Money money money money!

Team AOJ,

Back in 1973, the O’Jays released single entitled “For the Love of Money”, and it was a smash hit. The song opens up with these famous lyrics…

Money money money money, money
Some people got to have it
Some people really need it
Listen to me y’all, do things, do things, do bad things with it
You wanna do things, do things, do things, good things with it.

Money is probably the most misunderstood facet of American life.  I am constantly amazed at the level that some people will sink to in order to attain money, and conversely, I am constantly amazed at how hard some will work to earn its rewards. Some hoard it as if it were the most important thing in life, while others throw it away frivolously.  Nations rise and fall based upon how well they handle money, yet the masses of people never have one class in school explaining how the stuff actually works.  What is a bank?  What does the Federal Reserve actually do?  Why are banks closing?  When did it start to go down hill? What role does the government play in this mess? All questions that most of us have purposely never been taught to answer.

I am reading the latest Robert Kiosaki book titled “The Conspiracy of the Rich”.  The book is absolutely a must read for anyone that wants to understand how our nation has gotten into this current mess, as well as how we can personally get our families out or the muck and mire.  Kiosaki promises to keep the explanations simple, and after reading the first half of the book I am more educated than ever on just how money works.  As most of you know, I love good stories, and I thought it would be nice to summarize what I learned about the history of money in a story…

Once upon a time there we a group of nomadic people that stumbled upon a valley with lush vegetation, ample water supply and shelter. The small group settled down in the valley and began the process of becoming a community.  The leaders called a meeting and decided that they would leverage the individual talents of each citizen in order to supply the needs of the community. Some were great hunters, and fishers, some could cultivate the land and grow crops, others were builders, seamstresses, and cobblers.  Each person became experts in their field of expertise, and a system of bartering became the norm. Soon everyone was trading their goods and services with each other as their individual needs dictated. The bartering system worked for centuries, until the community grew very large and the means of transporting chicken and cows and goods became burdensome.  Soon technology made the need for specialized talents less important.  Bob the farmer discovered a more advanced way to raise chickens, therefore flooding the market with chickens.  So much so that Bob could not trade chickens for shoes and everyone started to feel the pressures of the barter system.

One day a man found a vein of precious gems in a cave and these gems became a valuable Commodity.  Soon everyone had a few of the precious gems, and they start trading gems for chickens and shoes and services.   This sped up the commerce of the community greatly because every item had value associated with it and the gems served as payment for clothing, chickens and the like.This system lasted for centuries as well.

As the value of the gems increased, they became the basis for all payments and wealth in the community.  As with any community the criminal elements began robbing and stealing the gems from the hardworking individuals.  The crime became so bad that everyone was afraid to carry their gems on their person. A man named Ima Banker designed a solution to the problem.  He bought a building and offered to store other people’s gems in return for a small fee, and he provided the deposit owner with a paper receipt that could be traded for goods and services with other receipt holders. Soon everyone gave their precious gems to Mr. Banker for safe keeping, and the again the speed and ease of commerce increased and over the next decades Mr. Banker’s family became very wealthy. 

The economy boomed and man named Mr. Jones became very prominent. He built a mansion and drove nice cars.   The Jones children were the best dressed, and Mrs. Jones had a seven carat diamond ring.  Mr. Jones belonged to the best country clubs, and rubbed elbows with the Bankers.  Mr. Jones was the envy of  95% of the citizens, so everyone went to the Bankers to borrow receipts to keep up with the Jones’.  Mr. Banker could only legally lend receipts up to the value of the gems that he had in his vault. So he sadly had to turn away borrowers that did not qualify for the loans.  One day Mr. Banker’s well intended, but sometimes self serving  Uncle Sam stopped by.  Uncle Sam informed Mr. Banker that he had gained influence with the citizens by promising to take care of them, and to provide services in every town to supply their every need.  Uncle Sam made the citizens think it was their right to be taken care of,  in exchange for a portion of their receipts every pay day, and once in April on the 15th.  So Uncle Sam passed a new law in the land that Mr. Banker could loan more receipts than he actually had in his vault. The citizens were thrilled because the extra receipts allowed them to keep up with the Jones’. Mr. Banker became more wealthy because now he could charge the citizens fees on receipts that were not even backed up by real gems.  Uncle Sam was happy because now he could expand his influence with the citizens, and charge the fees for his services.  Again the speed of commerce increased and everyone prospered, but there was a dark cloud looming…

