01.07.2013 Views

THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

The Arab scholar Ibn Khaldun claimed that 'God created the two<br />

precious metals, gold and silver, to serve as a measure of all<br />

commodities.. .' Without further need for intervention by any<br />

religious institution, gold and silver remained symbolically<br />

associated respectively with the sun and moon. For centuries, their<br />

prices stabilized mysteriously in a fixed ratio of 1/13.5, astrologically<br />

determined to reflect the heavenly cycles. These two metals remained<br />

divinely ordained currencies after the astrological justification was<br />

long forgotten. There are many people who, to this day, claim that<br />

'real' money would be a return to the gold standard. Some even keep<br />

invoking its biblical origins."<br />

There is some irony in the fact that the almighty dollar is no<br />

exception to this mystical phenomenon. Issued by a country with a<br />

scrupulous separation between Church and State since its founding,<br />

where school prayers can still stir a heated debate, the most ordinary<br />

one-dollar bill has as motto, 'In God we Trust'. That same bill is<br />

illustrated with both sides of the Great Seal of the United States. That<br />

seal has been described by Joseph Campbell as extraordinarily laden<br />

with esoteric symbols (see sidebar).<br />

It can be fascinating to discover the next supporting mystique.<br />

Liberia, for instance, issued its legal tender coinage with the portraits<br />

of Captain James T. Kirk and Captain Jean-Luc Picard of the starship<br />

Enterprise, paying royalties to Viacom, owner of the Star Trek<br />

trademarks, in the process." Until recently, it was the fashion to<br />

design banks to look like temples, complete with reverence lingering<br />

inside them. Even the first Internet bank, the First Security National<br />

Bank, with only an Internet address and no physical customer<br />

branch, felt the need to bow to custom by using a Greek Revival bank<br />

building as its first Web page symbol.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!