E10 – gemfhi

Money seems to have a big role in our society; you can’t do much or get far if you don’t have any. Money is valuable in different ways, even when you don’t see it physically. In today’s society you must have faith in the government, in the banking system, that your money is being handled with in the proper manner, if not then you would be hiding all of your money under your mattress, or around your house. I never really have a clue what happens in the banks, and how they take care of your money. I always just thought money was quite simple; you either have some or you don’t, that’s it. However, by being introduced to this assignment and having it compare the Yap Fei with the US and France gold trade in 1933, and the Brazilian cruzeros all seemed somewhat similar. No one actually sees their money being transferred. When you get paid, you don’t get a check or get paid even in cash, it’s all directly transferred to your bank account, and that you just have to trust that you got more money.

Money seems to play a major role in western society; without it one cannot get very far. Money carries a value that reaches beyond the physical representation of it. It is actually considered irresponsible to horde it all. One needs to have faith in their government and banking systems to handle their money properly. Otherwise, it would be subject to treatment such as being stored under a mattress. However, it is blind faith, people get paid through direct deposit and just assume everything will work out, and many have no clue what the banks actually do with their money beyond this.

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