Money an instrument of trust?

Lincoln memorial cent, with the S mintmark of ...

Lincoln memorial cent, with the S mintmark of the San Francisco mint. (Photo credit: Wikipedia)

I’m in a sort of ranting mood about the economy, you know it seems so complex, derivatives, repos, betting on the future then when all that complicated stuff breaks down and people take a running with trillions of dollars, we’d then look upon those people with some perverse type of admiration. I guess we (like me) have a basic fear of authority and we just can’t stop to question what is otherwise very simple. We are being taken for a ride.

When it comes to the economy and how we exchange things with currency, again it’s not complicated, there’s billions of things written about it, but again it’s not complicated. The idea is to make it complicated so we don’t know how much we’re being taken for a ride.

The whole idea of currency solved a problem once by being able to distribute resources in a fair manner – i.e. if person A contributes to his wider community more than person B, it’s fair that person A has more of the overall wider community produce available to him than person B. 

Currency or bits representing standard value, like chunks of rock (gold etc.), was useful before we had computers, now we have computers, currency is irrelevant (or it should be). All we require is program that calculates a person’s value based on his or her contribution. You know it’s not even a complex program, MS Excel does that basic accounting. In the real world, a guy asks me to build them a website, we agree on a value (number), I do the job, he is happy and he increases my value (as a number). I’d go then buy myself a coffee or I’d rather stay healthy and buy myself a juice instead, that would decrease my value etc. So it’s just basic accounting that’s required.

For that, we just need a database and a way to access it on the go. We utilise that type of functionality every time we go check our Gmail accounts etc., so that’s not hard either. The whole concept of being automatically charged by a third party (government / bank / etc) for just exchanging the value of our work is ludicrous, it’s basically thievery. It’s an example of taking value and giving nothing real back of value in return except smoke and mirrors.

We’re just basically duped into believing such draining on our economy (our real world exchange of value) serve some purpose to society, that taxes help make things better, that we are indebted to private central banks that create money from nothing, that those who we entrust to run things aren’t criminals, that it’s all so complex and that we better leave it to those same criminals to sort it all out. Really?

The thing is I know that it’s not really a problem with our system of money, money helps us, it’s a technology like any other that we invented to solve a problem. But maybe that’s just it, we had a problem and needed money, we didn’t address the actual problem, we instead managed it. Have you heard about the idea that money is basically an instrument of trust? All that means is that we don’t trust that if we do some amount of work that we will be fairly compensated. To ensure we could still work, we created money, we thereby created a way to manage the basic feelings of distrust that exist within us. We didn’t address the distrust we have for one another.

So like all things, it’s probably more fruitful, actually not probably, definitely more fruitful to go to the source. Why do we feel distrust? When did our trust get broken to give us those feelings? What do we need to do to heal? How do we heal?

I suppose in the end I get sidetracked. I see all the systemic problems in society and focus on that because I don’t believe that I can heal what’s already in myself, what’s already in us all – that makes the systemic problems occur in the first place. It’s more fruitful I take my pain to God, that I can truly forgive others, forgive myself, that I can truly feel sorry for my personal contribution to the distrust that holds us all back as a whole. First though I probably best punch the shit out of a punching bag!!

6 thoughts on “Money an instrument of trust?

  1. Kathara

    A couple days ago we were having a conversation with friends and I said it keeps amazing me that people who have so much wealth that they’ll never be able to spend it in their life time, do everything they can to amass even more of it. Humans are strange.

    1. David Wall Post author

      Yeah, true at some point accumulating wealth at the expense of others, when you’ve got no use for it yourself, you’ve got to stop to wonder: “why am I doing this again?”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s