E10-ndb1996

Money seems to have a big role in our society; we can’t progress forward as a nation in a nation full of debt. Money is valuable in different ways, even when we don’t see it physically. In today’s society it is key to have faith in the government and in the banking system. We need to have faith that our money is being handled the right way. If there is no faith then there is no reason to put our money in the government’s hands. We are better off just keeping our hard earned cash stored away in a mattress or hidden in our house. I never really have a clue what happens in the banks, and how they take care of the nation’s money. I always just thought money was quite simple; we either have some or we 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 people in our society get paid, it is not a payment through a check or even in cash, it’s all directly transferred to a bank account, and an account that forces the people to trust that you got more money.

This entry was posted in E10: Enough About You, ndb1996. Bookmark the permalink.

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