The Money Factor

How do you know you are poor? There is a true story of a friend, whose family were poor and struggling. His retired and elderly father received an unexpected message from a company he once jointly invested and built with his friends as a youth about three decades earlier. Only to be advised of his worth in the company to the tune of eight to nine digits value. Sadly, he is too weak to eat quality food from the reward of his years of sacrifices and labor.


Many at times, most of us stay too long enough in the state of poverty that it becomes a second nature. Everybody is susceptible to change, be it for better or worse. For those who question their state of affairs, there is also a common erroneous mindset measuring the absence or shortage of money as indicator of poverty.


We scamper about and perambulate in search of money, under the many excuses including for our daily bread. We are all guilty of this survivalist instinct in one form or the other. In fact, some are willing to do anything to have that money.


How much is much? How much does a man need to meet his needs? Why would many pursue money to any length just to have wealth that they do not need. Why take, steal, defraud, usurp, and or receive money that one would not live long to enjoy, to one's hurt and detriment.


Nevertheless, if 'money' is truly the measure of one's state of 'sufficiency' or 'penury'; then, it is reasonable to have a clearer understanding of the true value of 'money'.


'Money: 1. Anything that serves as a common medium of exchange in trade, as coin or notes. 2. Legal tender for debts. 3. Purchasing power; credit; bank deposits, etc; a denomination of value or unit of account. 4. Wealth; property. 5. Cash payments or receipts. 6. A system of coinage.'

- The New International Webster's Comprehensive Dictionary

of the English Language (Encyclopedic Edition)


'Money' is otherwise defined as the authorized medium of exchange. If we are made to understand that our ancient fathers conducted trade, but not necessarily with money but by 'barter'; curiosity demands that we know how, on whose authorization and at what point the concept of money came about.


Let us say, the essence of money is necessary and was brought about by the daily economic activities of our fathers; who determined what amount of money each man or woman that were in existence at that point in generational time, received? By what yardstick were each person's value measured?


If a pro-rata and equitable value was applied as at this remarkable period of the human race, how come about 95% of the world's present population are paupers? Were our fathers that dumb and lazy, that they exhausted their share of cash resources in exchange for nothing, while the present day rich few had fathers who were hardworking and so gifted in economic acumen?


What brought about the need for money in the first place? If the need and invention of money was by a particular country named 'China', how did such an invention become an unavoidable necessity and commodity, with various forms for and by all known nations and kingdoms of the present world? What makes 'China' so special, that such creation now has a foothold in every global economic system?


If we are able to critically access the above questions, and have a clear view shall we be able to answer the reason for you being poor. Please see 'The Invention of Paper Money' at


I encourage you to participate in this simple analogy. If I present before you two plane sheets of paper of same shape and size, you are most likely going to say that they are of the same value. What if I choose to write or draw the graphic of the currency of any nation of your choice, on one of the plain sheet of paper? I also believe that you are most likely going to pick the plain sheet because while one is used up and has no future value, the plain sheet is available for your future use.


However, what if I now present the same plain sheet of paper but along with the paper currency of any nation of your choice, of same size and shape? A survey conducted indicates that everyone will pick the paper currency. What if the plain sheet of paper is increased in size? The natural human response remains the same. What if the value of the paper currency is reduced? The preference of all the respondents to this survey remained unchanged. What if the sheet of paper is increased to rolls of plain sheet of paper against a paper currency of any preferred nation? The effect of this change in option, did not change the choice of the answerers.


Why would the interviewees prefer a plain sheet of paper to a sheet of paper of the same size but with the graphic drawing of a currency of a nation; but yet reject the same plain sheet of paper for the paper currency of the same nation? It is safe to conclude that it is an issue of the mind.


When a people have developed a wrong orientation, and their minds are formed in a certain perception; whatever falsehood, is held as true. While scientists suggest that an average mind prefers to be deceived, it can be better put that only a willing mind is deceived.


Is it not ironical that the very same paper currencies, which is produced from rolls of plain sheets of paper, is turned around to purchase huge logs of trees from our forests? How come a few pieces of paper currencies of no real inherent value, become a subject of value, worthy enough to acquire not only huge rolls of plain sheets of paper, but huge logs of trees from our forests?


Is this not similar to our crude oil taken away as nothing of worth or for little value, but returned and sold to us in varied forms of by-products at steep and unaffordable prices? Since the by-products are what we need, we become indebted. When your debts increases to the point that your income or present worth becomes less, you are already below the poverty line.


To further reflect on how complicated the mindset of the average mind of man is, regarding money; the following illustration is the flip side of the above analogy:


Imagine you are offered with the option of a coin and any crude stone, you are most likely going to pick the coin because it is a processed stone. If presented with a copper coin and a gold coin, you are also most likely going to pick the gold coin. However, if presented with a crude gold stone, of the same size with all of the above options, the mindset of man will tend towards the crude gold stone, because of the future value and alternative uses it holds.


