The Foundation of Money

What money, you may ask? And that will be a good question; yes Good Sir, a good question indeed and I will allow discussion on that. Let us have a look at this thing called Money.

There used to be a time when Governments vowed to exchange a one buck note of money for its value in solid gold but that time … well, it’s a long time ago. There have been many good stories about money including one of my favorites about the fellow in Germany long time ago, stacked all his money in a suitcase and went to the railroad station to spend it because it had become almost worthless, all his savings over a lifetime, but when he turned his back on the suitcase for few minutes he discovered to his amazement that his money was scattered all around the platform but the thief had taken the empty suitcase.

Way back then when money was still real one’s wealth was usually measured in terms of hard assets, land or other real estate; stock in trade in the business was visible in concrete and steel and, if you, for instance, owned a bicycle factory your inventory would include steel, leather, bells and whistles of the actual hardware through the various stages of manufacturing.

The natural thing any wise bicycle manufacturer would do in those days would be to keep an eye on the vacant lot next door with a view to buying it to enlarge his facilities when the time was right and when it came he would call the bank; a manager would come over and look at the lot and advance him the money.

Those days ended I would guess around 1990, about the time we got a thing called The Webby or as they would have us all call it The Mighty Internet, the Space Highway some call it and we all rise up in rage when any effort is mentioned to curtail or lessen our Freedom in Space.

You guys will argue with me now but I wish you to think about it. Who owns the Internet? The robbers, thieves and the drug cartels, ole friend, they own and operate it.

But what does that have to do with the Foundation of Money, you will ask?

Good Sir[s], you really think that the woes of the Financial World are over? Well, you had better think and have another guess, Good Sir[s], and think well, mind that. It ain’t over Sir; in fact, it has only just started.

The Webby and its owners have converted your money to entries on a computer chip.

Oh yeah, better watch your suitcase; spend the money that you have now; spend it and borrow as much as you can and spend that too. Debt is about the wisest investment anyone can have these days because The Foundation of Money exists no more.

The Webby is about to take over. Freedom, you ask? It’s a myth, good Sir[s]. Read all about it in the Euro Barclays Bank Scandals and what will happen to Greece/Spain to mention a few as things unfold over the next few weeks.

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7 Responses to “The Foundation of Money”

  1. elcampeador Says:

    Bu-but, all I have is a duffle bag tied to a Pole slung over my shoulder and Grabowski ain’t pleased. 🙂

    • Ike Jakson Says:

      Hi Great El

      Whatever you do, hang on to that duffle bag to keep your dry bread out of sight. I am sitting glued to my radio today. Our dear German Chancellor made it plain yesterday that Europe’s debt is not German debt and that she is not going to share in Euro debt during her lifetime. That’s tough talk but I think the lady means it.

  2. Ike Jakson Says:

    Thanks Nebraska and Elcampeador

    I like it too but I am just doodling along hoping for better days to come.

  3. christophertrier Says:

    Our Merkel isn’t a joke. The few concessions that Spain, Italy, and the Frogs extracted from her are now getting pushed back by the Finns and Dutch who are even less interested in it.
    As for debts… They can have my student loans if they’d like, I’d be happy to sell them for a song!

    • Ike Jakson Says:

      Christopher

      I have said it more than once that Obama is irrelevant in World Matters. You know, I believe that what America should be concerned about is the fact that Obama had the voters to get him into the White House, and they may just do it again.

      How can a country survive with voters like that?

  4. christophertrier Says:

    Sorry for the delay in replying. I’ve been a bit sidetracked.

    No, a country cannot survive with voters like that.
    I tried having pleasant discussions with Obama supporters
    and they could never really articulate clear reasons why
    they support him for a second term. I’ve sparred with them
    and the only thing they come up with are platitudes and accuse
    me of being a right-wing extremist. The US can survive a weak president. In fact, the US is often better off when it has a weak president as (s)he can’t make the country bend down to her/his will like a strong president. It’s when a president is a strong, slick crook that it goes wrong.

    • Ike Jakson Says:

      Good morning Christopher

      It’s less than four months before we will know what the voters have done; after that the reckoning will take place.

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