Money and the individual interest

We used the precious metal to get coins, it has given issues about the metal supply.  Money as debt has no more credibility nowadays…. But “money value “ or “money debt” are emphasizing only  the individual interest.

7000 years ago, the appearance of the first civilizations in Middle East and in India  are probably related with a growth of the population and the need to create a common interest and useful rules ….The appearance of the first currencies is far later … 2600 years ago in Lydia … Why ?? probably because money was useful for international payments, but quickly adopted by small businesses, especially with the antic small copper coins.

So,  an universal, rare and divisible value (precious metal) was useful. The goldsmiths get a rare advantage around banking activities…..  In fact, the disconnection between money and a real commodity is very recent (only several decades).

With  concepts like “Outsourced Resources Banking” and  “mitigative business” (read post July 4^th 2012) , my idea is simple : Making currencies   for the common interest.