Owing to the official endorsements by respective governments, some throw up the excuse that their need, love and pursuit for money is because they cannot do anything without it. Notwithstanding the numerous economic jargons that are thrown at the people by the various governments, is it not curious how the values of the respective currencies of each nation range from one to another?


Who determines such scenarios? They pass the buck, by blaming the 'market'. Who is the 'market'? Are they ghosts? If the currency of any nation is supposed to be 'common', is the value of such currency not supposed to be determined by the common users, the people, and not the few who are self-styled as the 'market'? 


This opens up another phase of the real reason for your poverty. In fact, a reference to the Bible reveals that the first mention of money, was during the time of Abraham, and is hinged to 'slavery'. In other words, the real essence of money is central to slavery (Genesis 17:12-13,23,27).


Is it not curious how the picture of money changed, when the same Abraham is recorded to buying a field? Whereas while buying a property which is seen as something of value, he is described to have paid money in the form of 'pieces of silver' (Genesis 23:7-20).


'In the legal sense, property is not money, and money is not property. For property is that which has inherent value, while money, as such, has but representative value, and may or may not have intrinsic value'.

- The New International Webster's Comprehensive Dictionary

of the English Language (Encyclopedic Edition)


How does a matter with no intrinsic value, be acceptable as the medium of exchange for goods and services that are of immense value? How does the value of money continue to decrease while the effect or consequence of money at a point in time of its original value (i.e. property) continue to ascend in value?


For the simple reason that there is nothing called money. It is a phantom, a charade, a mirage and a fraud. Sadly, the matter called money has been institutionalized in our various national economic system, and our daily lives, that any attempt to withdraw from its use will be resisted by the very same victims of this fraudulent creation of man.


The fact remains that this form of generational economic endeavors are not sustainable. Imagine how much of our trees have been cut down and consumed, and our forestry degenerate into deserts, for the purpose of producing paper currencies. Yet our consecutive generations have been short of books for the true and quality education of the very same people, who are the victims of our endless economic acrobatics. 


Imagine how much of the earth's crude materials have been consumed for the production of coins and other monetary species by successive generations. Yet we all cry over the consequences of our economic misadventures, which has impacted the only home we presently all have, the 'earth'.


To further advance the interests of the few, who control the affairs of the people, the beautiful idea of 'virtual money' is suggested in our present day generation. Please quote 'beautiful idea', because we shall at least reverse the disastrous impact that we have all subjected the earth to, for which we shall all pay a common price for.


Except you are in the information technology industry, virtual money changes nothing as far the standard of living of an average man is concerned. Needless to say, with virtual money, our monies are no more conventional monies, but they now come in numbers and algorithms. Your monies are now in cards, chips, sims, computers, etc. It makes you feel cool that you have credit cards and or 'ATMs'. Even, those who do not have a single coin in the bank account also boast of a banking card.


While there are ominous dangers inherent in this form of economic system, it can be corrected and or prevented where the authorities that are entrusted to manage our financial systems are not choked by the cabal advancing the interests of the few. In any case, this is the best way to go for the need of the moment.


Why virtual money? It is simply because there is no money. There is nothing called money. It is a figment of your imagination, which we all have come to think is real. If there is anything called money, you are the money. It is the people that determines what is money, what is not, and its respective acceptable value.


History tells of a time that our ancestors preferred the 'cowrie' as a medium of exchange. One wonders what fate befell our cowries. It has not only become scarce, it is safe to say it may have become extinct. Curiously, how come the 'cowries' is not listed as a type of official money?


Until a people of any territory realizes how powerful they are, poverty shall continue to reside within their midst. The great nations of today, that are constituted by a prosperous population, are not as a result of their governments. In fact, politicians are suggested to be the same across all borders. It is the will of a people of any jurisdiction that make their countries. 


It is the people that determines what is acceptable as money and what is not. If the majority of the people prefer salt as money, salt it is. As recently as a few years back, the coin was reintroduced to the Nigerian economy by the government, but it is an open secret that the venture was a colossal failure because the people said so.


Blame everybody for your woes as much as you wish. We prefer to shy away from the responsibilities of our choices, and if there is no one to blame, we blame the devil. The power is not of any government but the people of any kingdom or nation. It is the people who determines who is rich, and who becomes poor the more, not the government.


However, the people may voluntarily relinquish such power, as they see it fit, to their respective governments and or individuals. If the people chooses to turn their backs on a product of a conglomerate, this spells doom for such organization and by extension its subject economic influence and industry. Just as, if the people prefers to boycott the currency of its government, I am sure you get the rhythm.

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