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ECONOMICS AND ESOTERICA FOR A NEW PARADIGM

Posts Tagged ‘Southeast Asia

The Economics of the World Apartments

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by Gregory Wyche
Originally posted Oct 26 2010
perfectpitch-media.com

Why pretending to have money is a bad idea…

IMAGINE AN APARTMENT BUILDING REPRESENTING THE WORLD, and imagine different countries residing in the building, each within their own apartment. Each of the tenants in the building own and produce various things. Imagine then, a long time ago the tenants began trading with each other to obtain things they didn’t have. A few of the tenants were lucky enough to have gold mines. It turned out gold was something everyone in the building liked. As time went by each apartment ended up owning some gold as they traded goods with the tenants that had mines. Gold was rare, ever- lasting and considered beautiful. It was worn by both men and women and used to symbolize intimate relationships.

An agreement was made that rather than having to exchange one good for another (which was cumbersome and inefficient) the building would use gold for medium of trade. This caused gold to become currency. Some apartments had used salt as currency as it was once very rare. Later salt was discovered almost everywhere which caused it to lose its rarity (and so devalued) and it was no longer suitable as currency.

Thousands of years went by and some of the tenants decided to use paper notes that would represent the gold they owned. Soon each tenant used their home printers to make notes and paper money was born. This made trade easier since gold was heavy and hard to carry from one floor to next; after all, the building had not yet installed elevators. The ability to exchange paper money for gold created trust between neighbors and trade increased. After a while the tenants of the world apartments enjoyed a wide variety of goods they purchased from each other with notes back by gold.

From time to time tenants disagreed with each other. If the disagreements were serious games (war) were played to resolve them. The winning apartment received a prize from the looser. Games were expensive to play so many tenants began to avoid them. In the 1960’s two tenants (USSR and USA) played a very expensive game in Southeast Asia’s apartment. The game dragged on and in 1971 some tenants worried about the value of the US money.

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