Before hearing about the Yap this past week and other stories I never really thought about how controversial money really is to the world. There is no set value to money it varies from place to place. In reality money is fiction. You can work all your life in the pursuit of wealth. These days your wealth is measured in the amount of paper bills you have in your bank account. What happened in Brazil in the 1990s just goes to show that your hard earned money can become worthless in a short amount of time and you can not do anything to change that. The people of Brazil were content with believing that their money was worth something, then the government decided who cares about our people’s money lets build a city and print money to do it. This caused hyper inflation and we all know what happened after that. So i asked myself who was more organized with their money? The government of Brazil or the people of Yap. I would say Yap they were fine living like they were until the Germans came along.
Most people in this country do not see or feel their money because it isn’t their for them to see or touch. A number on a computer screen represents the money they own. I guess we have developed an extreme amount of trust for these banks that hold our money. In this sense this concept is exactly like Yap. When the Yap would make large transactions they wouldn’t be able to lift the heavy fei. So the fei would stay on the former owners lawn, but it would really belong to this other person. The person doesn’t physically have the stone in his posession, but he owns it. In a sense this is how are banking system works.
The bottom line is you need money in this world to survive. No matter how illogical the idea of money is the fact is you need it. One day our money might become useless and there will be people saying “I told you so”.