IS AN IDEA, AN INVENTION, IT’S A PIECE, A SYMBOL, A PATH, A GOAL, A DREAM, A LURE, A TEASE, A THREAT, A TREAT, A BARRIER, A TICKET, A LICENSE, A DEFINER, A PROTECTOR, A SYSTEM, A SOLUTION, AN ANSWER, AN AGGRAVATION, A GIFT, A CONSTANT, A CURSE, A FORM OF FREEDOM, AND AN ENIGMA. HOW MANY SOCIAL AND CULTURAL FACES DOES MONEY DISPLAY?
WE THOUGHT WE KNEW MONEY, UNTIL WE DECIDED TO DEFINE IT. WE COULDN’T, CONCLUSIVELY. WE HAD THE CONCEPTS, AND THE COLOR. BUT OUR LINES EMERGED BLURRED. FORM AND FUNCTION CROSSED. CULTURAL AND TECHNICAL NOTIONS MELDED. MONEY IS A COIN, CONVEYANCE, AND A COMPLEXITY. BY THE DAY IT’S INCREASINGLY INTANGIBLE.
Who trusts what they increasingly rarely touch? Everyone. No choice pal.
We assume we know money and we do. But every time we think we’ve glimpsed its’ sum, we spot yet another face or shade. Question. Does it matter? You tell us. Would you be comfortable with “blood money?” Question. How many terms exist for describing different types and kinds of money?
Culturally trafficked terms regarding money are freighted phrases. Each carries a tone, a fast slash of social import. Fact. Not everyone will accept “Dirty money.” Forget slang synonyms for now–dough, cake, jack, beans, bees and honey(British)…
“Old money” is what “new money” aspires to be. “Easy money,” is what most people would prefer. “Fast money” is mostly criminal or mythic. “Dirty money” is why they created “laundered money.” “Drug money” is both “fast money” and “dirty.” “Clean money” never needed to be laundered. “Big money.” “Hard money” is why people like “fast and easy money.” “Hot money.” “Greasy money.” “Tech money.”
“Mad money.” “Walking money.” “Grant money.” “Institutional money.” “Folding money.” “Paper money.” “Funny money.” “Donor money.” “Discretionary money.” “Dead money.” “Frozen money.” “Protection money.”
“Electronic money.” “Dedicated money.” “Mob money.” “Smart money.” “Dumb money.” “Family money.” “Inherited money.” “Soft money.” “PAC money.” “Corporate money.” “Front money.” “Buy money.” “Pocket money.”
“Professional money.” “Blood money.” “Hush money.” “Inside money.” “Outside money.” “Industry money.” “Syndicate money.” “Retirement money.” “Seed money.” “Oil money.” “Fiat money.” “Trust fund money.”
Money exists in three types: Intrinsic money–think South African Krugerrand, representative or “commodity” money–think U.S. silver certificates, and fiat money–think any wide currency in use now. Of course fiat money is backed by faith, followed eventually by action, theoretically.
3 thoughts on “Money Looks. There It Is Again.”
I firmly believe that FIAT money will soon destroy the world economy like a left hook knockout you never saw coming.
We now know how long the congressional memory is. Eight years. Following the total stock market colapse of ’08-’09 congress swept into action to “ensure” that “Wall Street” couldn’t devestate the U.S. economy again. Eight years on from the ’09 market bottom, congress bubbles mindlessly about reducing regulation, including Dodd/Frank. Several parts have been repealed already. Like it or not, Dodd/Frank was the only thing even slightly holding the pirates of Wall Street from again sailing straight into the rocks. The fiat dollar has plenty of competition when it comes to trouble. And really, name one country currently using representative money–just one. Sj
Subject to change without notice.