Saturday, January 23, 2010

The History of Debt

I was talking to a friend the other day who was concerned about our country’s debt and that we seem to be borrowing loads of money from the Chinese. I said, “Doesn’t worry me in the least, friend. You see, I understand the history of debt, borrowing and such.”

Now, for what it’s worth (probably not much), here’s my opinion on the debt “crisis.” Debt was probably introduced around 2000 B.C. (before credit) in the garden when a rib was borrowed from Adam and given to the creator of all debt — the woman.

This is not to say that the woman was at fault but she simply began, refined and took debt to a level probably not envisioned by Solomon himself. This process took eons and began with the invention of the shoe and crude jewelry.

Shoes and jewelry, quality be dashed, rendered the woman helpless around the time merchants were invented. Since this was before the time of plastic, which has greatly enhanced the woman’s ability to increase debt exponentially (a word I have never understood but know it’s a lot of something), debt didn’t grow much initially.

It took the invention of the purse to fertilize the womans’ ability to increase debt as she found a place to store and hide what she bought.

Mankind has always borrowed, shared wealth and shown an amazing ability toward greed, but recent developments have taken this to the next level.

I’m reminded of the archaic practice of cave dwellers seen dragging women around by their hair. There seems to be an opinion out there that says, “what’s mine is mine and what’s your’s might be mine too if I can figure out a way to make it happen.”

Was this borrowing, sharing or just plain ol’ greed? The invention of the plastic card, which occurred around the time divorce and palimony were invented, jump started the debt we know and love today.

The card had a two-fold effect on people, decreasing their I.Q. while destroying their ability to remember what it was they charged. So at this point in time we really have no idea how much money we owe, nor do we care.

The inventors of the plastic card realized early on that if they sent it via mail we would use it. Now we see millions of Neanderthals spending money they do not have.

Am I saying here that our plastic card dilemma is only the womans’ fault? Of course not.

Men are occasionally seen making purchases, but more often than not, they are buying for women. Most men find using the plastic card boring. It’s the exchange of cash, real money that gets men excited. We see these exchanges taking place almost every day on the street in downtown Macon, as men barter their way to a healthier lifestyle. No I’m not worried about the debt, but our creditors might be another story.

No comments:

Post a Comment