Friday, October 23, 2009

What money?

What can we learn from Pete and Repeat? Pete has been a law abiding American citizen. (The Dude abides.) And he has still found himself short on a dime in the new world economy. The old recession and depression cyclicality of economies has turned Pete into the same old Repeat. It's left poor Pete wondering where's the money? Show me the MONEY!

So, here's a lesson, Pete, about the new way to compete. Ask yourself "What money?".

This is a global economy, baby, you gotta dance around 24 time zones if you want to survive. Your money is not the same as the Aussie Dollar, or the Japanese Yen, or the British Pound. Your money is far different. Your money is an exact reflection of your local economy, right down to the door knocker on your domicile. If you could get the Treasury Department to put a new phrase on the greenback you better tell them you want it to say "This bill is legal tender for all debts within five miles of (insert your home address here)".

The only place your money is good is at your vicinity. If you want the reasons for this, ask the truck driver that brings the groceries to your local supermarket, ask your landlord, ask the neighbor's landlord, and ask the property tax man. All these dudes will tell you that the value of your money is a function of your proximity to these other dudes. They will all say that your money is measured in a widending arc from your front door knocker. For instance, ask the guy who lives in a penthouse on Park Ave in New York what his landlord thinks his rent should be and why? Then ask the Iowa farmer in the middle of a DesMoines sunflower field. The reason the address assigns the value to the legal tender is because you gotta pay to play, and some games cost more than others. It leaves poor Pete without a leg to stand on when he gets his paycheck, because somebody who's legal tender has more worth than his legal tender doesn't care that his buck is worth less... (worthless at this point).

How then, can Pete get more for his bucks? He's either gotta move from a higher area to a lower, and then move again, and then move again. Or he's gotta get his country, and the rest of the world to realize that this is how economies work, and do something to schedule and regulate the value and strength of his legal tender from one locale to other locales. It's creating an ratio in the currency, so a buck is really a buck, is really a similar piece of legal tender anywhere in that country.

Pete likes this because he likes where he lives. It also means he can curtail the practice of slave labor, which is what buying labor in a cheaper area is tantamount to, when a New York size dollar bill pays a person to make a pair of tennis shoes in Indonesia, or a telephone company hires people in India to spend an hour on the phone in America.

What money? Pete's money. Earned here, spent there? No sir. No thank you, sir. Pete says "Legal tender by trade schedule" should be printed on his money. Let's make it happen, Cap'n.

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