Is Your Money Worth Less?

The foundation of the following article was written by Mike Brown, owner of changeyourlifecoaching.com I am only posting parts of the article I feel relevant with a few of my own comments.

Here is the truth about money. It is an undeniable truth once you see it. The reason that money has any value at all is because we (the people) all agree that it has value. Money gets its value from us (the people). This is very important for us to understand because many of us (99.95%) are engaging the world with the misconception that money gives us our value, when it is actually the other way around. We (the 99.95%) give money its value through our mutual agreement of its value.

A $100.00 bill gets its value from all people (us) through the mutual agreement that it is worth $100. The value of the $100 bill is not inherent in the bill it self, rather it is ascribed or given to the bill through our mutual agreement that it is worth $100. If, for example, all people today agreed mutually that a $100 bill was not worth $100 dollars, then it would become worthless. Either way its put, the $100 bill does not have value in and of itself.

The $100 bill is an inanimate object that we mutually place value in. It could just as easily be a rock or a stone, which it was at one time I'm sure. I will take it one step further. This will make it perfectly clear.

Imagine that you have 1 billion dollars in cash sitting right in front of you right now and its all yours. Stacks of $1,000 bills all for you just sitting in your house and piled to the ceiling. Makes you feel pretty good when you think about it doesn't it? However, also imagine this.

You and your friends and your loved ones, are the only people on the planet earth. What would that money be worth to you now? Absolutely nothing. Why? Because there would be no other people to exchange it with whom would mutually agree on its value. It would be a pile of useless paper.

You could use it to burn to keep you warm since you would not have the service of heat that is provided by other people.

So, the truth about money is this. People and their agreement upon what its worth gives money its true value. If you pull a $1.00 bill out of your pocket right now and examine it, you will see that it has the words "This note is legal tender for all debts, public, and private" written on it.

This is the agreement that we all honor upon the exchange of any bill.
To remind yourself of this when you exchange money, simply say to the other person or to yourself quietly in your mind, "thank you for honoring our agreement that this piece of paper is worth $1.00." It is not money that makes the world go around.

Money is simply an inanimate object, that symbolizes the mutual agreement that we all share about its made up value. Money does not give people value; it is people that give money its value. The world will continue to go around without the existence of money.

The undeniable truth about money is that the constitution of the United States and the Bible only ever considered two things “Money”. Gold & Silver Coins.

When you look at today’s society and the belief in paper and electronic wealth you can quickly see that NONE of it is real wealth because it does not require any one ever taking possession of real money!

Without REAL MONEY you cannot have REAL wealth!