Pennsylvania (GREED) – We all know what money is. Money has been called “the root of all evil” and stands accused of “making the world go round”. It is the catapult of capitalism, of any society, really.
In 1913 President Woodrow Wilson signed the Federal Reserve Act into congress. Currency is now printed in 1 of 12 locations within the United States. The Federal Reserve is not a government entity. Seriously! The Federal Reserve of St. Louise explained on their website:
“The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends.”
The Federal, well, “Federal” Reserve decides the basis of what we will spend our lives chasing – the money we need just to survive! Their policies force us to trade our hours for often dismal pay.
THE COSTS OF MONEY
Besides the monetary costs of making money, such as interest and printing/engraving, (more details can be found on the federal reserve website) there are many sociological costs. Families are torn apart due to the stress money generates. Or the chase of money (as it is utmost importance in modern day survival) creates neglected children and estranged bonds within the family unit.
Not only that, but according to a 2014 HuffPost article, “psychologists who study the impact of wealth and inequality on human behavior have found that money can powerfully influence our thoughts and actions in ways that we’re not aware of, no matter our economic circumstances.” The article goes on to explain that multiple studies find that money often hinders compassion and the ability to empathize with others.
We literally trade our lives for paper that isn’t backed by anything at all. The Federal Reserve readily admits this on their website.
WHAT OTHER OPTIONS ARE THERE?
We work for money because we need to eat, pay rent, buy clothes, use electricity, and everything else. This is our world, and we’re taught there are no other options.
But is that true? After all, society didn’t always operate on money!
A barter system is an old method of exchange. Mint.com offers this description: “[Trade and barter] has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.”
On the other side of the coin, Jacque Fresco developed the Venus Project. Their site explains that this concept “proposes an alternative vision of what the future can be if we apply what we already know in order to achieve a sustainable new world civilization. It calls for a straightforward redesign of our culture in which the age-old inadequacies of war, poverty, hunger, debt and unnecessary human suffering are viewed not only as avoidable, but as totally unacceptable. Anything less will result in a continuation of the same catalog of problems inherent in today’s world.”
I’m not declaring that one method is better than the other. I’m simply stating that other options do exist, and have existed. It’s our society; therefore we get to decide what world we want to live in! Do we continue the money game? Or do we implement a new tomorrow?