A small excerpt of the Introduction of the book “Where did all the money go?”
For just a moment, consider the board game called Monopoly. If it isn’t the most popular board game in the world it’s not far away and because of that, virtually everyone knows what the game is or has played it. Now, try and remember any of the times that you played Monopoly; if you have never played Monopoly, and then try to visualize this. Do you remember when the game became, a game? Well after everyone has been around the board at least 3 times and two of you have a matched set of properties. That’s when the game got intense. That’s also when it started to get a little boring: everyone had some money and some properties and a get out of jail free card. It went from being intense to being “live and let live” and then… remember how all of a sudden you started making up new rules? One of you would grant “immunity”, partnerships were formed, joint ventures founded, promises were made and broken and when that wasn’t enough, someone would take half of the orange-is $500 bills and say: “Okay, these are now $5000.00 bills.” Then it might be $10,000.00 bills. Sometimes, you might just take the play money from someone else’s Monopoly and mix it with yours and if all else failed, you could cut little squares of paper and make more money.
Do you remember?
When we “grew up”, we pretty much did the same thing, but with “real” money and properties. Whatever there was simply wasn’t enough, and suddenly it’s now and the very rules that keep our fragile civilization together have fractured and crumbled into dust, before our very eyes. The straightforward and simple answer to the question asked by the title is that “money” didn’t go anywhere. There simply isn’t any money, period. We spent all the money that there was, is and will be for the next 500 years. There hasn’t been any actual “money” by definition for over 35 years now. We may call what we use as currency these days “money”, but it’s most definitely not money, it’s an aberration created by us which attempts to change and manipulate the rules of value and the laws of physics and which results in a self-defeating calculation with a systemic defect – kind of like what would happen if we“made” a bunch of additional $500 monopoly bills out of paper and crayons: and inserted them into circulation, immdiately folowed by believing any of it was real.