SO THEY PAID THESE SMARTER POOR PEOPLE MORE THINGS TO INVENT THESE quicker ways of getting messages, ideas and information back and forth, called "communications," like the telegraph, telephone, radio, television, etc.
THE RICH ALSO HAD TO HAVE QUICKER WAYS OF EXCHANGING THE EXTRA THINGS they didn't need for other things other rich had that they wanted to trade them for, as it was pretty hard to keep carrying them back and forth to each other even on these big new machines they made.
SO THE RICH INVENTED A NEW WAY OF TRADING these goods back and forth without even moving a lot of them so they could just keep them in their bigger and bigger barns and storage places called warehouses without even moving them around too much except when absolutely necessary.
THIS NEW WAY OF EXCHANGING GOODS WITHOUT ACTUALLY MOVING THEM VERY OFTEN WAS CALLED "MONEY." At first this money was something really valuable, like gold and silver and diamonds and jewels and pretty things like that that the rich always like to decorate themselves and their houses with and which they valued very much to show that they were very rich. But the rich also wanted other things like finer food and clothing and grander houses and fancier machines and bigger lands.
SO THEY WOULD AGREE AMONGST THEMSELVES TO TRADE SOME OF THESE VALUABLES LIKE GOLD AND SILVER AND JEWELS THAT THEY LIKED SO MUCH FOR THESE OTHER THINGS they needed and wanted, like houses and lands where they grew things and factories where they made things and the machines to make them and travel in and talk back and forth with. The rich man who paid this kind of valuable money for the valuable things he wanted was called the "buyer" and the man who traded him the things for the money was called the "seller."
THIS BECAME KNOWN AS BUYING AND SELLING FOR MONEY, A WHOLE NEW WAY OF TRADING things back and forth. It worked pretty good for a while, but pretty soon the rich became so rich and paid such big "prices" (the amount of money you pay for a thing you want) for such big things they wanted that it was even hard to carry the gold and silver and jewels back and forth as they became so heavy and hard to hide from robbers and other rich who might rob them while carrying them!
SO THEY HAD TO INVENT A WHOLE NEW KIND OF MONEY THAT WOULDN'T BE SO HARD TO HIDE AND CARRY AND TRADE, CALLED "PAPER MONEY" OR "CURRENCY." Each rich country run by its rich people would hide their gold and silver and jewels in strong thick-walled buildings called "treasuries," "vaults," "banks," etc. Then they'd print these little pieces of paper in a special way, each little piece showing that the rich of that country had that much gold or silver, etc., in the treasury or the bank, as much as was written on the piece of paper. Then they could take it to the bank or the treasury and trade the piece of paper for the real thing, the gold or the silver.
THEY COULD JUST TRADE THESE LITTLE PIECES OF PAPER FOR THE THINGS they needed or wanted so they wouldn't have to move the actual valuable gold and silver money around so much. The little pieces of paper money were supposed to show that they had that much real gold and silver money in the bank that they could trade it in for if they wanted to.
THIS MONEY ("MONKEY"?) BUSINESS WAS ALL CALLED THE "MONETARY SYSTEM," or a very easy way of trading things quickly without actually having to move anything but these little bits of paper money. But pretty soon the rich got so rich even with paper money that it would have taken a lot of trucks to carry it around while trading it from one rich man to another.
THEY GOT SO RICH THAT EVEN THE PAPER MONEY GOT TOO HEAVY TO CARRY! SO THE RICH INVENTED ANOTHER WHOLE NEW WAY OF TRADING CALLED "CHEQUES," a way of not only trading goods or gold but even trading paper money, so they wouldn't even have to move the paper money so much back and forth from bank to bank! They could leave the paper money in the bank and write these little notes to the bank called cheques telling the bank to pay so-and-so so much money out of their money at the bank called a "bank account."
THEN THEY COULD JUST WRITE CHEQUES FOR THEIR MONEY in their bank accounts to pay for the things they wanted to buy. This made the big business of big buying and selling of big things by the big rich much easier and faster in a new kind of market called the "stock market" where they could trade things back and forth without ever even seeing them or the money either!
THEY COULD EVEN TRADE WHOLE FACTORIES AND BUSINESSES and gold and silver and sugar and cotton and wheat and all kinds of things at the stock market with these little pieces of paper called "cheques." And the things or parts of things they wanted to trade were shown by papers called "stocks."
