Everyone uses money. We all want it, work for it and think about it. If you don't know what money is, you are not like most humans. However, the task of defining what money is, where it comes from and what it's worth belongs to those who dedicate themselves to the discipline of economics. While the creation and growth of money seems somewhat intangible, money is the way we get the things we need and want.
Money is actually nothing but worthless paper created and handed out to us to make us believe we are working for something of value. But money has no value. Even the Treasury admits this, “modern money is known as ‘fiat money’, it is artificially created, has no value in itself and the basis in its use for exchange is typically a government edict.” – FOI request to HM Treasury.
Money has no value because it can be created and there is NO LIMIT to how much can be created. The reason gold and silver have value is because there is a limit. If we want more gold somebody has to go and mine it, and there is only a certain amount of gold available in the world. If a country needs more money all the central bank has to do is type a few numbers into a computer and that’s it, instant money.
Money actually never existed, it was created by the bank and written into existence. The money was created from a debt. This is important to understand because it means that every note and coin you own is actually a debt that somebody owes to somebody else. Without debt there is no money.
Money is basically debt, because without debt, someone taking out a loan, there is no money creation. Money is created from loans. [wideshut.co.uk]
Money was once valued by the worth of goods, but today it is our goods that are valued by their worth in money.
Every dollar is loaned into existence hence debt came into being.
Money is not a real object, its value is abstract, and controlling large sums of it is imaginary wealth.
Five Things About Money
Money is a fiction. Money is a useful fiction, it's even a productive fiction, but it isn't real. All it is is a commonly held consensus that a digital record stored in the computers of some financial institution, or the equity of a certain property registered in our name, represents a value of X in goods and services. We build further fictions upon this fiction (like the fiction of an anticipated return from an investment) and more fictions upon those fictions (like the fiction of the leverage value of the anticipated return of an investment). Some financial "wizards" have "succeeded" in perpetuating the fiction of money to the 5th or 6th or 7th degree. But no matter how many times you layer over the fiction, it's still a fiction. And when that consensus unravels, when the collective confidence in the fiction of money begins to slip, then we're left with.... nothing.
Money is not a measure of worth. A man wakes up in the morning, logs in to his accounts, checks a few numbers, makes a few calculations, and reaches the conclusion that as of 7:42 am of this particular day on the calendar he is "worth" fifty million dollars. Or $1,308,772.45. Or twenty-five cents. Whatever. And then a certain market halfway across the globe hiccups in a certain way, and now he's "worth" double that?
Really? Is he now a better person? Is he now happier? More loving to his family, kinder to strangers, more fulfilled in his heart? And if, God forbid, the market gives another hiccup and the digits in his portfolio are suddenly half or a quarter of what they were yesterday, now he's "worth" that much less?
Money is a means, not an end. For years we lived for money. We worked to earn it, and when that wasn't enough we worked overtime or took a second job, and expended anxious hours and sleepless nights to manage it and "grow" it. We sacrificed everything – family, community, peace of mind – for our money. And where is all that money now? Turns out that we never had it in the first place – it had us. We learned the hard way (but is there any other way to learn?) that money is a tool for life—not the other way around.
What we give is more ours than what we gain. The money we make never truly belongs to us. It either disappears into thin air at some point, or it saps our strength and steals our lives. But every hour spent with our children, every dollar we give to charity, every positive endeavor we support—these can never be taken from us. They are ours forever.
The true meaning of financial security. For thousands of years, people got up in the morning, worked the land or toiled at their craft, collected a day's earnings or a season's harvest, and lived their lives. Their sense of security derived not from their bank accounts and stock portfolios, but from the confidence that the same God who created them and placed them upon this earth also provides their means of sustenance. No, there are no free lunches falling down from the heavens – after all, God created us to be His partners in the business of life, not free-loading guests – but if we do our part, God will do His.
Life has become more complicated since those simple days, more sophisticated, and yes, more rewarding. Today, "doing our part" means not just getting a job, but also acquiring mortgages, insurance plans, retirement accounts and a slew of other "financial instruments." But the basic equation remains the same: we do our part to better God's world, and God does His part in providing us the means to do so. It is to this partnership with our Creator that we have learned to look as our source of happiness, fulfillment and security. [Yanki Tauber]
Money is needed in this day and age to provide even for the simple things.
Everything we have in this physical world is temporary. There are no pockets in shrouds.
Money is not to be worshipped as an idol on which your happiness, value, or even your sustenance can be depended upon. Never forget where the financial resources came from in the first place. Our truest wealth is our priceless heritage. We should all remember that it is God that provideds that money-or next meal-or a warm place to stay. Money is only a tool, and only one of many, that God can use to provide for our needs!