Modern Money

Modern Money

 

No longer wads of notes, folded in wallets
Or stuffed into purses
No longer neatly written figures
Recorded in dusty ledgers
Coinage almost irrelevant
Unless in a slot machine at the funfair

Modern money is all digitized
Binary ones and zeros captured
In magnetic storage devices
More likely throbs pulsing through
Minute chips inside a high speed processor
All data coded or encased in plastic

So who keeps this money? How do we move it?
Financial institutions hold the monopoly
As curators of our money
All of this mere blips in their mega records
Except for the store of gold
Still there for the unbelievers in electronics

No longer a need for a mask and crowbar
To rob the bank.
Modern criminals get their hands on the loot
By clever frauds and cunning scams
No broken glass, no blasting of the safe
Just silent larceny, our nest egg evaporating

Thus money flows around the globe
Lenders and borrowers caught up in the dance
As they whirl ever faster by quantative easing
Until balance loses all control
Then the crash, denials, and recrimination
Governments – save us from our folly!

PS – Crypto Currency perhaps best avoided

Ken Fisher

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