When my nephew was three years old, I remember him picking up handfuls of gravel in the driveway, dropping the rocks back on the ground and exclaiming in a celebratory manner “MONEY, MONEY”. My sister-in-law looked at me and said “I wish I could see what he is seeing, he does this all of the time”.
In my typical over-think everything fashion, I thought about this for years. If gravel was money, quarries would be the new banks. This would be no different from the gold claims of the 1800′s.
Nowadays, we have been led to believe that money is pieces of paper or coins or digits on a computer screen. All of that is a great way to keep score and does fall into the definition of money but there is more to it. In fact, all ‘money’ in the bank is measured in inter-national digital units and is therefore less than $0. The reason is because it has to be borrowed into existence, it is therefore debt and less than $0. The actual money or asset is held by the banks in the form of a securities that we as creditors sign and authorize.
The Uniform Commercial Code (the global commerce game’s rule book) defines money as “anything of material substance”. While this includes securities, pledges, bonds, dollars and coins, it also includes the body, this chair I sit in and these words that I write. I say this because most people feel broke these days and that is because they have been lied to about their actual wealth, it is because they feel more secure in their insecurity. They choose to believe it. Go figure.
I’m looking around the room at the obvious: Table, chairs, floor, the entire house, the television, trinkets on the piano and so on and so forth are plain to see. There is money everywhere and there is no shortage. What really strikes me is that the UCC’s definition of money also includes my physical body and any outputs arising from my bodily activity (labor). In fact, this is so valuable that the governments of the world pledge it in the form of bonds to the IMF in order to secure fiat credit. The people are the ipso-facto creditors of the system, the government knows it and the only reason that any of us are paying for things is because we’ve been lied to.
Anyway, back to the gravel. Imagine for a moment what it would feel like to suddenly realize that have an infinite supply of “money” all around you. You’d probably celebrate like my nephew. The one thing that he didn’t do with it however is stuff his pockets with it. He just chucked it back on the ground and went on with his day.