I have never understood the currencies exchanges market , because once you buy a foreign banknote , you buy a debt backed by a foreign person ….
Buy USD , it means buy debts on an US population with at least 50 millions people living with Food stamps …. Buy Euro, it means buy a debt “””genetically ill”” … idem with GBP, JPY and many … others.
Money is not an asset …. Money is a tool !!! I have never seen a person speculate on a tool. For foreign trades, why not create an Ad hoc currency for each situation ??
People have misunderstood the nature of money and lead the world on a weak and very long bridge !
Fractional Reserve Banking is a system created for Westerners and by Westerners , for more than 200 years, useful in the industrialization process, with a massive labor class, and in unfair exchanges with foreigners
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