Sunday 24 February 2013

Short chronology of money

Around 2700 years ago , the first coins in electrum (alloy  of gold and silver ) are probably only an "award" to develop the  social links and  the fair work.

Later, Gold and Silver are excellent reserves of value , but  bad mediums  of exchange …., with a  negative environmental and social impact to find new mines to increase gold and silver supply. .

The fiat money and the “money like”, created by private banks credits , are good mediums of exchange , but also  bad reserves of value because of inflation. 

The tokens have no value, but are the best mediums of exchange … at the local level.

And tomorrow ..... ????

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