Thursday, 5 February 2009

Magic Marbles from Mars, and Venutian leaves

The problem with currency is that it doesn't have any real value. It is something that comes off a printing press. Once upon a time, each government backed their own currency. In those days, the job of a government was to protect the borders and defend the currency, or was it the other way round?

Nowadays, there are solid assets - Magic Marbles from Mars and money - Venutian leaves

Real world assets
 
Magic Marbles from Mars, which store units of work 
Land and resources
Shelter
Food and medicines 
Gold

Symbolic exchanges 

Currencies or Venutian leaves

The only relationship between Magic Marbles from Mars and Venutian leaves is what people agree. 

An hour's labour, an acre of land, a house, a square meal and a kilogram of gold have intrinsic worth. 

A pound, a hundred pounds, a thousand dollars and a million yen are only worth what governments and people generally think they are worth. They have no real value. We all agree that a Million yen could probably buy you a nice flat in Mayfair but only because we agree that Yen are worth having. It might cost more than a trillion Wombatians that is because none of us know where Wombatia is. 


Copyright Dr Liz Miller 2008

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