Archive for the ‘money’ Category

Money and Circulation

March 7, 2007

Metatrons Art Gallery

Take a thousand dollars.  In cash.  Bury it in the backyard.  Leave it for a week.  Come back and dig it up.  What’s happened to it?  Most likely, not much.

Has it done you any good? not really.  What about for others? no.

Take another thousand dollars.  In cash.  You have an hour to spend it.  On whatever you want.

Then that thousand dollars has to get spent again.  In the following hour.  And again.  And again.

What happens after 5 hours?  That thousand dollars has been spent 5 times.  It’s gone round through different hands, been exchanged for different goods and services.  It’s fragmented and probably ended up in some faraway places.  But it’s been spent.  It’s been used.

A thousand dollars has been multiplied by 5.

All sorts of people have got a touch on it.

Circulation gives money it’s power and value.

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Forever in Debt

February 22, 2007

Easy finance is everywhere. It seems all you have to do is ask, and you’ve got yourself a loan. Want a car? boat? house? 3 month holiday? Get it on credit.

It’s a far cry from my parent’s generation. Sure they struggled, but they always knew where they stood in terms of money. Their commitments were clear: a 20 year mortgage to own their own place.

How much murky are things today! I still have a student loan which runs into the tens of thousands of dollars. There’s still a good decade left on that one.

Credit card offers come in by the week, I kid you not. How many Visa cards do I need? I thought only one.

It seems like the greatest of traps for a young person today. You can imagine a 21 year old who has committed themselves to two decades of debt by the time they finish college.

Debt is not something to be taken lightly.