E10 – mymomshouldhavenamedmegrace

Money plays a big role in our lives; we can’t do much or get very far if we don’t have it. Money is valuable in different ways, even when not tangibly present. In today’s society, much faith is put in the government and the banking system, hoping that money is being handled with care. Those wary about the system go as far as hiding money under mattresses and around the house. A common belief is that money is simple, as many do not know what goes on in the banking system and the proper care of money. Most cultures are extremely cautious with the transference of money, but by being introduced to the ways of the Yap people, I have become familiar with another way of banking. The Yap use a currency called Fei, or giant rocks, which to them is normal in terms of money, but there is one catch; no one actually sees their money being transferred. There is no cash, there are no checks, and there is no hassle. When it comes to their banking system, the Yap are a trusting group of people who transfer their money by hand and without caution.

Money seems to have a big role in our society; you can’t do much or get far if you don’t have any. Money is valuable in different ways, even when you don’t see it physically. In today’s society you must have faith in the government, in the banking system, that your money is being handled with in the proper manner, if not then you would be hiding all of your money under your mattress, or around your house. I never really have a clue what happens in the banks, and how they take care of your money. I always just thought money was quite simple; you either have some or you don’t, that’s it. However, by being introduced to this assignment and having it compare the Yap Fei with the US and France gold trade in 1933, and the Brazilian cruzeros all seemed somewhat similar. No one actually sees their money being transferred. When you get paid, you don’t get a check or get paid even in cash, it’s all directly transferred to your bank account, and that you just have to trust that you got more money.

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