When I use my debit card where is the money coming from? I know I worked hard at my job and earned the pay I was “given”, but I never physically had the money earned in my hands. My paychecks go directly into my debit account making things easier for me to not have to go down to the bank and either cash the check or deposit it myself. But, after reading/listening about the Yap and reading about the Brazilian inflation crisis they made me really think about what the true , I question the intrinsic value of my hard earned money.
The Yap used the beautiful stones as a form of money and really believed in their value as a “national currency”. Their belief in these stones to be valued as a form of currency was so strongly that they were even able to trust in trusted a man’s wealth even after his whose huge stone feicurrency was laying at the bottom of the ocean miles off their coastline. This made me think about how we as Americans, and most of the modern world for that matter, believe in almost fake currency as well. We can use a A little plastic card that represents our wealth when in reality we are not in possession of the actual thing that our wealth is based on (gold), which is very similar to how the Yap believed in that mans wealth although he was not actually in possession of the stone. Also with the case of The Brazilian change of currency to the real, it made me realize think about how really, at any time, our government could do the same thing. Although I do not think that would happen in our society, it is weird to think about because the reals, like dollars, are basically just a made up form of currency that the citizens now trust and believe in because they were told to.
Both of these stories, the Yaps’ belief in stone money and the Brazilian currency change, really made me rethink about how We value our money and use it so freely when we really don’t have what is of the real value (gold). Maybe if we owned were in control of our own wealth, as in owning and possessing our wealth’s value in gold, we would spend more carefully. about how we spend our money because we could literally see our wealth decreasing instead of seeing numbers change on a computer or not having a few more pieces of paper (cash). This topic was at first very unclear to me and confusing but now that I have really looked more into the way we believe in money and the way even I look at money and how it is not actually a true showing of our wealth, my thoughts on our money system has changed. But, even with this change of thought about our values in our money, who of us would actually care enough to not continue to pursue this unrealistic wealth?