With every citizen having an abundance of extra cash, the price of goods and services began to inflate to ridiculous proportions. Mr. Bank and Uncle Sam knew that something had to be done to insure their wealth would not crumble,  so they assembled an international group from the Banker family to form a special branch that would always monitor and keep the receipt supply at the right levels (Fed Banker). Uncle Sam had always been leery of his foreign kinsmen, but by now he needed their support to stay in power himself, so he allowed the unthinkable to occur.  Uncle Sam actually allowed The Bankers to print an unlimited amount of receipts as they deemed necessary, and in essence detaching all receipts from the actual value of the gems.

With the freedom to print receipts at anytime the Bankers had the ultimate power, and they became blind with greed.  So much so that they would print and loan receipts to anyone that wanted them. Even those that did not qualify for the loans were given special deals.  Soon every citizen owned large homes and drove huge vehicles.  Citizens traveled the world and lived like kings and queens.

All was going well until the business owners over spent, causing them to fire their citizens.  Some other business owners robbed and cheated their business into oblivion, leaving millions of citizens out of work. The citizens,  who had also over spent called Mr. Banker to inform him that they could not pay his fees because they lost their jobs.  Uncle Sam over spent on wars, and services, and wasteful programs that served no one,  so the citizens could not pay Mr. Banker or Uncle Sam, and this was the beginning of the end.  Uncle Sam tried to pay the citizens  that were out of jobs, but his receipts were short because of supporting everyone all those years.  Mr. Banker tried to print more money, but that only made the inflation go up more.  Uncle Sam tried to stimulate the citizens by giving them receipts, but again the value of the receipts could not undo years of overspending. The citizens began losing their homes, cars and possessions, and this caused the entire economy to spiral downward toward depression.  Their health began to suffer, and masses of citizens were left to live out their lives in poverty.  

Mr. Banker was still wealthy because he convinced Uncle Sam to bail him out with phony receipts based upon the next generations potential earnings. Uncle Sam passed laws that neither he nor Mr. Banker would ever lose their wealth, so most citizens kept living and paying fees to Mr. Banker and Uncle Sam.  The few citizens that had acquired mass wealth aligned themselves with Mr. Banker and Uncle Sam, and the rest of the citizens lived sadly ever after…

But there was a small group of citizens that educated themselves on how they were duped, and they vowed to never allow themselves to fall prey to Mr. Banker or Uncle Sam again.  They vowed never to live for convenience over conscientious. They vowed never to choose security over liberty again.  And these few citizens vowed to band together, and fight for their families futures together. The End.

6 thoughts on “Money money money money!

  1. The End ….or is it?

    See, I see rams in the bush. I see individuals who will pursue passions instead of fake pleasures. I see a group of individual rascals who love their freedom and the freedom of their country so much that they are willing to go out and share the message of hope and freedom with those who are uneducated and uninformed.

    These individuals realize that it is not going to be easy. The realize that they may get laughed at. But they ask themselves the question “Should such a celestial article as freedom be esteemed so cheaply….forbid it almighty God….give me liberty or give me death”

    TEAM AOJ1…let's roll

    L 30 10 5 P…our families are depending on us!!!


  2. What a Great story. When a wise person hears truth he acts on that truth because a “word to the wise is sufficient”, or in this case a “story to the wise is sufficient”. Sufficent to take the necessary steps to improve and/or change life for himself, legacy, those he love and those God has called him to serve.

  3. Its funny that u write about money. B 4 i read this story my son an i was just talkn about how money works. Im glad u wrote about this n more detail. Now i can let him read this and tell him 2 go get the book. Thaxs so much $ all u do.

  4. Great story, Raymond! You have such a way of communicating complex ideas and making them simple and understandable. I'm sending this article to a friend! Thanks for sharing your talents and learning with us!

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