Daniel Lindsay - Daniel is a full time private forex trader and blogger, mainly adopting a scalping / day trading strategy.

Following graduation in 2001, Daniel has steadily developed his experience and knowledge in the forex arena, and in the wider financial sphere.

He has a developing interest in the growing role of fringe currencies in the forex market.
Daniel Lindsay
Daniel is a full time private forex trader and blogger, mainly adopting a scalping / day trading strategy. Following graduation in 2001, Daniel has steadily developed his experience and knowledge in the forex arena, and in the wider financial sphere. He has a developing interest in the growing role of fringe currencies in the forex market.

No Money, More Problems - The Financial Incan Fallacy

The Incan empire (1476-1534) and its associated malice, dressed in mystique and modern-romantic thought, deserves a share of today’s financial attention.

While Incan people reaped the land of its dividends of foodstuffs, textiles, gold, and cocoa, there was no actual commerce, trade floors, or even traders in day-to-day existence. Just how did this advanced society get along without money, which makes the modern-day world go round?

The Incan leaders (Inca) were believed to be direct descendants of the sun, who had to marry their sisters to maintain a ‘pure’ bloodline, so by extension, the people abided by the order of the sun kings. While the sun-dictator developed a system akin to monarchies occurring in Europe at the time, assembling smaller bureaucratic groups or high-ranking officers to keep order in place, we must admire the utopian society of the Incans, existing sans money and commerce.

Even though the Incans lived without money, the common person lived an enriching life. Hell - we can emulate Incan heydays in present times. Here’s how modern people can walk like penny-less but more happy Incans.


Thanks to technology and the digital age, the world is virtually growing smaller. Peoples of other lands make impressions on others, whether directly implementing force or using Ronald McDonald as the imperialistic fall guy.

While we know most about the Incas due to their slayers, the Spaniards, the former group basically suffered the same misfortune they originally imposed on their predecessors, the Tiahuanacans, peaceful people enjoying days in the sun until the barbarous Incans decided to take the real estate for themselves via ‘like it or not’ philosophies and actions.

The Incans (sort of) eased themselves into the warm, highly-functioning lifestyle of the peoples they conquered. Modern man can do the same. Who’s our target? Which nations are living the best lifestyles, with the most self-sustaining resources? Once we answer that question, we can begin our imperialistic takeover!

Indentured Servitude

Ancient Egyptian rulers built magnificent pyramids, stretching toward the skies, sealing their respective honour and respect on Earth. However, the men and women slinging tons of rock around needed more than an insinuation to do the hard work; they were speculated to be slaves or volunteers to use the politically-correct term.

However, the Incan sun-ordained leaders didn’t have slaves – that’s so AD – they had a number of ‘indentured artisans,’ people who decided they would build roads, plan vegetation, and facilitate methods of reaping the land of its resources (out of the kindness of their own artistic hearts).

Some artists were not Christ-like however, needing prompting from local chiefs. You’re asking, ‘What if the local chiefs were not kind enough to give the artists a nudge?’ The sun lords had that covered, sometimes keeping the chiefs’ sons as hostages to ensure obedience and order, for the good of all.

The indentured servants had so much time on their respected hands, the lords would lend them time to plan how the empire could effectively use the soil of newly-conquered areas to the empire’s benefit.

Modern archeological conjecture seeks to prove the pyramids were not built by slaves, but volunteers. In modern times, we need more people who will forget about ‘making a living’ for themselves and start thinking about improving their surroundings for everyone else; if they need a bit of incentive, we can just keep their firstborns as ransom.

Industrial Revolution

While the Incans did not officially host a recognisable ‘industry,’ stuffy, accountant-types did exist in their mix, deemed ‘quipu-camayocs,’ keeping meticulous count of the contributions of their designated commoners, much like an in-house manager at an industrialised plant.

Your sensibilities may tickle you to ponder, ‘What if the commoners did not work up to par, or what if they did not want to work in the ‘factory’ at all?’ Those who had aversive thoughts were romantically whisked away to another region entirely, where the people were properly subdued to abide by their leaders’ biddings.

At the end of each term, or as some financial gurus now call a ‘quarter,’ the quipu-camayocs’ bosses would ensure the former group maintained acceptable records. Modern academics believe this is how the empire was sustained. Who needs wage labor of the Industrial Revolution? We need to ensure our commoners are subdued into a hopeless work ethic, one that will be a romantic gesture to future peoples. If they are not earning their keep, perhaps they should be moved to ‘areas’ where the people are conditioned to entertain a different ethic and perspective.

Class Systems

What if you arrived at your favourite five-star restaurant to find a table was not immediately ready for you? Do they know who you are? If you were an Incan, they would know exactly who you were and how to treat you accordingly via rational class systems.

The caste system was not to be questioned; fact was fact – the Incan, an incarnation of the sun was leader and no one could bat an eye at their air-tight rationale. The nobility were at the top of the social totem pole, marked by constantly-enlarged ear holes filled with gold, jewels, and assorted Incan ‘bling.’

Women were treated fairly, judged by their beauty, inspired by the possibility of becoming ‘Virgins of the Sun’ if they were lucky, tied to a celibate life making handicrafts and running maiden errands for the Inca and his wife.

Though slavery disguised as volunteer servitude may have existed, the Incan nobility were not entirely void of compassion for their people; human sacrifices usually consisted only of captives and not Incan people. In very severe cases, some, for the sake of the people, sacrificed their own children. There was no fuss or muss about the society; each citizen knew their preborn place and value, a situation still existent in certain societies.

Want to learn more about MahiFX? Take a look at our forex video section as well as our other great articles on our blog.

Don’t forget that you can Sign up to our demo account now to test out your trading skills with $100K of demo money!

This post was written by Daniel Lindsay. Follow him on Google + for more forex related articles

comments powered by Disqus

Trader Stories

Latest Interviews

Statement on CHF market volatility

Business as usual for MahiFX despite Swiss franc movement

Full Interview

MahiFX does not provide investment advice or recommendations, and no material on this site should be construed as such. Opinions are those of the authors and not necessarily those of MahiFX, its officers or directors. MahiFX’s Terms of Use and Privacy Policy apply. Leveraged trading is high risk and not suitable for all. You could lose some or all of your deposited funds.