At first, society was based on the barter system, but when egoism matured and it became difficult to exchange goods directly, it was necessary to find something to replace it with in order to simplify the process. At that point, it was decided to use precious stones and metals, which were valued, for trade. They served as an equivalent for any purchase.
Then, coins came to life based on the necessity to verify whether a metal was real gold or silver. Moreover, every king, due to his ambitions, wanted to hammer his profile on the coins, while a state was eager to establish symbols of national and religious identity. This is how special seals on gold and silver bullion came to be.
In the beginning, only a stamp served as proof of authenticity of a metal evaluated by its weight, but later on, it acquired its own worth and received monetary power. It became clear that it wasn’t the material itself that was needed, gold or silver, but rather a stamp with someone’s profile, a unique form accepted everywhere as an equivalent of value. And that is when they started to make coins from simple metals.
But behind every such coin there was a gold standard. A stamp of a certain ruler certified that somewhere in his treasury there is gold backing up the value stated on the coin and anyone can bring it in and exchange it for gold.
This is how it was up until our times when we entered the era of arrogant egoism and completely lost control over it. They started to print much more money than there is gold backing it, and it’s impossible to redeem it any longer. Money is losing its value, and it lacks not only an authentic backup system, but even a fake, artificial one that used to support the entire monetary system.
In truth, no bill has coverage! After all, there is more money circulating in the world than all countries together are able to backup. And now the world is shifting to plastic cards which are not precious metals, coins, or even paper bills; they are mere pieces of plastic that help us transfer money from one bank and part of the world to another. And while we are doing so, nothing really moves; it’s just that the numbers get copied and sent to a new address on the computer.
And it’s not without a reason. Behind all this, there is a very sublime internal philosophy of screens, Lights, and desires. It speaks of our losing connection with the covering, the screen, which despite being an egoistic one, had previously served as equivalent to our effort in time, space, and motion.
We are beginning to value all this less and less since our ego is maturing and becomes greater than the real covering! And if I have a machine which can print money without coverage, so I print it!
I think the financial system is facing a great collapse since it cannot continue like this forever.
From the 4th part of the Daily Kabbalah Lesson 3/1/11, Lesson on Money