“Sonny it’s money that matters, hear what I say, It’s money that matters in the USA, It’s money that matters, Now you know that it’s true, It’s money that matters whatever you do” Randy Newman
I want you to suspend everything you have learned about reality and see the world in its purest form. Money, therefore, is a meaningless green piece of paper. It is only considered valuable because of the worth we put to it.
The dollar is utterly worthless and merely a piece of paper. It is not backed by gold or anything with substance. It used to be that if you had the United States currency you could exchange it for a certain amount of gold. What we have is fiat money. Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
Do you know that for every dollar you put in the bank that the bank can loan out ten? The practice is called ‘fractional lending’. That’s right they can simply make money out of nothing. With an ability like this, it is no wonder that banks are the most profitable business out there. Hold on things are going to get worse.
The United States or Federal Reserve can simply print money to make more of it. This is a very precarious thing as with the increase of money in circulation the value of the money goes down. However, there is the concept of the petrodollar. The United States, through its military might, insists that the only currency used to buy oil is the U.S. dollar. Thus the dollar is a necessity for all the nations of the world. Iraq wanted to drop the petrodollar and were destroyed. Libya wanted to back their currency with gold and they were destroyed. After all, if you had a choice between a piece of paper that could be cashed in for gold or a piece of paper which could be cashed in for nothing, which one would you chose?
The United States debt as of this moment is over twenty-one trillion dollars. Our GDP or how much money we ‘make’ in 2016 was a little over eighteen and a half trillion dollars. So if we took everything that we made to pay off the debt we would spend a year’s wages and still be in debt. One way to eliminate the debt is inflation. That is if the price of everything continues to rise then what is owed diminishes. That is why the prices for everything constantly rise and never go down.
I believe in an egalitarian society. That is where everybody shares things economically, socially, politically and so forth. If you want to say such a society couldn’t work I simply have to point you to what existed in what is called the “United States” pre-1492. The Native Americans had a society with little crime, no poverty, no jails, no psychiatric hospital and very little warfare. Certainly not the diabolical all-out war that Europeans practice.
So here is the thing the economic value of the citizens is not equal. Some possess more than others. In fact, some possess more than they could ever use while others go hungry and are homeless. I want to point out several things. That all of these lands were and still are stolen. Whenever some arrogant racist says to an African Americans that they should go back to Africa I have to give off a cynical chuckle. African Americans, at least some of them were brought here against their will to work as slaves. If the European invaders, who destroyed a functioning Utopia, would go back to Europe we’d be better off. So those who hold great wealth or old money in the United States have to trace it to evil origins.
African Americans invested their blood, sweat, and tears into the system. When ‘slavery’ ended they were ejected into Jim Crow without even forty acres and a mule. Now if you had some distant relative who a hundred years ago put money in the bank and you were the heir would you want the money? Not only would you want it, but you would demand it. The same thing with the former slaves, they are owed for their labor.
Many people look disparagingly at the poor who borderline on being destitute. They are after all taking while not producing anything. Well, there is a group of parasites on the other side of the equation, who do no work. But instead of receiving a pittance they rake in the balance of the money.
If we are to move forward as a people we must embrace these truths. When we learn to care for people more than material things this world will be a great place to live in. Until then the struggle goes on.
Please check out my book “Poet To The Poor, Poems Of Hope For The Bottom One Percent.” It will open you to a new and inspirational world. https://amzn.to/2KGdKLB