It took a good while but now we work for paper and digits and trade hours of our life for nothing more than stuff they can create out of thin air.
See, this is what I feel money is in our modern times. Sure, it was once created, because trading gold and silver was probably just too much of a hassle, but money being backed by gold and silver sounds weird to me in our modern times. I can't just go to my bank and say "Hi guys! I'd like to take out all of my saving, but not in paper, give me gold please". I basically don't know anything about monetary systems, but money being backed by gold/silver in our modern times just doesn't sound like it can be accurate. To me, the only thing that sounds logical now is that money's value comes from the value our society puts on it.
Go to youtube and look up "hidden secrets of money" by Mike Maloney. His video explains (way better than i can😉) how this fiat monetary system is and how it used to be. Last thing i will add is that anything that a population finds value in, can be currency. And pretty much nothing would be money if the human race had anything and everything it needed or wanted without having to trade or exchange for it.
Thanks, I'll have a look!
Yeah, that sounds about right. Though thinking about human nature, I don't think it would even be possible to have anything and everything we needed or wanted, without finding something new to then want.
Agreed. Just one of those "perfect world" thoughts.