A Dollar Has No Value

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Online pic: Cents were paper, then coins, then garbage.

What is money? What is its value?

It depends on whether it is the British pound or pula, the Botswana currency. Botswana is the second biggest producer of diamonds after the Soviet Union, but the pula has a lower value.

Money has no value. Interest does. The air we breathe and water had no ‘monetary’ value before the British invasion. Humans and animals shared these resources. From time to time, snakes bite us on the leg and run away, but there was peaceful coexistence between humans and animals, until pieces of silver.

We pay with debit and credit cards now, but the origin of money is a piece of paper where A gave B something and B promised to pay. If B failed to pay, A grabbed his land, houses, plantations in the Caribbean or slaves.

That promise to pay had a time factor. If B failed to pay, the promise increased in value. Time passed and the promise to pay became bank notes, pounds with the Queen’s head. Pennies were the bridesmaid, which brings us to Canadian cents.

Canada decided to stop making cents in 2012. Cents were ‘money’ they had a value. Not anymore, which goes to show that money is a lie. As time goes on, a dollar banknote will be burnt because it will have no value.

By: Nonqaba waka Msimang.

 

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