New money buys brand new carats
My old money bought your great grandparents

from Immortal Technique – Rich Man's World (1%) Lyrics on Rap Genius

Meaning

What money can buy and what it has purchased. Allusion to slavery.

A lot of these rappers have ‘new money’, and tend to flaunt it by buying diamonds, while people with ‘old money’ and established wealth, owned their grandparents. (slavery)

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