip and came back with more than what was held by the bank. The bank lost more than half its value and no one wanted to trade for shells any more. This hoarding and speculating with barter money made an otherwise smooth running market, into a very unstable one.
In 300BC, the private teacher of Alexander the Great of Greece, Aristotle, claimed money should not be a commodity to be hoarded, but a law to be followed. He claimed money is a human right and should not be equated with wealth. Money is only a measurement of the value of products and services. Wealth is an accumulation of commodities that money buys. Accumulating money keeps money out of circulation and blocks its flows thru society.
But over the centuries, banks grew and expanded and became very wealthy. Money stayed a commodity, banks became centralized, and money trading became the most profitable business. The wealthier the banks got, the greedier they got. Greed drove people to hoard more and more money.
The rich kept getting richer and
the poor kept getting poorer.
250 years ago, when theories of the survival of the fittest were formulated and freedom from landlords was speculated, Adam Smith proposed a free market economy which was adopted by governments all over the world. He claimed human motives were mainly selfishness and greed and that competition in the free market put checks and balances to this greed like an invisible hand of God. This law of supply and demand and free competition prevented an otherwise unsustainable situation from occurring where one person ended up with all of the wealth.
The most successful money accepted worldwide was stamped gold pieces. When gold became too hard to find and mine for the banks, they used their power to convince the world market to change from stamped pieces of gold
to stamped pieces of paper with the fine print “redeemable for gold”.
When more and more people wanted to redeem their paper IOU for gold, the fine print was changed to “in God we trust” and with that they were able to print as much money as the people would tolerate before the numbers got too big to print on the paper and
the money had to be scrapped to start with a new one. With improvements in technology, paper money became too easy to forge.
The banks used their power and the power of technology and convinced the world markets to change paper money for secret numbers on plastic cards.
To keep the numbers secret, they used encryption.
When Mr Red wanted to give Mr. Green some money in the form of secret numbers, he had to seal the numbers in an envelope so that any tampering along the way would be easily detected.
Red <--------------------- Greem
Then he put the sealed envelope into a locked box that only he could unlock. He sent the locked box off to Mr. Green who put his own lock on and sent it back to Mr. Red.
250 years ago, when theories of the survival of the fittest were formulated and freedom from landlords was speculated, Adam Smith proposed a free market economy which was adopted by governments all over the world. He claimed human motives were mainly selfishness and greed and that competition in the free market put checks and balances to this greed like an invisible hand of God. This law of supply and demand and free competition prevented an otherwise unsustainable situation from occurring where one person ended up with all of the wealth.
The most successful money accepted worldwide was stamped gold pieces. When gold became too hard to find and mine for the banks, they used their power to convince the world market to change from stamped pieces of gold
to stamped pieces of paper with the fine print “redeemable for gold”.
When more and more people wanted to redeem their paper IOU for gold, the fine print was changed to “in God we trust” and with that they were able to print as much money as the people would tolerate before the numbers got too big to print on the paper and
the money had to be scrapped to start with a new one. With improvements in technology, paper money became too easy to forge.
The banks used their power and the power of technology and convinced the world markets to change paper money for secret numbers on plastic cards.
To keep the numbers secret, they used encryption.
When Mr Red wanted to give Mr. Green some money in the form of secret numbers, he had to seal the numbers in an envelope so that any tampering along the way would be easily detected.
Red <--------------------- Greem
Then he put the sealed envelope into a locked box that only he could unlock. He sent the locked box off to Mr. Green who put his own lock on and sent it back to Mr. Red.
Red ---------------------> Greem
Mr. Red took his lock off and sent the box back to Mr. Green who was then able to unlock the box and get his money.
The successful banks bought out the less successful ones, until there were only very few and very big banks left.
People believed that the role of the big banks was to be like a water tap, to let money flow and trickle down to the masses below in just the right amounts and to the right places at the right time to anticipate and satisfy people’s immediate needs and wants. Like watering a garden. Banks were to keep the economy smoothly growing in step with the number of people playing.
