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From the ashes
and ruins of past collapse, men and women once again take up tools and begin
to work. It may not be from the ruins of a past cycle, but rather that a new
people have migrated to a new land, but the principle remains the same. Man,
by applying his labour to natural resources, brings forth the production of
tangible assets, those things essential to the sustaining and improvement of
human life.
This is the
birthing of a new economy. Quickly a division of labour will appear, where
different people will specialize their labour in different areas. For
example, one man may enjoy raising cattle while others prefer to till the
earth. One tiller of the earth prefers gardening fruits and vegetables, while
another understands better how to grow grains such as barley and wheat. Yet
another man becomes a proficient lumberman, felling and dressing trees for
timber, fast becoming a popular building material in the now emerging
economy. Another man mines for metals and minerals.
Each of these men
and women by applying their labour to their natural resources are creating
wealth, not only for themselves, but also for the entire community. Naturally
a market place exists, where the people can trade the product of their labour
(their production) for other needs
and wants. The gardener can sell his fruits and vegetables for beef and
timber, while our lumberman can trade timber for food.
Our newly birthed
economy has developed naturally into a barter of exchange economy; a 'Free
Market has Emerged' which is Stage One in the Seven Stages of the Life Cycle
of Money' (1)
If it is well
managed, where people continue to apply their labour, if they produce more
than they consume and the surrounding natural resources are plentiful and
accessible, this emerging economy will quickly grow and prosper. It will
become an ordered community (a 'society') and eventually become a wealthy and
great economy. Very soon our economy will move into the Stage Two of the Life
Cycle of Money.
Philip Judge
Anglo
Far-East Company
Also
by Philip Judge
Philip Judge is the 3rd generation of a family that has had
substantial involvement in the Precious Metals markets. He has researched,
written and spoken on the gold, silver and commodities markets for over a
decade. Philip works in the marketing and operations department of The
Anglo Far-East Bullion Company, an internationally based Bullion Banking,
Investment Management and Financial Services Company
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