07/07/2011

An Object Lesson in Macro-Economics


what is this mysterious object ? this sphere of hematite carved by my hand using diamonds and water? The designs are inspired by the backside of a Greenback, American dollar bill and circumscribed with magic text. “Made round to go round”, Something my Father used to say when he gave us our allowance. An object lesson in macro-economics, perchance to help with quantitative easing?

My Grandfather said, “ you can’t spend yourself rich” and, “ the next depression would be high priced ”. He was right of course, the elderly very often are. The US government is printing money faster than anyone can spend it. The effect is that it costs more to buy anything. It’s not that things have increased in value, rather that the money is very very cheap. Fiat money never survives long, a symptom of a regime in decay.

This stone is a crystal of iron oxide, yet it will never rust. When Hematite is carved it makes blood red dust. It can be magnetized and it’s hardness is about 5 1/2 on Mohs scale. It is a durable, hard stone, carving and it will remain intact until the sun consumes the inner planets. Metaphysicians believe this stone has grounding properties. With money and metaphysics, grounding has value.