Money flowed down to the governments in loans so that governments could buy services and infrastructure needed by their citizens. It flowed down to drive the raw materials and essential services industries. Some of the money stayed to make a few people very rich. The rest dripped down to pay for mines, roads, hospitals and schools. These businesses kept some of it and paid out the rest in form of salaries to the workers, the mass consumers at the bottom of the pile.
But greed caused banks to hoard money until the bursting point, knowing that they would be always rescued by government bailouts when they burst as they were considered too important to be allowed to fail.
The flow of money up towards the top to the banks was from people and businesses paying interest for money they borrowed, and from products and services they bought, and from taxes they paid.
The banks got even more money for printing money to pay for all the destruction during wars, and the rebuilding after them. The banks became very wealthy and centralized and became dependent on big centralized computers.
One day the world computer network got infected with a virus that revealed that it had for the past 10 years compromised all bank records. On the 10th anniversary of this undetected virus, all banking records were erased. This in effect killed all the banks in one blow.
All finance grounded to a halt bringing down the manufacturing and energy industry with it. Factories were abandoned. People suddenly found themselves in a world without money. While people normally do anything for money, they usually refuse to do anything for free. Removing money was like removing the whip from the slave driver or the carrot from the donkey. All work screeched to a halt and all companies bolted closed. The food industry disintegrated back to local farms.
Local markets sprouted and people resorted to bartering.
World transportation ground to a halt. People stayed in their local areas and ate the local produce. Communication services and the mass media shut down leaving people in the dark, or in candle light for the lucky ones who hoarded candles.
Some found their new life better than before but more of them missed the days of money and many wanted to introduce money again into society.
Most agreed that a decentralized version of the centralized system that just died would be not only the best choice to make but the only choice to take.
A device that measured mental and physical exertion required for a series of tasks was developed. The device allowed money to be paid to your account. The amount was mainly depended on your exertion to do the task. It was a decentralized peer to peer just-in-time system that coupled employers with employees, skills with jobs and wants with needs. It issued just enough money at just the right time and place to just the right people to ensure smooth flow of the economy, and to ensure just in time education and care for the people.
Computers, their networks and other advances in technology made it possible to return to the decentralized barter money system that allowed for a system where each person issued their own barter money when and where they chose to.
Each person was given, on his day of birth, an amount of money to ensure basic needs for his lifetime. This was in the form of a computer chip that was embedded into the forehead. This device acted like a bank account and allowed salary and payments to be managed. This allowed people to earn additional funds to the basic amount they were born with.
Once a person worked, he could earn and accumulate additional money to improve his standard of living and to be a more productive player in the economy of his society by pushing his money and himself up the system. When a person died, his account was destroyed. Inheritance was limited to material accumulations only.
Everyone with this embedded money chip became a personal bank. It was not possible to do any buying or selling without using this machine as it was the only form of money available.
Some refused the implants believing it was prophesied in the bible as the sign of the devil. The device coupled the biometrics of the person with their start up electronic money, ensuring that they issue legal money that could not be forged. They became a personal bank.
The device limited accumulated money by having over flows count as merit points and the over flow money was redirected back to the ones with the least, to ensure a sustainable and vibrant economic growth for all. People with high merit points had power in the form of prestige and influence.
People spent their money when and where they needed to, in a Just-In-Time fashion.
The old and sick became major issuers of money
providing employment for many. They employed most of the doctors, nurses, and therapists, many scientists, and all of their support providers. And when someone became sick, they were really happy to have all of these facilities.
New aims and goals surfaced. Competition changed to cooperation. Greed took on a new meaning for many. It was no longer desirable to “have as much as you can have” but to “give as much as you can give” or in other words “get as many merit points as you can get”.
Life became like a game of Monopoly.
Mr. Red took his lock off and sent the box back to Mr. Green who was then able to unlock the box and get his money.
The successful banks bought out the less successful ones, until there were only very few and very big banks left.
