Money is the mental reassurance of wealth. The real value of money depends on the value we mentally place on money. One might question what does mental reassurance of wealth have to do with money when it is actually the only reason we are able to keep track of the value. We will continue to change what we mentally think about the worth of money. The intrinsic value of money will forever change. America converted money of France into gold upon their request. This gave the assumption that they did not think U.S dollars was worth its weight in gold. This changed the mental picture of the value of the U.S dollar. People began to think less of the U.S dollar which decreased the U.S dollar value.
The Yap might think our concept of exchanging money hand and hand to be bizarre. The Yap never exchanged their coins, probably because their coins were to big to simply move. The Yaps changed the ownership of their coins without moving them. If you wanted to buy something from someone you would take ownership of the huge stone. This made it possible for people to never see the stone but know the value. This is similar to in the U.S where someone has money in their bank but never actually see physical money.
Brazil had a similar problem as the U.S with the value of their money. Similar to the U.S Brazil’s citizens lost faith in their currency. Their faith in the currency was decreasing but soon was restored when a new idea of money was created. The idea of a different kind of currency was called Unit of Real Value, which wasn’t actually a real thing. URVs was a currency that stayed consistent because the real currency was used to determine how much URVs one had. While the currency worth would change the URVs would remain the same which gave the citizens hope in the URVs and boosted the economy.
The public’s faith in the value of money is so important because we determine what anything is actually worth. It doesn’t matter if its money, technology, or even our time. We put a price on on things and we determine the worth. This out the public out opinion on a items worth our money system would mean anything.
Works Cited
Chana, Joffe-Walt”How Fake Money Saved Brazil”NPR.org http://www.npr.org/sections/money/2010/10/04/130329523/how-fake-money-saved-brazil
Friedman, Milton. “The Island of Stone Money.” Diss. Hoover Institution, Stanford University , 1991.
Renaut, Anne . “The bubble bursts on e-currency Bitcoin.” Yahoo.com. 13 Apr. 2013. 30 Jan. 2015. https://sg.news.yahoo.com/bubble-bursts-e-currency-bitcoin-064913387–finance.html
Rowan Counterintuitive 
The Yap had a funny system for keeping track of their currency. They had huge stones carved from lime stone as their currency. The Yap had a lot of trust in one another because in some cases they never saw the huge stone. In one specific case there was a lime stone that was claimed to be at the bottom of the ocean that was supposedly only seen by a few people. This stone changed ownership many times even though it was never seen by anybody after the first people who claimed to carve it. This way of exchanging something never seen before is like each religions faith in their God. No one has ever seen God, but worshipers trust the word of the regions books. Worshipers pass the faith on to their children and the children pass it on to the following generations. This can be seen as blind faith. Blind faith is what the Yap had in each other with the stone at the bottom of the ocean. Whether the stone was real or not people head blind faith and believed it was real.
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I like your thought process, Savage, but your language fails your ideas in many many ways. The E02 Cows and Chips Exercise doesn’t warrant a thorough deconstruction of your language use here, but if you want to break it down, let me know.
Coded Grade: E
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