Funny Money
“You never give me your money
You only give me your funny paper
And in the middle of negotiations
You break down”
- The Beatles: You never give me your money
The lyrics above refer to one of The Beatles' more tender songs; a song apparently written for Brian Epstein after the death of the band’s manager.
Of course all lyrics are open to interpretation and they have a resonance in modern day trading, particularly the first two lines.
What is the value of money today? Is it just funny paper?
The banks need your money to stave off collapse, they then use your money to make billions of their own, but there is no real money involved.
In fact, it is just funny paper. As David Burton points out in his article this issue, “Money is created out of nothing.” And he goes onto say, “According to the New York Times, the US government is ‘shredding and burying’ billions of dollars in landfills… enough to fill 1750 dump trucks each year.
"This shredding program has been going on for years, to rid the system of worn out dollar bills."
"But the weird thing is, they’re now destroying currency faster than it’s being replaced.”
So again, I ask what is the value of money?
There is a lot being written about trading in currency at the moment and it is actually a solid investment.
To answer the question above, several of our expert contributors have lent their weight to the argument and give analysis to the currency markets in Australia, the
US and the UK.
It's a fascinating topic and one that I’m sure you’ll have a lot of interest in.
Funny paper or not, currency knowledge is crucial to avoid feeling like you’re going to break down in the middle of your investigation.
Good trading,
Jonathan Jackson