People believed that the role of the big banks was to be like a water tap, to let money flow and trickle down to the masses below in just the right amounts and to the right places at the right time to anticipate and satisfy people’s immediate needs and wants. Like watering a garden. Banks were to keep the economy smoothly growing in step with the number of people playing.
Money flowed down to the governments in loans so that governments could buy services and infrastructure needed by their citizens. It flowed down to drive the raw materials and essential services industries. Some of the money stayed to make a few people very rich. The rest dripped down to pay for mines, roads, hospitals and schools. These businesses kept some of it and paid out the rest in form of salaries to the workers, the mass consumers at the bottom of the pile.
But greed caused banks to hoard money until the bursting point, knowing that they would be always rescued by government bailouts when they burst as they were considered too important to be allowed to fail.
The flow of money up towards the top to the banks was from people and businesses paying interest for money they borrowed, and from products and services they bought, and from taxes they paid.
The banks got even more money for printing money to pay for all the destruction during wars, and the rebuilding after them. The banks became very wealthy and centralized and became dependent on big centralized computers.
One day the world computer network got infected with a virus that revealed that it had for the past 10 years compromised all bank records. On the 10th anniversary of this undetected virus, all banking records were erased. This in effect killed all the banks in one blow.
All finance grounded to a halt bringing down the manufacturing and energy industry with it. Factories were abandoned. People suddenly found themselves in a world without money. While people normally do anything for money, they usually refuse to do anything for free. Removing money was like removing the whip from the slave driver or the carrot from the donkey. All work screeched to a halt and all companies bolted closed. The food industry disintegrated back to local farms.
Local markets sprouted and people resorted to bartering.
World transportation ground to a halt. People stayed in their local areas and ate the local produce. Communication services and the mass media shut down leaving people in the dark, or in candle light for the lucky ones who hoarded candles.
Some found their new life better than before but more of them missed the days of money and many wanted to introduce money again into society.
Most agreed that a decentralized version of the centralized system that just died would be not only the best choice to make but the only choice to take.
A device that measured mental and physical exertion required for a series of tasks was developed. The device allowed money to be paid to your account. The amount was mainly depended on your exertion to do the task. It was a decentralized peer to peer just-in-time system that coupled employers with employees, skills with jobs and wants with needs. It issued just enough money at just the right time and place to just the right people to ensure smooth flow of the economy, and to ensure just in time education and care for the people.
Computers, their networks and other advances in technology made it possible to return to the decentralized barter money system that allowed for a system where each person issued their own barter money when and where they chose to.
Each person was given, on his day of birth, an amount of money to ensure basic needs for his lifetime. This was in the form of a computer chip that was embedded into the forehead. This device acted like a bank account and allowed salary and payments to be managed. This allowed people to earn additional funds to the basic amount they were born with.
Once a person worked, he could earn and accumulate additional money to improve his standard of living and to be a more productive player in the economy of his society by pushing his money and himself up the system. When a person died, his account was destroyed. Inheritance was limited to material accumulations only.
Everyone with this embedded money chip became a personal bank. It was not possible to do any buying or selling without using this machine as it was the only form of money available.
Some refused the implants believing it was prophesied in the bible as the sign of the devil. The device coupled the biometrics of the person with their start up electronic money, ensuring that they issue legal money that could not be forged. They became a personal bank.
The device limited accumulated money by having over flows count as merit points and the over flow money was redirected back to the ones with the least, to ensure a sustainable and vibrant economic growth for all. People with high merit points had power in the form of prestige and influence.
People spent their money when and where they needed to, in a Just-In-Time fashion.
The old and sick became major issuers of money
providing employment for many. They employed most of the doctors, nurses, and therapists, many scientists, and all of their support providers. And when someone became sick, they were really happy to have all of these facilities.
New aims and goals surfaced. Competition changed to cooperation. Greed took on a new meaning for many. It was no longer desirable to “have as much as you can have” but to “give as much as you can give” or in other words “get as many merit points as you can get”.
Life became like a game of Monopoly.
THE END
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