THE STOCK MARKETS EVEN TRADE PAPER MONEY THAT'S NOT EVEN PAID OR THERE YET, CALLED "BONDS." These are "loans" or amounts of money which people, businesses or governments have promised to pay later when they have it, because they don't have it right now but hope to have it later by selling goods or doing business or taxing the people some more so they can pay it later on.
THESE PROMISES TO PAY LATER ARE CALLED "BONDS" because that word is supposed to mean they're bound to pay it sooner or later because these bonds are also pieces of paper which say they promise to pay it back sometime together with even a little bit more called "interest" on these loans.
THE STOCKS ARE ALSO PIECES OF PAPER CALLED "SHARES," which means that if you own one of them, one of these little pieces of paper called a "share," you own a share in some kind of business, factory, gold mine or stocks of goods like gold, silver and other precious and useful metals, or foods like sugar and cocoa and coffee, or textiles like cotton or wool, etc.
THESE ACTUAL REAL GOODS OR THINGS ARE CALLED "COMMODITIES" and they are also bought and sold on the stock market for various amounts of money called "stock prices," paper money which is actually exchanged by these little pieces of paper called cheques. But the rich are always in such a hurry to get richer quicker, even these ways of trading money and things called goods, etc., have become too slow.
EVEN THE CHEQUES ARE SO MANY NOW THEY'RE BECOMING TOO HEAVY FOR THE BANKS TO HANDLE SO FAST because things are being bought and sold at such a rate and money exchanged so fast the banks are having a hard time keeping up with it all! ( Continued in Part 3)
My name is James Arendt. I was raised in the Hegewisch neighborhood of Chicago, Illinois, served in the USAF from 1970 to 1974, and became a full-time missionary for Christ living 40 years in Japan, 3.5 years in Russia, and a few months in other countries such as Finland, Poland, Estonia, Latvia, South Korea, Taiwan and mainland China where I also served the King of Kings, Jesus, as an Ambassador for His Kingdom. My full bio.
If you like this article and my work on this website, you can show your appreciation by sending me a gift. Both my wife Tess and I are now unemployed and now live in the Philippines.
On July 31, our pastor drove us 70 kilometers south from our home in the city of Allen to Caybayog City (Samar, Philippines) where there's an immigration office. There I successfully applied for and received a 6-month visa extension! But the cost was higher than expected, 12,450 Philippine pesos, roughly $235 USD. Thankfully, I received one gift so far that covered half of that. If any of the visitors to this website who are not regular contributors to my work would like to help us cover the other half, it would be greatly appreciated. I will immediately send you an email to thank you.
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• Recognize you have violated in some way the laws of God. Violation of legal law is called a crime. Violation of God’s moral law is called a sin. For all have sinned, and come short of the glory of God; - Romans 3:23
As it is written (in the Bible), There is none righteous, no, not one: - Romans 3:10
• Recognize the penalty of sin: Death! For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord. - Romans 6:23
Wherefore, as by one man sin entered into the world, and death by sin; and so death passed upon all men, for that all have sinned: - Romans 5:12
• Recognize Jesus is the Saviour! Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me. - John 14:6
Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved. - Acts 4:12
And they said, Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house. - Acts 16:31
• Recognize our lives our sinful by nature. We can do nothing of our own to merit eternal life. Salvation is completely by the grace of the Lord Jesus Christ! For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: - Ephesians 2:8
But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away. - Isaiah 64:6
Not by works of righteousness which we have done, but according to his mercy he saved us, by the washing of regeneration, and renewing of the Holy Ghost; - Titus 3:5
• Recognize Christ paid the sin debt we owe! But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. - Romans 5:8-9
• Recognize you must receive Christ as your personal Saviour! For whosoever shall call upon the name of the Lord shall be saved. - Romans 10:13
• Ask Jesus to be your Saviour!Dear Jesus:
I know I am a sinner. I know if I were to die right now, I could not go to Heaven. I ask you, right now, to come into my heart, forgive me of my sin, and be my Saviour. Thank you for saving me and giving me eternal life. In Jesus’ Name, Amen.
If you prayed that prayer with all sincerity, you have passed from death to life and have been born again into the family of God!
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